Insight Archives

CJEU: Internet users must explicitly agree to the installation of cookies

03/10/2019 The Court of Justice of the European Union (CJEU) ruled on that the consent...

Foreigners setting up start-ups in Lithuania will receive start-up visas twice as fast as now

21/06/2019 As of 1 July 2019, the process of start-ups visa (“Startup visa”) issuance for...

The first significant fine was imposed for non compliance with the GDPR

17/05/2019 After less than 1 year from the General Data Protection Regulation (hereinafter – GDPR)...

Starting from March 2019 the employment of citizens from third countries will be much easier

22/02/2019 From the 1st of March 2019 the procedures of foreigners arriving to Lithuania for...

Lithuania proactively implements anti-money laundering measures for financial institutions

18/02/2019 Lithuania‘s efforts and attention to money laundering and measures to combat such illicit activities...

Lithuania made a triple jump into becoming the European FinTech centre

12/02/2018 The fact about Lithuania as one the most favourable and friendly jurisdiction for FinTech...

UK financial institutions will lose EU “passporting rights” after the BREXIT, EU chief negotiator Michel Barnier says

23/11/2017 “BREXIT means BREXIT, everywhere. Those who claim that the UK should pick parts of...

The Bank of Lithuania launches real time pan-European payments available for the clients of Lithuanian licensed FinTech companies

22-11-2017 The Bank of Lithuania (financial regulator) has opened up the possibility for the banks...

Guidelines for impact assessment in the field of protection of personal data have been approved

During preparation to apply the EU legislation of direct application – General Data Protection Regulation...

FinTech companies will have a unique opportunity to test their new innovative products in real market conditions

Lithuania continues to improve regulation of financial services and will allow for FinTech companies to...

European banking license. REVOLUT gets Specialised Bank license in Lithuania

[vc_row][vc_column][vc_column_text el_class=”eu_banking_lt”]28/01/2019 UK-based financial technology giant Revolut has obtained a Specialized Bank license in Lithuania....

American stock exchange giant Nasdaq welcomes Lithuania’s progress in FinTech

More competition means more innovation, and that can only be an advantage for Europe’s consumers...