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.
1 990 EUR*
7 days
15%
No personal visit
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
Favorable Investment Environment
Advanced Infrastructure
Competitive Tax Regime
Highly Skilled Workforce
Strategic Geographical Position
Efficient Bureaucracy
Access to European Funds and Support Programs
E-Government System
Thriving Startup Ecosystem
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.
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
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
Company Name Verification
Preparation of Registration Forms and Documents
Filing of Documents with the Registrar of Companies
Preparation of Corporate Statutory Documents
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.