Articles - Page 2 of 4 - Lithuania Company Formation

Company Formation in Vilnius

The procedure of starting a business in Lithuania has been simplified a lot during the last few years as the government has made great progress in offering digital solutions to those interested in operating as quickly as possible. There are many cities in which foreign investors can open companies in Lithuania, however, Vilnius remains one…

Repatriation of Profits from Lithuania

Lithuania is of the three Baltic States which has become quite attractive to foreign investors after entering the European Union. Ever since the government has made important steps in attracting foreign capital and know-how which has led to the economic development of the country. The authorities offer many incentives to foreign entrepreneurs coming to…

VAT in Lithuania

The Lithuanian taxation systemis based on direct taxes which are imposed on the incomes of Lithuanian citizens, residents and companies, but it also containsindirect 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 of those…

Open a Consulting Company in Lithuania

Starting a business in Lithuania is easy for foreign investors as long as they respect the requirements of the Company Law and the authorities in charge of issuing specific licenses for activities which need further regulations. This is also the case when opening a consulting company in Lithuania. However, not all consulting companies are subject to…

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…

Open a Recruitment Company in Lithuania

Foreign investors who want to open companies in Lithuania have several choices when it comes to the industries they can operate in. Among these industries, the human resources sector is quite prolific in Lithuania and the requirements for creating employment agencies are not very stringent. With a young and talented workforce, Lithuania is one of the most appealing European countries to open…

Obtain Business Permits and Licenses in Lithuania

Lithuania is a very appealing investment destinationfor foreign investors from both the EU and outside it. The local workforce which comprises young and well-prepared individuals, the legislation which favors foreign direct investments and the easy registration procedure of a company are just a few of the appealing factors for starting a business in Lithuania.…

Obtain a Residence Permit in Lithuania

There are several ways of moving to Lithuania, however, all of them imply obtaining a residence permit which can be temporary or permanent. Once the residence permit is obtained, an individual is also entitled to apply for Lithuanian citizenship after a period of time. The Lithuanian temporary residence permit is issued to non-EU citizens for a period of 1 year…

Hiring Workforce in Lithuania

Lithuania is not a large country; however, it boasts a young population and a skilled workforce. As a matter of fact, Lithuania has one of the youngest populations among European countries, which is also available for the labor force. In the last few years, the Lithuanian economy performed quite well, which helped not only companies here, but…

Most Attractive Investment Industries in Lithuania

Lithuania is one of the most appealing Baltic states in terms of investments thanks to its low costs of incorporating a company, but also due to several industries which attract a great number of foreign enterprisers annually. While some investors know exactly the type of business they want to open and the Lithuanian industries they want to operate in, others are looking for possibilities and search…