The business founders in Lithuania do not have to be permanent residents. Anyone, Lithuanian or not, may establish and run a successful company or business. A residence permit, on the other hand, may be required for a foreign citizen who desires to start a company and stay in Lithuania for an extended period.The kind of residency permit required depends on the individual's personal situation and the nature of their business. A foreign citizen who desires to create a business and participate as a director or shareholder may be eligible for a temporary residence visa. A foreign citizen who has successfully started a business in Lithuania and has lived there for a specified amount of time may be eligible for a permanent residence visa.Although there is no explicit residency requirement in Lithuania for business founders, foreign nationals who intend to create and operate a firm in Lithuania may need to apply for a resident visa. Bizbon is able to assist you throughout the entirety of the process of establishing a company in Lithuania, beginning with the first step of the initialization phase and ending with the final step of the completion phase along with the residence permit, visa and other related services.