If you are seeking company registration in Lithuania, you’ve come to the right place. BIZBON consultants specialize in assisting clients with legal entities a new company formation or acquiring legal entities already registered shelf companies in Lithuania.
Company registration in Lithuania services that include obtaining a VAT number, setting up a bank account, or establishing a company with a solid credit history, BIZBON is here to provide comprehensive support throughout the entire process.
Our comprehensive range of services includes handling registration formalities under Lithuanian law and state fees at the public company State Enterprise Centre, providing a registered address for your company, preparing a company establishment act and articles, and facilitating financial reporting.
Additionally, we can assist you in opening a firm’s bank account and obtaining a VAT number, essential components for conducting business in Lithuania. BIZBON’s work experience since 2005 allows smooth and fast company formation in Lithuania for your business.
Contact us today for a company registration cost in Lithuania’s European market and explore your options to start your journey towards establishing or acquiring a company in Lithuania with confidence.
Company formation in Lithuania process step by step
BIZBON offers convenient and efficient remote services for company registration in Lithuania, eliminating the need for you to visit our office in person. Whether you are interested in forming a new company or purchasing an already registered one, we handle all the paperwork remotely to ensure a smooth and hassle-free process.
The timeline for company formation in Lithuania is approximately 2 weeks for a new company and about one week for purchasing an existing company. To get started with your company formation or acquisition, follow these steps:
- The customer sends us documents for company registration and necessary details (passport copy, current address, two to three preferred company names for registration, business description) via email to [email protected].
- The client pays an advance payment of 50% of the total amount to initiate the process
- We prepare the necessary documents for the Client to sign within a week or faster and send them by email
- Then the Client signs the documents and sends them back by email.
- Once the paperwork is submitted, it usually takes a week to prepare all the necessary documents for the client’s company registration in Lithuania.
- Once the company documents are prepared, we send the Client a scanned copy of the company registration certificate. The Client is required to pay the remaining 50% of the total amount.
- In the following stage, the customer settles the remaining half of the amount.
- Finally, we do send out all arranged documents to the Client by email. There are no more hard copies, all electronic documents are registered online.
Let BIZBON be your trusted partner in establishing your company documents in Vilnius, providing the expertise and support you need to navigate the complexities of company registration Lithuania and setup. Establishing a business presence in Lithuania offers numerous opportunities. Contact us today to learn more about company registration costs in Lithuania our tailored services and how we can assist you in achieving your business goals in Lithuania.
Once we receive your documents and prepayment, our team will promptly begin preparing the necessary company formation paperwork. We will keep you updated throughout the process and handle all aspects of the company formation remotely.
Types of Lithuanian Company Structures
In Lithuania, as in other Baltic states like Latvia and Estonia, the term “company” refers to a legal entity established for commercial purposes. In Lithuania, the types of business entities:
- Most popular among our clients is Mažoji Bendrija or MB is a partnership in which one or more people manage a business jointly comparable to an LLC company in various jurisdictions. These types of companies require at least one member who is jointly and severally liable for the partnership’s obligations. This type of Lithuanian business is ideal for use as a private company or as an individual enterprise. There is no minimum share capital requirement for MB. Shareholders of this company can be only natural persons. It is the fastest company formation process.
- In Lithuania, the most common joint stock company form is a UAB, or Uždaroji Akcinė Bendrovė, which is the equivalent of a private limited liability corporation in other countries. Apart from its investors, it has its legal personality, and its assets may be confiscated to fulfill its obligations. Investors are solely responsible for the amount of their original investment in shares. The minimal share capital of this company is 1.000 Eur. Shareholders of this company can be natural and legal persons. A UAB is suitable for large companies, while an MB is better suited for sole proprietorship.
- Branch Company available in Lithuania is a subdivision of a parent company. Essentially, this refers to a UAB-type entity where all company shares are wholly owned by another corporation, whether located within Lithuania or abroad. A branch company can conduct business activities, earn profits, pay taxes, and hire staff, but it should operate under the same business model as the parent company. More information about Branch company registration in Lithuania can be found in our other article here
How to choose the right legal form of the company?
Small Partnership – Mažoji Bendrija (MB)
Choosing the legal form of Mažoji Bendrija (MB) for registering a limited partnership business in Lithuania can be advantageous for several reasons:
- Tax Efficiency: MBs benefit from a tiered corporate income tax (CIT) rate. The standard rate is 15%, but qualifying companies can enjoy a reduced rate of 5% or even 0% on reinvested profits, which can significantly aid in long-term growth.
- Ideal for Acquiring Temporary Residence Permit in Lithuania. Once you register MB in Lithuania you can apply for the 2 years Residence permit. There several attractive options how to get the TRP, more information please find here.
- Skilled Workforce: The country boasts a highly skilled and multilingual talent pool, which is essential for businesses aiming to thrive in a dynamic environment. For more details please check here .
These factors combined make the MB a compelling choice for entrepreneurs looking to establish a presence in Lithuania and leverage the country’s business-friendly environment.
Limited Liability Company – Uždaroji Akcinė Bendrovė (UAB)
Some of the foreign investors in Lithuania set up a UAB limited company. With as little as € 1,000 in registered capital, a limited liability company may be founded. A bank account must have at least 25% of the requisite registered capital as per the Lithuania Company Register.
UAB or type of partnership – LLC in Lithuania Company Register may have one or more founders (shareholders). The owner does not have to be a resident of the Republic of Lithuania or other Europe country. A limited liability company (LLC) is a legally separate entity. The company’s and its investors’ responsibility is restricted. If the following conditions hold on the final day of the fiscal year, an audit of the previous year’s financial statements is required: the company’s net sales wee EUR 3.5 million, its total assets were EUR 1.8 million, and the usual number of people on the payroll was 50 people per year.
A subsidiary or branch office registration legal entities
Foreign firms and general partnership organizations are permitted to establish representative offices and subsidiaries. A subsidiary of the parent business is a foreign enterprise or organization having a representative office or branch in Lithuania. One of your supervisors should be situated in Lithuania. A branch office or representative branch office is an extension of a foreign company.
A branch office is a physical site apart from the main office where the firm conducts some or all of its operations. The branch office may do business within the parameters established by the parent firm.
A branch of a company or other legal entity that may act in its name and on its behalf is known as a representative office. A representative branch office, although it may promote and market, does business on its own. The parent foreign Company is responsible for the activities of the representative office or branch office in Lithuania.
BIZBON’s aim is to make company registration in Lithuania much easier!
The process of company registration in Lithuania consists of several stages
For your convenience, BIZBON may accordingly offer you:
- A new from zero established company with your preferred company name and all the necessary internal documentation package (i.e. new company registration, corporate bank account, or business license if needed);
- A firm in Lithuania (shelf company) that has been already established but no business activity has been executed;
- An enterprise that has been already established and has been operating for some time but due to some reasons no business activity is executed now.
A running business for sale that is operating now, has turnover, employees, etc. Choosing this type of company may ensure you steady revenue, a verified business model, also eases you the procedure of getting a residence permit and ensures you unrestricted travelling through all the Schengen area in EU.
If you still have some questions on how to choose the best company according to your needs or you are doubting and looking for some good advice from professionals, you are always welcome to contact us online as well. Also, we can give you some good advice on the regions and cities in Lithuania where you can start and develop your business.
Related links for Immigration To Lithuania
Different options how to get Residence Permit in Lithuania by registering a company
One Year Multiple Entry Schengen Visa Type-D
