Company registration in Lithuania

Company registration in Lithuania is relevant for several reasons:

• This is an attractive jurisdiction, which provides access to the European markets.
• In Lithuania companies are protected from double taxation.
• The registration procedure of ready takes only one day.
• Payments to extend the operation are made from the second year.
• Company "Prifinance" cooperates with all countries.

The phrase "Lithuania offshore zones" cannot be heard too often. Zero tax rates are not always actual here, however, the conditions for financial planning are very beneficial. Inexpensive registration of the company in Europe is a heavy argument in favor of business development in Lithuania.

About the jurisdiction

Lithuanian legislation fixes the amount of share capital for foreign firms at the level of 2900 Euros. The founder and sole member of the company can be legal entity or individual, non-resident. Registration and maintenance of company in Lithuania is carried out in the form of UAB. When choosing a name is very important to follow the grammar and spelling existing in the country.

The objectives of company creation

As a rule, new businesses are acquired here to form a transit point as well as to obtain a residence permit in Europe. In addition, the registration and maintenance of companies in Lithuania are beneficial in the implementation of trade activities, since it is possible to more effectively manage the procurement within Europe. It is advantageous to create holdings here providing the payment of dividends, royalties and interest from the CIS. On the Lithuanian territory it is possible to register organization carrying out redirected trade transactions. There is one condition - the principal should not be an offshore company.

Registration process

The first question that must be solved is how to create company. We provide a list of ready options and register the company from scratch. In the second case, it is important to decide on the name and wait for its approval in the registry. Following this, the clients pay for our services. Important! We have developed very favorable conditions. Instead the total amount you pay only the advance - 30%. Another 70% shall be paid upon receipt of all documentation. When the payment is completed, the officers accept from customers information about personal data and passports. We will enter your company to the register, pay the state fee, register a legal address on the territory of Lithuania. In ten days customers receive all documents by mail. No need to spend time to reach the office. We will send documents to any address, any country using DHL service.

About taxes

The tax system in Lithuania is loyal. The rates are low here compared with other European countries. It must be paid only 5% from profits if you have annual income in the framework of EUR 289,620 and the number of staff within 10 persons.

Getting rid of the tax on dividends is possible if they were not received from offshores and if you own at least 10% of the shares of the subsidiary over the past 12 months or more. To release oneself from the obligation to pay tax on capital growth is enough to buy shares of the Lithuanian company or firm registered in any other EU country. The minimum period to own of securities (not less than 25%) - 2 years.

Accounting

Lithuania does not exempt foreign companies from record-keeping. These activities can be entrusted to outside specialists who will prepare financial statements on the basis of the data obtained about the company’s activity. Residents have some advantages. For example, they can open accounts in European banks for free, while a non-resident is required to attend bank in person and pay 140 Euros.

Specialists of the “Prifinance" will help to select the optimal conditions for the establishment of firms in Lithuania. We take into account the specifics of activities and requirements that are mostly important for each customer.

Advantages of the jurisdiction

Registration and maintenance of companies in Lithuania increases the company's level of prestige. Among the main advantages of jurisdiction there are:

• Access to cooperation with European countries, entry to their markets.
• Loyal legislation.
• The stability of the economy and attractiveness for investment.
• Low tax rates.
• Simple and inexpensive registration.
• Relief from double taxation. The country has signed agreements with 40 countries.