EMI And PI In Lithuania
If you obtain an AEMI in Lithuania, you will be allowed to provide such services: e-money issuing and redemption, operations required for operating a payment account, cash withdrawals from a payment account, execution of payment transactions, issuing of payment instruments and/or acquiring of payment transactions, money remittance and other.
Requirements for EMI
- Initial capital should be at least EUR 350,000;
- Submit all essential documents;
- Have a pre-application meeting with a regulator;
- Submit an application form;
- And other.
If you obtain an API in Lithuania, you will be allowed to provide such services: money remittance, payment initiation services, account information services, foreign exchange services, safe-keeping activities, storage and processing of data, operation of payment systems and other.
Requirements for PI
- Initial capital should be at least from EUR 25,000 to 125,000;
- Submit all essential documents;
- Have a pre-application meeting with a regulator;
- Submit an application form;
- And other.
For EMI
TIME:
3-6 months
FEE:
The total price will be provided after the application
For PI
TIME:
3 months
FEE:
The total price will be provided after the application