Articles - Lithuania Company Formation

Open a Foundation in Lithuania

Locals and foreigners may open a foundation in Lithuania, which is a type of establishment that is designed for non-profit purposes. The manner in which the structure is incorporated follows the standard steps for company formation in Lithuania, in the sense that it needs to have a registered name, a…

Open a Business in Lithuania as a Foreigner

Lithuania is a country that welcomes foreign investments. The process for Lithuania company formation, along with the low costs associated with it, make this Baltic jurisdiction an attractive business destination. Backed up by a suitable legislation that promotes foreign investments and other competitive criteria, investors can find here a reliable…

Set Up an SPV Company in Lithuania

One of the ways to invest on the Lithuanian market is by opening a special purpose vehicle (SPV). As its name suggests, this is a type of business incorporated by investors with the intention of achieving a specific business purpose. When registering the SPV, businessmen will transfer a part of…

Open Sole Proprietorship in Lithuania

Lithuanian citizens, residents and foreigners can open a sole proprietorship in Lithuania. The entity, also known as a sole trader, represents the simplest structure that can be registered under the Lithuanian commercial law. It is designed for natural persons who want to carry a business in their own name, the…

Obtain EMI License in Lithuania

Companies involved in electronic money activities, such as digital wallets, payment gateways, prepaid cards and other types of payment services providers, have to obtain an EMI license in Lithuania, if they want to operate in this country. The EMI (Electronic Money Institution) license is obtained solely through theBank of Lithuania,…

Open a Joint Stock Company in Lithuania

Besides other company types, foreign investors have the possibility to open a joint stock company in Lithuania. This company type is regulated under the Civil Code of the Republic of Lithuania. The legislation prescribes the types of companies one can register here, the management system of the said companies, the rights and the obligations…

Obtain Crypto License in Lithuania

If you want to open a Lithuanian company operating as a crypto business, you must know that you will need a crypto license in Lithuania. For investors interested in Lithuanian cryptocurrency sector, our team of consultants remains at your disposal for legal representation on the registration of the company, as well as on the issuance of the license. What…

Set Up a Financial Company in Lithuania

The Lithuanian financial industry is represented by several sub-sectors and foreign investors interested in setting up a financial company in Lithuania will benefit from the same regulations imposed to local entrepreneurs. The licenses for financial companies are issued by the Bank of Lithuania which is the national bank of the country. Our company formation consultants in Lithuania will…

VAT in Lithuania

The Lithuanian taxation system is based on direct taxes which are imposed on the incomes of Lithuanian citizens, residents and companies, but it also contains indirect taxes. One of the indirect taxes is the value added tax, which is applied to the consumers of goods and services while being collected by the suppliers…

Set Up an IT Company in Lithuania

Foreign entrepreneurs moving to Lithuania in order to start their own businesses have various choices when it comes to the industries they can perform in. Among these, manufacturing and information technology (IT) are two of the most prolific. Lithuania has one of the youngest workforces in the European Union, therefore with a high computer…