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doklynk corporate

Lithuania

Start Your Business in Lithuania

Lithuania is one of Europe’s fastest-growing economies, offering low business costs, easy company registration, and full access to the EU market. Whether you’re a startup founder, investor, or entrepreneur, Lithuania provides a business-friendly environment, government incentives, and a rapidly growing tech sector.

 

With one of the lowest corporate tax rates in Europe (5%-15%), a skilled workforce, and a strategic location connecting Western Europe with the Baltics, Lithuania is the ideal place to establish and grow your business.

Why Choose Lithuania for Your Business?

  • 1

    Easy and Fast Registration

    Register your company in 3-5 business days
  • 2

    100% Foreign Ownership

    No need for a local partner.
  • 3

    Low Corporate Taxes

    5% for small businesses, 15% standard rate
  • 4

    Full Access to the EU & Schengen Market

    Expand across Europe with no trade restrictions
  • 5

    Booming Startup & Tech Hub

    Lithuania is home to fintech, AI, and SaaS startups
  • 6

    Affordable Business Costs

    Lower than most Western European countries
  • 7

    Government Support for Investors

    Tax incentives and funding for foreign businesses

Types of Companies You Can Register in Lithuania

Private Limited Liability Company (UAB) – The Most Popular Business Structure

  • Best for: Startups, SMEs, foreign investors.
  • Limited Liability: Shareholders’ liability is limited to their investment.
  • Minimum Share Capital: €1,000.
  • Corporate Tax: 5% (small businesses) or 15% (standard rate).

 

📌 How to Register:
 1️⃣ Choose a unique company name and verify its availability.
 2️⃣ Prepare Articles of Association & define business activities.
 3️⃣ Deposit minimum share capital (€1,000) in a Lithuanian bank account.
 4️⃣ Register with the Lithuanian Centre of Registers.
 5️⃣ Obtain a Tax Identification Number (TIN).
 6️⃣ Register for VAT (if turnover exceeds €45,000 annually).

 

⏳ Processing Time: 3-5 business days
 💰 Government Fees: €100-€150

Sole Proprietorship (Individuali Veikla) – Best for Small Businesses & Freelancers

  • Best for: Freelancers, independent consultants, self-employed professionals.
  • Simple & Fast Setup: No need for share capital.
  • Personal Liability: The owner is responsible for business debts.
  • Taxed as Personal Income: 5%-15% based on annual earnings.

 

📌 How to Register:
 1️⃣ Register through the Lithuanian Tax Inspectorate (VMI).
 2️⃣ Obtain a Tax Identification Number (TIN).
 3️⃣ Register for VAT (if applicable).
 4️⃣ Open a business bank account in Lithuania.

 

⏳ Processing Time: 1-2 business days
 💰 Cost: Free registration

Branch Office – Expand Your International Business in Lithuania

  • Best for: Foreign companies looking to operate in Lithuania without forming a new entity.
  • No Minimum Capital Required – Operates as part of the parent company.
  • Taxed as a Foreign Entity – Subject to Lithuanian corporate tax if conducting business in Lithuania.

 

📌 How to Register:
 1️⃣ Submit branch registration documents to the Lithuanian Centre of Registers.
 2️⃣ Provide parent company’s legal registration & financial statements.
 3️⃣ Appoint a local representative in Lithuania.
 4️⃣ Obtain a Lithuanian Tax Number (TIN) and VAT registration.

 

⏳ Processing Time: 3-7 business days
 💰 Government Fees: €100-€200

Business Licenses & Permits in Lithuania

Certain industries require special licenses before operations can begin.

 

📌 Industries that require additional licensing:

  • Finance & Banking – Investment firms, fintech startups.
  • Food & Hospitality – Restaurants, hotels, catering services.
  • Construction & Real Estate – Property developers, architects, engineers.
  • Medical & Pharmaceuticals – Clinics, pharmacies, biotech startups.

Banking & Financial Setup – How to Open a Business Bank Account in Lithuania

📌 Required Documents:

  • Company registration certificate & Lithuanian Tax Number (TIN).
  • Business address in Lithuania.
  • Passport or valid ID of business owners.

 

📌 Top Banks for Business Accounts in Lithuania:
 

  • Swedbank
  • SEB Lithuania
  • Luminor
  • Citadele Bank

 

⏳ Processing Time: 2-5 business days

Hiring Employees in Lithuania

  • Minimum Wage (2024): €924 per month.
  • Work Hours: 40 hours per week.
  • Employer Contributions: ~30% of gross salary (includes social security & pension contributions).

 

📌 High-Demand Jobs in Lithuania:

  • IT & Software Development
  • Manufacturing & Engineering
  • Logistics & Supply Chain
  • Healthcare & Pharmaceuticals

Office Spaces & Business Infrastructure

📌 Best Cities for Business in Lithuania:

  • Vilnius – Lithuania’s financial & tech hub.
  • Kaunas – A growing business center for manufacturing & trade.
  • Klaipėda – A strategic port city for logistics & exports.

 

💰 Office Rental Costs:
 

  • Coworking spaces: €100-€300/month
  • Small office (50m²): €500-€1,200/month
  • Corporate offices: €2,500+/month

Taxes in Lithuania

  • Corporate Tax: 5% (small businesses) or 15% (standard rate).
  • Dividend Tax: 15% on distributed profits.
  • VAT (PVM): 21% standard rate, 9% for certain goods/services.
  • Personal Income Tax: 20% for most earnings, 15% for freelancers.

Business Expansion & Residency in Lithuania

  • Lithuania Startup Visa – For innovative entrepreneurs.
  • Investor Residency Permit – Gain Lithuanian residency by investing in a local business.
  • EU Business Expansion – Use Lithuania as a gateway to European and global markets.

 

 

📌 How to Get a Business Visa in Lithuania:
 1️⃣ Invest in a Lithuanian business or real estate.
 2️⃣ Provide proof of financial stability & business plan.
 3️⃣ Apply for a residence permit as an entrepreneur.
 4️⃣ Receive approval & start business operations in Lithuania.