FK Vilnius club as an entity was founded in January 2019.[1] The club created a venture with Baltijos Futbolo Akademija (BFA), which had been participating in I Lyga. BFA successfully went through the licensing process in order to acquire the 2019 I Lyga license. After BFA was granted the license, it requested name change to FK Vilnius.[2] FK Vilnius are playing in I Lyga under BFA licence.
At the beginning of the 2020 LFF I Lyga season Baltijos Futbolo Akademija and FK Vilnius have split up. BFA licensed to I Lyga, whilst FK Vilnius intends to participate in II Lyga. The club owners remain ambitious, a youth football academy "Vilnius Kickers" was established.[3]