You can. There is no specific advantage per se. You can still be an Irish company, that is domiciled physically in Ireland and still have full ownership and operational control of your license. The only requirement as posted by the Bank of Lithuania (BOL) is that the CCO/MLRO (Chief Compliance Officer / Money Laundering Reporting Officer) has to be a Lithuanian native, ability to speak the Lithuanian language, and be physically based inside of Lithuania for reporting and operational purposes. The rest of the office/crew/ops can be outside of Lithuania.