Company in Lithuania (UAB)

Vilnius is a forward-thinking place. Public and private actors are constantly working together to create better conditions for individuals and businesses to thrive here, investing in the tools and technologies.

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Information and Key Advantages

Share Capital

Share capital requirement from 1,000 EUR.

Reporting and Tax Rates

Each company should submit annual report. And if company has a VAT number, tax declarations should be submitted.

Information regarding tax rates in Lithuania can be found here.

Timing

Establishing a company in Lithuania normally takes up to 2 weeks.

Service fee

Service fee starts from 450 EUR.

Innovative and Start-up Environment

Lithuania has been making efforts to promote innovation and entrepreneurship. There is a growing start-up ecosystem, and the government has implemented measures to support the development of innovative businesses.

Tax Benefits

Lithuania offers competitive corporate tax rates, which can be appealing for businesses. Lithuania tax rates can be found here.

Skilled Workforce with English knowledge

Lithuania has a well-educated and skilled workforce. The country has a strong emphasis on education, and many Lithuanians are fluent in English, making it easier to conduct international business.