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 prescribed the types of companies one can register here, the management system of the said companies, the rights and the obligations…
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…
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…
Lithuania has a young population compared to other European countries, which is one of the reasons it attracts many investors. However, people also move here for employment purposes, case in which certain steps must be completed once one relocates here. Opening a bank account is one of these primary steps and it…
Prior to engaging in a business activity, local or foreign businessmen who want to open a company in Lithuania have to decide on the legal entity that is most suitable for their investment plans. The following types of businesses are the most popular in Lithuania: the sole proprietorships; the public limited liability companies;…
