OUR SERVICES
– We advise on formation of association
– We prepare all necessary documents for the association’s formation
– We provide prepared documents to the notary public and the Register of Legal Entities
– We coordinate the whole process of establishing the association
TIMELINE
~ 6 business days
PRICE
550 Eur
PRICE INCLUDES
– Register of Legal Entities fee
– Notary fee
– Preparation of incorporation documents
– Registration address for the year
– Introduction to internet bank solution
FAQ
Requirements
- Passport Copy: Required for all founding members and key representatives of the association.
- Proof of Address: A utility bill or bank statement is required for all founding members and key representatives.
- No Share Capital Requirement: Associations do not require a minimum share capital for establishment.
- Management Structure: The association must have at least one director or authorized representative. There are no specific requirements for the director or members to be local residents.
Taxes in Lithuania
- Corporate income tax of 5% for the turnover up to 300 000 Eur per year
- Corporate income tax of 15% for the turnover over 300 000 Eur per year
- Dividend tax – 15%
- VAT – 21%
Why Lithuania?
- NATO and EU member since 2004
- One of the lowest taxes in EU
- 1st in the EU for real GDP per capita growth (period 2000-2020)
- Fast and straightforward process to start a business
- Vast majority of young professionals are proficient in English
