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Overview
Incorporation: 3 working days + delivery time for the courier
Minimum shared capital: EUR 2500
Overview
Modern financial infrastructure and favorable legislation makes Lithuania one of the most attractive places to investment managers targeting single European financial market.
Lithuania has benefited from EUR180 million per year of European Union (EU) assistance and development funds since joining the EU in 2004. This has helped modernize the country’s economy. Lithuania is a member of the EU’s Schengen Area.
Advantages of Limited Liability Company in Lithuania:
- – European Union membership and geographic location
- – Convenience in registering a new company
- – New technologies environment
- – A beneficial tax environment
- – Favorable economic environment
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Name Check |
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Company Incorporation |
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Local secretary |
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Government fees |
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Registered office for 1 year |
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Delivery of original documents |
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Apostilled documents |
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Nominee director and shareholder |
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Total amount: |
€2,300 |
€3,000 |
€4,000 |
Comprehensive Guide to Company Incorporation
General information
Company structure
- ▪ At least one shareholder
- ▪ Only one director (also could be an executive body, which is the board)
Taxation
- ▪ The tax should be calculated, declared, and paid by an employer
- ▪ Income tax in Lithuania is 15%
- ▪ If the average number of employees in the list is up to 10 people, and income of taxing period does not exceed 1 million Litas
The general VAT rate in Lithuania is 21%
Registered office
Required
Company name
- ▪ Letters: Only Latin letters
- ▪ Company name is restricted to be identical or similar that of an existing company
- ▪ Company name should comply with the legal and linguistic standards of Lithuania
- ▪ The name of the public limited liability company must include the words “akcinė bendrovė” (public limited liability company) defining its legal form or the acronym “AB”. The name of the private limited liability company must include the words “uždaroji akcinė bendrovė” (private limited liability company) defining its legal form or the acronym “UAB”.
Incorporation
- ▪ Preparation of the incorporation documents
- ▪ Bank account opening
- ▪ Filing the documents with the Trade Register
- ▪ Tax and VAT registration
- ▪ Employment and social security registration
Please provide us with the following documents and data:
Incorporation
- ▪ A notarized copy of valid passport (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
- ▪ A copy of proof of residential address (ex. utility bill of each Shareholder, Director, Beneficial Owner, Authorized Signatory that is not older than 3 months) in English
- ▪ Optional: A notarized copy of Bank reference (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
- ▪ Optional: CV (of each Director and Shareholder)
N.B.
- ▪ If Shareholders and/or directors are legal persons, then it is required to submit full set of apostilled company documents and certificate of Good Standing.
- ▪ If documents are not in English language or language, they must be accompanied by a notarized translation.