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Having a competent MLRO among the permanent residents of Lithuania is a prerequisite for obtaining a crypto license in Lithuania and ensuring proper operation of the crypto exchange service. One of the primary duties of a Compliance Officer in a Lithuanian blockchain project is tracking cryptocurrency transactions and communicating with the regulatory body FNTT.

MLRO (Money Laundering Reporting Officer), also referred to as AML Officer or Compliance Officer, is the responsible person in a fintech project or crypto company who is involved in risk management in the field of combating money laundering and terrorist financing.

The process of obtaining e-Residency status in Estonia is relatively straightforward and consists of a few steps. To acquire e-Residency status in Estonia, one needs to complete an online form on the official program website, pay the fee, and, once approved, collect the e-Residency card at a pre-selected Estonian overseas representation.

Estonia is one of the most comfortable and efficient jurisdictions in Europe for establishing a company and developing your business, as the local taxation system is characterized by its simplicity and transparency. The main advantage of the business environment and tax policy in Estonia is the corporate tax rate on undistributed profit, which is 0%.

Company registration in Lithuania provides many opportunities for business development in the European Union, as Lithuania offers a favorable economic environment, attractive tax conditions, and access to the single market of the European Union.