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%.

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.

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.

The general corporate tax rate in Lithuania is 15%.

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

No, joint audit is not valid in Lithuania.