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 the Bank of…
Initial coin offering (ICO) in Lithuania refers to any process through which digital coins are used for the purpose of raising capital for investments in various types of products/services. In Lithuania, ICOs are divided into 2 main categories: 1) ICOs which do not provide profits or governance rights and 2) ICOs used for generating profits and governance rights. Based on these 2…
Opening an Amazon store in Lithuania can become a very successful business activity for both natural persons who sell their own products over the internet, as well as well-established companies interested in expanding their market. The advantage of an Amazon store is firstly given by the fact that one can easily address to…
If you want to open a Lithuanian company operating as a crypto business, you must know that you will need a crypto license. For investors interested in Lithuania 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 is the…
A Lithuanian company where the majority of capital is owned by a foreign company is called a subsidiary. Foreign companies choose this type of company instead of branches because of the limited liability obtained by the foreign shareholder and because of the tax incentives offered, especially for companies coming from countries which have signed double tax treaties…
Lithuania is one of the three states with access to Baltic Sea and a member of the European Union since 2004. Moreover, in 2015, Lithuania became a member of the eurozone, as the euro became its national currency. Ever since, the country has followed an upward trend from an economic point of view and started…
As a foreign investor interested in opening a company in Lithuania, you must know that you have the possibility of choosing from several company types. Among these, limited liability companies are very popular. A company type that is generally selected for incorporation is the private limited liability company in Lithuania - Uzdaroji Akcine Bendrove (UAB), a…
Set up an appointment or ask us a question! Ph./Fax: +371 26742086 Email: clients(at)lawyerslithuania.comPlease replace (at) with @ – We do this to avoid spam.Address: Vilnius, Lithuania CompanyFormationLithuania.com is a division of Bridgewest.eu, a company specialized in offering incorporation services throughout Europe. Bridgewest.eu (the main company) is based in Cyprus and established…
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;…
