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Register a company in Lithuania
Company incorporation, bank accounts, accounting services in Lithuania
Registration packages
Services
Essential
Standard
Premium
Company registration (UAB)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Lithuania
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How you can register a company in Lithuania with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Lithuania
Lithuania is located in Eastern Europe and has a territory of 65,300 square kilometers. Lithuania borders Poland, Latvia and Belarus and has access to the Baltic Sea, which allows it to establish maritime trade with Baltic States and Scandinavian states, as well as with Poland, Germany and a few other Western European states. Lithuania has a population of 2.7 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 5% if annual turnover does not exceed EUR 300,000, during the first year of operation the tax rate is 0% if annual turnover does not exceed EUR 300,000. Tax returns are filed on an annual basis. Advance income tax payments are made on a quarterly basis
- Dividend withholding tax - 0% under certain conditions
- Interest withholding tax - 0% if paid not to low tax jurisdictions
- Royalties withholding tax - 0% under certain conditions
- Capital gains tax - Standard tax rate 15%
- VAT - Standard tax rate 21% or reduced rates from 0% up to 9% or tax exempt
- Personal income tax - from 15% up to 32%.
The following are the most common types of companies to incorporate a company in Lithuania as:
- Limited liability company (Uždaroji Akcinė Bendrovė - UAB)
- Public limited company (Akcinė Bendrovė - AB)
- General partnership (Tikroji Ùkine Bendrija - TUB)
- Limited partnership (Komanditiné Ùkine Bendrija - KUB)
- Small partnership (Mažoji Bendrija - MB)
- European company (Societas Europea)
- Branch office (Filialas).
- Individuals or legal entities that are intending to register a company in Lithuania can be resident or non-resident in Lithuania.
- A resident or a non-resident individual can be a company director in Lithuania. It is not required to set up a company in Lithuania with a resident individual as one of its shareholders or directors.
- At least 1 shareholder is required in order to register a company in Lithuania if such company is incorporated as a UAB (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Lithuania in order to establish a company in Lithuania, however, it is necessary to create substance for the purposes of a VAT-number issuance and frequently for the purposes of a corporate bank account in Lithuania.
- Minimum share capital that is required in order to start a company in Lithuania as a UAB (a limited liability company) is EUR 2,500.
- SIA registration takes between 12 and 15 business days with the bank account taking up to 10 business days.
- Details of company founders, shareholders and directors after company registration in Lithuania is complete is publicly available in the state corporate register.
- With our service you can register a company in Lithuania completely remotely upon a power of attorney.
Official currency of Lithuania is euro (EUR).
Lithuania's GDP in 2017-2018 grew by 4,8% and amounted to USD 53.25 billion.
Lithuania has a well-developed economy, the largest part of which is private business. Lithuanian economy is focused on production and service sector, including food industry, chemical industry, production of gasoline, IT, financial services, logistics, construcion, R&D and travel business.
Lithuania's GDP in 2017-2018 grew by 4,8% and amounted to USD 53.25 billion.
Lithuania has a well-developed economy, the largest part of which is private business. Lithuanian economy is focused on production and service sector, including food industry, chemical industry, production of gasoline, IT, financial services, logistics, construcion, R&D and travel business.
Foreign entrepreneurs expand to Lithuania and seek to incorporate a company in Lithuania in order to conduct business in the following sectors:
- wholesale and retail trading
- logistics
- IT
- food industry
- industrial production.
Benefits of registering a company in Lithuania
- Business climate
- Access to EU markets
- Open economy
- Licenses for crypto business
- Highly-developed infrastructure
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation rate
Tax incentives- Corporate income tax rate is 0% for the 1st year and 5% for the following years in case total annual income is below EUR 300,000 and the average number of employees is below 10
- Double tax treaties with several jurisdictions
Ease of doing business- Companies can be opened completely remotely
- No foreign exchange controls
Register your company in Lithuania
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