If you’re considering launching your business in Lithuania, understanding the process of incorporation is crucial. At Fintech Balance, a leading new-generation legal service provider, we’re dedicated to simplifying the complexities of company formation in Lithuania. Join us as we provide a comprehensive guide to help you navigate the incorporation process with confidence.
Why Lithuania for Company Incorporation
Lithuania has emerged as a prime destination for entrepreneurs looking to establish their business in the European Union. The country offers a strategic location, a competitive business environment, and a simplified process for company formation that is both efficient and cost-effective. Whether you’re a startup or an established enterprise, Lithuania’s business-friendly policies make it an attractive choice.
Types of Business Entities
- Private Limited Company (UAB)
- Public Limited Company (AB)
- Joint-Stock Company (MB)
- Limited Partnership (KUB)
- etc.
The Incorporation Process
- Choose a Business Name
- Ensure it’s unique and compliant with Lithuanian regulations.
- Prepare the Necessary Documentation
- Articles of Association
- Incorporation Agreement / Act of Establishment
- Register with the Lithuania Company Registry
- Submit the required documents to the Lithuania company registry.
- Appoint a Director
- Choose an individual or legal entity to act as the company’s director.
- Obtain a VAT Number (if required)
- Not necessary at the initial stage
- Open accumulative account
- Open account at bank or electronic money institution for the formation of capital
- Notarization of incorporation documents
- Notarization (certification) of new company formation documents at notary’s office
- Register at the Centre of Registry
- Registration of all documents at the Lithuanian Centre of Registry
Post-Incorporation Steps
- Open a Business Bank Account
- Register for VAT (if needed)
- Comply with Annual Reporting Requirements
- Implement Employment Contracts and HR Policies
- Seek Legal Advice for Ongoing Compliance (depending on business activities)
Why Choose Fintech Balance for Company Incorporation
Navigating the intricacies of company formation in a foreign country can be challenging. At Fintech Balance, we specialize in assisting businesses with their company formation in Lithuania. Our team of experts understands the local regulations and can streamline the process, ensuring your business is compliant from day one.
Conclusion
Incorporating an entity in Lithuania is a strategic move for businesses looking to expand into the European market. Lithuania’s favorable business environment, combined with Fintech Balance’s expertise, can make the process efficient and hassle-free. Whether you’re a startup with big dreams or an established enterprise seeking new opportunities, Lithuania welcomes you with open arms.
Ready to embark on your journey of company formation in Lithuania? Contact Fintech Balance today and let us help you bring your business vision to life.