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Opening an account in Newrails payment system (Lithuania)
- Price:500 EUR
- Term:from 3 days
Newrails LTD (formerly Ambr Payments) is a licensed European EMI providing IBAN accounts for businesses and individuals within the EU. The company is regulated by the Bank of Lithuania, has been operating since 2020, and specializes in business payments, including clients with complex structures or elevated risk profiles. The company also holds a VASP license in the Czech Republic.
A distinct strength of Newrails is working with B2B clients where directors, UBOs, or shareholders are non-EU residents. If your business has previously faced bank refusals due to citizenship, residency, or the jurisdiction of its corporate structure — this is precisely the type of case where a solution exists. The company opens business accounts for low-, medium-, high-, and even ultra-high-risk categories.
Newrails also actively works with individuals — migrants, expats, and freelancers — who are not EU residents but require a legitimate European IBAN account for living and working purposes.
- Prepaid or virtual payment cards are available.
- IBAN accounts (EUR currency), multi-currency accounts, and digital wallets are offered.
- Crypto-asset services are provided.
- International transfers via SEPA, SWIFT, internal transfers, and mobile payments are supported.
- Newrails assigns each user a tariff plan category during registration in accordance with its internal procedures.
- The platform supports stablecoins — allowing instant conversion between EUR and EURW.
- Dedicated account manager services are available for an additional fee.
The payment system opens accounts for legal entities from the EU, the UK, the Asia-Pacific region, the Americas, and Africa, except for sanctioned countries. Different risk groups are serviced: business accounts are available for low, medium, high, and ultra-high-risk categories. The system is oriented toward fintech companies, traders, and freelancers.
Personal, business, and merchant accounts are available.
No personal visit is required to open an account — the entire process is completed fully online, from application submission to account activation.
Please note that in accordance with international account opening standards, every payment institution must follow KYC procedures. Therefore, documents and information confirming identity, business activity, and source of funds will be required for verification. The financial institution may also, at its sole discretion and in accordance with its internal policies, refuse cooperation without providing reasons.
To avoid potential negative outcomes, it is advisable to consult specialized lawyers prior to opening a foreign account. We will guide you through all nuances of opening an account with Newrails UAB (Lithuania).
For a Personal Account:
- Passport
- Proof of address (issued within the last 3 months)
- Proof of source of funds
For a Business Account:
- Company incorporation documents (extract issued within the last 6 months)
- Articles of Association or Power of Attorney for the authorized signatory
- Documents confirming ownership structure and UBO
- Passports of the director and beneficial owners
- Proof of address of the director and UBO (issued within the last 3 months)
- Business description, counterparties, and financial flows
- Financial documents (bank statements / reports)
- Contact details of the director and UBO
The payment institution may request additional documents within the framework of compliance procedures if necessary.