Regulators： Bank of Lithuania

Regulatory region： Lithuania

License Type： MM、STP

Application price (USD)： ***

Application frequency： 6months

Maintenance costs (USD)： **

Company summary： Foreign Exchange Supervision Reminder According to the official website of the Bank of Lithuania, LBE regulates leveraged foreign exchange (spot foreign exchange), and foreign exchange companies are market participants in financial instruments under financial brokerage firms. Institutional History The Lithuanian Bank LBE was established in 1922, with its headquarters located in Vilnius, the capital of Lithuania. Regulatory functions Regulate credit, currency exchange operators, insurance, collective investment, crowdfunding, P2P lending, or other financial institutions.

Product details： Regulatory objectives/scope The mission of Lithuania's LBE is to bring benefits to society and enhance public confidence in the central bank of Lithuania and the entire domestic financial system. Simultaneously seeking to establish a reliable financial system and ensure sustainable economic growth. License application 1. The application requirements for the financial brokerage company (including foreign exchange companies) license of LBE in Lithuania are as follows: 50000 euros: Investment advisory firm 125000 euros: STP Direct License Company 730000 euros: becoming a MM commercial license company 2. Application process: Pre application stage - dealer submission application (approximately 5 working days) - LBE evaluation application (approximately 6 months) - approval application 3. Application duration: About 6 months; In complex situations, time may extend.