Lithuania mulls allowing third-country businesses open e-money accounts

  • 2020-09-15
  • BNS/TBT Staff
VILNIUS – Lithuania is considering facilitating conditions for Belarusian businesses to move to Lithuania by letting them open not only bank accounts while establishing an enterprise in Lithuania but also open accounts with e-money institutions, Vice Minister of Economy and Innovation Marius Skuodis says, adding that legal changes would be required to do so. Under the existing regulation, accounts for the establishment of a business in Lithuania can only be opened with companies having bank licenses. "We are really now actively analyzing, as ...
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