Šulija & Partners

Šulija & Partners is a Lithuanian law firm that supports the licensing of payment institutions. It analyses the requirements, prepares the documents and represents the applicant before the competent authorities.

Services

Three lines of work are listed:

• support with licensing of payment institutions;
• preparation of documents;
• representation before authorities.

In practice the process starts with a review of the planned business model against the licensing requirements, continues with the application file and internal documents, and ends with contact with the supervisor while the application is examined. The profile does not name the regulator or give the licence category, so the exact route, such as payment institution or electronic money institution, is something to discuss at the start.

Markets

The firm works in Lithuania, a jurisdiction where many payment and fintech companies seek a licence to serve customers in the European Economic Area.

Who it suits

Šulija & Partners is relevant to fintech founders and payment companies preparing a Lithuanian licence application who want a law firm to coordinate the analysis, drafting and communication with authorities. Fees, timelines and named client cases are not published, so they should be requested before the firm is compared with other licensing advisers in the Baltics.