WALLESS

WALLESS is a Baltic law firm that supports fintech licensing and ongoing compliance in Estonia, Latvia and Lithuania. Its website describes work on EMI and payment institution (PI) projects as well as MiCA and CASP projects, including the firm's own descriptions of its work for AlphaRoute and Micar Assets.

Services

The listed services are two: fintech licensing, covering EMI/PI and MiCA/CASP, and legal support with compliance. The first is the route to obtaining an authorisation as an electronic money institution, a payment institution or a crypto-asset service provider under the MiCA regulation. The second covers the continuing obligations that follow a licence.

Markets

The firm names three Baltic countries: Estonia, Latvia and Lithuania. The profile does not give registration numbers, regulators or fee levels, and the client cases are the firm's own statements, so the extent of its role in each should be confirmed.

Who it suits

WALLESS is relevant to payment companies, EMIs and crypto-service providers that want a licence in one of the Baltic states, and to licensed firms looking for outsourced legal and compliance support in the same region. Teams comparing Baltic jurisdictions can ask the firm how requirements differ between the three countries.