Finance institutions and Fintech licensing in the single European financial market
Fintech companies, banks, electronic money institutions, payment service providers, insurance companies, investment managers and investment funds, Forex dealers, securities brokers and other financial institutions in Europe are subject to higher regulatory and risk management requirements. Licensing of a financial institution in one of the member states within the European Union (EU)/European Economic Area (EEA) opens up business opportunities to provide services in all other EU/EEA states, enjoying benefits of the worlds biggest common market of 450 million wealthy consumers and over 20 million businesses.
Fintech company or other financial institution registered and licensed in Lithuania provides significant competitive advantage and opens up the European financial market at a significantly lower incorporation and operational costs. Favourable regulatory environment, excellent infrastructure, fastest internet and quality talent pool make Lithuania and primarily its capital Vilnius attractive for large international finance institutions as well as Fintech start-ups. The official policy of the Bank of Lithuania (regulator) and the Government establishes regulatory environment and favorable ecosystem for foreign Fintech companies, in order to attract foreign financial institutions and Fintech start-ups to Lithuania. Regulatory behaviour and significantly lower finance institution incorporation, licensing and maintenance costs makes Lithuania preferred jurisdiction for the finance business people from around the world, seeking licensing for their European and global activities.
The experience of ECOVIS ProventusLaw includes the following
Electronic Money InstitutionThe most popular license covering all payment services and safeguarding of client funds
Bank. Specialised BankUnique financial institution which allows almost all traditional banking services in EEA/EU with only 1 million Euro equity capital
MIFID Investment Advisory and Securities BrokerCost effective pan-European investment advisory and securities brokerage license under MIFID directive
Investment Management and Investment FundEfficient and cost effective pan-European investment and fund management vehicle
Peer to Peer (P2P) lendingP2P consumer lending platform is a modern alternative to the bank financing
Consumer Credit ProviderNon-banking consumer lending license. Modern alternative to the bank financing
Insurance Company and Insurance BrokerPan-European insurance license opening European insurance market of 27 states and 450 million consumers
Cryptocurrency Exchange and Wallet LicenseCryptocurrency Exchange and Virtual Currency Depository Wallet operator license in Europe
Blockchain and Cryptocurrency LicensingLicensing solutions for blockchain, cryptocurrency, STO and token offerings
Regulatory complianceRegulatory compliance, due diligence, risk management and other services for finance institutions
IT Security OfficerIT security officer (ISO) services for organizations who work with stringent regulatory requirements
AML ComplianceA range of professional & consultative services by our AML team, including KYC, AM/TF Risk Assessment, AML Audit
Bank Account Opening. EMI Agent RegistrationBank and EMI accounts opening. Clients funds safeguarding accounts for Fintech’s. PI and EMI agent registration
Knowledge without experience is of little use. Therefore we are proud of having our own valuable experience to share with you.