Lithuania currently positions itself as a comfortable state for entrepreneurship. The successful development of a market economy model favorably influences the development of business in the country. As a member of the European Union, Lithuania is developing steadily and confidently, adopting positive experiences from market leaders.

Many entrepreneurs who have decided to do business in Lithuania prefer to open company accounts with the Wittix payment system. The system operates under an EMI license. All financial transactions are carried out in accordance with Lithuanian legislation.

What are the advantages of Wittix

• A multi-currency account that supports 75 currencies;
• A non-resident account in Europe with EURO IBAN accounts;
• Support for payments via PayPal and Stripe to your Wittix account;
• IBAN account for personal and business accounts and SEPA payments.
• Wittix plastic and virtual cards;
• No account opening fees and monthly payments for residents of the European Union and the European Economic Area;
• Licensed and regulated in Lithuania.

How to open an account with Wittix

To open a personal account with Wittix, you need to:

• Fill out an online registration form;
• Provide a high-quality color photo of your passport;
• Confirm your address in Lithuania (this can be utility bills no older than 90 days);
• Pass the verification process in real-time.

To open a business account with Wittix, additional documents are required:

• Certificate of registration, memorandum, and articles of association of the company;
• License or its URL, if the activity is licensed;
• Other corporate documents, depending on the country of registration;
• Supporting documents about clients/suppliers (such as invoices, contracts, draft contracts);
• Documents for initial funding (if the first transfer is made from an existing corporate bank account, a bank statement is required, or if the first transfer is made from your client – an invoice or contract).

If you want to quickly and reliably open an account with a European payment provider, contact IT-OFFSHORE specialists.