Eternity Law International — News — Company registration in Lithuania

Company registration in Lithuania

Published:
December 14, 2020

Entrepreneurs often choose Lithuania to register their own company for several reasons:

  • potential access to European markets;
  • protection against double tax payments;
  • the registration process takes no more than a day;
  • renewal payments must be made starting from the second year of the companyэs operation.

As an offshore zone, Lithuania is not often mentioned. Despite the fact that the 0 rate in this country is not applied in all cases, the conditions of the financial field here are very favorable for the opening and further development of a new business project.

Jurisdiction

The initial capital is fixed by Lithuanian legislation in the amount of 2.9 thousand euros. A company can consist of one member who is both a legal entity and an individual. Non-residents are allowed. Registration and further servicing of a Lithuanian company takes place in a UAB form.

Taxes

Lithuania offers fairly loyal tax conditions. If we draw a parallel with other European states, then the Lithuanian rates will be profitable to stand out on it, since they are the lowest in this country. Profits are subject to only 5% tax, provided that the income for the annual period does not exceed 288,620 thousand euros, and the staff consists of ten people.

A company can be exempted from paying dividend tax if the company receives these dividends from offshore firms and owns at least ten percent of the shares of the subsidiary within the last year. To receive the privilege of paying tax duties to increase capital, you need to buy shares of a Lithuanian company registered in the jurisdiction of any other Eurozone state and hold them for at least two years.

Accounting

Foreign companies registered in Lithuania are not exempt from accounting. This can be entrusted to specialists who do not belong to the company’s staff. They should draw up reports based on information regarding the activities of the enterprise. Residents have some advantages. For example, local entrepreneurs are allowed to open an account in any European bank completely free of charge, while a non-resident must not only be personally present at the opening, but also pay a fee of 140 euros.

If you need to register a company in Lithuania, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Lithuania. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You can order Company registration in Lithuania now!

Order now

You could be interested

Which Licences and Permits are required to start business in Switzerland ?

1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This...

Start a business in the Czech Republic

The Czech Republic is a desirable jurisdiction for establishing a foreign firm because of its advantageous location, own sovereign currency, and wide network of European relationships. The most preferred option among foreigners is SRO, an alternative to a well-known LLC. Company formation in the Czech Republic The Czech Republic has a satisfactory integration into the...

Crypto regulation in Namibia 2023

The cryptocurrency-market is actively developing all over the world. Many countrysides have created legislation that helps corporations to develop in this direction. In the countryside where there are clear rules of the game, setting up a legal entity and obtaining authorizations is faster. This encourages companies to invest in the blossoming of the corporation and...

IT business in the USA

IT-BUSINESS IN USA: 10 REASONS FOR SUCCESSFUL SOLUTION To create your own IT-business in the USA, this decision is currently made by many entrepreneurs working in the field of IT-technologies. You can find out about the reasons and advantages of such a decision in our article. EXIT TO THE WORLD LEVEL Entering the US investment...

PSD3: Challenge for EMI and PI

The ever-evolving field of monetary technology, often referred to as FinTech, has been a driving force behind the transformation of PI and EMI. Against this backdrop, Payment Service Directive 3 (PSD3) is set to become a significant milestone, ushering in a new era of rules and standards. Within this evolving framework, electronic money institution authorization...

Bulgaria for the IT sector

With over 400 IT institutions and thousands of IT professionals, the Bulgarian IT sector presents one of the most promising IT hubs in the South-Eastern part of the EU. Let’s consider Bulgaria for the IT sector: the country’s business climate, human resources, IT education, etc. To begin with, it is worth taking a look at...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360