EMI in Lithuania, operating with direct SEPA Instant access

About This Company

About 2,300 clients were active in the last 12 months with this operating institution, which has served 6,200 unique clients since January 2021 with 61% retention. Revenue reached EUR 120K in 2023 with a profit of EUR 19K, supported by a team of four people. Bank accounts sit in Lithuania, Latvia and Poland alongside CENTROlink access. Supervisory oversight belongs to the Bank of Lithuania (Lietuvos bankas). Lietuvos bankas acts as the central bank of the Republic of Lithuania and a member of the Eurosystem. It supervises credit, payment, electronic money, capital and crypto-asset markets through combined prudential and conduct oversight. An electronic money institution licence for non-limited activity appears on its public register, which listed 70 authorised entities on 2026-09-24. The buyer verifies the corporate name directly in that central bank directory to inspect whether the permission remains active. Republic of Lithuania Law on Electronic Money and Electronic Money Institutions No XI-1868 governs the authorisation under Art. 13, Art. 22 and Art. 25. Acquirers must satisfy fitness standards before acquiring qualifying holdings. Statutory rules require minimum initial capital of EUR 350000. Board members, executive managers and compliance personnel also face regulatory assessment.