Lithuanian corporate entities may be founded without any limitations by both Lithuanian residents and foreign citizens, by private individuals or legal entities. Lithuania is the biggest Baltic country and is considered to be a source of economic activity of the whole region.
Main requirements for a company registration in Lithuania:
If necessary, UniverseLAW will provide you with a legal address.
Obtaining a taxpayer status (VAT number)
Similar to Latvia, in order to obtain a taxpayer status (VAT number) in Lithuania, it is required to submit information about future business partners and provide project agreements with potential business partners. In some cases it is required to arrive to Latvian tax office in person for the interview.
Taxes in Lithuania
Accounting statements are filed every month, until the 15th day of the month, and VAT report is filed until the 25th day of every month. Income tax is paid once a year until 31th of May.
Company formation process in Lithuania
Time required for company registration: 5 working days.