Company Formation

Starting a company can be an exciting, but it also involves a lot of legal requirements and paperwork. Our law firm offers company formation in Lithuania services to help new market participants or well established businesses to navigate the processes of setting up a new company. Fintech Balance assists clients from choosing the right business structure based on the business model to filing necessary paperwork and obtaining additional licenses and authorizations. Thus, our legal professionals will guide you throughout every step of company formation.

Our team of experienced lawyers will ensure that your company is set up in compliance with all applicable laws and regulations with or without your presence. We also provide further accounting and legal support, so you can focus on growing your business in the best manner.

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    Benefits of Company registration in Lithuania

    Lithuania is a favorable jurisdiction for company formation, not only because it has few requirements but also because it offers various benefits. Here are some of the general benefits of conducting business in Lithuania:

    • Reasonable Income tax rates of 5% and 15%;
    • Chance to develop business in the EU markets;
    • Double taxation security;
    • Minimum number of tax audits;
    • Steady economy;
    • Possibility of VAT return;
    • Provides the right to a residence permit for non-residents;
    • Surfs minimum annual cost.

    Most Common Forms of Legal Entities in Lithuania

    When considering company incorporation in Lithuania, there are some of the most common forms of legal entities in Lithuania:

    1. UAB – a private limited liability company, where the liability of the shareholders is limited to the amount of their share capital contribution;
    2. AB – a public limited liability company, where the shareholders’ liability is limited to the amount of their share capital. Mostly used for IPOs (Initial public offering);
    3. MB – a small partnership, where the members are jointly and severally liable for the debts and obligations of the partnership;
    4. Individual enterprise – where a person operates a business individually and is personally liable for all debts and obligations;
    5. KŪB – limited liability partnership, where the liability of the partners is limited to the amount of their partnership contribution. Flexible internal government structure, mostly used for establishment of investment vehicles;
    6. VŠĮ – public institution, usually used for no-profit activities, such as education, science, culture, social activities, etc.

    Process of Company Registration in Lithuania

    • Legal entity name lookup, check for individuality and register in the local Lithuania Business Registry;
    • Selecting the form of legal entity;
    • Search for a company’s legal address;
    • Opening company’s accumulative account in a Lithuanian bank in order to transfer the necessary authorized share capital;
    • Preparation of all incorporation documents (Articles of Association, Deed of Incorporation, etc.) and certify them with a national notary;
    • Provision of documents to the Lithuanian company register;
    • Register your company with the Social Insurance Authority;
    • Register your company with the local Tax Authority.

    Minimal requirements for Company formation in Lithuania

    Lithuania Company Register has following criteria:

    • Min requirement of share capital 1000 EUR (of most common form of legal entity – limited liability company);
    • Appointment of the director (may be foreign);
    • Local address of legal entity;
    • Provision of annual financial reports;
    • Other requirements may be applicable by Lithuania business registry depending of the business activities.

    Additional Services Related to Company Registration in Lithuania

    1. Establishment of organizational structure – assistance identifying the appropriate legal structure, incorporation of holding companies in tax efficient jurisdictions, transferring companies shares, designing ownership structure, etc.;
    2. Tax advisory – guidance and advice regarding tax obligations and liabilities, minimizing tax liabilities from cross-border activities, creating a tax planning strategy, etc.;
    3. Banking solutions – guidance and assistance to clients who want to open a bank account for their business or personal needs, including offshore companies, etc. Such service includes, selecting the appropriate bank, preparing the necessary documents liaising with the bank, etc.;
    4. Assistance in hiring employees – guidance and support to employers who are looking to hire new staff. Such service includes potential employees background / knowledge check, interviewing, establishment of employment policies and procedures, etc.

    For more please see our Services page.


    One week from receipt of all the documents.

    Yes. Lithuania company incorporation may be done by issuing the Power of Attorney which shall be apostilled / legalized depending on the issuance jurisdiction. By structuring the incorporation process in such a manner, client‘s physical presence is not mandatory.

    No. All employees, management, shareholders may be foreigners and do not have to reside in Lithuania.

    Company name shall be registered (reserved) with the Lithuanian Centre of Registry. Please note that all languages can be used for registration of legal entity name (only Latin letters). Lithuania Company formation and registration services are available for all business types, including private limited companies and public limited companies.

    There are no annual government fees or expenses for having a company in Lithuania. Expenses solely depend on the business activities (fees for service providers, salaries, income taxes, etc.).
    Additional costs may occur for the financial reporting matters, but financial reports are mandatory and shall be submitted annually to the Lithuanian Centre of Registry. We may support you in the preparation and submission of such reports and can give you the best assistance in your Lithuania company formation and registration issues.