Thinking of starting a business in the beautiful thriving country of Lithuania? Look no further, Enterworld is here for you! With our expert professionals, you can successfully establish your business with company formation in Lithuania.
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Enterworld offers a straightforward and simplified process for Lithuania business incorporation.
3 to 5 Days
Company Registration
No
Travel Required
100%
Foreign Ownership
Yes
Local Director
Special offer
Company formation in Lithuania as a limited liability company, locally known as Uždaroji akcinė bendrovė or UAB, is a structure that is commonly used by entrepreneurs in Lithuania. In this structure, you will have limited liability and your liability is limited to the amount you have invested in the company. Your asset will also be protected even if any financial loss occurs in the company. A limited liability company is also commonly used by foreign entrepreneurs in the country due to its simple management structure. Business registration process in Lithuania as an LLC requires a minimum of one shareholder and one director, a minimum capital of €2,500 and it is mandatory to employ an auditor to audit the annual financial statements. Company formation in Lithuania as a limited liability company will give you access to the EU market, tax benefits, simplified company registration and 100% foreign ownership. Company formation in Lithuania as a public limited company, locally known as Akcinė bendrovė or AB is a structure that is used by larger companies and multinational corporations to raise capital from the public or list your company on the Nasdaq Baltic stock exchange. It is one of the key structures for online company registration in Lithuania. Legal requirements for company registration in Lithuania as a public limited company is to pay a minimum capital of €40,000, a minimum of one shareholder and one director of any nationality and register the company as a PLC with the State Enterprise Centre of Registers (SECR) that is the Lithuania Registrar of Companies. The Bank of Lithuania oversees and regulates activities for companies planning public offerings or financial services. The advantage of setting up a PLC in Lithuania is, you will be allowed to raise capital from the public and have alternative funding options, access to facilitate faster growth and also enjoy 100% foreign ownership. Company formation in Lithuania as a branch office is a structure for foreign companies. As a branch office, you will be allowed to conduct commercial activities to generate profit. To set up a branch office, you will need one shareholder and a minimum paid-up capital of €1. It is also mandatory to appoint a corporate agent who is a resident of Lithuania to represent the branch office. It is also mandatory to employ an auditor to audit the financial statement annually. In this structure, the parent company is completely responsible for the branch office activities. You must also have a legally registered office in Lithuania. You will need five weeks to setup a branch office and four weeks to open a corporate bank account in the country. The advantage of a branch office in Lithuania is to enjoy 100% foreign ownership, access to the EU market and a business-friendly environment. Company formation in Lithuania as a representative office, locally known as Atstovybe is a representative office of the pre-existing company in the country. As a representative office in the country, you will not be allowed to conduct business operations to generate profits. This structure is mostly used for research, marketing and promotions of the pre-existing parent company. A representative office is an ideal structure for foreign entrepreneurs looking to come and explore the Lithuanian market in person. To start a representative office in Lithuania, you need to register it with the Register of Legal Entities of Lithuania. The advantage of starting a representative office in the country is that it offers foreign investors a low-risk entry into the market without the need for significant capital investment or full operational commitments. It also offers a local presence to facilitate building business partnerships and access easy access to the larger EU market through Lithuania. Lithuania is becoming a popular country due to its strategic location, business-friendly environment, attractive tax benefits and access to the EU market. The country also offers a skilled workforce and affordable company registration, making company setup in Lithuania a top choice for global entrepreneurs. Lithuania operates as an important logistics hub for the Baltic market. It also offers easy access to Scandinavia and various European countries. This strategic location makes it an ideal entry point for international trade and expansion. Lithuania has a simplified registration process which is straightforward and allows businesses to be established quickly with minimal administrative burden. Additionally, you can either register your company online or offline. The government of Lithuania is initiating pro-business policies to promote foreign investment. They are also offering various incentives for businesses, making Lithuania a business-friendly destination for both domestic and international entrepreneurs. Company formation in Lithuania offers various benefits for both domestic and global entrepreneurs. With its strategic location, tax benefits, business-friendly environment and access to the EU market, Lithuania provides an ideal platform for growth, innovation, and seamless cross-border operations. The key benefits include: +1k Customers Lithuania have access to the EU market as it is a member of the European Union. It provides you with direct access to a market of over 450 million consumers. It gives you access to visa-free travel within 26 countries, making it an ideal gateway for business expansion and international mobility. Lithuania is known for a business-friendly environment because of its transparent legal framework, competitive corporate tax rate, EU membership, simplified company registration and skilled workforce. This feature makes it easier for entrepreneurs to establish and operate in the country. Lithuania has a skilled, educated and multilingual workforce mostly in the sectors of IT, finance and engineering. The country presents a workforce with strong communication skills, understanding of global markets, and a competitive labour cost, making Lithuania an attractive destination for international businesses. Lithuania is known for its competitive corporate tax rate. It has a standard rate of 16%. If you have a small business where you have only 10 employees and your annual income is under 500,000 LTL, you are eligible for 5% reduction on your corporate tax rate. This makes it beneficial for the startups and SMEs. Lithuania offers a world-class infrastructure, such as an excellent logistics network, an advanced digital network, fast internet speed, well-connected ports, and well-developed trade and supply chain management. The country is also highly investing in modern ports and railway infrastructure which is partly funded by the EU. Lithuania offers numerous financial incentives such as tax breaks, grants, reduced tax rates and government funding, especially for companies working in research and development or businesses that are creating jobs, making it an attractive destination for innovation-driven enterprises. It is one of the key merits of company formation in Lithuania. Lithuania provides VAT reimbursement to eligible businesses, such as businesses established outside of the European Union, which are eligible for a refund of the VAT they have paid in Lithuania. This reduces the cost of business operations, enhancing profitability and encouraging foreign investment. As a foreign entrepreneur in Lithuania, you will be qualified for a temporary residence permit depending on your business activity. You can also apply for a residence permit through the Startup Visa, establishing a company or purchasing a company in the country. When you apply for a residence permit, you will get a validity for two years, which can be renewed.
Supporting Millions of Entrepreneurial Visions
Business Entities in Lithuania
The Lithuania Limited Liability Company (Uždaroji akcinė bendrovė – UAB)
The Lithuania Public Limited Company (Akcinė bendrovė – AB)
The Lithuania branch office (Filialas)
The Lithuania representative office (Atstovybė)
Lithuania Business Incorporation
Why Entrepreneurs Prefer Company Setup in Lithuania?
Gateway to the Baltics
Simplified Registration
Pro-Business Policies
Lithuania Registration Benefits
Benefits of Company Formation in Lithuania
Access to the EU Market
Business-Friendly Environment
Skilled Workforce
Favourable Tax System
Modern Infrastructure
Financial Incentives
VAT Reimbursement
Residence Permit Opportunities
Documents Needed
Documents for Online Company Registration in Lithuania
To register a company in Lithuania, you will be required to follow the following steps: The cost of company registration in Lithuania will vary depending on the business structure you choose and the nature of your business activities. The approximate cost of company registration can be around €57.72. Additionally, there will be extra fees for name reservation around €21.98, notary fees for in-person registration about €100-€200, and the mandatory share capital, which is €2,500 for a UAB. Yes, a foreign investor can own and operate a business in Lithuania with 100% ownership. There are no restrictions for foreign nationals regarding company ownership or directorship for most industries in the country. The foreign entrepreneurs will have the same rights as the locals in the country in regards to business ownership. Registering a foreign entity in Lithuania will allow you to choose from a variety of legal structures for company incorporation. You must also ensure corporate compliance in Lithuania for taxation, financial reporting and employment regulations. Registering a company in Lithuania can be done quickly, often only requiring two to three weeks. If your documents are accurate and submitted on time, the company registration will be done more quickly. The process involves reserving a company name, choosing a legal structure, signing and submitting company incorporation documents and company registration with the Register of Legal Entities. Additionally, you will also be required to open a corporate bank account for smooth financial transactions. The documents required for company formation in Lithuania are: The types of structures for company formation in Lithuania are: Yes, Lithuania is a good place to start a business. Globally, the country ranks 15th for economic freedom and 11th in the ease of starting a business. The country also ranks 2nd in Europe, on the investment attractiveness index. Additionally, the country is known for its open and stable economy, strong digital infrastructure, and supportive government policies that make company registration affordable and easy. Foreign entrepreneurs, such as non-EU residents, will be required to apply for a Schengen-C visa. This is a short-term visa that will allow you to stay in Lithuania for up to 90 days within a 180-day period. Schengen-C visa can be issued as a single entry, double-entry, or multiple-entry type. The business culture in Lithuania is a blend of respect for tradition and a forward-looking approach to innovation. Lithuanians value honesty and expect the same in return, along with integrity, mutual respect, and a strong work ethic. Communication in the country is typically direct, and clear, transparent dialogue is expected during meetings. In recent years, many companies have also adopted more flexible work schedules. The business opportunities in Lithuania are growing as the country is offering excellent opportunities for entrepreneurs in thriving industries such as healthcare, engineering, technology and logistics. Other sectors such as agriculture, construction and service providers are also in demand in the country with various growth opportunities.
Lithuania Business Setup
Ideas for Lithuania Business Incorporation
IT and Software Development
Financial technology (Fintech)
Tourism industry
Advanced manufacturing
Business services
Niche manufacturing
E-commerce and digital marketing
Real Estate and construction
Financial services and licensing
10 Reasons to Choose Enterworld
Empowering Entrepreneurs in 50+ Countries
FAQs on Company Setup in Lithuania
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