Lithuania – Company

Introduction to setting up a Company in Lithuania

Lithuania is a relatively small business market but with its prime location, business in Russia and Western and Southern Europe is easily accessible. A developed network of transport links connects the country to these extensive consumer markets, making it a profitable investment. Foreign investors can also benefit from a non-discriminatory business environment and free transfer of dividends and capital.

What are the main requirements for a Lithuanian Company?

– There is no minimum share capital required
– The Articles of Association of the subsidiary
– The resolution of the parent company detailing its decision to form the subsidiary
– A manager of the subsidiary

Submission of the documents shown above is required for registration of the subsidiary with the State Enterprise Centre of Registers.

All the required documents must be officially notarised, apostilled and translated into Lithuanian by a sworn translator.

What are the accounting requirements of a Lithuanian Company?

The subsidiary must register with the Lithuanian Revenue Authority for taxation purposes.

Submission of accounts and declarations can be completed online through the Electronic declaration system (EDS). Monthly VAT returns and annual tax returns should be filed.

A Lithuanian bank account should be set up in order to deposit the required amount of share capital.

Please contact us in order to discuss your accounting requirements.

We will handle every aspect of the Company formation for you. Using our expert knowledge we can offer a company formation package in which we take care of company registration, issue of the certificates of registration, local directors, local representative and place of business in Lithuania, 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 companies. The benefits for establishing multiple companies include further increased exposure and global presence, and we can organise everything for you.

A summary of Lithuanian Corporate Taxes is available here.