Company formation in Lithuania is simple if our lawyers prepare and take care of all the documentation for you to start business in Lithuania quickly. Our Vilnius office provides a wide range of corporate and legal services tailored to fit your needs. We can provide a turnkey solution with all the necessary business services.
Company Formation in Lithuania
Company Formation in Lithuania
How we can Support You in Starting Business in Lithuania:
Setting up a limited liability company, including new and aged shelf companies (inc. with VAT registration)
Accounting&payroll, registered office address, local representative services, banking advisory
Fintech licensing (CASP, EMI), inc. on-going AML and regulatory compliance solutions
We will help you choose the most efficient and cost-effective way to start your business in Lithuania. In most cases, individuals prefer incorporating a new company, while corporate shareholders often opt for a ready-made solution. We also offer VAT-active shelf companies for prompt transfer when needed.
In all cases, the setup can be completed remotely without the need to travel. We take care of all the documentation, ensuring everything is set up quickly and smoothly so you can start your business with ease. Get your free case evaluation today and receive a personalized price quote! »
Company in Lithuania
We'll get you started in Lithuania!
We have helped hundreds of businesses to set up in Lithuania. We offer time and cost efficient remote setup packages with no travel needed. Our pricing for company formation in Lithuania starts from 1480 euros.
Priced from 1480 euros
Company setup from 5 days
Accounting services & payroll
Crypto licenses available
CASP, EMI, PI and STO legal support
Lithuanian Limited Liability Company (UAB) Setup and Services
The Lithuanian limited liability company (Uzdaroji Akcine Bendrove or UAB in Lithuanian) is the most popular business structure, as shareholders are not personally liable for the company’s obligations. We can also support with setting up a branch office, public limited company, general partnership or limited partnership.
There are no restrictions on the residency of shareholder(s) or board member(s). In Lithuania we recommend opting for our new limited liability shelf companies, which have an active registration number and no previous activity – in some cases we also create the new company as tailor-made according to your order. We provide a 100% clean balance sheet guarantee, whilst the the share capital payment is already pre-registered.
Company formation in Lithuania can be completed remotely with a Power of Attorney (PoA) issued to us, via digital signature (available for selected EU ID card holders), or by scheduling a notary appointment in Vilnius. We will recommend the most optimal solution per the specific situation. We also prepare all the legal documentation and submit the necessary applications, requiring only basic information from you. It typically takes 5 business days from submission for the registry to finalize the full process.
We have helped hundreds of international companies with their company setup in Lithuania, while also offering expert banking advisory and assistance with licensing and regulatory compliance. With our experience and tailored approach, we ensure a smooth and efficient process for every business.
What are the steps?
Step 1: Get in touch for consultation
Let us know of your target objectives and we propose the best solution for your consideration. Preliminary consultation and detailed price quotes are free of charge.
Step 2: We take care of everything
We prepare all legal documentation and forward for your signatures. As an option we offer full remote service, no travel is needed for the company formation in Lithuania.
Step 3: Start business in Lithuania
We take care of all applications and set up any corporate services needed. We notify you when the process is finalized and when your company in Lithuania is ready for business.
Corporate Services in Lithuania
We provide a full range of corporate services in Lithuania including company formations, VAT and EORI registrations, legal advisory, virtual registered office, accounting&payroll, licensing (e.g. CASP, EMI) and bank account opening support. Corporate secretarial services on request.
Our virtual office service is a flexible solution for companies who do not need a physical office in Lithuania. We may provide an address in Vilnius that will be used for registering with the registry and as the administrative address for the company to receive postage. The postage sent to your company will be forwarded to you by e-mail (scanned copy) or by regular mail on request. We can also set up individual local telephone and fax numbers as well as a local domain name with web hosting for your company.
Our accounting department can take care of all of your Lithuanian company bookkeeping, as well as consult about financial and tax questions. The monthly cost of bookkeeping depends on the company profile, for example on the number of transactions and payroll calculations. Financial statements have to be submitted annually while VAT returns and social tax declarations have to be submitted monthly.
We work with several banks (e.g. Šiaulių Bankas and Luminor Bank) to ensure the most time efficient opening of a business bank account for your company in Lithuania. To set up the account, the director has to be present for a face to face meeting during the first application stage. The payment card and online banking security token are received in the second stage. Our compliance team will consult on choosing the best bank for your business and provide support through the account opening process.
An audit is required in Lithuania if, on the last day of the financial year, at least two of the following indicators exceed the specified thresholds:
- Annual net sales of 3.500.000 EUR or more
- Assets value on the balance sheet of 1.800.000 EUR or more
- Average number of employees during the financial year of 50 or more
For licensing projects please contact us for further information. Regarding Lithuanian Crypto Asset Service Provider (MiCA CASP) license please refer to: CASP License in Lithuania
Taxation Basics in Lithuania
We have outlined the key non-binding corporate taxation points in Lithuania. For personalized tax consultation related to your situation, please contact us to schedule a meeting with our Lithuania-based tax specialist.
The standard corporate income tax (CIT) rate in Lithuania is 15%. However, small companies with fewer than 10 employees and less than 300,000 EUR in gross annual revenue may benefit from a reduced CIT rate of 5%. Generally, CIT is applied to taxable income earned by a Lithuanian tax resident from both local and worldwide activities. Taxable income is calculated by subtracting deductible expenses and non-taxable income from the general income for the given tax period.
Distributed dividends from a Lithuanian resident company to another resident company are generally subject to a 15% corporate tax. However, if the parent company holds at least 10% of the shares in the subsidiary for at least 12 months, these dividends are tax-exempt. Dividends received by a foreign entity registered in an EEA member state, whose profits are already subject to corporate income tax or an equivalent tax, are also tax-exempt.
The standard VAT rate in Lithuania (pridėtinės vertės mokestis, PVM) is 21% and applies to all supplies of goods and services. A 9% reduced rate applies to specific goods and services, including books, informational publications, periodicals, accommodation, and passenger transportation on regular routes. The 0% VAT rate applies to exports and certain other transactions. VAT registration is required if annual taxable turnover exceeds 45.000 EUR.
Employers registered in Lithuania (including permanent establishments of foreign entities) must pay social tax on all payments made to employees. The rate of social tax is 31.98%, with 9.98% being the employee’s part and 22% being the employer’s part. The minimum gross salary in Lithuania is 900 EUR/month as of 2025.
Frequently Asked Questions
Below we have included the frequently asked questions for company formation and corporate services in Lithuania and the appropriate answers.
What documentation is needed?
In order to register and process your order we ask for you your passport scan, residential address (w. utility bill) and contact details.
How long does it take?
It usually takes 5-10 business days for the Commercial Registry to process the company setup.
Do I have to come to Lithuania?
The company setup procedures can be processed fully remotely with travel to Lithuania not required.
Why prefer the shelf company?
The most cost and time efficient alternative to forming a new company from scratch is to acquire a shelf company, which is very common in Lithuania. The advantage of the shelf company is that the business can start functioning at once and that the company already has a registration number. Further, we have already pre-registered the share capital payment, hence no separate transfers are needed at the setup phase.
What if I am not from the EU?
The Lithuanian commercial code does no set forward any restrictions to non-EU participants.
How much does it cost?
Our pricing for both new company formation and new shelf companies in Lithuania starts from 1480 EUR. The final cost of the project will depend on further services required such as local registered office address, registered agent service or similar. Also the annual costs will depend on the list of required services. We would be glad to provide a detailed quote specific to your project.
Do I need registered office address?
Having a local registered office address is mandatory for every Lithuanian company. The legal address will be shown in the commercial registry and the official letters addressed to the company will be sent to this address. We provide a virtual registered office address as a service and forward the postage received as scanned copies to your e-mail.
Can I choose the company name?
Yes, you can choose the company business name. It is subject to registry availability. Additional registry fees apply for changing the name.
How do I open the bank account?
There is no shortage of international and local banks in Lithuania and banking systems are highly advanced, however opening a bank account can be challenging and take time. It is not possible to open the bank account by proxy or by Power of Attorney, a face to face meeting is required at the bank. However, as a solution for a quick start it is also possible to open with a fintech bank in the European Union which can be done online with no visit needed and then proceed to opening with a local traditional bank in Lithuania in later steps.
What about reporting requirements?
Irrespective of size, the Lithuanian limited company has to file annual accounts with the commercial registry once a year. Small companies are exempted from the requirement of appointing an auditor. VAT returns and social tax declarations have to be submitted monthly. Our accounting department can take care of all reporting requirements on your behalf.
How to register for VAT?
We support in preparation and submission for VAT registration and all other necessary tax registries on your behalf.
How do I get started?
In the first step please let us know of your objectives for setting up a company in Lithuania. In the second step we propose the best solution with a step-by-step overview and a detailed price quote for company formation in Lithuania. In the third step we take care of all legal documentation and applications.
Questions? Our Legal Team would be Glad to Assist!
For any questions regarding company formation in Lithuania, please reach out through the contact form below. To receive an overview of the procedures and pricing, kindly provide preliminary details, such as the number of participants in your company structure and their country of residency. Our country manager can then respond with a tailored indication including information on the procedures, timelines, and a pricing breakdown.
Contact details
Our office in Lithuania is located in central Vilnius. Please schedule an appointment beforehand to be connected with our country manager.
E-mail us at lithuania@maxcorp.eu
Call our head office at +372.50.43.245
Vilnius office address:
Konstitucijos pr. 7, Vilnius LT-09308, Lithuania