The fintech industry is experiencing an unprecedented growth over the last several years. Lithuania - being a relatively deregulated jurisdiction in the EU - strives to become an English language friendly fintech hub in the region. Fintech companies in Lithuania can access the Single Euro Payment Area with more than 500 million citizens and 20 million businesses. Also, companies that intend to establish in Lithuania do not need the company management to reside in Lithuania. Finally, as a matter of practice, a company can register a virtual address, which does not require physical office here.
Given the increased demand for fintech solutions, the clients need a tailored local law advice as to how to protect their investments and digital infrastructure. In particular, licencing can be an issue for the further activity.
Against this background we advise start-ups and mature technology companies on all corporate matters, tax and regulatory, policy and business issues. In particular, we assist banks, payment institutions, electronic money institutions, specialised banks, credit unions, crowdfunding platform operators, peer-to-peer lending platform operators, insurance companies, insurance brokerage firms, financial brokers on receiving local licences to ensure the legality of their activity.