Start operating worldwide with the help of Star Legal licensing support services. We are experienced in securing crypto and fintech-related licenses for businesses globally. For the clients who want to start operating faster, we can offer the acquisition of companies with existing crypto and fintech licenses.
Our expertise in supporting crypto and fintech businesses in getting their licenses helped us build comprehensive service packages.
Lithuanian cryptocurrency licenses
Lithuania has a clear process for obtaining authorization for the crypto business. Our expertise in this process ensures that licensing process is executed promptly and according to the requirements.
1. Cryptocurrency exchange operator –enables legal entities to provide services for exchanging fiat to crypto, crypto-to-fiat, and crypto-to-crypto.
2. Cryptocurrency depository walletoperator– enables legal entities to manage client cryptocurrency depository wallets.
– Lower licensing package costs
– Low corporate income tax rate -15%
– Low initial capital requirement: the threshold is set at 2500 EUR – Foreign entities can become the shareholders of the company – Foreign entities can act as General Manager
– Companies can be set up remotely
– Prompt licensing process
– No requirement for a physical office
Available options for starting a cryptocurrency business in Lithuania
Formation of a new LLC company and obtaining cryptocurrency licences
– Company name registration
– Formation of a new limited liability company
– Legal address
– Preparation of corporate documents
– Virtual currency exchange operator authorization
– Virtual currency depository wallet operator authorization – AML policy drafts
– Bank account
– Consultations
1. Registration of the company name
2. Registration of a limited liability company in Lithuania (UAB type)
III. Preparation of corporate documents
IIII. Securing the virtual currency exchange and depository wallet operator licenses
1. Opening a bank account
2. Integration of accounting services
3. Consultation on the integration of required AML solution VII. Custom. Recruitment of the Money Laundering Reporting Officer
Duration of the company setup and licensing – from 25 to 30 business days
Duration of the bank account opening procedure – from 15 to 25 business days
– Short business description
– Filled KYC questionnaire
– Certificate proving absence of criminal records – Proof of address
– Notarized passport copy
Ready-made company with a Lithuanian cryptocurrency license
– Registration of company name
– Preparation of share transfer documents
– Ready-made Limited Liability Company
– Preparation of corporate documents
– Registered virtual currency exchange operator authorization
– Registered virtual currency depository wallet operator authorization – AML policy drafts
– Bank account
– Consultations
I. Registration of company name
1. Remote share transfer procedure
III. Preparation of corporate documents
2. Opening a bank account
2. Integration of accounting services
3. Consultation on the integration of required AML solution
VII. Custom. Recruitment of the Money Laundering Reporting Officer
Duration of company acquiring – approx. 15 business days from receiving documents to registering shares transfer.
Duration of the bank account opening procedure – from 15 to 25 business days.
– Short business description
– Filled KYC questionnaire
– Certificate proving absence of criminal records – Proof of address
– Notarized passport copy
– Marital status
– Crowdfunding Licenses
Crowdfunding is a form of alternative finance when funding for a business project is raised from many investors via an internet platform. Star Legal team helps companies secure crowdfunding service provider licenses from the Bank of Lithuania.
Lithuania is among the countries with the most experience licensing fintech companies and attracting global businesses to relocate here. As the crowdfunding sector grows, Lithuania is becoming the gateway for companies that want to get capital for their projects using this fund-raising method. We help companies comply with the requirements of the Bank of Lithuania and successfully launch their crowdfunding campaigns.
– Company name registration
– Formation of company in Lithuania
– Registration of company trademark
– Preparation of corporate documents
– Preparation of natural persons documents
– Preparation of internal procedures for crowdfunding – Bank account opening
– Integration of accounting practices
– Applying for the crowdfunding license
– Licensing fees
– Legal support
Price – 30000 EUR
Duration – 4-6 months
Money Service Business (MSB) License in Canada
MSB, or a Canadian Money Service Business license, allows to operate in the following areas:
Foreign exchange dealing – conducting transactions where you exchange one type of currency for another
Money transferring – transferring funds from one person or entity to another using an electronic funds transfer network or any other method
Dealing in virtual currency – includes both virtual currency exchange and virtual currency transfer services.
– Funds for virtual currency
– Virtual currency for funds
– Virtual currency for another virtual currency
– Transferring virtual currency at the request of a client
– Receiving a transfer of virtual currency for remittance to a beneficiary
The Star Legal team will help you establish a company in Canada and secure an MSB license from FINTRAC.
– Company name registration
– Formation of company in Canada
– Preparation of corporate documents – Bank account opening
– Preparation of AML policy
– Recruitment of compliance officer – Registration with FINTRAC
– Securing the MSB license
Price – 40000 EUR
Duration – from 2 to 3 months