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…
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…
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…
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…
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,…
