OUR SERVICES
– We advise on the establishment of a public institution
– We prepare all necessary documents for founding a public institution
– We provide prepared documents to the notary public and the Register of Legal Entities
– We coordinate the entire process of setting up a public body
TIMELINE
~ 6 business days
PRICE
– 750 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 founders and members of the management board (if applicable).
- Proof of Address: A utility bill or bank statement is required for all founders and members of the management board.
- No Share Capital Requirement: Public institutions do not require a minimum share capital for registration.
- Management Structure: The institution must have at least one director or authorized representative. There are no specific requirements for the director or founders 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
