COMPANY
IN LITHUANIA

By employing lawyers and accountants, we provide services to foreigners
investors and help in establishing companies in Lithuania.

A company in Lithuania can constitute a good solution for entrepreneurs looking to register their company in the European Union. Thanks to a friendly environment for foreign investors, a stable banking system, a growing electronic services industry, and pro-business tax solutions, many entrepreneurs find establishing a company in Lithuania an attractive option. Lithuania, which shares a border with Poland, has been ranked highest among the Baltic countries in the “Doing Business” ranking for several years, and in 2020 was ranked 11th in the world. In 2021, the law firm Thompson&Stein officially launched its permanent office in Vilnius, Lithuania. We employ lawyers and accountants to assist foreign investors and provide assistance in establishing and operating companies in Lithuania.

Aerial view city at night, Tallinn, Estonia

Why is establishing a company in Lithuania
a good idea?

A company in Lithuania represents an attractive solution for entrepreneurs who wish to run their company remotely and value a highly developed technological infrastructure and a stable banking system. When establishing a company in Lithuania, one can count on low income tax – small companies pay only 5% – as well as a number of exemptions from income and property taxes. Lithuania effectively stimulates business development, therefore owning a company in Lithuania constitutes a good solution for investors from many sectors. Thanks to the introduction of special economic zones, a company in Lithuania also represents a good solution for investors wishing to employ local employees.

Companies in Lithuania benefit from a stable banking system available also to entrepreneurs. Most Scandinavian banking groups are present on the market, and having a bank account in Lithuania has become a requirement.

The most popular legal forms of conducting business, of which the first step is to register a company in Lithuania, include: private limited liability company (UAB), public limited liability company (AB) and limited partnership (KUB). Compared to Poland, establishing a company in Lithuania is relatively uncomplicated. Therefore, buying an existing company in Lithuania, e.g. when it is already established, is not particularly cost-effective.

Benefits of owning a company in Lithuania

Possibility of managing the company remotely

5% income tax applicable to small companies (with revenues of up to EUR 300,000)

Fast registration of companies in Lithuania – up to 14 days

57 existing double taxation conventions

Stable legal system

Openness to foreign investors

Highly developed technological infrastructure

A European Union member state, with the euro as the applicable currency

Possibility of having a bank account in a traditional bank

A company in Lithuania
– who can find it a good solution?

Before deciding to establish a company in Lithuania, it is a good idea to consult our specialists. There is no single, universal list of sectors or entities for whom registering a company in Lithuania is bound to be a good solution. Thompson&Stein’s clients include, i.a.:

Companies complementary to holding structures

Online shops

Companies related to new technologies

Transport and forwarding companies

Start-ups

International trade entities

Companies seeking foreign bank accounts

Fintech and cryptocurrency companies

Procedure for establishing a company in Lithuania

BUSINESS

You sign an agreement with us

You grant a power of attorney, allowing us to represent you in Lithuania

We reserve your Company’s name in the Lithuanian register of companies

We sign the notarised articles of association

We deposit the share capital in a technical bank account

We register the company, of which you become a shareholder, in line with your instructions

We provide you with a set of documents including the articles of association, the registration card, the share purchase confirmation

How long does it take? Up to 14 days

Scope of services
offered to companies in Lithuania

Thompson&Stein will provide your company in Lithuania:

COMPREHENSIVE HANDLING OF THE COMPANY REGISTRATION PROCESS

ACCOUNTING SERVICES

A REGISTERED SEAT (ADDRESS) FOR YOUR COMPANY

CONTACT PERSON

CORRESPONDENCE HANDLING

ASSISTANCE IN OPENING A BANK ACCOUNT

ASSISTANCE IN OBTAINING A LICENCE (if required for the given type of business activity);

SUPPORT AT EVERY STAGE of establishing your company in Lithuania.

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