COMPANY IN LITHUANIA
Lithuania is one of the fastest-growing countries in the region, attracting investors from around the world with its innovative approaches and business-friendly environment
A company in Lithuania can be an excellent option for many entrepreneurs seeking alternatives with low taxes and openness to foreign investors. The country has effectively cultivated a friendly environment for foreign investors, supported by a stable banking system, a growing electronic services sector, and a pro-business tax attitude. Establishing a company in Lithuania is appealing for various businesses due to these advantages. For several years, Lithuania has ranked at the top of the “Doing Business” index among Baltic countries, achieving 11th place globally in 2020. In 2021, Thompson&Stein officially opened its office in Vilnius, providing on-the-ground support. Our team of lawyers and accountants assists foreign investors and helps with company formation in Lithuania."
Call to find out how to open a company in Lithuania
WHY START A COMPANY IN LITHUANIA?
A company in Lithuania is an attractive solution for many entrepreneurs who care about the possibility of remote operation of the company, highly developed technological infrastructure and a stable banking system. When establishing a company in Lithuania, we can count on low income tax - for small businesses it is only 5%, as well as a number of exemptions from income or property taxes. Lithuania effectively stimulates business development, so owning a company in Lithuania is a good solution for investors in many industries. With the introduction of special economic zones, a company in Lithuania is a good solution for investors looking for a place to locate their business.
By operating a company in Lithuania, we also gain a stable banking system that is accessible to entrepreneurs. Most of the Scandinavian banking groups are present locally.
The most common form of conducting business in Lithuania is the limited liability company (UAB). Entrepreneurs looking to establish a company in Lithuania have two options: registering a new company or purchasing a ready-made company. Buying a ready-made company in Lithuania is an ideal solution for those who prioritize a quick VAT registration process. For new companies, the VAT registration in Lithuania can take up to three months. The acquisition of shares in a company can be divided into several transactions, which do not require a notarial deed. Thompson&Stein offers support in both registering a business in Lithuania and purchasing a ready-made company that includes VAT registration and a bank account.
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BENEFITS OF OWNING A COMPANY IN LITHUANIA
REMOTE MANAGEMENT
of Your Company in Lithuania
APPLICABLE 5% CORPORATE INCOME TAX
for Small Businesses ( with revenue up to 300.00 EUR)
FAST COMPANY REGISTRATION IN LITHUANIA:
Within 14 Days
57 ACTIVE
Double Taxation Avoidance Agreements
A STABLE
Legal Framework
OPENNESS
to Foreign Investors
HIGHLY DEVELOPED
Technological Infrastructure
MEMBERSHIP IN THE EUROPEAN UNION
Euro as the Official Currency
OPTION TO OPEN A BANK ACCOUNT
with a Traditional Bank
COMPANY IN LITHUANIA - WHO IS IT FOR?
Before deciding to establish a company in Lithuania, it’s advisable to consult with our specialists. There isn’t a one-size-fits-all list of industries or entities for which registering a company in Lithuania is a good solution. Among our clients at Thompson & Stein are:
- Companies Complementing Holding Structures
- E-commerce Stores
- Businesses Related to New Technologies
- Enterprises in Transport and Freight Forwarding
- Startups
- Entities in the International Trade Sector
- Companies, Seeking Foreign Bank Accounts
- Firms in the Fintech and Cryptocurrency Industries
Conducting business in Lithuania can take forms other than a company. We also assist with the registration of branches and representative offices in Lithuania. This solution is most often chosen by entrepreneurs fulfilling contracts in Lithuania or those who, due to the nature of their activities, must comply with reporting and tax obligations in Lithuania.
PROCEDURE FOR ESTABLISHING A COMPANY IN LITHUANIA
Duration: Up to 14 Days
NEW COMPANY
Company registration in Lithuania without the need for your physical presence. You grant power of attorney to our lawyer, and we handle all the formalities for you. We provide comprehensive services for company registration in Lithuania.
01
Sign a contract with us
02
Grant Power of Attorney for Representation in Lithuania
03
We register the company according to your instructions, making you a shareholder
04
You receive a complete set of documents from us, including the company agreement, registration card, and confirmation of share acquisition.
Duration: Up to 30 Days
READY-MADE COMPANY IN SLOVAKIA
A ready-made company in Lithuania without the need for your physical presence. You can choose a company in Lithuania with a history or a registered company in Lithuania without a history. We provide comprehensive transaction support and assistance at every step.
01
Sign a contract with us
02
You select a company from those available in our offer.
03
Grant Power of Attorney for Representation in Lithuania
04
We facilitate the transfer of shares, changes in management, and name changes
05
After the registration of changes, you receive a complete set of company documents from us, including corporate and registration documents.
SCOPE OF SERVICES FOR COMPANIES IN LITHUANIA
Our firm, Thompson & Stein, provides your company in Lithuania with:
registering a new company or acquiring an existing one
provided by a team of experienced Lithuanian accountants
our office is located in Vilnius, the capital of Lithuania
according to Lithuanian law, only local residents have access to the electronic mailbox
receiving and scanning incoming correspondence
we assist with share transfer transactions and any changes to the company
we comprehensively and remotely handle the process of purchasing, technical inspections, and vehicle registration in Lithuania
if required by the nature of your business, we help you secure the necessary licenses and permits.
FIND OUT MORE
If you'd like to learn more, please send us the form. It will be forwarded to our customer support team, and we guarantee that we will respond to your inquiry within 24 hours (on business days).
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