Dėstytojas nuovadoje: Smėlio Dėžė FinTechui

FinTech ecosystem

3 months to get an e-money or payment license (1 week pre-approval). In other EU countries the licencing procedure can take 12 months or longer.
Direct technical access to SEPA via the Bank of Lithuania (for non-banks) and ability to issue your own IBANs via the Bank of Lithuania API are available.
Sandbox environment (no regulatory sanctions) for FinTech startups during the 1st year. Companies operating in the regulatory sandbox are able to offer innovative financial products and test business solutions in the real marketplace, with real customers by being closely overseen by the regulator. The Bank of Lithuania is ready to offer consultations on the go.
Newcomer Programme. The Bank of Lithuania follows the one-stop-shop principle when meeting and consulting potential financial market players. Prior to setting up a company or launching a financial product, investors can check whether their plans are in line with the applicable regulatory requirements.
Remote video based KYC.
Specialised banking licence. The initial capital requirement for setting up a bank in Lithuania offering the usual range of banking services is the smallest in the Eurozone and amounts to EUR 1 million. This is five times less than the requirement applicable to banks offering a full range of banking services, including investment services.
Well-connected to the global FinTech start-up ecosystem (Rise Vilnius is one of Barclays’ seven global FinTech hubs)