Lithuania
Capital: Vilnius.
Official languages: Lithuanian.
Currency: euro.
Company registration provides the following benefits:
- Double tax treaty signed with 30 countries, and entry into the European market.
- Absence of a country on blacklists.
- Favorable geographical location.
Lithuania is one of the countries on the Baltic Sea coast. Located in the Baltic states, on the western edge of the East European Plain.
Lithuania offers foreign investors a number of advantages for registering companies - among the main advantages are low taxes; Investors also have access to an extensive network of double taxation agreements. Lithuania's membership in the EU ensures the free movement of capital, goods and services. Companies have the opportunity to operate throughout the EU common market.
Features of taxation and reporting
A financial report on salaries must be submitted annually. Once a month you need to submit a VAT report.
- VAT – 21%.
- Income tax - 20%.
- Tax on dividends for non-residents of Lithuania is 0%.
Company registration
Time frame for company registration: 7 working days.
In Lithuania, the following main organizational and legal forms of companies can be registered: joint stock company (AB) and limited liability company (UAB).
For an AB type company, an authorized capital of at least 25,000 euros is required. Requires at least one shareholder and director. Suitable for large and medium-sized businesses.
UAB is the most popular form in Lithuania. The minimum authorized capital is 2500 euros. The number of participants is from 1 to 10. The liability of the founders is limited to the contribution to the authorized capital.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized copies of ID for all participants.
- A document confirming the residence address of all participants with notarization.
- Bank statement no older than 3 months from the date of application.
- In some cases, a certificate of no criminal record from the director may be required.
A quick guide to registering a company in Lithuania:
To quickly register a UAB or AB company, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Registration of a company in Lithuania has its advantages for entrepreneurs, but correct adherence to procedures and provision of necessary documents are essential for successful registration and further legal functioning of the company in this financial center.
We recommend that you seek advice from qualified IT-OFFSHORE consulting specialists who have experience working with this jurisdiction and will be able to register your company in Lithuania in the shortest possible time.
We offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.
