Company Formation in Lithuania
Company registration in Lithuania: a jurisdiction with multiple benefits, to make your business flourish.
- Business-friendly taxation policy
- Appealing tax incentives
- Member state of the European Union
- Advanced Information and Communications Technology (ICT)
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Corporate professional with over 8 years of experience in Crypto, FinTech, AI and SaaS
Our packages to form a company in Lithuania
Choose a package that you would like to receive more information on Lithuania company registration.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
+44 20 4577 0974
Corporate professional with over 8 years of experience in Crypto, FinTech, AI and SaaS
+44 20 4577 0974
Request information on company formation in Lithuania: cost, process and requirements.
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Initial consultation
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Turnkey Company Formation
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Company contact person
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Registered legal company address for 1 year
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Remote incorporation
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Notary Services
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Company Secretary
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Local personnel
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Accounting for 1 year
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Long-term POA
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Apostilled set of documents
Turnkey company formation, Everything you need to get off the ground. Start now!
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Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Local personnel
-
Accounting for 1 year
-
Long-term POA
-
Apostilled set of documents
Full turnkey company formation and support in all necessary aspects for your business.
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Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Local personnel
-
Accounting for 1 year
-
Long-term POA
-
Apostilled set of documents
They went to the next level with LegalBison, here is what they said:
The team of LegalBison was very helpful and fast in supporting my company’s structural set up. They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
Incorporation Assistance in Lithuania - Free Consultation
In need of a new company in Lithuania? Considering purchasing an existing Lithuanian company? Our consulting team is waiting for your call. Contact us and discover our best offers for company registration in Lithuania.
Getting started with company registration in Lithuania
Find out all the necessary information about company formation in Lithuania. Discover why Lithuania is a popular jurisdiction and how it may help your business grow internationally. Request additional information directly with our team of experienced legal consultants.
- Duration
- Timeline
- Remote incorporation
- Required Information
- VAT
- Documents
How long does it take to form a company in Lithuania?
Foster the company formation process in Lithuania by working in synergy with LegalBison's lawyer team.
- 3-5 days for remote registration provided all requirements are intact and completed
- 5-10 days additional for the opening of a bank account
- If everything is in order, the registration process will not take more than 3 weeks
Procedure to prepare the registration of a company in Lithuania
The registration process for a company in Lithuania is very simple. The experts of LegalBison will assist you throughout every step of it:
- Initial consultation and agreement
- Payment of the full invoice
- [IF REMOTELY]: Notarization of POA by client
- Preparation of registration documents
- Document signed at the notary
- Official register validity: immediately
Can I form a company in Lithuania remotely?
Yes, the whole process may be done remotely, and if you opt to act with a representative to prepare everything for you, a Power of Attorney must be issued and apostilled or legalized in Lithuania. The POA must include all authorities from the reservation of the temporary company name. Consider also the following aspects of the procedure:
- Notarization of the founding documents at a registered notary’s office will also be done
- If the documents are issued from or executed in Russia, Ukraine, Belarus, Moldova, Estonia, and Latvia, legalization or certification by Apostille is not required
Necessary information to begin with company formation in Lithuania
The popular legal entity in Lithuania is a private limited liability company and if you choose to incorporate one, the following are needed:
- 3 alternate options for your desired company name ranked from most desired to least desired
- At least one 1 founder or shareholder (Natural or Legal)
Without VAT number in Lithuania
- It is unlikely for legal entities not to be VAT registered since almost all economic activities are charged with VAT (important: B2B payments between two VAT-exempt companies are not more expensive)
- Your company will not have to file monthly tax returns (prerequisite: no one receives a salary), which means low costs
With VAT number in Lithuania
- Your company will be eligible to receive VAT refunds, which means you can make use of the reverse-charge mechanism
Registration for VAT is before the State Tax Inspectorate and takes more or less 10 days
- Legal entities or companies may voluntarily register for VAT but are already required to do so when their annual economic activity turnover exceeds EUR 45.000
- 19% VAT imposed on goods and services
- 9% or 5% on select goods and services
- VAT relief is also possible
- The tax period is a calendar month and payable every 25th day of the subsequent month
Before we help you to apply for a VAT number (in Lithuania 19%) you should carefully think about the advantages and obligations that go along with it.
Required documents to provide to register a company in Lithuania
All business entities must register with the unified Register of Legal Persons (The Registrar), administered by the State Enterprise Centre of Registers.
- Articles of Association, along with the Establishment Act where you will need a Lithuanian business address (required for the company registration documents) and an appointed general manager
- Application for the reservation of a temporary company name (form JAR-5)
- Proof of deposit of the required share capital (minimum of EUR 2,500)
- Passport copies (a scan) of shareholder/s and director/s, also beneficiary owner if applicable
Alternatives to company formation in Lithuania
Our team has curated the following jurisdictions as being worthy alternatives to a company registered in Lithuania:
Company Formation in Bulgaria
from 1.850 €-
Ideal EU jurisdiction
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5-10% tax
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Fast and cheap process
Company Formation in Czech Republic
from 3.000 €-
Very low tax
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Foreigner friendly
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Everything remote
Company Formation in Estonia
from 450 €-
Fast incorporation
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0% tax on undistributed income
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Entirely remote
Company Formation in Hungary
5.940 €-
Lowest tax rate in the EU
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Strategic location
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Fast remote incorporation
Company Formation in Latvia
from 1.950 €-
0% tax on undistributed profits
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Everything is done online
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Single person structure
Company Formation in Poland
from 1.500 €-
0% Tax if undistributed
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A fast growing EU state
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Tech savvy workforce
Things to know before registering your company in Lithuania
Taxation of companies in Lithuania
The general Corporate Income Tax (CIT) is 15%.
- Companies with 10 or fewer employees or with less than EUR 300,000 in gross annual revenue may seek a lower CIT rate of 5%
- All income derived from local and worldwide activities is taxable
DTAA signed by Lithuania for companies
Aside from the prevention of tax evasion, Lithuania also wants to give investors legal certainty, hence, it has entered into tax treaties with the following states:
Armenia, Austria, Azerbaijan, Belarus, Belgium, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Georgia, Germany, Hungary, Iceland, India, Ireland, Israel, Italy, Kazakhstan, Kyrgyz, Korea, Latvia, Luxembourg, Macedonia, Malta, Mexico, Moldova, Netherlands, Norway, Poland, Portugal, Romania, Russia, Serbia, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, United Arab Emirates, United Kingdom of Great Britain and Northern Ireland, USA, Uzbekistan, Turkey, and Turkmenistan.
Accounting and audit requirements for a company in Lithuania
Lithuania requires that accounting activities shall be done and recorded in EUR denomination and in Lithuanian language and in accordance with International Financial Reporting Standards (IFRS)
All companies, even those with no financial transactions, are required to file their annual report within six months following the closing of the financial year to the Central Commercial Register. This can be done online and shall include the following:
- Management report, balance sheet, income statement, cash flow statement, statement of changes in equity, notes to the annual accounts
- An auditor’s report is required if the company was subjected to an audit (otherwise the annual report will do)
Note: Companies or enterprises must maintain more than 2500 EUR equity and ensure that their capital is at least 50% of the registered shared capital. The moment the aforesaid are not met, the owners or shareholders of the company or enterprise shall either restore their equity capital or proceed to dissolve the company.
Economic substance and residency requirements for companies in Lithuania
No residency requirement is mandated for any foreign investors (natural or legal person) who wish to incorporate in Lithuania
LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.
- Taxes in Lithuania
- Double Tax Treaties in 2025
- Accounting and audit requirements
- Residency requirements for company holders
Taxation of companies in Lithuania
The general Corporate Income Tax (CIT) is 15%.
- Companies with 10 or fewer employees or with less than EUR 300,000 in gross annual revenue may seek a lower CIT rate of 5%
- All income derived from local and worldwide activities is taxable
DTAA signed by Lithuania for companies
Aside from the prevention of tax evasion, Lithuania also wants to give investors legal certainty, hence, it has entered into tax treaties with the following states:
Armenia, Austria, Azerbaijan, Belarus, Belgium, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Georgia, Germany, Hungary, Iceland, India, Ireland, Israel, Italy, Kazakhstan, Kyrgyz, Korea, Latvia, Luxembourg, Macedonia, Malta, Mexico, Moldova, Netherlands, Norway, Poland, Portugal, Romania, Russia, Serbia, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, United Arab Emirates, United Kingdom of Great Britain and Northern Ireland, USA, Uzbekistan, Turkey, and Turkmenistan.
Accounting and audit requirements for a company in Lithuania
Lithuania requires that accounting activities shall be done and recorded in EUR denomination and in Lithuanian language and in accordance with International Financial Reporting Standards (IFRS)
All companies, even those with no financial transactions, are required to file their annual report within six months following the closing of the financial year to the Central Commercial Register. This can be done online and shall include the following:
- Management report, balance sheet, income statement, cash flow statement, statement of changes in equity, notes to the annual accounts
- An auditor’s report is required if the company was subjected to an audit (otherwise the annual report will do)
Note: Companies or enterprises must maintain more than 2500 EUR equity and ensure that their capital is at least 50% of the registered shared capital. The moment the aforesaid are not met, the owners or shareholders of the company or enterprise shall either restore their equity capital or proceed to dissolve the company.
Economic substance and residency requirements for companies in Lithuania
No residency requirement is mandated for any foreign investors (natural or legal person) who wish to incorporate in Lithuania
LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.
About company registration in Lithuania
It depends on one’s citizenship. There are countries with which Lithuania has a visa-free regime, hence, their citizens can enter and stay in Lithuania for 90 days without a visa. There are also other exempted persons as enumerated under Lithuania Immigration Law. If you are not among those on the list then you can only enter with a visa.
Lithuania has no restrictions on the acquisition of immovables by foreigners except for the acquisition of agricultural land where it is required that the foreigner must undergo the same procedure, terms, and conditions as may be required of its citizens provided it meets the criteria set forth in the European and transatlantic integration.
Yes, the Lithuanian immigration law allows this provided the investor is a non-EU citizen and meets all the following requirements:
- The applicant must have been running a Lithuanian company at least six months prior to the application;
- The applicant’s company employs at least three Lithuanian residents and pays their respective social security contributions;
- Applicant’s company must have at least EUR 28,000 registered capital;
- Applicant’s own share capital is at least 14,000;
- Applicant holds a top position in the Lithuanian company;
- Applicant has an actual place or residence (rented or owned) in Lithuania.
Contact Us
Request more information about incorporation in Lithuania: company registration in Lithuania costs, timeline, and specifics for your project. The first consultation is free.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Corporate professional with over 8 years of experience in Crypto, FinTech, AI and SaaS
