registration of legal entity

Cost of registration The cost of the second year Number of Directors Corporate tax rates Payment of Charter Capital Financial statements
1640.00 EUR 660.00 EUR 1 15.00% 10000.00 Yes

Company registration in Lithuania: rules of procedures

Регистрация компании в Литве: регламент процедуры

In order to register company in Lithuania, it is necessary to go through several important stages. Each stage involves collection, preparation and transmission of relevant documentation package, as well as presence of knowledge concerning Lithuanian rules of procedure. Law & Trust lawyers provide a comprehensive approach to registration of companies in Lithuania, and as a consequence, the client needs only to submit application and provide initial data needed to get started operation for the specialists. Application to the lawyers helps save a considerable amount of time and increase your chances of getting a positive response from a foreign state.

Company formation in Lithuania: selection of legal form

When registering company in Lithuania, selection of organizational and legal form is the first stage. The main types of undertakings in the territory of the jurisdiction include:

  1. Private Joint-Stock Company (PJSC).
  2. Public Office (PO).
  3. Sole proprietorship (SP).
  4. Small company (SC).

During company formation in Lithuania it is also important to consider the participants to management of the company and determine the scope of activities. Main operational field has the same effect on the level of tax rates, as the type of organizational and legal form.

The most cost-effective form of registration of business in Lithuania for non-residents is the establishment of Private Joint-Stock Company. PJSC can be founded by legal entity or natural person, but it has limited liability, namely: fulfills obligations only to its own creditors and shareholders.

The establishment of company in Lithuania shall be executed in the Center of Registers. Company Law & Trust offers carrying out procedures without leaving the founder's country. The client can submit all the information and signed forms by the means of the appointment of attorney.

Lawyer shall carry out collection of the package of documents, conduct verification of legal data and provide them at the place of registration of the company in Lithuania. The entire procedure takes about one week. The exact terms depend on a lot of factors. It is possible to clarify a detailed information concerning cost and terms of business establishment in Lithuania by the phone of the Law & Trust company’s office.

During registration of the company in certain organizational and legal forms in Lithuania, the presence of resident of the country or representative of another state with Lithuanian residence permit in the Board of Directors can be required. The company Law&Trust International also offers obtaining the last document within a short time.

When registering the residence permit, the client’s personal data and information about the state of his personal accounts will be required. For further registration process, it is necessary to provide the company name, which will fully comply with the legislation of Lithuania, as well as all the data about the directors and founders of the company.

Offshore companies in Lithuania

Registration of offshore company in Lithuania is not possible due to the lack of offshore zones in Lithuania. Registration of companies in the regions with low rate of taxation is available for the founders, but it is not the offshore zone in Lithuania.

Business in Lithuania: stages of establishment

  1. Application of the client for a consultation concerning registration of the company in Lithuania. At this stage the signing of cooperation agreement and subsequent clarification of the applicant's needs take place, and our experts check the company name proposed by the client for compliance with the laws of Lithuania.
  2. Collection of documents, which are required to be submitted to the Centers of Registers in Lithuania and the areas with low levels of taxation. Term of collection can be about one week, and during the entire period the lawyers will keep you informed about the progress of stage.
  3. Transfer of the documentation package to Lithuania. Preparation and transfer take up to 10 working days, and after that the registration of the new enterprise is completed.

If in addition to the basic set of services of the lawyers of Law & Trust company, you chose registration of residence permit in Lithuania, several additional operational stages are required. In order to sign constituent documents after positive decision on registration of the new company, the client does not need to visit the territory of the foreign jurisdiction.

However, if the applicant is one of the participants of the Board of Directors of the company, the authorized authorities of Lithuania may require him to come to the territory of the country. Since November 1, 2015, there has been a number of amendments in the Lithuanian legislation, and all of them concerned the procedure and rules for obtaining residence permit in the country.

Law & Trust lawyers are aware in details of the procedure for issuing residence permit and all the stages of registration of companies in Lithuania, which will considerably simplify the business establishment. Prices for part of the services are indicated in the price list at the website, and the cost of the remaining services can be clarified during personal conversation.

Set of documents
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Nominee director and shareholder
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General information
Square65 200.00
Population3 054 000.00
State polityParliamentary democracy
Telephone code370
Place in the world in corruption50
locationEastern Europe
ClimateTransitional, between maritime and continental; wet, moderate winters and summers; avg. maximum temperature (July) +25°; avg. minimum temperature (January) -8°
Literacy rate99.60%
Ethnic groupsLithuanian 83.4%, Polish 6.7%, Russian 6.3%, other or unspecified 3.6%
National currencyLitas (LTL)
USD exchange rate2.61
GDP per capita66
Official languageLithuanian
Credit ratingBBB
The judiciaryConstitutional Court; The Supreme Court; Court of Appeal. Judges of all courts are appointed by the president.
Executive authorityThe Council of Ministers approved by the President on the appointment of the Prime Minister
Legislative authoritiesunicameral parliament, or Diet. Includes 141 Location: 71 members elected by the vote of the electors; 70 are elected in proportion to the period of 4 years
Corporate information
Opportunity to purchase ready-made companiesНет
Legal systemCivil Law
The use of the Cyrillic alphabet in the nameНет
Local registered officeДа
Organizational and Legal Formspublic (AB) or private (UAB) limited liability company, general (TUB) or limited (KUB) partnership, a subsidiary of a foreign enterprise, and (Not considered a legal entity) branch or representative office.
Indication of BPA in the nameuždaroji akcinė bendrovė "(private Company) or the corresponding abbreviation (UAB)
Prohibited expressions in the nameNational and international geographical names; Liechtenstein, State, Country, Municipality, Principality; Bank, Building Society, Savings, Insurance, Assurance, Reinsurance, Fund Management, Investment Fund, Red Cross
Local registered agentДа
Shares and share capital
Information about the beneficiary is disclosed10000
The minimum amount of paid-in capital, nat. currency10000
The minimum amount of the issued capital10000
Bearer sharesНет
Terms of payment of the issued capitalWhen registering
The usual size of the authorized capital10000
Possibility to issue shares without par valueНет
Basic corporate tax rate15.00%
Capital gains taxДа
Withholding tax4%
Currency controlНет
The tax on personal incomeup to 17,01%
Corporate tax rates detailsgeneral - 20%, reduced 13%. Micro companies (those with up to 10 employees and up to EUR 300,000 in income per year) may be entitled to reduced rate of 5%. A 5% rate also applies to income earned from the commercialization of scientific research and experimental development production.
Government dutyNo
Stamp dutyДа
Director and Secretary
Minimum number of directors1
The requirement for residency directorsНет
Director of legal entities are allowedДа
The data reveals to the local agentДа
Data field to the public registryДа
The requirement for the presence of the SecretaryНет
Requirement to the residense of the SecretaryНет
Requirements to qualification of the SecretaryНет
Legal entity as the SecretaryНет
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerНет
Shareholders residency requirementНет
Information about the beneficiary is disclosedНет
Information may be disclosed to the local agentНет
Shareholders-legal entities are acceptableНет
The requirement for filing reportsДа
Open access to reportsНет
Statutory auditНет
The requirement for filing Annual ReturnНет
Open access to the Annual ReturnНет
The requirement for reportsДа
Treaty on avoidance of double taxation (States which signed)30
Membership in the OECDНет
Is it offshore according to Russian legislationНет
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
60.00 50.00 390.00 90.00 380.00 0.00 830.00 EUR 140.00 EUR
«TRADEMARK» refers to «Wordmark» or «Logo»

60.00 50.00 580.00 110.00 380.00 0.00 830.00 EUR 160.00 EUR
«TRADEMARK» refers to «Wordmark+ Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

Цены включают все юридические и официальные пошлины. Наши цены могут меняться во время процесса регистрации только в том случае, если существенно поменяются официальные пошлины или курсы валют.
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