Lithuania VASP Registration
Cost
€10,000-€30,000 setup + €1,000 application fee
Timeline
2-4 months (pre-MiCA framework)
Capital
€125,000 minimum (post-2022 reforms)
Crypto exchange + custody regulated by Financial Crime Investigation Service (FCIS).
Who it suits
Crypto exchanges and custodians wanting an EU-domiciled licence with relatively quick issuance. Was the most popular EU VASP option pre-MiCA.
Compliance load
AML/CTF compliance officer required, transaction monitoring, Travel Rule compliance from January 2024.
The acquiring angle
Tier-two acquirer acceptance pre-MiCA. EU acquirers underwrite Lithuania VASPs but increasingly conditioned on transition to MiCA authorization. Pricing 1-3% IC++ markup. Reserves 10-18%.
Notes and pitfalls
MiCA transition deadline (1 July 2026) means existing Lithuania VASPs must apply for full MiCA CASP authorization. Many will not qualify under stricter MiCA capital and governance requirements.
Reference information, not legal advice. Figures are typical ranges as of 2026.
Lithuania VASP questions.
How do acquirers view the Lithuania VASP licence?
Acquirer acceptance is Moderate. Tier-two acquirer acceptance pre-MiCA. EU acquirers underwrite Lithuania VASPs but increasingly conditioned on transition to MiCA authorization. Pricing 1-3% IC++ markup. Reserves 10-18%.
What does the Lithuania VASP cost and how long does it take?
Cost: €10,000-€30,000 setup + €1,000 application fee. Timeline: 2-4 months (pre-MiCA framework). Capital: €125,000 minimum (post-2022 reforms). These are typical ranges as of 2026; verify with the regulator before budgeting.
Does BZNpay help with Lithuania VASP applications?
No. We are an introducer to acquirers, not a licensing agent. We can tell you how this licence plays with the acquirer pool and introduce you to the partners whose appetite covers it.