Lithuania – Branch

Introduction to setting up a branch in Lithuania

Lithuania is the largest state in the Baltic region and its geographical position allows for excellent trade links between Eastern Europe, Scandinavia and Russia. This makes it a very attractive country for foreign investors, particularly when establishing a branch in order to increase company exposure and global presence. Branches are legally regulated by The Civil Code of the Republic of Lithuania.

What are the accounting requirements for a Lithuanian Branch?

The branch must register with the Tax Office for taxation purposes. Forms required in order to obtain a VAT number differ depending on whether the parent company is an EU or non EU national.

VAT returns should be filed monthly and tax returns annually.

The accounts of the branch should be kept in accordance with the requirements of the parent company, if an EU national. If the parent company is not an EU national other regulations apply.

What are the formalities regarding Lithuanian branches?

– A copy of the parent company’s Certificate of Incorporation
– A copy of Memorandum & Articles of Association of the parent company
– A copy of the parent company’s Certificate of Good Standing
– A Lithuanian representative of the branch
– Resolution from the parent company detailing its decision to set up the branch

The documents above are required by the Register of Legal Persons section of the State Enterprise Centre of Registers, in order for branch registration.

All documentation must be notarised, apostilled and translated into Lithuanian by a certified translator.

What office facilities are available when registering a branch?

There are three main types of office available in Lithuania:

– Registered offices, providing an address for branch correspondence
– Virtual offices, providing telephone, fax and mail forwarding services off-site
– Serviced offices, providing all the essential business facilities ready for immediate occupation

We will handle every aspect of the branch formation for you. Using our expert knowledge we can offer a branch formation package in which we take care of branch registration, issue of the certificates of registration, local directors, local representative and place of business in Cyprus, tax registration, VAT registration, and translation of documents (if required).

Our unique one stop solution for all European formation requirements also offers formation packages to set up multiple branches. The benefits for establishing multiple branches include further increased exposure and global presence, and we can organise everything for you.

A summary of Lithuanian Corporate Taxes is available here.