Financial services licensing and compliance
ECOVIS ProventusLaw advises on issues of finance law and licensing of financial services, as well as payments, e-money, investment management and other similar issues. It is one of our key practice areas marked by significant achievements and tasks which do not stop at the borders of Lithuania or EU.
The lawyers of the law firm have incorporated various financial institutions from those operating on the Lithuanian market to financial institutions registered and licensed in Lithuania but operating on the financial markets of EU countries, they have also set up the first modern index investment fund registered in Lithuania IKKB NSEL 30 Indekso fondas and its management company UAB Investicijų portfelių valdymas and the first Lithuanian specialised investment fund in Lithuania ZPR US Small Cap Fund investing in US shares. ECOVIS advised worlds biggest crypto exchange Binance securing Virtual Assets Service Provider authorization in Lithuania for European operations. In 2025 we helped US listed securities broker Robinhood receiving category A MIFID brokerage license in Lithuania for European activities. More information on Robinhood license can be found here. The lawyers of the law firm have also gained considerable experience in assessing legal risks pertaining to financial activities or financial operations, in representing clients in relations with the Bank of Lithuania, the Financial Crime Investigation Service and other surveillance authorities as well as in advising on e-payment issues.
The experience by ECOVIS ProventusLaw include:
- Incorporation and registration of financial institutions
The lawyers of ECOVIS incorporate payment and electronic money institutions, brokerage and investment advisory companies, banks, crowdfunding platforms and other financial institutions intending to operate both in the EU. Our lawyers have incorporated various financial institutions ranging from those operating on the Lithuanian market to financial institutions registered and licensed in Lithuania but operating in the financial markets of all EU countries. - Payment and e-money institutions
The lawyers of ECOVIS ProventusLaw assist companies operating both in Lithuania and in any other EU member states in obtaining licences for payment institutions and e-money operations. With the assistance of our partners from the international ECOVIS network we can incorporate a company and obtain a licence required by our client in virtually any country in which our client has business interests. - Brokerage, investment management and investment funds
The lawyers of ECOVIS ProventusLaw draft incorporation documents and represent clients in the formation of MIFID licensed investment advisory and brokerage companies, investment funds, other collective investment undertakings and fund management companies. In the formation process, we focus in particular on establishing effective cooperation between an investment fund or a management company and the market regulator, i.e. the Bank of Lithuania. - Banks, specialised banks
ECOVIS ProventusLaw advises on bank licensing and regulatory relations. - Business finance and venture capital, Start-up’s
ECOVIS ProventusLaw represents its clients in drawing funding for operations of companies and for individual business projects. In addition to traditional loans from credit institutions, our clients use other business finance instruments such as issuance and public offering of securities as well as facilities offered by venture capital funds. The law firm has developed a special support programme for small companies (start-ups) operating in the sectors of online payments as well as IT and telecommunications.
More detailed information on financial services licensing and compliance can be found here.
