Company Registration in Lithuania

Why Set Up a Business in Lithuania?

  • Lithuania occupies a strategic location on the world map, linking Russia with the rest of Europe. It is a chief transport hub connected to Europe via road, rail, sea and air.
  • The infrastructural facilities in Lithuania are state-of-the-art, with acute emphasis on Information and Communications Technology (ICT).
  • The cost of operating a company in Lithuania is less compared to the EU standards, and its standard corporate tax (15%) is also one of the lowest in the EU.
  • Lithuania is ranked in the top 20 in the list of countries for Ease of Doing Business by the World Bank.

Process of Registering a Company in Lithuania

Following are the steps to register a company in Lithuania:

  • Select a name for the company and reserve it, if available.
  • Draft the Articles of Association and get it notarized by a public notary.
  • Get a corporate bank account opened for the company, and deposit the minimum share capital in it.
  • Deposit the certificates proving name reservation, bank deposit, and the notarized Articles of Association at the Company Register.
  • Register at the Lithuanian State Tax Inspectorate (the Lithuanian Revenue Authority) for corporate tax, VAT, and State Social Insurance Fund Board (SODRA).
  • Design a company seal to be used in daily operations and communications.

Documents Required for Company Registration in Lithuania

  • Company registration application form
  • Articles of Association
  • Details of the type of business activity the company would be engaging in
  • Proof of the registered address of the company
  • Details (names, birth dates, residential address proofs and passport copies) of the company director and board members

How many kinds of company registration are there in Lithuania for foreign investors?

There are four main kinds of company registration in Lithuania for foreign investors.

How do I become a resident of Lithuania?

To become a permanent resident, you must live in Lithuania for five years with a temporary residence permit. After this period, you have a right to apply for permanent residency.

List out the legal entities in Lithuania.

The legal entities in Lithuania are
Public company
Joint stock company
Private company
General partnership