#Fintech in Lithuania

Forward-thinking regulation and future-ready

payment infrastructure

REGULATION INFRASTRUCTURE

“After Brexit referendum, we were

looking to diversify the risk of accessing
the single market. In Lithuania, we
MAIN ADVANTAGES: found the most fintech & innovation FOR NON-BANKS:
friendly regulator as well as the most
E-money or payment attractive solution to connect to SEPA Direct technical access
license in 3 months payment area.” to SEPA via Bank of
(1 week pre-approval) Lithuania API
Available for FCA-licensed financial institutions
Peter Cox, Executive Chairman,
Contis Group
Ability to issue your own
Remote video based KYC IBAN’s via Bank of Lithuania API

Sandbox (no regulatory BaaS1 / white label banks

sanctions) for fintech with local presence: Contis
startups for the 1st year Group, BBS, Forbis, Wirecard2
1 Banking as a Service
2 Wirecard (while without a physical presence in Lithuania yet)
is working closely with the Bank of Lithuania on a number
of fintech clients.

WELL CONNECTED
TO THE GLOBAL
FINTECH STARTUP
ECOSYSTEM

RISE LOCATIONS:
Rise is a community of the world's
New York, Manchester, brightest fintech thinkers and
London, Tel Aviv, Vilnius, doers, from rising startups to
Mumbai, Cape Town industry leaders, working together
to create the future of financial
services.

WHO’S ALREADY HERE?

Fintech startups in Lithuania Global brands with major IT development & product research units
in Lithuania

Payments:

Lending:

Blockchain:

Others:
#Fintech in Lithuania
Your Business Location
IT SAVVY AND MULTILINGUAL TALENT POOL TAX – BUSINESS INCENTIVES

x3
3 times R&D cost deduction

4th
31,500 1870+ lowest profit tax in the EU

IT specialists in Lithuania estimated # of employees

Source: Research and Higher Education Monitoring and in Fintech sector
Analysis Centre, 2018
Source: Fintech LT Survey, 2017 Some of the lowest office
rental costs in the region

84% 50%
proficiency in English among young speak at least two foreign Government funded financial
professionals languages support for R&D activities and
Invest Lithuania’s estimation based on Population Census, 2011 European Commission, Europeans and Their employee training
Languages, 2012

EASY SETUP MIGRATION

EU Bluecard
Setting up a company in Lithuania:
A residence and work permit
specifically designed for
highly-skilled non-EU citizens.

Startup Visa

Streamlined entry process to

takes 3 days can be done using with assistance from the Lithuanian startup
an e-signature Invest Lithuania ecosystem for innovative
project manager non-EU entrepreneurs.

VILNIUS – GREAT QUALITY OF LIFE

Among TOP 5
2017 Mercer Cost of Living Vilnius is ranked by the New
Index ranked Vilnius as one York Times alongside
of the 5 least expensive capitals Copenhagen, Barcelona and
in the EU Capetown as a hip and well
managed place to live

Inhabitants of Vilnius are the Mobile payment systems for

most satisfied people in Europe parking, public transport and
Eurostat, 2016 taxi services in Vilnius

CONTACT US:
Invest Lithuania is the official agency for Foreign Direct
Investment and Business Development.
We‘ll partner with you to get your business set up and off to the
best start possible:

DECISION-MAKING BUSINESS BUSINESS

ESTABLISHMENT DEVELOPMENT DOMINYKAS STANKEVIČIUS
Senior Investment Advisor | Technology
- Tailored in-depth market and - Intros and meetings with key - Assistance with one-off
industry insights market players and relevant problems T: +370 5 204 7803
- Advice on business costs governmental institutions - Lobbying for greater E: dominykas.stankevicius@investlithuania.com
- Information concerning the local - Sourcing of governmental governmental support
labour and legal framework financial support
www.investlithuania.com