Why Ecovis?

ECOVIS International is a leading global consulting firm with over 7000 lawyers, tax advisors, auditors and other professionals operating in 68 countries. ECOVIS ProventusLaw is the Lithuanian member firm of ECOVIS International.

ECOVIS experience in consulting and licensing international clients starts since the incorporation of first modern NSEL 30 Index fund in Lithuania and fund’s management company 15 year ago. Few years later ECOVIS ProventusLaw assisted in licensing specialised US securities investment fund – ZPR US Small Cap Value Fund for US based Investment manager ZPR International.

ECOVIS group invited international Fintech companies to Lithuania even before the Bank of Lithuania and the Government launched the initiative of “Fintech heaven” in Lithuania.

In 2014 we licensed European branch of California based e-payment company Alternative Payments, servicing over 100 000 websites around the world. Alternative Payments currently holds Lithuanian license for their pan-European business. We serviced global financial giant deVere Group getting a license for their global activities, advised national post operator AB Lietuvos Paštas and leading mobile telecommunications service provider UAB Omnitel getting their licenses.

We mediated the Singapore-based Senjo Group global holding company in 2017, who specialize in payment services and financial technology, with the acquisition of Finolita Unio, which has a payment institution license.

Recently, ECOVIS ProventusLaw aquired an electronic money institution licence for Singapore-based InstaReM, which operates in more than 50 countries. ECOVIS offices in Lithuania, Singapore, Luxembourg and Germany assisted InstaReM, so this project was most definitely international.

Currently we service clients from continental Europe, UK, US, Canada, China, Hong Kong, Israel, UAE, Singapore, the Philippines. We do not make any difference between experienced international finance institution providing services around the globe and Fintech start-up making first steps in to the European financial market. We welcome everybody and we are ready to assist.

ECOVIS professionals advise governmental working groups improving regulatory environment for finance institutions in Lithuania and focusing it for pan-European needs. Being active members of local Fintech community, we appreciate the efforts of our colleagues from other local Lithuanian and pan-Baltic firms and do not consider them as competitors.

Our common aim is to make Lithuanian even better jurisdiction for finance institutions providing services in a single European market. If you really believe that our existing regulations do not meet your requirements and you know how to make things better, please do not hesitate to contact us. Our Fintech community and regulator welcomes all the new ideas and proposals how to improve existing regulation.

ECOVIS handles all the licensing processes, from the preparation of documentation in client’s home country, preparation of the business plan, tax advice and selection of the personnel until the submission of whole licensing package to the regulator and representation to the regulator.  We believe that the knowledge and international expertise of the interdisciplinary network of ECOVIS International professionals can meet all the requirements of business finance people from around the world.

Our worldwide ECOVIS network with offices in 68 countries provides clients the possibility to work through their home country ECOVIS office. You can get a license for your European finance business without leaving your home city.

Local knowledge in the home country and international expertise of the international network of ECOVIS professionals ensure fast and efficient services for the client. This makes ECOVIS different from other service providers