Why consider Lithuania?
The Bank of Lithuania publishes activity-specific authorisation guidance. This makes it possible to assess the payment and crypto permissions separately before designing a combined product.
Crypto services
A CASP must obtain the applicable MiCA authorisation or complete the relevant notification route for eligible existing financial institutions. An old VASP registration is not an EU licence.
PSP, fiat and payment services
An EMI, PI and CASP do not have identical permissions. Certain services involving e-money tokens also require a payment-services assessment alongside MiCA.
Company formation and operations
For an existing institution, examine the authorised scope, ownership approvals, governance and regulatory correspondence alongside the company purchase price.
Tax, incentives and the full cost
Compare the actual operating profit, group structure, staff costs and cross-border obligations. Regulatory capital and safeguarded customer money are not ordinary free cash for operations.
Compare three figures: setup cost, the cost to operate for a year, and the tax outcome for both company and owner. Any incentive should state its eligibility conditions and be confirmed for your facts before it is included in a proposal.
Banking and provider fit
Confirm safeguarding and settlement arrangements, currency coverage and scheme participation with the specific institution or partner. These are not automatic features of every licence.