Blockchain Share Register For Non-EU Companies Planned By Lithuania

Announcements, Blockchain | April 18, 2018 By:

The government of Lithuania is planning to create a blockchain system for overseas businesses to remotely register and manage their company in the European Union. The plan has been endorsed by the Bank of Lithuania, the country’s central bank.

The blockchain system would allow Virtual Limited Liability Companies (VLLC) to gain access to Lithuania’s innovation-friendly sandbox regulatory system that helps newcomers to set up operations.