Lithuania

What is the corporate tax in Lithuania?

The standard corporate tax rate in Lithuania is 15%. Moreover, small companies having less than 10 employees and annual turnover less than €300,000, can apply for a tax rate as less as 5%.

What is the minimum share capital required to incorporate a company in Lithuania?

The minimum share capital required to start a company in Lithuania is €2,500 for a private limited liability company and €38,000 for a public limited liability company.

What are the prerequisites to start a private limited liability company in Lithuania?

A private limited liability company in Lithuania requires 1 shareholder and 1 director, each of any nationality, and a paid-up share capital of €2,500.

What is the corporate tax rate in Lithuania?

The general corporate tax rate in Lithuania is 15%.

What is land tax in Lithuania?

Land tax in Lithuania is levied by city and district councils. It includes only tax payments on land.

Is joint audit allowed in Lithuania?

No, joint audit is not valid in Lithuania.