Opening an Account in a Bank in Lithuania

To live or perform trading activities in Lithuania, you will need to open an account in this country. Individuals need it in order to make current payments, purchases, and any financial transactions in euros. Without an account and a bank card, it’s not possible to apply for a residence permit or citizenship. As for legal entities, opening a bank account in Lithuania will allow them to sell goods and provide services in any EU country, getting payments on favorable terms to a Lithuanian account. Lawtter Solutions will help clients open a bank account in the Lithuanian jurisdiction.
The cost
of the service

1 000 EUR*

Term for opening
a bank account
1-3 months

opening type
No personal visit
* The cost is indicative; contact Lawtter Solutions’ lawyers to inquire about the cost of opening an account with the selected bank.
Opening an account

General information

Licenses for financial institutions in Lithuania are issued by the main supervisory authority – the Bank of Lithuania. It exercises control over institutions and sets requirements that companies must meet.

As of 2023, there are 7 banks operating in the country, both directly Lithuanian and foreign. It’s possible to open a bank account in Lithuania for a non-resident. Most financial institutions in this country charge a flat fee for their services, which does not depend on the amount of transactions on the account. You can open an account in the Lithuanian banks with a zero balance. Offshore companies cannot operate in Lithuania.

Opening an account in a Lithuanian bank for legal entities and individuals is convenient due to a high degree of digitalization. Many banks offer online banking and convenient mobile applications, making it easy to manage money, make investments, etc. In addition to banks directly, clients can also open an account in an electronic payment system.

Advantages of opening a bank account in Lithuania

It’s worth opening an account in a bank in Lithuania because of a number of benefits. Let’s look at the main ones:

Favorable commissions

Tariffs for servicing bank accounts in Lithuania are quite low, and they are not tied to the transaction amount or account balance.

Availability of a state guarantee

Clients are guaranteed an amount of up to 100,000 EUR in case of any problems with the bank.

Multi-currency account

Clients of Lithuanian banks have the opportunity to receive funds in their accounts in any currency convenient for them.

There are no exchange controls

It’s an important advantage for legal entities because they will not have to report foreign exchange earnings.

Possibility to open an account remotely

The documents can be submitted online.

List of documents for opening a bank account

You’ll need to prepare a package of documents. Financial institutions in this country are vigilant about verification due to compliance with EU regulations regarding KYC policies.

To open a non-resident bank account in Lithuania, the package of documents will be as follows:

  • Identification document.
  • Confirmation of residential address.
  • Taxpayer identification number.
  • Confirmation of the origin of funds.
  • Resume (CV).

When registering a business account in Lithuania, the following package of documents must be submitted:

  • Constituent documents of the legal entity.
  • Identity cards of directors and shareholders.
  • Identity card and power of attorney of the manager (if the manager opens the account).
  • Information about the residential address of the director, shareholders, and manager (if the manager opens the account).
  • Agreements with partners.
  • Confirmation of the origin of funds.


Note! The list of documents may vary and depends on the specific bank.

Stages of opening an account

Services provided by Lawtter Solutions

Lawtter Solutions offers a bank account registration service in Lithuania. Our company’s specialists have extensive experience in this field. We offer full legal support during the procedure. The steps to open an account are as follows:

Selecting a bank that offers suitable conditions for the client

Preparation of the necessary package of documents

Submitting an application for account registration

Passing client identity verification

Obtaining all necessary access data and account details

Before opening an account, you need to familiarize yourself with the terms and conditions offered by Lithuanian banks for non-residents. The main banks in Lithuania are as follows:

  • Swedbank;
  • Bank of Siauliai;
  • Mediconas Bank.


You can also open an account in one of the popular electronic payment systems, for example, Paysera, Majestic, or MisterTango.

Lawtter Solutions offers to open a bank account in Lithuania with maximum client benefit. We provide turnkey services and advice on all issues. Contact us in any convenient way to get an initial consultation.