Company registration
in Lithuania
Registering a company in Lithuania is a process that permits the establishment of a legal entity within the nation’s jurisdiction. The advantages of setting up a business in Lithuania are manifold, including access to the European market, competitive taxation, straightforward business regulations, and substantial investment protection. Depending on the specific nature, size, and objectives of your enterprise, the registration process can vary. Lithuania’s most popular legal entities encompass Joint Stock Companies (AB), Limited Liability Companies (UAB), and branch or representative offices of foreign corporations.
Cost
of service
of service
1 990 EUR*
Term of registration
in the registry
in the registry
7 days
Income
tax
tax
15%
Company
registration type
registration type
No personal visit
* The fees serve as informative indicators. Kindly reach out to the attorneys at Lawtter Solutions to ascertain the services encompassed within the registration fee.
Benefits
To successfully register a business in Lithuania, several prerequisites need to be met.
These include the preparation of foundational documents, the initiation of a bank account, payment of the requisite state fees, and submission of an application to the appropriate registration authority. Depending on the intricacies involved and the legal entity type chosen, this process could span from a few days to several weeks. Given the need for an in-depth understanding of local legislation and procedures, it is advisable to seek guidance from seasoned professionals.
Lawtter Solutions is one such company that offers comprehensive services for company registration in Lithuania. Our seasoned expertise extends across various business types. We assist our clientele in selecting the most suitable legal entity form, preparing all required documentation, establishing a bank account, procuring licenses and permits, and providing support throughout all stages of registration.
Benefits of Company Registration in Lithuania
Below are some compelling advantages of establishing a company in Lithuania:
Stability and Security
As a member of both the European Union and NATO, Lithuania ensures political stability and security.
Favorable Investment Environment
The Lithuanian government enthusiastically encourages investment and offers a variety of incentives for foreign entrepreneurs.
Advanced Infrastructure
Lithuania boasts superb transport and digital infrastructure, rendering it an appealing destination for businesses.
Competitive Tax Regime
Lithuania provides competitive corporate tax rates and various tax incentives for investment projects.
Highly Skilled Workforce
The Lithuanian education system produces highly qualified professionals, particularly in the technology and innovation sectors.
Strategic Geographical Position
Positioned at the heart of Europe, Lithuania offers convenient access to other European markets.
Efficient Bureaucracy
Lithuania’s company registration process and business operations are transparent and devoid of unnecessary bureaucratic hurdles.
Access to European Funds and Support Programs
Lithuania, being an EU member, provides businesses with access to numerous European funds and support schemes.
E-Government System
Lithuania has implemented an efficient e-Government system that conserves time and resources for businesses.
Thriving Startup Ecosystem
Lithuania is proactively fostering an encouraging environment for startups, including attractive initiatives for innovative international companies.
Company types
Embark on your entrepreneurial journey in Lithuania with Lawtter Solutions! We provide streamlined and efficient strategies for registering various legal entities in Lithuania. Allow us to guide you through the unique advantages of each:
Individual Company (IĮ)
Experience the freedom of being your own boss. Launch your enterprise immediately without sharing responsibility or profits. With an Individual Enterprise, you make the decisions, set the rules, and enjoy the fruits of your success. Lawtter Solutions is here to provide assistance every step of the way.
Private Limited Liability Company (UAB)
Navigate your risks deftly and expand your business at minimal cost. As early as tomorrow, you could be the founder of a UAB, attracting partners and investors. With our expertise, we can assist in drafting and reviewing agreements to secure your business interests. Lawtter Solutions ensures the legal robustness and integrity of your new venture.
Public Limited Liability Company (AB)
Is it time to elevate your business by going public? Lawtter Solutions will guide you through the AB registration process, enabling you to attract investment through public stock markets. We also provide comprehensive support to founders in navigating the complex landscape of public companies. Your future commences here.
One Partner Limited Liability Partnership (KŪB)
Embrace shared responsibility and seize fresh opportunities: Foster strategic alliances and partnerships for a more secure future. Our team will accompany you every step of this crucial journey.
All Partners, Limited Liability Partnership (TŪB)
Harness the power of collaboration for success! Unite with your partners, moving toward a shared goal by distributing responsibility and profits. At Lawtter Solutions, we ensure your path to success is as smooth and secure as possible, providing guidance on matters such as property rights and distribution within your partnership.
Shape your future in Lithuania alongside Lawtter Solutions. As your guide to Lithuanian entrepreneurship and your advisor for success, we provide unwavering support. Rest assured that we'll handle the complexities of the registration process, allowing you to focus on your business. Contact us today to clarify any questions regarding your business endeavors.
Prerequisites for Company Registration in Lithuania
So, what does it require for business registration online in Lithuania? Let’s delve into the details:
Director
Living in a world without borders, anyone, irrespective of nationality, can assume the position of director for a company or branch office in Lithuania, provided they are at least 18 years old. A single director is a minimum requirement, and Lawtter Solutions is poised to assist with your company management structure.
Shareholder
Lithuania promotes entrepreneurship with a policy of inclusive opportunities. Just like directors, shareholders can hail from any country, provided they are 18 years or older. A single shareholder is all it takes to get started. Let Lawtter Solutions help you unlock new horizons.
Address
We’re on hand to help you find an ideal location for your Lithuanian company. The one necessity is that the company’s legal address be situated within Lithuania.
Name
Uniqueness matters! We’ll help you craft a distinctive name for your company, adhering to local laws and regulations. For instance, Limited Liability Companies always conclude with ‘UAB’, Limited Partnerships with ‘KŪB’, and General Partnerships with ‘TŪB’.
Authorized Capital
Your business merits your investment. The minimum authorized capital in Lithuania stands at a mere 2,500 euros, establishing stability from your investment.
Local Account
Local regulations necessitate a temporary Lithuanian bank account for depositing the authorized capital. Post-registration, the account can be opened in any country.
Registration Agent
While it’s not obligatory to have a registration agent in Lithuania, at Lawtter Solutions, we’re always primed to offer our assistance and support.
Reporting
We can aid in organizing, preparing, and filing your reports in compliance with Lithuanian law.
Select Lawtter Solutions - choose a trustworthy partner on your journey to entrepreneurial success in Lithuania.
Tax Structure in Lithuania
The tax system in Lithuania is designed to ensure equitable and comprehensive taxation for all. As such, establishing companies in Lithuania is both a beneficial and convenient strategy. Let’s examine the key elements:
Global Taxation
Lithuania employs the principle of global taxation, which implies that a company’s tax obligations are determined based on its worldwide income, regardless of where the services are rendered or the company’s structure. The team at Lawtter Solutions can guide you through these nuances, ensuring your tax processes are handled accurately.
Profit Tax
The standard corporate income tax rate in Lithuania is a modest 15%. With Lawtter Solutions, you’ll see how straightforward and transparent tax management can be.
Withholding Tax
Lithuania imposes a 15% withholding tax on source income. However, we can assist you in optimizing your tax liabilities, ensuring you benefit from the most favorable conditions.
Value-Added Tax (VAT)
While the standard VAT rate in Lithuania stands at 21%, don’t be disheartened! Depending on your business specifics, the rate could be reduced to 9%, 5%, or even zero. Lawtter Solutions is here to unveil all the avenues for tax optimization.
Opt for Lawtter Solutions and explore the ease and efficiency of tax administration in Lithuania. Not only will we assist with company registration, but we will also provide comprehensive legal support throughout your business journey. Contact us today.
Financial Reporting in Lithuania
Managing financial reporting in Lithuania becomes an effortless and secure process with Lawtter Solutions. We ensure your company’s full compliance with the law while handling the limitations and deadlines effectively. Here’s what you need to consider:
Reporting Period
In Lithuania, the reporting period for a company spans 12 months, although it may not align with the calendar year. If you opt to adjust the reporting period, our team of experts will prepare and submit the necessary resolution to the authorities, clarifying the reasons behind your decision.
Account Preparation
The accounts must be prepared, signed by the director and accountant, and subsequently approved by the board of shareholders within four months after the accounting period concludes. Lawtter Solutions guarantees timely and accurate preparation of your company’s accounts.
Account Submission to the Registry
Accounts must be submitted to the registry within a month from the date they are accepted by the shareholders. We assure legal assistance and prompt submission of your company’s accounts.
Account Audit
If your company either has a turnover of €3.5 million, employs more than 50 personnel, or holds total assets of €1.8 million, an auditor’s review of your accounts is mandatory. We collaborate with seasoned auditing firms to certify your accounts are accurate and trustworthy.
VAT Reporting
We can assist you with VAT registration if your company intends to transact with individuals or if its annual income surpasses €30,000. We assure the timely preparation and filing of VAT returns every month by the 25th.
With Lawtter Solutions, you can have absolute confidence in the precise and prompt reporting of your company in Lithuania. Contact us today, and let us manage all aspects of your reporting so you can concentrate on expanding your business.
Registration
companies
companies
Company incorporation process in Lithuania
We promise a straightforward and dependable process for the incorporation of the company in Lithuania. Let’s delve deeper into the specifics:
Due Diligence and KYC Verification
Our team will conduct exhaustive research, document verification concerning your proposed activities and company structure, as well as performing KYC verification with company members. This ensures your prospective company is legally sound and trustworthy.
Company Name Verification
We will corroborate the uniqueness and availability of your chosen company name with the Registrar of Companies, ensuring your selected name is both distinctive and compliant.
Preparation of Registration Forms and Documents
We will assist you in collating all the essential documents and readying registration forms for submission to the Registrar of Companies. Our team of experts ensures all stipulations and regulations are met.
Filing of Documents with the Registrar of Companies
We will prepare all required documents and submit them to the Registrar of Companies for further processing and inclusion of your company details. Rest assured, all processes will be conducted in strict adherence to the law and with utmost professionalism.
Preparation of Corporate Statutory Documents
We will do all mandatory corporate statutory documents for your newly registered company. All documentation will meet Lithuania's requirements and standards.
Partnering with Lawtter Solutions assures simplicity, efficiency, and security in your company’s registration process in Lithuania. Contact us at your earliest convenience, and we’d be delighted to help you transform your business aspirations into reality.
Below is a list of the documents required for registration:
- Proof of Identity: We will accept a copy of your passport or national identification as proof of identity. We will ensure your personal ID is fully compliant and assist you in compiling the necessary documentation.
- Proof of Residential Address: To confirm your residential address, we will accept a utility bill no older than three months (cell phone bills are not accepted) or a bank statement. We’d be more than happy to help you select the appropriate document and prepare it for registration.
At Lawtter Solutions, we guarantee total confidentiality and security for your documents.
Question — answer
FAQ
With Lawtter Solutions, registering a company in Lithuania is a seamless process. We will guide you through every step, from filling out the application form on our website to providing the necessary documentation. We will conduct due diligence, verify your documents, prepare the necessary forms, and submit them to the Registrar of Companies on your behalf. By working with Lawtter Solutions, you can establish your company in Lithuania without physically being in the country.
At Lawtter Solutions, we require several pieces of information to form a company in Lithuania. This includes your chosen company name, details about the company’s director(s) and shareholder(s) (who can be a citizen of any country), and the company’s legal address in Lithuania. Additionally, we need information about the company’s authorized capital and local account details. We also require an identity document and proof of residential address for due diligence and Know Your Customer (KYC) verification purposes.
The cost of establishing a company in Lithuania can vary based on several factors such as the type of company, selected services, and documentation requirements, and it starts from 1950 euros. For accurate information about the cost of setting up a business in Lithuania, it’s recommended to consult with Lawtter Solutions. The term of registration is 7 days. Our firm provides an individual approach to each client and can calculate the cost based on your specific needs and requirements.