The world is changing fast, and technologies are constantly evolving. This makes technologies more attractive and therefore more and more new business models are emerging.

At the same time, laws and regulations are continuously being updated so that all market participants can operate under the same conditions in regulated areas. Acting as a payment institution, a provider of virtual currency services and a financial institution has become particularly popular, and regarding this, the number of applications for an activity licenses has also increased.

With extensive experience in money laundering prevention and compliance and a strong team of financial experts, we advise clients on financial services, electronic money, licensing of payment institutions, capital formation, listing of mutual lending platform operators and other operational issues.

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The fintech lifecycle:

The lifecycle of a Fintech may start with an innovative and digital first concept, but may be underpinned with regulation, governance and a strong growth strategy. It’s important to have advisors in place that understand the sector – as we know, technology moves significantly faster than tax reform and many jurisdictions are still trying to figure out how they regulate and tax the digital economy.

Lithuania‘s Fintech Lanscape:

Source: Invest Lithuania 2021-2022 report "The Fintech Landscape in Lithuania"

  • 265
    265
    Fintech companies operating in Lithuania
  • 147
    147
    Fully passportable Fintech licenses issued
  • 5900
    5900
    People employed in the Fintech sector

Business environment:

  • 15th
    15th
    in the Index of Economic Freedom
  • 6th
    6th
    in OECD for tax competitiveness
  • 19th
    19th
    in the world for quality of life

Achievements

  • 10th
    10th
    in Global Fintech Ranking
  • 1st
    1st
    largest Fintech hub in the EU in terms of licensed companies
  • 9th
    9th
    globally amongst lowest risk jurisdictions (Basel AML index)

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