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…
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…
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…
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…
Lithuania is the largest country among the Baltic states, which is why it attracts a great number of investors interested in starting companies here. Speaking about companies, one of the most successful types of structures here is the holding company which is a business form that owns and manages the assets of other companies (our consultants…
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…
Trademark registration in Lithuania falls under the Law on Trade Marks which was enabled in 2000 and enacted in 2001. Our Lithuanian company formation consultants can offer information on the legislation related to intellectual property, including trademark registration. In Lithuania, local and foreign entrepreneurs who open companies here will usually have a representation of their brands which will…
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;…
