Registration company in Lithuania

Simplifying the Global Company Formation Process with Tailored Solutions for Every Jurisdiction

Strategic choice for International business

Lithuania has emerged as one of Europe’s most favorable jurisdictions for company registration. Known for its low taxes, innovative ecosystem, and strong support for businesses, Lithuania offers unparalleled opportunities for entrepreneurs and international investors. By establishing a company in Lithuania, you gain access to the EU market and benefit from a highly educated workforce and advanced ICT infrastructure.

Lithuania, officially the Republic of Lithuania, is a Baltic country located in Northern Europe. With a thriving economy and investor-friendly policies, Lithuania offers a welcoming environment for businesses of all sizes.

Official Name: Republic of Lithuania
Geographical Location: Eastern Europe, bordered by Latvia, Poland, Belarus, and Russia
Membership in International Organizations: EU, NATO, OECD, WTO
Currency: Euro (€)
Languages: Lithuanian (official), English widely spoken in business
Future Outlook: Lithuania’s fintech leadership and focus on innovation ensure steady economic growth and opportunities for startups and established businesses.

Corporate Structures and Legal Entities in Lithuania

Choose from various legal structures to suit your business needs:

Private Limited Liability Company (UAB):

Minimum share capital: €2,500
Ideal for SMEs and startups
Liability limited to share contributions

Branch Office:

Operates as an extension of a foreign company
No separate legal identity

Public Limited Liability Company (AB):

Minimum share capital: €40,000
Suitable for large-scale businesses

5 Key Benefits of Registering a Company in Lithuania

There are many reasons why entrepreneurs choose to register their businesses through professional services like VoltLegal:

Low Corporate Tax Rates

Lithuania offers one of the lowest corporate tax rates in the EU at 15%, with additional reductions for small businesses

Ease of Incorporation

Registration can be completed in just a few days, with options for remote incorporation available

Access to EU Markets

Lithuania’s EU membership provides access to over 500 million consumers and significant opportunities for scaling

Support for Innovation

Lithuania actively supports startups with grants, subsidies, and an innovation-friendly regulatory environment

Modern Infrastructure

The country boasts advanced ICT networks, an efficient transportation system, and a highly educated workforce

The Company Formation Process in Lithuania

Strategic Location

Situated in Northern Europe, Lithuania provides easy access to the Baltic, Scandinavian, and broader EU markets, making it an ideal hub for international business operations.

Business-Friendly Taxation

Lithuania offers a competitive corporate income tax (CIT) rate of 15%. Small enterprises with up to 10 employees and annual revenue not exceeding EUR 300,000 may qualify for a reduced CIT rate of 5%.

EU Membership

As a member of the EU since 2004, Lithuania provides businesses with access to a market of over 500 million consumers, facilitating seamless trade and investment opportunities.

Innovative Ecosystem

Lithuania has emerged as a leading fintech hub in Europe, fostering a dynamic environment for startups and technology-driven enterprises. The country's commitment to innovation is evident in its supportive regulatory framework and infrastructure.

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Start your journey in Lithuania today—contact us for professional assistance in setting up your business!

Global Jurisdictions We Serve

At VoltLegal, we offer company formation services in a variety of global jurisdictions, each offering unique benefits for businesses. Some of the most popular jurisdictions for company registration include:

United Arab Emirates

The UAE, particularly Dubai, offers attractive incentives for businesses, including tax-free zones and 100% foreign ownership in certain areas. New company formation in the UAE provides access to a growing and dynamic market.

Hong Kong

Hong Kong is a major financial hub with a low tax rate, making it an attractive destination for international businesses. Company registration in Hong Kong is straightforward, and the city provides easy access to other Asian markets.

Estonia

Estonia is renowned for its e-Residency program, which allows entrepreneurs to register a company online without needing to physically be in the country. This program offers one of the most streamlined processes for company incorporation, with minimal bureaucracy and a highly digital government infrastructure. It’s a popular choice for tech startups, cryptocurrency companies, and international businesses looking for easy access to the European Union market.

Lithuania

Lithuania is quickly becoming a favored jurisdiction for businesses in the fintech and cryptocurrency industries. With relatively low corporate taxes and a pro-business regulatory environment, it’s an excellent option for entrepreneurs looking to establish a limited company in the European Union.

Singapore

As one of the most business-friendly countries in the world, Singapore is a prime location for businesses looking to expand into Asia. The city-state offers low taxes, minimal bureaucracy, and an efficient company registration process.

United States

The U.S. offers a range of options for businesses, including forming a corporation or LLC in states like Delaware, which is known for its business-friendly laws and tax benefits. Registering in the U.S. gives your business access to one of the largest markets in the world.

If you need assistance in a jurisdiction not listed here, please contact us, and we will provide a tailored solution for your business needs.

Find the Best Jurisdiction for Your Business

Licensing Requirements for Regulated Sectors in Lithuania

Some industries in Lithuania require specific licenses to operate.

Industries Requiring Licenses

Financial Services: Fintech and payment processing require licenses from the Bank of Lithuania. Lithuania has established itself as a prominent fintech hub, offering a supportive regulatory environment for financial technology companies. The Bank of Lithuania oversees the licensing of financial institutions, including Electronic Money Institutions (EMIs) and Payment Institutions (PIs). The licensing process is streamlined, with clear guidelines and a commitment to fostering innovation
Crypto: Cryptocurrency Regulations: Lithuania has proactively aligned its regulatory framework with the European Union’s Markets in Crypto-Assets (MiCA) Regulation. The MiCA Regulation, scheduled to take effect on December 30, 2024, introduces comprehensive measures aimed at fostering transparency, accountability, and consumer protection in the crypto-asset sector. Lithuanian authorities are actively preparing for the MiCA Regulation, ensuring that crypto-asset service providers comply with the new requirements
Renewable Energy: Companies in the green energy sector need environmental compliance certificates.
Logistics and Transportation: Permits for freight and passenger services are mandatory.

Licensing Timeline

Standard Licenses: Most licenses are issued within 1–3 months.
Fintech Licenses: Acquiring an Electronic Money Institution (EMI) license or Payment Institution (PI) license can take 6–12 months, depending on the complexity.

Our legal experts guide you through the entire licensing process to ensure compliance and timely approvals.

FAQ: The company formation process in Lithuania

What is the most common type of company in Lithuania?

The Private Limited Liability Company (UAB) is the most popular structure.

Can foreigners own a company in Lithuania?

Yes, foreigners can fully own and manage a company without restrictions.

Do I need a legal address in Lithuania?

Yes, a local legal address is mandatory for registration.

How long does it take to register a company?

The process typically takes 3–5 days for registration and an additional 5–10 days for bank account setup.

What is the corporate tax rate in Lithuania?

The standard rate is 15%, with reduced rates of 5% or 0% for small businesses.

Is remote registration possible?

Yes, the entire process can be completed remotely with a notarized Power of Attorney.

Taxation in Lithuania

Lithuania’s tax system is designed to be competitive and business-friendly:

Corporate Income Tax (CIT): 15% (small businesses may pay 5% or 0%)
Value-Added Tax (VAT): 21% (reduced rates of 9% or 5% for select goods/services)
Personal Income Tax (PIT): 32% (for employment income)

Withholding Tax (WHT):

Dividends: 15% (16% from 2025), but exemptions may apply under double taxation treaties.
Interest and Royalties: 10%

Step-by-Step Process for Company Registration

Initial Consultation: Discuss your goals with our experts.
Document Preparation: Draft and notarize necessary documents, including Articles of Association and proof of share capital.
Submission to Registrar: File documents with the Register Center for approval.
VAT Registration: If applicable, register with the State Tax Inspectorate.
Bank Account Setup: Open a corporate account to deposit share capital.

Your Business in Lithuania Awaits!

With its favorable tax policies, strategic location, and access to EU markets, Lithuania is the perfect destination for business growth. Let our team of experts handle every aspect of your company registration, ensuring a seamless and efficient setup.

Contact us today to take the first step toward establishing your business in Lithuania!

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