Scope of Legal Services for EMI License Lithuania

Services offered when applying for a new EMI License in Lithuania.

Filing StageServices Offered
Preparatory Stage

This is the pre-filing stage where all preparation with respect to PI EMI filing is done.

– Advice with regard to business model from a legal perspective 
– Advice with regard to corporate (shareholding) structure and management team 
– Investors’ clearance to national security interests (i.e. preparation and submission of the documents for the Commission for Coordination of Protection of Objects of Importance to Ensuring National Security)
– Preparation of presentation for the introductory meeting at the Bank of Lithuania (BoL) 
– Attending the meeting at the BoL 
– The incorporation and registration of a company 
– Weekly status update calls with the Client 
– Process management between all parties involved
Documentary Stage

This is the filing stage where we help with the documentation process with respect to PI EMI filing.

– Preparation of a detailed list of documents and information required for the application, outlining the responsibilities and timeframe (to be used as a progress tracking tool) 
– Preparation of legal part of the required EMI application documentation to the BoL 
– Review of and comments to non-legal part of required EMI application documentation to the BoL 
– Weekly status update calls with the Client 
– Process management between all parties involved
Q&A Stage

This is the post-filing stage where Q&A with respect to PI EMI filing is done.

– Q&A with the BoL and providing responses to legal questions of the BoL’s queries as well as a review of answers to non-legal questions (up to 2 rounds) 
– The preparation for the second meeting at the BoL 
– Attending the second meeting at the BoL 
– Weekly status update calls with the Client 
– Process management between all parties involved

This page was last updated on February 4, 2022.