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Lithuania

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Registering a company in Lithuania in 2020

Main advantages of doing business in this jurisdiction are:

  • It is a member of the EU;
  • Included in the Eurozone and Schengen area;
  • A developed and stable economy;
  • Low tax rates;
  • The presence of agreements on the avoidance of double taxation; 
  • A fast registration process.

A business registration costs from 2500 €

Dates are from 7 days

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The Republic of Lithuania is located in Northern Europe, on the east coast of the Baltic Sea. It is a member of the EU, part of the Eurozone and Schengen area. Lithuania is a parliamentary republic, with obvious signs of a presidential republic.

Registering a company in Lithuania will be a profitable solution for entrepreneurs wanting to conduct business in the Baltic region.

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Advantages of the jurisdiction

Those, who are interested in setting up a company in Lithuania we recommend considering the following:

  • Low inflation rate;
  • The opportunity to enter European markets;
  • A fast and easy process of company registration;
  • Loyal legislation;
  • A lot of double tax treaties with other countries;
  • Highly qualified specialists;
  • Modern banking sector;
  • The opportunity to obtain a residence permit in Lithuania;
  • Low taxes.
Legal forms

You can register a company in Lithuania by choosing these legal forms:

  1. Uždarojiakcinė bendrovė a Private LLC.

Key features of the company:

  • The share capital – 2900 EUR;
  • The number of shareholders: from 1 to 250. They can be both legal entities or individuals of any nationality;
  • The number of directors: minimum 1. Only an individual can hold the position of director;
  • The secretary is required (individual);
  • Audit is not required;
  • Information about the beneficiaries of the company is confidential;
  • The company is required to submit a VAT return (annually);
  • Financial reporting is required.
  1. Akcinė bendrovė a Public LLC.

Key features of the company:

  • The share capital – 43,500 EUR;
  • There are no restrictions regarding the number and residency of shareholders (individuals or legal entities);
  • The number of directors: minimum 1. Only an individual of any nationality can hold the position of director;
  • The secretary is required (individual);
  • Companies are allowed to trade securities;
  • Audit is mandatory;
  • Information about the beneficiaries of the company is confidential;
  • Submitting of a VAT return (annually) is mandatory;
  • Financial statements are mandatory;
  • A registered office and address in Lithuania is required.
Tax rates

If you are intended to set up a company in Lithuania, please note that it has one of the lowest income taxes of 15% (among the countries of the European Union).

Also, it is possible to lower the tax rate to 5% under the following conditions:

  • Income: up to 1 million Lithuanian litas.
  • The number of company employees: up to 10.

Other taxes:

  • Enterprises that are engaged in the agricultural sector are exempt from income tax;
  • Subject to certain rules, the dividend tax is 0% (standard tax is 15%);
  • The rate of value added tax is 21%.

In order to receive a qualified advice on registering a Lithuanian company remotely and opening a corporate account in Lithuania, please refer to IQ Decision lawyers. Our experts will answer all your questions and provide you with a professional legal support in the process of setting up a business abroad.

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To call our office, please use the contacts listed on the site.

The information outlined in the article is actual at the time of its publication. Please refer to our specialists for checking possible solutions for your business.

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