Banking license is a document that is compulsory to be obtained in order to render economic services within particular country.
The foregoing document regulates the actions of the organization, determines the range of permitted transactions and currencies. Banking license is also necessary for financial business in Lithuania.
Active investors in Lithuania are not only natural persons, but also private and municipal enterprises and authorities. Large amount of contributions makes the financial business in Lithuania profitable for both local and foreign branch banks, and the number of the foregoing increases in the country every year.
Due to availability of banking license, clients can receive a guarantee of security of deposits and further cooperation.
Banking license confirms conducting all operations within the organization in accordance with the established procedure and order and the current legislation.
Every entrepreneur can obtain license for banking activities in Lithuania, subject to compliance with the requirements and conditions in force in the country.
The Government of Lithuania offers a simplified procedure for obtaining license for persons who already have similar license in other countries that are not members of the EU. The features of banking license in Lithuania include the following:
For many burgeoning entrepreneurs who are interested in obtaining license for banking activities in Lithuania, the decisive factor is the fact that obtaining license is reduced to a minimum of paperwork.
Therefore, there will be a minimum of red tape for the businessman, which makes obtaining banking license in Lithuania much more accessible from a legal point of view.
Professional employees of Law&Trust will consult on the issues of obtaining banking license in Lithuania, as well as assist in collecting documents and direct interacting with representatives of Lithuanian legal authorities.
By cooperating with the specialists of Law&Trust, the client will be able to choose the best option for obtaining license for banking activity in Lithuania and start conducting financial business in the territory of Lithuania within relatively short period of time.