Company registration in Lithuania

Registration fee is from 2500 €

Registration period — 1 week

Minimum authorized capital - 1000 EUR

Remote opening — yes

Financial statements — yes

Lithuania (the Republic of Lithuania) is a country located in Northern Europe on the eastern coast of the Baltic Sea. Lithuania has been a member of the EU and NATO since 2004, and is a member of the Schengen area. The capital is Vilnius.

Maira Consult recommends using a company registered in Lithuania as a transport or logistics company, for trading or manufacturing.

For a non-resident investor, company registration in Lithuania is possible by signing documents with a notary in Lithuania or electronically through the registry. Before registering a UAB company through the registry, a non-resident director must obtain a mobile signature. A mobile signature for a director of a Lithuanian company can be issued if he or she has a residence permit in Lithuania or a Lithuanian passport. To register a Lithuanian MB company electronically, a director's mobile signature is not required. 

You can register a company in Lithuania quickly and remotely, without travelling abroad.

Our experts are well versed in the process of registering a company in Lithuania and are ready to provide you with professional advice and assistance on all issues.

Lithuania advantages

1

6% income tax for small companies

2

No requirements for share capital of the MB company

3

Fast and remote company registration procedure

4

Lithuania is the main logistics centre of Europe

General Information

Registration Features

The most common types of companies are the private joint-stock company (UAB) and the small enterprise (MB).

Company Name

The name of the company must end with a word or abbreviation indicating its legal form.

Authorized Capital

  • The minimum amount of authorized capital for a UAB company is 1000 EUR, and it must be paid.
  • There are no requirements for payment of the authorized capital for registration of an MB company in Lithuania.

Director

  • At least one natural person; there are no residency requirements.
  • The director of a UAB must be formally employed and receive a salary (1,153 EUR gross). - An MB has no requirements regarding the formal employment of its director.

Shareholders

  • At least one individual or legal entity, no residency requirements (for UAB).
  • In MB company, only an individual can be a shareholder.

Financial Reporting

All Lithuanian companies are required to keep and submit annually financial statements. In some cases, an audit is required. If the company has a VAT number, it is additionally required to file monthly VAT returns.

Taxation

  • Corporation tax is 7% for companies with an annual turnover of up to 300,000 EUR.
  • For Lithuanian companies with an annual turnover exceeding 300,000 EUR, corporation tax is 17%.
  • Dividend tax is 15%, but dividends received from a foreign company registered in an EU Member State are not subject to tax.
  • A Lithuanian UAB may only distribute dividends after paying corporation tax.
  • A Lithuanian MV company may distribute dividends on a monthly basis, but the total amount for the year must not exceed 100,000 EUR.
  • The standard VAT rate is 21%; for certain types of activity, VAT rates of 9% and 5% apply.

Confidentiality

The state register is open. The information about the company, director, shareholder, and the size of the company's share capital is public available.

Stages of company registration

01

Choosing the name and form of the company

Before registering a company in Lithuania, you need to submit a request to the Commercial Register to check the availability of the name. Once it is confirmed, the preparation of corporate documents begins.

02

Preparation and collection of documents

Each member of the company must provide a passport and proof of residence (utility bill). Before registering a UAB company, a non-resident director must obtain a mobile signature (not required for MB companies).

03

Identification of company participants

Registration of a company in Lithuania can be carried out both remotely and with the personal presence of the director and shareholders. A company can be registered through a notary or directly through the state registry.

04

Formation of the share capital (if necessary)

The minimum share capital of a UAB company is 1000 EUR. Before the registration, the share capital must be paid in full to the company's bank account in a Lithuanian bank.

05

Company registration

The process of registering a company in Lithuania usually takes 5 to 10 business days after receiving all the necessary documents, depending on the workload of the notary or the state registry.

06

Receiving of corporate documents

As soon as a company in Lithuania is registered, the register issues ready corporate documents with the appropriate stamps.

07

Legalization of documents (if necessary)

If necessary, the documents of the Lithuanian company are submitted for legalisation and apostille.

08

Delivery of corporate documents

Originals of corporate documents of a Lithuanian company are sent by courier service.

Answers to the Most Common Questions:

Registering a company in Lithuania includes choosing a unique name, preparing the founding documents, making the minimum authorized capital and submitting the documents to the State Register of Lithuania. Remote registration is possible through the electronic registry, which simplifies the process for non-residents.
The cost of company registration in Lithuania starts from 1800 euros. This amount includes the costs of document preparation, state fees and support of all stages of registration.
The period of company registration is usually about one week, provided that all documents are correctly prepared and submitted in time.
Yes, Lithuania provides the possibility to register a company for both residents and non-residents, which makes the country convenient for international business.
Non-residents can freely open a business in Lithuania. The country's legislation does not restrict the rights of foreign founders and directors, which makes Lithuania attractive for international investors.
Yes, company registration in Lithuania can be done online through the electronic registry, which is especially convenient for non-residents who want to manage the process remotely.
The basic corporate tax rate in Lithuania is 17%. For small companies with an annual turnover of up to EUR 300,000, a preferential rate of 7% applies, which makes taxation attractive for small businesses.

Our Contacts

Phone

+380 97 527-66-30

Client Relations Department

+380 73 427-66-30

Email

[email protected]

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Legal information

MAIRA LLC

EDRPOU code: 38202700

Jurisdiction: Ukraine

Working hours

Monday – Friday: 09:00 – 18:00

Saturday – Sunday: closed

We respond to inquiries within 15–30 minutes during working hours

Messengers

Social Networks

International Law Company Maira Consult