Company registration in Lithuania will open your doors to European Union market with a new perspective. International companies choose Lithuania for its developed infrastructure, cost competitiveness, highly skilled workforce and regulatory requirements.

Lithuania is currently one of the best places in the world for FinTech companies. In case you have decided to establish an electronic money institution (EMI) or financial payment service provider (PSP) Lithuania will the best place to do that. Not only you will have access to the EU market with easy possibilities to manage your financial institution in accordance with the EU regulations, but it will enable a great reach of customers.

EU LAW FIRM offers company formation in Lithuania completely remotely, so there is no need for personal presence to form a company. We offer full legal assistance to our clients in registering company in Lithuania.

Company formation in Lithuania is a simple process that can be accomplished in a couple of business days, depending on how fast the incorporation documents are prepared. Below, EU LAW FIRM lawyers provide general information regarding the jurisdiction, company registration in Lithuania and the requirements for businesses to start their operations in Lithuania.

Lithuania Background:

Lithuania is a country situated in the Baltic region of Europe. Lithuania is largest of the three Baltic states.

The country is famous for its flexibility on company registration and one of the lowest corporate tax rates in EU. Lithuania also offers great business and regulatory environment for Fintechs. Currently, Lithuania is home to more than 200 Fintechs By 2021, Lithuania is home to more than 230 Fintechs, although being a relatively new member of this industry, and having small population Lithuania over the last years has become one of the the leading countries worldwide to establish FinTech in.

Company in Lithuania is a perfect solution for foreign individuals and businesses seeking to do international and EU business, with low tax rates, flexibility, great regulatory and banking system.

Capital city: Vilnius

Population: 2.784.000

Local currency: Euro (EUR)

Official language: Lithuanian

Business language: Lithuanian, English and Russian

Annual fee to maintain the Lithuanian company is 600 EUR for legal address & contact person
All documents and state fees are included

Description of Lithuania Limited Liability Company:

  • Liability limited only to shares;
  • Unlimited business activities;
  • No turnover limitation;
  • There is no need to be in the country during or after the process of company formation;
  • Foreigners can establish a company in Lithuania;
  • Fast registration;
  • Enables possibilities for European Union residence permit.

Why do business in Lithuania?

  • Tax rules

Taxwise, Lithuania may be considered as European tax haven without suffering the drawbacks that come with it, since its corporate tax rate is one of the lowest in EU. The country has an excellent reputation as an EU member and a member of Eurozone. Also a lot of double taxation treaties between Lithuania and other countries are signed, allowing you to significantly lower your tax burden.

  • Economy and business opportunities

The country possesses strong and consistent economic development, due to a relatively open economy and low government debt, and provides exceptional prospects for businesses. Currently, it is very easy to open and operate business in Lithuania, having your company in one of the best EU jurisdictions. Combined with one of the lowest costs of living in the EU, Lithuania may be one of the best places to establish your EU residency. 

  • Fintech jurisdiction

Lithuania is one of Europe’s leaders when it comes to Fintech establishment and licences. Lithuania is regarded as one of the most technologically developed country in the world, ranking №1 EU destination for Fintech registration & licencing. As of 2021, Lithuania has over 220 Fintechs registered and licenced in Lithuania operating on a daily basis worldwide, including famous institutions like: Revolut, TransferGo, DiPocket, Curve Europe and others.

Tax system in Lithuania

  1. Corporate income tax: the standard corporate income tax rate in Lithuania is 15%. If certain requirements are satisfied, new small businesses entering Lithuania may be eligible for a 0% corporate income tax rate for their first year of operation. Subsequently companies will pay the rate of 15% after the first corporate tax-free year.
  2. VAT: standard value added tax rate in Lithuania is 21%, with a reduced rate for particular products.

To know detailed information about other tax rates in Lithuania that may be applicable to your business, we invite you to check our Ultimate Guide to Tax in Lithuania. 

Please note that we also offer accounting services for companies established in Lithuania.


1. Choose the most suitable company type and make online order

Choose the most suitable company registration package from STORE EU LAW FIRM, and place an online order with the available payment methods. After successful order you will receive an email confirmation with your order details.

2. Collection of documents and KYC verification


After successful order and receipt of payment, our customer support will get in touch with you to acquire the required documentation for company registration in Lithuania.

3. Company registration Lithuania


The company formation in Lithuania takes between 7-14 business days after all required documents have been received. After company has been incorporated, physical company formation documents with apostilles will be sent to your mailing address.


For individuals:

  • Notarized and apostilled passport copy of all shareholders;
  • Notarized and apostilled passport copy of all directors;
  • Copy of a recent utility bill not older than three (3) months.

If shareholder is a legal person:

  • Notarized and apostilled Certificate of Incorporation or other similar document; evidencing the entity’s existence; 
  • Notarized and apostilled certificate of the Register of Directors;
  • Notarized and apostilled Register of Shareholders.


  • Passport copy of all directors and shareholders.
  • Utility bill not older than 3 months.
  • CV of the company management.
  • Business plan.

Banks may request additional documentation from case to case.

Note: All documents in a foreign language must be translated into English and certified by a qualified translator. Translation costs is a separate service and are not included in the price of company registration.

Need more help to set up a business or Fintech in Lithuania?

Just get in touch with us to get more information about company registration in Lithuania and getting local legal partner for your company. Please include all the details regarding the number of shareholders, preferred type of company and other. We typically respond in 2 hours.