Financial services, licensing and compliance

ECOVIS ProventusLaw advises on issues of finance law and licensing of financial services, as well as payments, e-money, investment management and other similar issues. It is one of our key practice areas marked by significant achievements and tasks which do not stop at the borders of Lithuania or EU.

The lawyers of the law firm have incorporated various financial institutions from those operating on the Lithuanian market to financial institutions registered and licensed in Lithuania but operating on the financial markets of EU countries, they have also set up the first modern index investment fund registered in Lithuania IKKB NSEL 30 Indekso fondas and its management company UAB Investicijų portfelių valdymas and the first specialised investment fund in Lithuania ZPR Amerikos mažos kapitalizacijos bendrovių akcijų atviras investicinis fondas investing in US shares.

Inga Karulaitytė

Head of practice group

Inga Karulaitytė – Kvainauskienė

Partner, attorney at law

The experience by ECOVIS ProventusLaw include:

The lawyers of ECOVIS ProventusLaw incorporate various payment institutions, e-money, investment management companies and other financial institutions intending to operate both in Lithuania and in the EU. Our lawyers have incorporated various financial institutions ranging from those operating on the Lithuanian market to financial institutions registered and licensed in Lithuania but operating on the financial markets of EU countries.

The lawyers of ECOVIS ProventusLaw assist companies operating both in Lithuania and in any other EU member states in obtaining licences for payment institutions and e-money operations. With the assistance of our partners from the international ECOVIS network we can incorporate a company and obtain a licence required by our client in virtually any country in which our client has business interests.

 

More about getting a licence of a Payment Institution

More about getting a licence of Electronic Money Institution

The lawyers of ECOVIS ProventusLaw draft incorporation documents and represent clients in the formation of various investment funds, investment companies, pension funds, other collective investment undertakings and their management companies. In the formation process, we focus in particular on establishing effective cooperation between an investment fund or a management company and the market regulator, i.e. the Bank of Lithuania.

 

More about getting a licence of Investment Management Company and Investment Fund.

ECOVIS ProventusLaw advises on issues of issuance, registration and listing of shares, bonds, derivative instruments and other securities, IPOs and on other issues related to public trading in securities.

ECOVIS ProventusLaw represents its clients in drawing funding for operations of companies and for individual business projects. In addition to traditional loans from credit institutions, our clients use other business finance instruments such as issuance and public offering of securities as well as facilities offered by venture capital funds. The law firm has developed a special support programme for small companies (start-ups) operating in the sectors of online payments as well as IT and telecommunications.

Success stories

News

European finance institutions registered in Lithuania

Licensing of banks, credit institutions, payment and e-money institutions, fintech companies, insurance companies, investment funds and investment management companies for the purpose of providing services in single European market.  

Licensing of payment and e-money institutions in EU

In view of the fact that since upcoming years are very likely to see a significant expansion of the Payment services and E-money markets, it is necessary to present key

Assisting USA alternative payments giant on entrance to EU

We assisted an e-payment company registered in California, US, Alternative Payments, operating worldwide and servicing over 100 000 websites in incorporating a European unit in Lithuania and in obtaining a