START BUSINESS IN LITHUANIA

Lithuania is a great place to start and grow your business.
Not sure yet? Read our overview about Lithuania.

Is your activity/proffession under a special regulation in Lithuania or the EU? Or maybe, you live outside EU and need a residence permit or work permit to pursuit your goals in Lithuania? Remember to gather all the information carefully before starting in order to avoid obstructions in the future. 
READ MORE ABOUT REQUIREMENTS AND PERMITS or simply CONTACT US for free and quick individual advise on your case.

After choosing the most suitable business form and gathering all the necessary information about requirements and permits for your activity, you are ready for start your business - establish a company in Lithuania or engage in individual activity. Read more about the procedures below or simply CONTACT US to guide you through all the process.

You have developed your business idea, realized its potential, identified the outcomes you expect. And you chose to launch your startup in Lithuania, open a branch or subsidiary company or even move your HQ to this Baltic state. Great! Here are your next 3 steps to start in Lithuania:


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Proceed to STEP 1 of 3.

STEP 1. CHOOSE BUSINESS FORM

Any type of activity
Suitable for small, medium and large-scale business
Possibility to attract investment or venture capital
Starting procedure for standard prices and may last from 2-3 days to more than a week
Accountant highly recommended
Limited civil liability for most company types in Lithuania

Company seems a suitable form for your business? Then it is time to choose COMPANY TYPE.

Very easy to start
Limited scope of activities
Suitable for micro-businesses and individual service suppliers
Unlimited liability
Simplified bookkeeping and taxation.
Easy to close business
Corporate income tax not applicable

Individual activity seems suitable to you? CONTACT US for individual advise

No need for free advise? Proceed to STEP 2 of 3

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TYPES OF COMPANIES IN LITHUANIA

Private limited liability company (UAB) is by far the most popular type of company in Lithuania 
Possible to buy ready-made company or register a new company in Lithuania
1-249 shareholders (natural persons and/or companies)
Represented by the director of the company.
Board and supervisory council may be formed as well.
The amount of dividend paid to shareholders is proportionate to the nominal value of shareholders’ shares

CONTACT US for free advise or company formation services in Lithuania

No need for free advise? Proceed to STEP 2 of 3.

Small partnership (MB) is a type of company for small businesses usually run by the founders themselves.
1-10 members, only natural persons
No minimal share capital requirement
Limited liability
Simplified accounting procedure
Profit is distributed to the members pro rata according to their contributions
May or may not have a single-person management body

CONTACT US for free advise on formation of MB

No need for free advise? Proceed to STEP 2 of 3

Individual company (IĮ) is the only type of company with unlimited civil liability
Only 1 owner, only natural person
No requirement for minimal share capital
Managed by the owner himself or by hired manager
Simplified accounting procedure


CONTACT US for free advise on formation of IĮ

No need for free advise? Proceed to STEP 2 of 3

Apart from the most popular UAB, MB and IĮ, there are other types of legal entities in Lithuania. Public limited liability company (AB) is the most common business vehicle for medium or large companies. Foreign companies may establish their representative offices and branches in Lithuania. There also are specific types of entities such as general partnership, limited partnership, cooperative company and agricultural company. For non-profit needs, there are non-governmental organizations, associations, charity funds.

CONTACT US for free advise on any specific type of legal entity

No need for free advise? Proceed to STEP 2 of 3.

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STEP 2. REQUIREMENTS AND PERMITS FOR BUSINESS IN LITHUANIA

The EU Services Directive allows businesses to provide services in the European Economic Area (EEA) much easier. It requires all EEA countries to lift unnecessary legal and administrative barriers that hinder business from setting up or offering their services in another EEA country and to simplify formalities that service providers need to comply with.

Are you planning to design webpages? In that case, you may want to protect your rights by getting the design registered in Lithuania or internationally. Will you have e-shop? You might want to read carefully and comply with retail trade rules and rules for return and exchange of goods. Will you administer personal data of your clients? You are bound to be registered as a personal data administrator. 

Are you a lawyer, medic, translator or business consultant? In each of those cases (and many more) you may need to meet some specific requirements (education, workplace, insurance, etc.) to rightfully operate in Lithuania

In case your activity includes foodstuffs, you might need Approval Certificate of Food Business Operator. Also, you will have to meet strict quality requirements. In case you are manufacturing or selling alcohol products - you will need license for that. Special requirements are also applied for various chemical, pharmaceutical and veterinary products. 

Plan on opening a bar in Vilnius Old town? Your business will have to meet food hygiene standards, you will have to be approved as Food Business Operator, probably you will have to acquire alcohol and tobacco licenses, and meet the standards of storing perishable items.

Whether you are a new startup in Lithuania or an experienced entrepreneur - you might need to meet specific requirements or acquire permits to operate in specific business areas. Failing to comply with the requirements or acquire permits may have negative consequences on your business or cause legal responsibility.

CONTACT US for detailed review of your case and advise on specific requirements and permits you may need to open your business in Lithuania.

STEP 3. START YOUR BUSINESS IN LITHUANIA


PROCEDURE OF PURCHASING A READY-MADE COMPANY IN LITHUANIA




Interested in other type of business? No time to read?

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Our consultants will contact you, provide you all the information you need FREE OF CHARGE. If you are happy with our advise, we will guide you through all the process of starting and running your successful and growing business in Lithuania.

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Read more why Lithuania is one of the best countries to start your business, take a look at our SERVICE list or our recent BLOG posts.