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The country

Largest of the Baltic States, Lithuania is located south of Latvia and has more than 3.5 million inhabitants. The country joined the European Union in 2004 and the Schengen area in 2007; it became independent on the fall of the Soviet Union at the end of the 20th century. Just like its neighbour to the north, Lithuania borders the Baltic Sea.

An onshore centre

Lithuania allows foreign investors to benefit from a favourable tax system due to the presence of several free trade zones that can reduce taxation on businesses by up to 80% for the first five years of their creation. In this context of FDI, the main types of company are:

  • The private company with limited liability (PrC)
  • The public limited company (PLC)
  • General partnership
  • Branch
  • The representative office

The main form of company used is the UAB.

The main form of company used is the UAB.

Lithuania is an excellent alternative to Cyprus, which is often regarded as problematic because it is an island inaccessible by road transport. The tax rate is 15%, optimizable to 5% and enables you to obtain a VAT number easily. Ideal for intra-Community import-export operations.

The different types of companies

Relocating to Lithuania takes 22 days and involves 6 procedures.

Types of companies Capital Number of partners
Personaline Imone (individual company) No minimum capital Maximum 1 shareholder, unlimited liability
Uzdaroji Ackiné Bendrové (société par actions fermées) At least EUR 2 900 Minimum 1 shareholder, maximum 249, unlimited liability
Ackine Bendrové (by open shares) Minimum of EUR 43 450 Minimum 1 shareholder, limited liability
Tikroji Ukine Bendrija (business partnership) No minimum capital Minimum 2 shareholders, maximum 20
Kommanditine Ukine Bendrija (limited partnership) No minimum capital Minimum 2 shareholders, maximum 20, unlimited liability for 1 shareholder, limited for the others

 

Links:
Trade Register
Companies Register

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