Company Setup in Lithuania for Your EU Business Growth
Are you thinking about starting a business in the European Union 🌍 and searching for a jurisdiction where company registration is straightforward, reliable, and attractive for entrepreneurs? Lithuania might be the right choice!
Register a Company in Lithuania within a Few Days!
Opening a company in Lithuania 🚀 is a practical decision for those planning to enter the EU market. This Baltic country combines a stable legal system with a dynamic business environment and clear tax rules:
✅ Favorable taxes — 16% corporate tax, and only 6% for small companies. 💼
✅ Quick and transparent registration — establish your company in just a few days. ⏱️
✅ Remote options — incorporate or purchase a company without being physically present. 🌐
✅ Strategic location — gateway between Western Europe, Scandinavia, and the Baltics. 🌍
Grow your European business with Lithuania’s favorable conditions
Company incorporation in Lithuania usually takes under one week 🕒. As a professional service provider, we ensure reliable support throughout the entire registration process — from documents to a ready-to-operate business. 💡
Get In Touch With Us - Corporate Services Are Our Specialty! Send RequestStart a Company in Lithuania – Quick, Easy & Business-Ready
Establish a Lithuanian Company – With Full Legal, Accounting, and Ongoing Support
Lithuania has quietly turned into one of the most practical places in Europe to start a business. Entrepreneurs come here because the rules are clear, the costs are reasonable, and the government doesn’t make things complicated for foreign founders. It’s a country where you can set up quickly and then focus on growing across borders, instead of spending months stuck in bureaucracy.
What’s more, Lithuania has a reputation that goes beyond easy registration. It’s a country that has carved out a real niche in fintech and innovation. If you register here, you’re not just getting access to the EU market — you’re stepping into an environment where new ideas are actually encouraged, and the infrastructure helps businesses grow rather than slow them down.
Company Formation in Lithuania — Simple Enough
Ready to grow your ideas? 🌍✨ Lithuania offers a clear framework for entrepreneurs with fast registration, transparent rules, and strong support for new businesses.
We help you choose the right legal form, 📄 prepare all required documents, and ✅ guide you through the full registration.
Take the first step and establish your company in Lithuania with professional support. 🚀
Find the Right Package to Open Your Company in Lithuania
Pick the company setup option in Lithuania that fits your goals and travel plans best. Each package comes with clear timelines, transparent pricing, and expert support along the way.
Company Formation with a Personal Visit
Register your company in Lithuania with the help of a notary in Vilnius. Our lawyers will handle the paperwork and support you at every step of the process.
Based near Lithuania
Frequent travelers
Those who value speed
- ✅ Tailored legal support
- ✅ Company structures to fit your needs
- ✅ Quick setup completed during your visit
Remote Company Registration via Power of Attorney
It’s possible to set up your company entirely from abroad using a notarized power of attorney. No trip to Lithuania is required—our team manages everything for you.
Non-EU founders
Those unable to travel
No local ties
- ✅ No travel required
- ✅ Perfect for busy business owners
- ✅ Open to clients from outside the EU
Get a Ready-Made Lithuanian Company
Acquire a ready-made Lithuanian company complete with a legal address and full documentation—the quickest route to begin with business operations in Lithuania.
Quick business start
No waiting time
Complex corporate structure
- ✅ Fully operational entity from day one
- ✅ Immediate start with remote handling
- ✅ Verified and legally compliant entity
Lithuania has another advantage that founders notice quickly — location. It sits at a crossroads in Europe, which makes it easy to reach both nearby markets and bigger opportunities further west. On top of that, there’s a strong pool of skilled people, good language skills, and a business culture that’s friendly toward newcomers. All of this makes it a place where running a company doesn’t feel like a constant uphill climb.
So what happens when you actually decide to set up here? Some things are very straightforward, while others need a bit more attention. In the next part, we’ll go through the basics step by step: how the registration works, what company types you can choose, and how taxes really apply in practice. By the end, you’ll have a clear picture of why so many entrepreneurs settle on Lithuania — and how Eesti Firma can help make the process less stressful.
Why Lithuania Is the Smart Choice for Your Company Setup
Starting a business in Lithuania is easier than many expect. The rules are straightforward, costs are reasonable, and you won’t get buried under endless forms.
Worth knowing
Lithuania supports entrepreneurs with a small business tax break. If your company meets certain conditions, you can pay just 6% corporate income tax instead of the standard 16% — a big help for startups and growing businesses.
Instead of wasting months on red tape, you can get moving quickly and focus on building your idea. That’s one of the reasons more and more founders are paying attention to Lithuania.
Lithuania in Global Business Rankings
These rankings show how Lithuania has built a reputation as one of Europe’s most dynamic and entrepreneur-friendly economies.
| Index | Organization | Rank | Year / Scope |
|---|---|---|---|
| International Tax Competitiveness Index | Tax Foundation | 5th | 2024, Global |
| Ease of Doing Business | World Bank | ~11th / ~190 | 2020, Global |
| Global Entrepreneurship Index (GEM) | GEM Consortium | 2nd | 2024, Global |
| Global Innovation Index (GII) | WIPO | ≈34th–39th | 2024, Global |
| Economic Freedom (Europe) | Heritage Foundation | 10th / 44 | 2024, Europe |
| World Competitiveness Ranking | IMD | ≈34th | 2024, Global |
| Startup Ecosystem Ranking | StartupBlink | ~19th | 2024, Global |
| Business Reforms & Regulation | World Bank | 4th / 28 | 2023, EU |
Rankings put Lithuania high on the list for tax competitiveness and ease of doing business, but numbers don’t explain everything. The truth is, running a company here feels practical. Things generally work, support is available, and the state puts real effort into backing entrepreneurs. From small tax breaks to startup programs, it’s a country that makes life easier rather than harder.
- Location that works. Right in the middle of Europe, Lithuania connects the EU with Scandinavia and Eastern markets — ideal for trade and partnerships.
- Taxes that help. Corporate tax is 16%, but many small companies qualify for just 6%. Some new firms even get 0% in the first year.
- Support for innovation. The government invests in tech and new ideas, which is why Lithuania has become a hub for IT, fintech, and startups.
- Full EU access. As an EU member since 2004, Lithuania offers a direct route to more than 500 million consumers, plus simple VAT registration and European banking.
Put simply, Lithuania offers low taxes, good infrastructure, and fast access to international markets. For freelancers, small businesses, and ambitious founders, it’s not just another EU country — it’s a place where growing a company actually feels possible.
Things to Know Before You Begin
Thinking about establishing a company in Lithuania? The rules are clear, the system is practical, and it won’t take long to understand the essentials.
Did you know?
Lithuania is now the No. 1 fintech hub in the EU by the number of licenses issued. More than 280 fintech companies are active here, serving over 30 million customers across Europe — including Revolut Bank UAB, ZEN.COM, Phoenix Payments, and TransferGo Lithuania, which are among the market leaders.
Source: Bank of Lithuania
Here’s what really matters before you begin:
- Minimum Share Capital. The go-to form is the UAB (Private Limited Liability Company). Since 2023, you only need €1,000 to set one up — a big drop from the old €2,500. A quarter of that has to be paid in when you register. If you’re aiming for a large-scale project, the AB (Public Limited Company) is also an option, but it requires around €40,000.
- Ownership and Management. You don’t need a group of founders — one person is enough, and that same person can also be the director. Foreigners can own 100% of a company, and there’s no requirement to live in Lithuania. That makes it easy for international entrepreneurs to get started.
- Taxation. Profits are taxed at 16%, but smaller companies can qualify for a 6% rate. Dividends are generally taxed at 16%. VAT is 21%, with reduced rates for certain goods and services. The system is simple enough, and the lower rate helps small businesses keep more of what they earn.
- Banking and Payment Services. Lithuania has both strong traditional banks and one of the EU’s most dynamic fintech sectors. Many founders open accounts with Paysera, Revolut, or Wise because they’re quick and global, while others prefer local banks like SEB or Artea. Either way, you won’t struggle to handle payments or taxes.
In short: Lithuania combines low entry barriers, flexible ownership rules, straightforward taxes, and a thriving fintech scene. Add access to the entire EU market, and it’s a strong choice for anyone ready to launch and scale a company.
Business Entities Available in Lithuania
Setting up a business in Lithuania might seem tricky at first, but don’t worry — the process is much clearer than it looks. You’ve got a few company types to choose from, and each has its own rules about capital, liability, and how much flexibility you get.
Some Statistics
Today, 151,868 commercial enterprises are registered in Lithuania — and the clear favorite is the UAB (Private Limited Liability Company), making up about seven out of ten businesses. It’s the go-to form for entrepreneurs who want something safe, flexible, and growth-friendly.
Some options are great if you’re just teaming up with a friend or running a small family project. Others are built for bigger goals, like bringing in investors or even going public one day.
Here’s a quick guide that skips the heavy legal talk and helps you figure out which setup makes the most sense for your plans.
- Private Limited Liability Company (UAB — uždaroji akcinė bendrovė). The go-to choice for most entrepreneurs. Your personal assets are safe, you only risk what you put in, and you can start with just one founder. The minimum capital is €1,000. UABs are private, which means shares aren’t sold on the stock exchange, but for small and medium businesses — local or international — that’s usually perfect.
- Public Limited Liability Company (AB — akcinė bendrovė). This one is for bigger projects. With €40,000 minimum capital and a supervisory board, it’s more complex — but it lets you raise money from lots of investors and even go public. If you’re aiming high and want outside funding, AB is the right tool.
- Small Partnership (MB — mažoji bendrija). A super flexible format for up to 10 people. No capital requirement, simple setup, and members run everything themselves. Ideal for small teams, friends, or family businesses that want to share profits without too much formality.
- Individual Enterprise (IĮ — individuali įmonė). Basically a sole proprietorship. One person runs the whole business under their own name. Quick to incorporate, but there’s a catch: you’re personally on the hook for debts, so your own assets are at risk.
- General Partnership (TŪB — tikroji ūkinė bendrija). At least two people team up and share full responsibility. No need for share capital, but since every partner is personally liable, it’s not the most popular choice.
- Limited Partnership (KŪB — komanditinė ūkinė bendrija). A mix of roles: one partner takes full responsibility and manages the business, while others invest and risk only their contribution. It’s a way to bring in silent partners without giving them unlimited liability.
Most entrepreneurs in Lithuania choose a UAB — it’s simple, safe, and flexible enough for growth. If your goal is to attract serious investors, an AB makes sense. MBs are perfect for small groups, and IĮs are quick but risky. Partnerships still exist, but because of the personal liability, they’re less common today. All these rules and requirements are set out in Lithuania’s main corporate legislation — the Law on Companies.
Why Entrepreneurs Choose Us
Lithuania is a great place to start a business — the process is simple, but it can still take time and energy to figure out the details on your own. Having a local partner makes the journey faster, helps you avoid costly mistakes, and gives you confidence that everything is done right. That’s where we step in.
- Proven experience. With more than a decade of work and thousands of companies registered, we’ve handled everything from freelancers to international startups. We know what works — and what to watch out for.
- All services under one roof. No need to run between providers for legal support, accounting, or tax advice. With us, you get everything in one place — one team, one point of contact.
- Up-to-date knowledge. Lithuanian rules and tax requirements can change. We keep track of updates so your company always stays compliant, leaving you free to focus on growth.
- Personal approach. Your business isn’t just another case for us. We listen, adapt, and provide advice that matches your needs. Many of our clients stay for years because they value the trust and support we provide.
- Less paperwork, more progress. We handle the routine: drafting documents, working with notaries, applying for VAT numbers, filing annual reports, and more. You save time and energy for clients, products, and growth.
With Eesti Firma you’re not only getting a service provider. You gain a long-term partner who understands the Lithuanian system and helps you use it to your advantage.
Get Started with Free Advice
Opening a company in another country can feel like a big step. Rules are different, documents can be tricky, and it’s easy to wonder what you might miss. That’s why we start with a free talk — simple, practical advice on how to set up your company in Lithuania.
Over the years, Eesti Firma has worked with all kinds of founders. While every story is unique, the doubts are familiar. We make sure those doubts don’t hold you back, leaving you free to build your business with confidence.
“
Our Mission – Your Growth
When we expanded our services to Lithuania, the goal was clear: to help entrepreneurs feel confident when launching a business here. Over the years we’ve built a team that understands the Lithuanian system in detail. We handle the procedures, you concentrate on your ideas, and if challenges appear — we’ll be right there to guide you through.
For us, that’s what real partnership looks like.
– Ilja Nikiforov, CEO of Eesti Firma
FAQ | Frequently Asked Questions
Starting a business in Lithuania is straightforward, but many practical questions often come up along the way. We’ll guide you through the process and support you at every step. Below you’ll find answers to the most common questions about company registration.
- What is the most popular type of company in Lithuania?
The most common form is UAB (Uždaroji akcinė bendrovė), similar to a private limited liability company. It suits small and medium-sized businesses, limits shareholder liability, and offers flexible management.
- Can foreign citizens own a Lithuanian company?
Yes. There are no restrictions based on nationality or residence. Foreigners can own 100% of the shares and act as company directors.
- Is a legal address required to register a company in Lithuania?
Yes. A local legal address must be provided in the incorporation documents and is used for official correspondence with state authorities.
- How long does it take to register a company in Lithuania?
Online registration usually takes 3–5 business days. If notarial certification or more complex procedures are needed, it may take 1–2 weeks.
- What is the minimum share capital for a company?
The minimum share capital for a UAB is €1,000. At least 25% (€250) must be paid in at registration, with the remainder contributed within the first year.
- Where can a Lithuanian company open a bank account?
Accounts can be opened in banks (Swedbank, SEB, Artea) or with fintech providers such as Paysera, Revolut, or Wise. Many new companies start with fintech solutions and later add a traditional bank account.
- Is accounting mandatory for Lithuanian companies?
Yes. All legal entities must maintain accounting records. Even inactive companies must file reports, which are usually handled by external accounting firms.
- When must the annual report be filed?
The annual financial report must be submitted to the Register Centre by May 31 of the following year. Corporate income tax is due by the 15th day of the sixth month after the end of the financial year (e.g., June 15 if the financial year is the calendar year).
