Financial Services Licensing in the European Union (EU)

Strict legal regulation is a distinctive feature of the Financial Services sector in all countries. FinTech companies, banks, electronic money institutions, payment service providers, insurance companies, investment managers and investment funds, forex dealers, securities brokers and other finance institutions in Europe are subject to higher regulation and risk management requirements. Moreover, sector is highly diversified and covers lots of instruments and services as well as various business models. Licensing of a finance institution in one of the member states within the European Union and European Economic Area opens up business opportunities to provide services in all other states, enjoy benefits of a Worlds biggest Common Market of European Union. ECOVIS specializes in the licensing of finance institutions and Fintech’s providing financial services in Europe and globally.

ECOVIS – the most experienced financial services licensing advisor

ECOVIS ProventusLaw currently is the most experienced financial institution licensing and compliance advisor. We advised more than 40 companies getting financial licenses for pan-European activity. ECOVIS experience goes back to the incorporation of the modern NSEL 30 Index fund in 15 year ago. A few years later ECOVIS ProventusLaw assisted in licensing of specialized US securities investment fund – ZPR US Small Cap Value Fund for the US-based investment manager ZPR International.

We licensed first international payments Fintech in Lithuania – California based e-payment company Alternative Payments in 2014. ECOVIS advised Lithuanian national post operator AB Lietuvos Paštas and the leading mobile telecommunications service provider UAB Omnitel getting their financial licenses. We licensed Singapore base Fintech Instarem (currently Nium) getting electronic money license in Lithuanian for European activities. Currently we service clients from continental Europe, Americas, China, Hong Kong, Israel, UAE and Singapore. ECOVIS professionals advise governmental working groups improving the regulatory environment for finance institutions in Lithuania and focusing it for pan-European needs. ECOVIS ProventusLaw is the funder of the association FINTECH HUB LT currently the biggest Lithuanian Fintech organization. .

We serve experienced international finance institutions providing services globally and innovative Fintech start-up companies making first steps into the financial market. We welcome everybody and ready to assist.

ECOVIS INTERNATIONAL– global financial advisor

ECOVIS International is a leading global consulting firm with over 8000 professionals operating in more than 80 countries. ECOVIS ProventusLaw is the Lithuanian member firm of ECOVIS International.

As an interdisciplinary network of international advisors ECOVIS advises on all aspects of finance institution incorporation and licensing process, including preparation of the business plan, tax advice and human resources. Deep local knowledge in the home country and international expertise of the interdisciplinary network of ECOVIS professionals makes ECOVIS different from other Lithuanian service providers.