Opening an account in the PAYLAR payment system (Lithuania)
Cost for the private persons from 400€
Cost for the legal entities from 400€
Opening Term: from 5 working days
Remotely: yes
Cost for the private persons from 400€
Cost for the legal entities from 400€
Opening Term: from 5 working days
Remotely: yes
PAYLAR UAB is a licensed electronic money institution (EMI) registered in Vilnius, Lithuania, and controlled by the Bank of Lithuania. The payment system provides international companies and private entrepreneurs (including Ukrainian sole proprietors and legal entities) with access to European IBAN accounts, fast SEPA and SWIFT transfers, as well as remote financial management through convenient online banking.
PAYLAR is suitable for businesses in the field of IT, marketing, e-commerce, logistics, trading, consulting, providing secure service and favorable rates.
Contact Maira Consult today - our specialists will prepare documents, accompany you at all stages and ensure fast and reliable account opening in PAYLAR UAB.
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Remote account opening procedure
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Access to a unique European IBAN, fast SEPA and SWIFT transfers
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Fast onboarding solution: account opening is possible in 4 business days
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Licensed financial institution in Lithuania (EMI), operating under the control of the Bank of Lithuania
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Possibility to open an account for Ukrainian sole proprietors, legal entities and international companies
Personal and multi-currency business accounts with the ability to receive and send SEPA and SWIFT payments.
Not required.
Account opening: from 200 EUR (EEA) / 500 EUR (non-EEA, including Ukraine). Account maintenance: 0 EUR. SEPA payments: from 10 EUR. SWIFT payments: from 35 EUR. Commission for the balance over 30,000 EUR: 0,55%. Account closure: 50 EUR.
Paylar payment system website - www.paylar.com
At the first stage, a full package of documents confirming the company's legal status, ownership structure and director's powers is formed. Personal documents of the ultimate beneficial owner (UBO) and director are also prepared.
After collection, all materials are checked by Maira Consult lawyers and preliminarily evaluated by PAYLAR specialists. This helps to identify possible drawbacks and prepare the client for the further procedure, reducing the risk of refusal to open an account.
The corporate package is officially submitted to PAYLAR UAB to start the account opening process. It is important that all documents are correctly executed.
The director and UBO go through online verification, which confirms their identity and the right to manage the account. The procedure includes video identification, uploading copies of documents, and confirming personal data. If necessary, other authorized persons of the company are also checked.
This is the key stage when PAYLAR conducts a full analysis of the company: origin of funds and financial flows; scope of activity and counterparties; compliance with international AML/CFT standards; verification of the absence of links with sanctioned or military goods. Only after successful completion of compliance can the account be opened.
After approval, the client receives a European IBAN account with access to a modern online banking system. From this moment, the company can make SEPA and SWIFT transfers, accept international payments, and use all the features of the PAYLAR payment system.
Phone
+380 97 527-66-30Client Relations Department
+380 73 427-66-30Address
Kyiv, 01054, Ukraine,
40B Ivan Franko St., office 207
