Lithuania
Service: Ready-made companies in Lithuania with nominee service and bank account. It is possible to acquire a company with and without VAT.
Deadlines: within 24 hours from the moment of payment, we transfer documents to the company and access to the account. We also provide assistance in registering a new company in Lithuania.
Lithuania is a small country on the Baltic Sea coast that has achieved impressive success in economic development over the past decades. After gaining independence in 1990, Lithuania implemented a series of reforms aimed at transitioning from a planned to a market economy, and today it is one of the fastest-growing economies in the European Union.
Lithuania offers attractive conditions for foreign investors: a skilled workforce, developed infrastructure, low taxes, and ease of doing business. The country ranks high in international ratings of economic freedom and competitiveness.
Types of legal forms
Registration of a company in Lithuania is relevant, as an entrepreneur can gain access to the EU market.
Companies located in this country are protected from double taxation; the registration procedure lasts relatively short.
The country's legislation has no restrictions in the direction of the establishment of companies by foreign businessmen. Non-resident may establish jur. a person of different organizational forms, however, when establishing it is recommended to take into account ease of management, degree of responsibility, etc.
The following enterprises have a special distribution in the country:
- PI;
- JSC;
- COMPANY.
The advantages of individual entrepreneurship are simplified accounting, financial statements are not required - only a tax return is sufficient.
Features of the opening of JSC - the possibility of limiting the liability of the founder. The minimum authorized capital when creating a company is at least 2500 euros. An alternative option - the creation of jur. persons with limited liability.
Company registration in Lithuania online
The first step in registering a company is to choose a company name and carry out procedures for its approval in the register. After that, depending on the chosen form of ownership, it will be necessary to prepare a package of documents and pay all the necessary fees. To facilitate the registration process, contact the company IT - OFFSHORE.
About taxation
One of the main taxes - on the profits of the company - is 15%. In addition, the VAT is paid in the amount of 21%. Dividends should also be paid, but some legal entities are exempt from these payments.
Advantages and disadvantages of registering a company in Lithuania
- Lithuania has concluded interstate agreements with some countries;
- The country provides additional business development opportunities;
- You can temporarily stop the company;
- When conducting business in the country, a citizen can obtain a residence permit.
Of the minuses, we can note the high requirements for the founders, you will need to provide some identification information.
Open a bank account
To open an account, company owners must submit a package of documents to a financial institution.
The list of required papers includes:
- Certificate of registration of the company;
- Charter of the company;
- Order on the appointment of a director.
The list of papers can be added or changed depending on which institution the applicant has applied to. The time for consideration of documents and the final decision-making takes on average up to 5 days.
Subsequently, the company can carry out full activity. Managing a company's account is relatively simple, as banks offer online services with which it is possible to carry out the necessary transactions in a short time. If the bank suspects that the transaction is risky or is associated with money laundering, the transaction may be suspended and the account is blocked.
