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Offices| Aspect | Details |
|---|---|
| Timeline | The timeline for obtaining a Company formation in Lithuania typically takes around 5 to 7 working days. |
| Benefits |
The benefits of obtaining a company formation in Lithuania are as discussed below:
|
| Documents Needed |
The documents needed to apply for company formation in Lithuania are provided below:
|
| Eligibility Criteria |
The eligibility criteria required for company formation in Lithuania are as follows:
|
| Types |
The types of business structure in Lithuania are as follows:
|
| Top Businesses Seeking Company Formation in Lithuania |
The top businesses seeking company formation in Lithuania are as follows:
|
| Process |
The process to obtain a full company formation in Lithuania is as follows:
|
| Post-Company Registration Compliance Requirements |
The post-company registration compliance requirements are as follows:
|
| How Enterslice Can Help You? |
|
Connect Enterslice to establish your presence in one of Europe’s most business-friendly destinations with reliable solutions for company setup in Lithuania.
Lithuania, the largest of the Baltic states, offers an attractive business environment and seamless professional services for company formation in the country. With a well-established legal framework and a commitment to promoting a business-friendly climate, the Republic of Lithuania provides a strong foundation for investors and companies looking to establish their presence in the region.
Online company registration in Lithuania, known for its fintech hub, highly skilled, and multilingual talent pool, is considered one of the most popular places in the Baltic European region. As a recognized haven for financial companies and fintech ventures, the Lithuanian jurisdiction offers a wide range of services that cater to the evolving needs of modern businesses.
With a digital-first government, fast incorporation procedures, and a world-class infrastructure, Lithuania ensures seamless company registration without bureaucratic delays. Partner with us to start your business in Lithuania, offering a complete remote setup with no hidden charges!
EU member with access to the European single market
Attractive 15% corporate income tax
0% tax on reinvested profits (for small companies)
Double taxation treaties with 90+ countries
Strategic location connecting Western and Eastern Europe
Top-ranked fintech hub in the EU
Digitally advanced government services
Skilled, multilingual, and highly talented pool of workforce
No minimum capital for small private limited companies
Allowed 100% foreign ownership
The various types of structures for company setup in Lithuania, each differing based on the liability protection, tax implications, ownership flexibility, and compliance requirements, as discussed below:
A sole proprietorship is a form of business setup that operates as an individual, where the owner is personally responsible for the liabilities of the business.
A general partnership, also known as Tikroji ukine bendrija, i.e., TUB, is a form of legal business setup where two or more individuals share the responsibilities, profits, and losses.
A limited partnership, also known as Komanditine ukine bendrija, i.e., KUB, is a form of legal business setup that requires at least one general partner and one limited partner for company formation in Lithuania.
A small partnership, also known as Mazasis Beisbolas, i.e., MB, is a form of business setup where the company requires a minimum of 10 members, which is specifically designed for small business owners looking for limited liability.
A public limited liability company, also known as Akcine Bendrove, i.e., AB, is a form of business setup that offers access to issue shares like a joint stock company, mainly suitable for larger businesses than raising a share capital.
A private limited liability company, also known as Uzdaroji Akcine Bendrove, i.e., UAB, is one of the most common business setups that requires a minimum share capital and limited liability based on the amount of share capital contributed.
A branch office is an extension of a foreign company, permitted to perform or conduct trade activities as set out or predetermined by its foreign company.
A representative office is a limited form of business presence in Lithuania that ensures carrying out market research and promoting the parent company’s business in the region.
The procedure to register a company in Lithuania ensures compliance with the following steps, as discussed below:
Initially, the entrepreneurs must choose an appropriate type of business structure, varying based on their specific business needs for the company formation.
The next step requires the entrepreneur to check the availability and reserve a unique company name in the Register of Legal Entities in Lithuania.
In the next step, the entrepreneur must prepare and notarize documentation through a notary public to gain the authenticity of documents used for company formation in Lithuania.
Company formation in Lithuania further requires the appointment of a board of directors at the time of company formation, varying based on the type of business structure.
For the successful completion of the company formation in Lithuania, the entrepreneurs are required to submit the company registration documents, along with prescribed fees, to the Register of Legal Entities in Lithuania.
Upon successful completion of the registration process, the entrepreneurs receive a business code from the Register of Legal Entities, ensuring the free operation of business activities.
For the Lithuania business incorporation, you require registration for taxation with the State Tax Inspectorate, and also a VAT number registration for your company.
The company formation in Lithuania further requires you to open a corporate bank account in Lithuania and deposit the required share capital as outlined in the Articles of Association..
If your company has employees, then you need to get registered for social security with the State Social Insurance Fund Board..
The timeline for online company registration in Lithuania, which is relatively fast and streamlined, typically takes around 5 to 7 working days, as discussed below:
The reservation of a company name with the Lithuanian Centre of Registers usually takes around 1 working day.
The preparation and submission of incorporation documents usually takes around 1 to 2 working days, assuming no additional notarization is required.
Once all the documents are submitted, the registration process takes around 1 to 3 working days via the electronic registration system of Lithuania.
The time taken to open a business bank account, depending on the bank’s KYC procedures, takes around 1 to 2 working days.
The time taken for obtaining a voluntary VAT registration with the State Tax Inspectorate might take up to 3 days.
These are the documents needed for obtaining a business license in Lithuania, as mentioned below:
Application for company registration
Notarized copy of Articles of Association (AOA)
Declaration of consent for setting up a company
Identification and address proof of the shareholders and directors
Confirmation or letter for deposit submitted to the bank
Details of the minutes of the founding and statutory meeting
Confirmation of share registration with the Securities Commission
Copy of the incorporation agreement or the act of incorporation
Company report and auditor’s opinion
Details of the registered legal address of the company in Lithuania
Notarized copy of the power of attorney (if needed)
Lithuania offers several advantages for foreign investors looking to establish a company, making it an attractive destination for business incorporation in the region. Have a look at the following advantages of Lithuania business incorporation, as discussed below:
As a member of the European Union, Lithuania offers companies direct access to the EU Single Market, offering vast opportunities for trade, investment, and business expansion across the European economic landscape.
Lithuania offers a supportive business climate with a transparent legal system, stable political and economic policies, and a pro-business atmosphere, making it an ideal destination for company formation.
Lithuania, having strong investments in modern technology, is becoming a thriving tech hub for innovation and digital development, offering a perfect environment for businesses and innovation-led startups.
Lithuania offers relatively low corporate tax rates, making it an attractive destination for businesses and foreign investors looking to maximize profits for conducting business in Lithuania.
Lithuania provides access to a highly skilled, multilingual, and educated labour force, giving easy access to top talent across sectors like tech, finance, and manufacturing. It is one of the benefits of Lithuania business incorporation.
Lithuania offers access to strong financial resources and banking services, including government grants, EU funding, and support from local and international banks, making it easier for company formation in Lithuania.
Lithuania, which has a transparent and efficient legal system, reduces business risks and creates a reliable foundation for investors seeking company formation within the region.
Lithuania, being strategically located at the crossroads of important trade routes between Eastern and Western Europe, provides access to a large EU market and other Baltic countries.
The legal requirements for company registration in Lithuania are as discussed below:
The list of the top 10 industries and businesses permitted for company setup in Lithuania is provided below:
Top 10 Industries Best for Company Setup in Lithuania
Top 10 Businesses Permitted for Company Setup in Lithuania
Once your company is successfully registered, the entrepreneurs must adhere to post-corporate compliance requirements for company formation in Lithuania, as discussed below:
The difference between the two major pathways, namely, standard company registration and Employer of Record, used for company formation in Lithuania, is discussed below:
| Aspect | Standard Company Registration | Employer of Record (EOR) |
|---|---|---|
| Definition | Standard company registration is a process that ensures direct incorporation of a legal entity, such as a UAB in Lithuania. | Employer of Record (EOR) is a third-party service that hires employees for business setup on behalf of your company. |
| Ownership | It enables full control and ownership over the operations and finances of the business. | It enables hiring employees for managing the work responsibility and employment compliance in Lithuania. |
| Control | Provides complete operational and financial control. | Provides operational control over employees while handling administrative and legal tasks. |
| Compliance Responsibility | Ensure compliance with local laws and regulations. | Ensures compliance with labour laws, taxes, and reporting requirements. |
| Scalability | Ideal for long-term, substantial physical operations. | Highly flexible for scaling a workforce without forming a legal entity. |
| Tax & Social Security Filing | Tax and social security filing is directly managed by the company | The tax and social security compliance is not handled by the company, but the Employer of Record (EOR). |
Enterslice is a reputed firm with consultants who have over a decade of experience in global business incorporation, assisting thousands of clients in expanding into new markets. Here are some of the reasons why Enterslice is the most preferred partner for Lithuania business incorporation:
Have a look at the following answers to the most asked questions:
Yes, it is necessary to have a local representative for the company incorporation in Lithuania, especially if none of the company’s directors are residents of the European Economic Area (EEA).
The minimum statutory share capital required for company formation in Lithuania is Euros 2500, varying based on the type of business structure. However, a UAB requires a minimum share capital, but a sole proprietorship doesn't have any minimum share capital requirements.
Yes, a local registered office address is required for company registration in Lithuania. While you don’t necessarily need to operate your business from that address, it’s a mandatory requirement for the registration process itself.
No, travel is not mandatorily needed for company incorporation in Lithuania. However, you can remotely, either by using a local representative or by using a method where the company is initially registered to a representative and then transferred to you, register a company in Lithuania.
It typically takes around 5 to 7 working days, varying based on factors like completeness of required documentation, specific type of business entity, and other factors, to register a company in Lithuania.
Yes, a foreign national is eligible to register a company by ensuring compliance with the visa and residence permit requirements as specified under the laws of Lithuania.
In Lithuania, companies must be registered with the State Enterprise Centre of Registers (Registrų centras).
Yes, the Lithuanian-based company exceeding the annual turnover threshold value of €45,000 must obtain a VAT number.
The present corporate income tax rate in Lithuania is 15% which has been increased to 16% from January 1st, 2025. However, the small and agricultural companies in Lithuania apply a reduced corporate income tax rate of 0% or 5%, now increased to 0% or 6% from January 1st, 2025, if certain conditions are fulfilled.
The ongoing obligations of the registered company include compliance with tax regulations, submitting accounting records, and adhering to accounting requirements as specified under the laws of Lithuania.
Yes, Lithuania, which offers several advantages as discussed below, is considered a good place for business setup:
Lithuania’s biggest industry is the manufacturing industry, particularly in areas of chemicals, machinery, and electronics. Additionally, the ICT sector has also been a significant contributor to the Lithuanian economy.
The currency in Lithuania is the Euro, which is divided into 100 cents. When you are buying currency for Lithuania, you need to look for the currency code EUR, symbolized as €.
As a rule, the worldwide income of the Lithuanian resident is taxable in Lithuania. The individual working abroad must file an annual income tax return and an income report earned in the foreign country or jurisdiction.
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