{"id":19631,"date":"2023-08-15T16:11:22","date_gmt":"2023-08-15T13:11:22","guid":{"rendered":"https:\/\/stage.www.cobalt.legal\/?p=19631"},"modified":"2023-08-15T16:12:53","modified_gmt":"2023-08-15T13:12:53","slug":"fintech-obligations-after-licencing-360-overview","status":"publish","type":"post","link":"https:\/\/www.cobalt.legal\/lt\/news-cases\/fintech-obligations-after-licencing-360-overview\/","title":{"rendered":"FinTech Obligations After Licencing: 360\u00b0 Overview"},"content":{"rendered":"

The newest statistics show that there are 210 FinTech companies operating in Lithuania at the end of year 2019. These companies have already encountered that after the receipt of a licence, a completely new era of obligations and opportunities begins. FinTech businesses must set up a number of processes to meet all legal obligations, reporting, taxation, risk management and are required to think of creative solutions to develop their operations. In addition, the Bank of Lithuania constantly increases requirements that each FinTech entity must comply with. Consequently, as of 1st<\/sup>\u00a0June, several new obligations will be imposed on FinTech companies.<\/strong><\/p>\n

In this webinar\u00a0we have gathered experienced FinTech lawyers, tax experts and financial advisors to share their experiences and insights on opportunities and challenges for FinTech businesses in Lithuania in post-licencing era.<\/p>\n

Topics to be addressed at the webinar:<\/strong><\/p>\n

(a) Main legal aspects to be considered by FinTech once a license is issued.<\/p>\n

(b) Overview of newly adopted regulatory requirements for Fintech.<\/p>\n

(c) What changes take place in financial accounting, reporting and tax areas once you get a financial institution license? Key areas to think about in advance:<\/p>\n

– Reporting to the Bank of Lithuania;<\/p>\n

– AEOI (Automatic Exchange of Information) obligations;<\/p>\n

– VAT impact for financial institutions and VAT application on financial services.<\/p>\n

(d) Risk management in Fintech. Notes from internal auditor.<\/p>\n

Participants:<\/strong><\/h3>\n

Akvil\u0117 Bosait\u0117<\/a>\u00a0<\/strong>is a Partner and Co-Head of the Banking and Finance Practice Group. She has specialised in banking, finance, investment funds, project financing, restructuring of financing, securities and M&A for over fourteen years. Akvil\u0117 Bosait\u0117 is a recommended expert in finance law by international law firm directories. She holds a Master\u2019s degree in Law from Vilnius University and an LL.M. from Erasmus University, Rotterdam (The Netherlands).<\/p>\n

Justina Mila\u0161auskien\u0117<\/strong>\u00a0is a Senior Associate in the Banking and Finance Practice Group. She has advised Lithuanian and foreign clients on dispute resolution, regulatory, banking and finance, and corporate law matters. Justina has a Master\u2019s degree in Law from Vilnius University, a Master\u2019s degree in International Business and Law from International Business School at Vilnius University, studied in Gent University, Belgium, also broadened her experience while working as a visiting lawyer in the Manchester office of a leading law firm Eversheds LLP.<\/p>\n

Linas Liktorius<\/strong>, Director at Tax Advisory, KPMG. Linas leads financial sector related projects and helps both traditional financial institutions as well as fintech in meeting their needs. His area of expertise covers various reporting and tax matters including VAT (value added tax), CIT (corporate income tax), international taxation, tax administration, etc. Linas utilizes innovative tax technologies and tax transformation tools to meet arising challenges and trends in a tax and reporting field. In addition, he contributes to improve the tax legislation and Lithuanian investment climate by participating in working groups or commenting on legislation drafts.<\/p>\n

Vaidas Repe\u010dka<\/strong>, Head of financial advisory at Grant Thornton Baltic.\u00a0Vaidas Repe\u010dka is a financial advisor with extensive practical experience in corporate finance management. He had numerous assignments like IFRS implementation, actuation of ERP systems, financial planning, budgeting and control, real estate projects management and exits, couple of demergers and M&A.<\/p>\n

The webinar is free of charge and will be held in English.<\/strong><\/p>\n

You will be able to access the live broadcast by clicking on the following link:\u00a0http:\/\/cobaltlive.zoomtv.lt\/<\/a><\/p>\n

REGISTRATION:<\/strong><\/h3>\n

IMPORTANT: You must register for the streaming link, as the webinar will only be available to registered participants >>\u00a0http:\/\/cobaltlive.zoomtv.lt\/<\/a><\/p>\n

Please be advised that the personal data provided in this form will be processed as set out in this Informational Notice >>\u00a0https:\/\/bit.ly\/2q3LM87<\/a>. You should familiarise yourself with it before submitting your data.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The newest statistics show that there are 210 FinTech companies operating in Lithuania at the end of year 2019. These companies have already encountered that after the receipt of a licence, a completely new era of obligations and opportunities begins…<\/p>\n","protected":false},"author":5,"featured_media":21251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"country":[92],"class_list":["post-19631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-lt","country-lithuania-lt"],"acf":[],"yoast_head":"\nFinTech Obligations After Licencing: 360\u00b0 Overview | COBALT<\/title>\n<meta name=\"description\" content=\"FinTech Obligations After Licencing: 360\u00b0 Overview. News. Naujienos. Jaunumi. 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