Company Registration
2 Week
Bank Account Opening
4 Weeks
Local Director?
No
Travel Required?
No
Register Your Company in Lithuania with Tax Partners
Registering a company in Lithuania is a straightforward process with the expert assistance of Tax Partners. The country's business-friendly environment, coupled with its low taxation rates and low labour costs, make Lithuania an attractive destination for entrepreneurs and foreign investors.
Let Tax Partners handle the complexities of registration so you can focus on scaling your business. With our streamlined process, you can expect your company to be operational and ready for business in 6 weeks.
Our Comprehensive Service Package Includes
Lithuania company registration with the State Enterprise Centre of Registers
Local company secretary and registered address
Corporate bank account opening with a reputable bank
Annual accounting and tax services
How Long Does It Take to Register a Company in Lithuania?
At Tax Partners, we aim to complete your Lithuanian company registration within 2 weeks. Once we receive the required due diligence documents from directors and shareholders, our team will verify the availability of your preferred company name and prepare all necessary incorporation documents.
Once registration is complete, within 4 weeks, we will help you open a corporate bank account. This means you can expect to begin operations and issue invoices within 6 weeks of engaging Tax Partners.
Can a Foreigner Register a Company in Lithuania?
Yes, foreigners are fully allowed to register a company in Lithuania. There are no restrictions on nationality or residency for directors and shareholders. You can freely own 100% of the company.
Limited Liability Company (LLC) requires a minimum share capital of EUR 2,800.
Branch offices or representative offices have no capital requirements but must fulfill certain regulatory obligations.
Types of Business Entities Available in Lithuania
Limited Liability Company (LLC or UAB)
The most common type for foreign investors.
Minimum share capital: EUR 2,800.
Shareholders' liability is limited to their contribution.
Joint Stock Company (AS)
Suitable for larger businesses.
Minimum share capital: EUR 35,210.
Governed by strict legal and governance compliance.
General Partnership (TŪB)
Partners share unlimited liability for the company's debts.
No minimum capital required.
Limited Partnership (KŪB)
Includes both general and limited partners, with limited liability for the latter.
No minimum capital required.
Small Partnership (MB)
Suitable for small businesses.
Partners have limited liability.
Branch Office
Foreign companies can establish a branch to operate in Lithuania.
The branch is not a separate legal entity.
Representative Office
Used for market research and promoting the parent company.
Cannot perform income-generating activities.
How to Register a Company in Lithuania ?
Choose the Right Business Structure: We will assist you in selecting the most suitable business structure based on your goals and needs.
Reserve Your Company Name: Tax Partners will help you verify and reserve your preferred company name with the Lithuanian Register of Legal Entities.
Prepare Required Documents: Our team will assist in preparing the necessary documents, including the Articles of Incorporation, Business Plan, and Company Constitution.
Company Registration: Once the documents are ready, Tax Partners will submit them to the State Enterprise Centre of Registers for approval. Upon registration, we will send the Certificate of Incorporation and other corporate documents to you.
Open a Corporate Bank Account: We will help you open a corporate bank account with a local or international bank. Directors and shareholders typically do not need to travel to Lithuania for this.
Ongoing Compliance: After registration, we provide ongoing accounting and tax services to ensure compliance with Lithuanian regulations.
Accounting and Tax Obligations in Lithuania
Corporate Tax: 15% on profits.
VAT: Standard 21%, with reduced rates for some goods and services.
Withholding Tax: No withholding tax on dividends, interest, or royalties for non-residents, except from certain jurisdictions.
Annual Reporting: Financial statements must be filed with the tax authority. If your company meets certain thresholds, you must submit audited financial statements.
Why Register a Company in Lithuania?
Business-Friendly Environment: Lithuania ranks 16th globally for ease of doing business.
Strategic Location: As a member of the EU, Lithuania provides access to a large market.
Low Tax Rates: Corporate tax rate of 15%, with incentives for small businesses.
Skilled Workforce: High English proficiency and high educational standards in Lithuania.
Low Living Costs: Lower operational costs compared to other EU countries.
How Tax Partners Can Help You Register Your Company in Lithuania?
With Tax Partners, we streamline the entire company registration process in Lithuania. From advising on the right business structure to helping you open a bank account and ensure compliance with local regulations, our team is with you every step of the way.
Contact Tax Partners to Register Your Company in Lithuania
Ready to start your Lithuanian company? Tax Partners is here to guide you through the registration process efficiently and professionally. Contact us today, and our team of experts will respond within 24 hours.