Company registration in Lithuania

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Assistance in obtaining E-residence - for free We provide assistance in obtaining E-Residence status in Lithuania. E-Residence provides you an electronic residency in Lithuania, which allows you to manage your company and conduct business from anywhere in the world. We provide support in completing the application, provide supporting documents and conduct the whole process of obtaining E-Residence status, giving you the opportunity to enjoy the benefits of e-residency in Lithuania, including access to e-services, e-signature and e-banking
Company name verification and reservation in Register of Legal Entities (Juridinių asmenų registras) Verifying the availability and reserving of your preferred company name in the registry
Company registration in form of AB / UAB including government fees Preparation and submission of all required documents and fees to the relevant government authorities for company registration, ensuring a streamlined process for our clients
Incorporation Document (Įregistravimo dokumentas) This document confirms the company's registration and includes information such as the company's registration number, legal form, registered address, shareholders, management structure, and other relevant details. It is issued by the Register of Legal Entities
Articles of Association (Įmonės statutai) This document outlines the company's constitution and internal regulations. It includes details about the company's name, registered office address, purpose, share capital, shareholders' rights and obligations, management structure, and other important provisions
Company registration in Sodra Gathering, processing and filing the necessary paperwork for registration with the social insurance fund (Sodra)
Statutory documents of the company Preparing a comprehensive package of incorporation documents for any form of company ownership
Company seal Production of the company seal
Assistance in opening a corporate bank account in the payment system Collection, processing and filing of the documents required for opening a corporate account with a payment system, including consultation of appropriate jurisdiction.
Assistance in opening a corporate bank account in: Šiauliu Bankas, Nordea Collecting, processing and filing the necessary documents for opening a corporate account with a local bank
Apostilled and Translated company documents Apostille certification and consular legalization of documents, depending on the country of operation
Assistance with a VAT number obtainment in State Tax Inspectorate (Valstybinė mokesčių inspekcija) Assistance in obtaining a VAT number for your company
Free consultation We offer a free consultation where you can discuss your needs and questions regarding company registration and management. Our experts will be happy to help you understand the process and provide guidance based on your situation. We are happy to answer your questions and help you make an informed decision about the services you need
Total cost
1350 EUR 2350 EUR 3200 EUR 3900 EUR 4400 EUR
Legal address in Vilnius with correspondence service for 1 year
700 EUR 700 EUR 700 EUR 700 EUR 700 EUR
Remote company registration with transfer of authority
300 EUR 300 EUR 300 EUR 300 EUR 300 EUR
Accounting services
170 EUR 170 EUR 170 EUR 170 EUR 170 EUR

Deal of the month

If you will register a company until June 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Lithuania is one of the Baltic countries that open diverse opportunities for starting and doing business both locally and worldwide. The state is a member of the EU and OECD. It has implemented all relevant European standards for doing business. Still, many businessmen find handling business in this jurisdiction more comfortable than in other European states for many reasons attributed to Lithuania.

Advantages of the Jurisdiction

Company formation in Lithuania is associated with the subsequent benefits any foreign entrepreneur may potentially enjoy:
  • stable political and economic environment
  • beneficial geographical position
  • equal opportunities for local residents and foreign businessmen
  • ease of founding legal persons with an opportunity for arranging all registration actions remotely
  • clear and transparent legal regulation
  • sufficient security and confidentiality
  • one of the lowest tax rates in the EU and favorable taxation in general
  • availability of incentives in certain sectors of the economy
There are also lots of other specific benefits attributed to each concrete area of business arrangement. Prifinance lawyers will be glad to consult you in detail on this matter taking into account the specific of doing your concrete business.

Principal Forms of Legal and Business Presence

If you want to buy a company in Lithuania, create a new one, or formalize entrepreneurial presence in any other manner, these variations are available for this purpose:
  • Private Limited Company – an enterprise that is considered to be one of the most convenient and popular among local and foreign businessmen due to the flexibility of its establishing and operation. This legal entity should have at least one founder (shareholder) and the maximum number of participants is limited to 250. The minimum value of statutory capital of this type of legal person shall be at least EUR 2,500. No members are liable in excess of the amounts of funds contributed to the enterprise. The requirements for reporting are simple and easy to fulfill in this case.
  • Public Limited Company – a legal entity suitable for medium and large enterprises who intend to carry out external financing. At least one shareholder is required to establish this legal person. The minimum amount of statutory capital for this entity is EUR 40,000. The financial obligation of each shareowner does not exceed the amount of shares in possession of such a shareholder. A more complex management structure is required in this case – a board of directors. Also, stricter requirements are applied to accounting and reporting.
  • General Partnership – a variation of a joint operation in the area of entrepreneurship where all partners (2-20) bear the unrestricted liability for the outcomes of joint transactions. This business arrangement is based on the agreement where partners describe their rights and duties with regard to joint doing business. It should be noted that in the case of potential failures even the personal property of partners may be called.
  • Limited Partnership – a variation of joint entrepreneurship that can be carried out by (i) two general partners who are entirely obliged for all partnership's debts, and (ii) at least one partner who is not responsible for the obligations of the partnership in excess of the value contributed. The total number of members shall not be higher than 20. Partnership-related duties and rights are governed by the respective agreement.
  • Branch – an opportunity for a foreign enterprise to carry out the same types of business-related activities as in the country of its origin. This option is suitable for those foreign entrepreneurs who intend to test local business opportunities before making more valuable investments in the country. The liability for the outcomes of the operation of a branch always bears a foreign parent company.
  • Representative office – an option for handling market investigation and promotional activities by a foreign legal person without an opportunity to carry out any type of operations in Lithuania. The formalization of a representative office is required in the state prior to the commencement of its activities. Paying respective fees is obligatory also.

Registration Requirements and Steps

If a businessman wants to open a company in Lithuania, the following approximate stages of entity formation should be passed:
  1. Defining business opportunities and types of economic activities subject to conduct via a local enterprise. Drawing up a business plan.
  2. Gathering details about founders, beneficiaries, and future managers. Among all other details, it is necessary to collect passport and residence details for individuals and incorporation details for legal entities.
  3. Formulating a commercial name for an enterprise, checking, and reserving it.
  4. Searching for and arranging an official address of registration for a legal entity.
  5. Drafting and formalizing registration and chartered documents.
  6. Forming chartered capital for the future entity and paying all related incorporation fees.
  7. Submitting the completed set of required documents to the registrar.
  8. Getting the confirmation of incorporation when the application is approved.
  9. Submitting the application for tax and employment-related registration.
  10. Searching for a bank and arranging opening a corporate account there.
  11. Submitting applications and assigning licenses for carrying out some economic transactions, like banking or financial.
Each registration procedure varies due to the concrete aspects of a business case. Prifinance lawyers will be glad to discuss with you in detail an approximate procedure that should be completed in your case, develop and realize the incorporation plan, formalize all required documents, and negotiate with authorized state bodies.

Legal and Regulatory Aspects

Lithuania has ensured a flexible and favorable legal environment for doing business and provides equal opportunities for entrepreneurship both to local residents and foreign businessmen. The legislation is made according to the most common European business standards. A foreign businessman doesn't need any local partner to start doing business in Lithuania – a local legal entity may be 100% owned by a foreigner. Principal state authorities foreign entrepreneurs will be likely to deal with are the State Enterprise Centre of Registers and the Bank of Lithuania. The most important legal that shall be applied to legal entities in Lithuania are the Law on Companies, the Law on Partnership, and the Law on Financial Institutions.

Tax System of Lithuania

If you want to found a company in Lithuania, this incorporation decision should be assessed along with the subsequent tax aspects:
  • Corporate income tax (CIT) rate – 15%
  • Personal income tax (PIT) rate – 32%
  • Value-added tax rate – 21%
  • Withholding tax rates (applicable to foreigners) – (i) dividends – (a) standard – 15% (b) 0% – if a parent company holds at least 10% of shares during 12 consecutive months at minimum (ii) interest – (a) standard – 10% (b) 0% – if a recipient is from the EEA or from a country that has a tax treaty with Lithuania (b) 0% – on the interest for the government securities issued for international financial markets, accrued, and paid on deposits as well as on subordinated loans that comply with the criteria stipulated by the Bank of Lithuania (iii) royalties – 10%
  • Capital gains tax rates – (i) corporate – the same as the ordinary CIT rate (ii) personal – 20%
If you want to obtain a more detailed assessment about paying taxes in Lithuania, contact Prifinance lawyers to arrange an approximate calculation of the taxes due and obtain other tax-related consultations you may be interested in.

How Prifinance Specialists May Help You

Prifinace lawyers provide comprehensive support from the point of taking a decision to register a company in Lithuanian and further during its next operation, namely:
  • develop a plan of registration
  • collect all required information
  • prepare applications and documents for incorporation
  • negotiate incorporation-related details with local advisors and state authorities
  • complete the process of formation
  • open corporate bank accounts
  • support the company’s operation further during the interaction with business partners, customers, and state authorities
We offer prompt company registration and bank account opening services in Lithuania and worldwide. New registration and ready-made options. Provide extensive details for more precise consultations and suggestions that can be effective for your future project.

Best Offers

  • 700 EUR

    • Сompany registration
    • Legal address for 1 year

  • 3900 EUR

    • Сompany registration
    • Legal address for 1 year

  • 1900 EUR

    • Сompany registration
    • Legal address for 1 year

  • 900 EUR

    • Сompany registration
    • Legal address for 1 year

  • 1050 EUR

    • Сompany registration
    • Domicile for 1 year
    • Seal

  • 1350 EUR

    • Сompany registration
    • Legal address for 1 year

Cooperation

Our clients

PRIFINANCE COMPANY
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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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