# Electronic money institution licence for restricted activity (Lithuania)

Source page: https://protegra.io/licensing/licences/emi/lithuania-restricted/

The Electronic money institution licence for restricted activity is issued by Bank of Lithuania (LB) under Republic of Lithuania Law on Electronic Money and Electronic Money Institutions No XI-1868. It is a national licence: it does not give a passport to other EU/EEA states. The official register lists 2 current holders. Ownership changes need the regulator's approval before completion.

## At a glance

| Official name | Electronic money institution licence for restricted activity [1] |
| --- | --- |
| Issued by | [Bank of Lithuania](https://protegra.io/licensing/regulators/bank-of-lithuania/) |
| Jurisdiction | [Lithuania](https://protegra.io/licensing/jurisdictions/lithuania/) |
| Licence family | [Electronic money institution (EMI)](https://protegra.io/licensing/licences/emi/) |
| Legal basis | Republic of Lithuania Law on Electronic Money and Electronic Money Institutions No XI-1868 [2]; Directive 2009/110/EC on the taking up, pursuit and prudential supervision of the business of electronic money institutions (EMD2) [3] |
| Passporting | Domestic only |
| Public register | [official register](https://www.lb.lt/en/sfi-financial-market-participants?business_form=33&market=1) [1] |
| Current holders | 2 [1] |

## What it lets you do

- [Issuing electronic money](https://protegra.io/licensing/activities/e-money-issuance/)
- [Execution of payment transactions](https://protegra.io/licensing/activities/payment-execution/)
- [Money remittance](https://protegra.io/licensing/activities/money-remittance/)
- [Issuing payment instruments and acquiring payment transactions](https://protegra.io/licensing/activities/card-issuing-acquiring/)
- [Payment initiation services](https://protegra.io/licensing/activities/payment-initiation/)
- [Account information services](https://protegra.io/licensing/activities/account-information/)

- **Issuing electronic money.** Issuing monetary value stored electronically against funds received, redeemable at par and accepted by third parties as payment.
- **Execution of payment transactions.** Executing direct debits, card payments and credit transfers, including standing orders, from a payment account.
- **Money remittance.** Receiving funds from a payer solely to transfer them to a payee or another provider, without opening payment accounts.
- **Issuing payment instruments and acquiring payment transactions.** Issuing cards or other payment instruments to payers, and acquiring card and other payment transactions for merchants.
- **Payment initiation services.** Initiating a payment order at the user's request from an account held with another provider, as in open banking.
- **Account information services.** Providing consolidated online information on one or more payment accounts the user holds with other providers.

## Where it is valid

_Valid in Lithuania._

## Buying a company that already holds it

**Prior notification with an objection period.** Acquisition or disposal of qualifying holdings reaching or crossing 10%, 20%, 30%, or 50% of capital or voting rights, or becoming controlled, requires prior written notification to the Bank of Lithuania. The supervisory authority assesses acquirer reputation, financial soundness, and AML/CFT risks within a statutory 60 working days period (interruptible once by up to 20 working days for additional information) under Law on Banks Arts 24-25, applied mutatis mutandis to EMIs (EMI Law Art. 17) and PIs (PI Law Art. 10). [4]

Ready-made companies holding this licence: [see verified positions](https://protegra.io/companies/emoney-payments/).

## Laws behind it

- [Directive 2009/110/EC on the taking up, pursuit and prudential supervision of the business of electronic money institutions](https://protegra.io/licensing/laws/eu-emd2-2009-110/): Directive 2009/110/EC

## Sources

1. [lb.lt: sfi financial market participants](https://www.lb.lt/en/sfi-financial-market-participants?business_form=33&market=1): retrieved 2026-09-24
2. [e-seimas.lrs.lt: 573b9080166911eaad00dac7ebcb2435](https://e-seimas.lrs.lt/rs/legalact/TAD/573b9080166911eaad00dac7ebcb2435/): retrieved 2026-09-24
3. [eur-lex.europa.eu: HTML (32009L0110)](https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32009L0110): retrieved 2026-09-24
4. [e-seimas.lrs.lt: 9ba20892227e11e6acbed8d454428fb7](https://e-seimas.lrs.lt/rs/legalact/TAD/9ba20892227e11e6acbed8d454428fb7/): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.