Company Formation in Lithuania

Lithuania is the Baltics’ economic leader, offering a 15% corporate tax rate, reduced to 5% for micro-companies and 0% in the first year. With low inflation, a skilled workforce, and strong EU integration, it’s an ideal base for growing businesses in Northern Europe.

Pricing
Bookkeeping banner for Lithuania
  • Company Formation Support

    Company Formation Support

    We assist you in setting up your company in Lithuania, selecting the right legal structure, preparing all necessary documents, and ensuring full compliance.

  • Timeframes

    Timeframes

    With all documentation in order, registration can be completed in approximately 3 to 5 business days.

  • Ready for Business

    Ready for Business

    From initial consultation through to full registration, we handle the key steps so your company is legally established and ready to operate in Lithuania.

Overview

Quick Incorporation

Our Lithuania company formation package provides you with all you need to run a UAB in Lithuania. The process is straightforward with little complexity, thanks to Lithuania’s welcoming attitude to new business.

  • Strongest state economically in the Baltics
  • Low corporate taxes (0% for the first year if your micro-business qualifies, 5% thereafter, otherwise 15%)
  • We offer everything you need to start operating in Lithuania.

Start a business in Lithuania

A stable economy and low inflation rate make Lithuania an excellent choice for anyone wanting to invest in the country. Lithuania consistently ranks better than its Baltic neighbours in terms of its business and financial influence. IT and communications are Lithuania’s most important contributors to the GDP, making it an ideal place for tech startups.

Lithuanian Incorporation

Lithuanian Incorporation

  • Ongoing Obligations

    Ongoing Obligations

    Companies must maintain proper accounting records and file annual financial statements with the Centre of Registers. Corporate tax returns are filed annually, while VAT returns are typically filed monthly. A UBO (Ultimate Beneficial Owner) register must be maintained and kept up to date. Larger companies are subject to statutory audits, and all entities must comply with Lithuanian and EU accounting, tax, and AML requirements.

  • Business Structure Requirements

    Business Structure Requirements

    The most common company type is the UAB (Uždaroji Akcinė Bendrovė / Private Limited Liability Company). It requires at least one shareholder and one director, who may be foreign and do not need to reside in Lithuania. A registered office address in Lithuania is mandatory. Foreign ownership is unrestricted, and incorporation can be completed online through the Centre of Registers in just a few days.

  • Capital Setup

    Capital Setup

    A UAB requires a minimum share capital of €2,500, which must be fully paid before registration. Contributions can be made in cash or in kind, and the amount defines the shareholders’ liability. Small partnerships and micro-companies may qualify for simplified incorporation with reduced capital and reporting requirements.

  • Taxes

    Taxes

    The standard corporate income tax rate is 15%, but small companies with fewer than 10 employees and annual income below €300,000 enjoy a reduced 5% rate. Newly established small businesses may qualify for a 0% tax rate in the first year of operation. Lithuania also offers R&D tax deductions and participation exemptions on qualifying dividends. The standard VAT rate is 21%, with reduced rates for specific goods and services.

Company Formation in Lithuania

We will help you navigate these treacherous legal waters easily so that your trademarks are protected and secure.

£1,695.00

/ Company Formation

Buy Now

Add-ons

Registered office in Vilnius (12 months)

yearly

It is compulsory to have a registered address for your Company. Using a registered address in a well-known location will mean you’ll appeal to a wider audience and as such your customers will see you as a credible and established business

£785.00

VAT Registration Lithuania

We will file and review your VAT registration for your company with the relevant tax authorities and provide you the necessary documents.

£450.00

Online Bank Arrangement Lithuania

Based on your transactions and business industry we will recommend an online bank account that is suitable for your business. We work with numerous banks and as such feel it is important from early on to select the best one that can help with multi currency, company expense cards, manage multiple accounts under a single platform or even where you need an immediate setup banking solution that is easy and quick.

£25.00

More complex setup required?

Speak to an Expert

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How it works

See our step by step process once you purchase this item.

Business plan process illustration
  • 1

    Check the product out in your shopping cart

    Simply add the product you need to your shopping cart and then check it out to start your Lithuania company formation process.

  • 2

    Answer some questions

    We will send you some simple questions for you to fill in so that we can properly set up your new company in Lithuania.

  • 3

    Sit back and relax

    Let us do the work to set up your Lithuanian company. This will include a really quick and easy identity check where you’ll need your ID or passport to hand.

  • 4

    Reap the benefits!

    Once your company has been formed, you can officially start doing business in Lithuania!

Questions?

  • What types of companies can be formed in Lithuania?

    Private limited company by shares (UAB) General Partnership (TUB) Limited liability partnership (KUB) Public limited liability company (AB) Branch office if company is foreign-based

  • How many shareholders does a Lithuanian Private Limited Company (UAB) require?

    At least one and no more than 249.

  • What is the minimum share capital for opening a Lithuanian UAB?

    To establish a private limited liability company (Uždaroji akcinė bendrovė – UAB) in Lithuania, a minimum share capital of €2,500 is required. At least 25% of this amount must be paid in before registration, with the remainder contributed after incorporation. The capital can be provided in cash or in kind, and must be deposited into a temporary bank account prior to company formation.

  • What is required to open a company in Lithuania?

    To establish a Lithuanian private limited company (UAB), you’ll need a Constitutive Act (if there is one shareholder) or a Memorandum of Association (if there are multiple shareholders), a minimum share capital of €2,500, a list of shareholders, and notarised Articles of Association. A company seal and registration for relevant tax numbers are also required. At Start My Business, we handle the entire incorporation process for you — from preparing documents and securing approvals to registering your UAB and ensuring full legal compliance.

  • Do I need a local partner in Lithuania to open a company there?

    No. But if you are not in the country, you will need to give us power of attorney in order to incorporate it for you.