virtual-crypto asset service providers (VASP)
There are 2 types of authorizations-licenses for the virtual-crypto asset service providers (VASP):
Virtual-crypto currency exchange operator - a legal person or branch established in the Republic of Lithuania that provides services of virtual-crypto currency exchange, purchase and/or sale for remuneration.
Depository virtual-crypto currency wallet operator - a legal person or branch established in the Republic of Lithuania that provides services of management of custodian virtual-crypto currency wallets on behalf of the clients
The activities of VASP are supervised by the Lithuanian Financial Crime Investigation Unit.
- We are providing legal support to our clients during mandatory authorization of virtual-crypto assets service providers (virtual-crypto currency exchange operators and depository virtual-crypto currency wallet operators) process, preparing necessary authorization documentation, helping with company incorporation, representing clients before the relevant government authorities during the authorization procedure and advising on other issues arising during authorization. Incorporation of new company and authorization process (including bank account opening) can be done fast and remotely without personal presence of the company's shareholders and director in Lithuania.
- Once the authorization process is complete, we also offer other legal services as required by your needs during the course of your activities.