COREDO > Company Formation in Lithuania

Company Formation in Lithuania

Why Register a Company in Lithuania

Lithuania is a dynamic Baltic EU and eurozone jurisdiction with a developed digital economy and a reputation as one of Europe’s leading fintech hubs.

The country offers foreign investors a stable economic environment, access to the EU market, modern infrastructure, and a favourable regulatory framework for financial and technology companies. Lithuania is especially attractive for businesses in IT, fintech, logistics, and industry due to its simple incorporation process and flexible tax system.

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Cost of the service
from 2 500 EUR

Types of Companies in Lithuania

Lithuanian legislation provides foreign investors with a flexible choice of legal forms for conducting business.

UAB (Uždaroji akcinė bendrovė)

Private limited liability company. The most popular form for foreign entrepreneurs. A single founder is sufficient, with the maximum number of shareholders being 250. The minimum share capital is EUR 2,500, of which 25% (i.e. EUR 625) must be paid at registration, with the remainder due within 12 months. Management is carried out by a director, who may be either a resident or a non-resident of Lithuania. Founders’ liability is limited to the amount of their contribution to the share capital. This form is optimal for small and medium-sized businesses, startups, and IT companies.

AB (Akcinė bendrovė)

Public limited company. Established by at least one shareholder with no upper limit on the number of shareholders. The minimum share capital is EUR 40,000, of which 25% must be paid before registration. Management is carried out by a board of directors, and shares may be freely traded on the stock exchange. This form is suitable for large-scale projects and companies planning to attract significant investment or enter the public capital market.

TUB (Tikroji ūkinė bendrija) or KUB (Komanditinė ūkinė bendrija)

General or limited partnership. These require a minimum of two partners with a maximum of 20. In a limited partnership (KUB), a distinction is made between general partners with unlimited liability and limited partners who are liable only up to the amount of their contribution. These forms are used less frequently and are typically suited for joint ventures with a clear division of responsibilities between partners.

For existing foreign companies, it is also possible to register a branch or representative office in Lithuania. A branch is not a separate legal entity but allows commercial activities to be conducted on behalf of the parent company. A representative office is limited to marketing and promotional functions without the right to engage in commercial activities.

Company Registration Procedure

Registration of legal entities in Lithuania is carried out through the Centre of Registers (Registrų centras) — a state authority maintaining the Register of Legal Entities. The process is fully available in electronic format, making it convenient for foreign entrepreneurs.

The main steps include: selecting and verifying the uniqueness of the company name through the electronic register, preparing the articles of association and statutes in accordance with the requirements of the Lithuanian Civil Code, notarisation of documents (including translation into Lithuanian), opening an accumulation bank account and depositing the share capital, submitting documents to Registrų centras, obtaining a registration code, and registering with the State Tax Inspectorate (VMI — Valstybinė mokesčių inspekcija).

Lithuania does not impose residency requirements on founders and directors, and remote registration is available through a notarised power of attorney. The company name must be unique and not coincide with already registered legal entities — verification can be performed through the Registrų centras online system. The state fee for registering a legal entity is fixed and is paid upon submission of documents.

Required Documents

To register a company in Lithuania, the following documents are required:

articles of association and statutes specifying the company name, registered office, share capital amount, and types of activities;

identity documents of founders and directors (passports or identity cards);

confirmation of a registered office in Lithuania (lease agreement or certificate of ownership);

a decision on the appointment of a director;

confirmation of the share capital deposit (bank statement).

All documents in foreign languages must be translated into Lithuanian and notarised. Foreign documents may require an apostille in accordance with the Hague Convention. For citizens of countries that are not parties to this Convention, consular legalisation of documents may be required.

Registration Timeline

With a complete set of correctly prepared documents, company registration in Lithuania takes 3 to 5 business days. Upon completion of registration, the company is assigned a unique registration code used in all official documents and interactions with state authorities. VAT registration is carried out separately through VMI and may be completed either simultaneously with company registration or later — upon reaching the turnover threshold. After obtaining all necessary registration codes, the company may immediately commence business operations.

Post-Registration Obligations

After receiving the registration code, the company must fulfil a number of additional requirements for full operation. It is necessary to register with the State Tax Inspectorate (VMI) and, if required, obtain a VAT number. The company is obliged to maintain accounting records in accordance with Lithuanian standards and submit annual financial statements to Registrų centras. The annual tax return is filed by 15 June of the year following the reporting period. The company must also appoint a responsible accountant or enter into an agreement with an accounting firm. For companies with foreign founders, it is recommended to engage a local consultant to ensure compliance with all regulatory requirements. Companies conducting regulated activities (financial services, insurance, healthcare) must additionally obtain the relevant licence before commencing operations.

COREDO Service Pricing

Service	Price
New company registration (UAB)	from EUR 3,000 + VAT
Purchase of a ready-made company	from EUR 2,500 + VAT
Virtual office	from EUR 70–100/month

The registration package includes: preparation of incorporation documents, notarisation, translation into Lithuanian, submission to the Register of Legal Entities, and assistance with opening a bank account. The minimum share capital for a UAB is EUR 2,500 (at least 25% payable upon incorporation). For an individual quote, please contact our specialists — we will prepare a detailed commercial proposal tailored to your specific situation.

Tax System in Lithuania

Lithuania offers a competitive and transparent tax system, which is one of the key factors making this jurisdiction attractive to foreign investors. As of 1 January 2026, the standard corporate income tax (CIT) rate is 17% — still one of the most competitive rates in the European Union. For small enterprises with fewer than 10 employees and annual revenue of up to EUR 300,000, a reduced rate of 7% applies. Newly registered companies are exempt from CIT for the first two tax years.

The standard value-added tax (VAT) rate is 21%. Mandatory VAT registration is required when annual turnover exceeds EUR 45,000.

Lithuania has concluded double taxation avoidance agreements with more than 50 countries, creating favourable conditions for international business. Dividends paid by a Lithuanian company to foreign shareholders are subject to withholding tax at a rate of 15%, although this rate may be reduced under the applicable double taxation avoidance agreement. The tax year coincides with the calendar year, and the annual tax return is filed by 15 June of the following year.

Lithuania also participates in the Common Reporting Standard (CRS) automatic exchange of information system and complies with OECD standards on tax transparency, making the jurisdiction reliable and predictable for international investors.

Our Experts

The COREDO team has been operating since 2016 and possesses deep expertise in company registration across various European jurisdictions.

Nikita Veremeev

Founder & NED of COREDO. Founded the company in November 2016 and personally oversees the strategic development of the business across dozens of jurisdictions.

Pavel Kos

Head of Legal. Part of the COREDO team since June 2017, responsible for legal support of corporate projects and company registration.

Basang Ungunov

Lawyer. Part of the COREDO team since June 2022, specialising in legal support for registration and structuring of companies across various jurisdictions.

Frequently Asked Questions

Does the founder need to be a resident of Lithuania to register a company?

No, Lithuania does not impose residency requirements on founders and directors. Foreign nationals may register a company on the same terms as residents of the country. Remote registration is available through a notarised power of attorney.

What is the minimum share capital for a UAB in Lithuania?

The minimum share capital for a private limited liability company (UAB) is EUR 2,500. At registration, at least 25% of the share capital (EUR 625) must be paid, with the remainder to be contributed within 12 months of registration.

How long does company registration take in Lithuania?

Company registration through the Centre of Registers (Registrų centras) takes 3 to 5 business days with a complete set of documents. For non-residents arranging a power of attorney, the process may take additional time for notarisation.

What tax benefits are available for new businesses in Lithuania?

Lithuania provides a number of significant tax benefits: zero CIT rate for the first two years for newly registered companies, a reduced rate of 7% for small businesses (fewer than 10 employees, revenue up to EUR 300,000), and double taxation avoidance agreements with more than 50 countries.

Which business activities require licensing in Lithuania?

Licensing is mandatory for financial activities (EMI, PSP, CASP), insurance, healthcare services, and a number of other regulated activities. The financial sector regulator is the Bank of Lithuania (Lietuvos Bankas). COREDO provides a full range of services for financial activity licensing in Lithuania.

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COREDO specialists provide full support throughout the company registration process in Lithuania — from selecting the optimal legal form and preparing documents to obtaining the registration code and tax registration. Our team handles all interactions with Registrų centras, VMI, and notarial authorities, allowing clients to focus on business development. We have been operating since 2016 and assist entrepreneurs from dozens of countries in successfully building business structures in Europe and beyond.