COREDO > Legal Services and Protection in Lithuania

Legal Services and Protection in Lithuania

Introduction — Jurisdiction Economy

Lithuania is one of Europe’s leading fintech hubs, offering advanced digital infrastructure and a favourable environment for international business. The country remains one of the most popular jurisdictions for obtaining EMI, PSP, and CASP licences, while the Bank of Lithuania is considered one of the key financial regulators in the EU.

COREDO supports businesses in Lithuania — from company incorporation and licensing to communication with the Bank of Lithuania and legal support for regulated projects.

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Cost of the services
from 500 EUR

Doing Business in Lithuania — Key Specifics

Taxation

Since 2026, the CIT rate in Lithuania is 17%, while small companies benefit from a 7% rate. Newly established small businesses may apply a 0% CIT rate during the first two tax periods. VAT is 21%, with mandatory VAT registration from an annual turnover exceeding EUR 45,000. Withholding tax on dividends paid to non-residents is generally 15%.

Licensing

Licences are required for financial services, healthcare, transport, construction, tourism, alcohol trade, and other regulated sectors. The financial sector is supervised by the Bank of Lithuania, licensing EMI, PSP, and CASP entities under MiCA. Since 2026, the CASP regime has fully replaced VASP licences.

Reporting Obligations

Annual financial statements and CIT returns must be submitted to Registrų centras by 15 June. VAT returns are filed monthly through VMI. SMEs apply LBAS accounting standards, while PIE companies use full IFRS. Audits are mandatory once statutory thresholds are exceeded.

Our Services in Lithuania

COREDO provides a full range of legal services for foreign companies operating in Lithuania:

Company registration and legal form selection

advisory on choosing between UAB, MB and other legal entity forms based on business objectives

Legal document drafting and review

preparation of articles of association, corporate minutes, contracts and agreements in accordance with Lithuanian legislation

Contract legal review

risk analysis, identification of conflicts with local law, negotiation support

Support for regulated companies

assistance to EMI, PSP and CASP with licensing, interaction with Bank of Lithuania, preparation of documentation for MiCA

Representation before authorities and courts

protection of company interests before Bank of Lithuania, government bodies, pre-trial and court proceedings

Tax and regulatory advisory

tax burden optimisation within the framework of Lithuanian legislation, compliance consulting

Legislative change monitoring

tracking updates to tax and regulatory law, timely client notification

Who Benefits from Our Services

COREDO’s legal protection in Lithuania is sought by:

Foreign companies entering the Lithuanian market or already operating in the country

Non-residents with assets or operations in Lithuania who need to comply with local legislation

Regulated financial companies — EMI, PSP and CASP undergoing licensing or operating under the supervision of Bank of Lithuania

Startups and technology companies from the fintech and crypto sector choosing Lithuania as an EU fintech hub

Companies with cross-border transactions requiring legal expertise across multiple jurisdictions simultaneously

Companies facing regulatory pressure or enquiries from Bank of Lithuania

How We Work

Initial consultation

analysis of the client’s situation, goals and objectives; determination of the scope of legal support required

01

Legal audit

review of corporate documentation, identification of risks of non-compliance with Lithuanian legislation

02

Strategy development

formulation of a legal support plan taking into account the specifics of the jurisdiction and type of activity

03

Legal support

document preparation, representation, negotiations, interaction with regulators

04

Ongoing support and monitoring

continuous tracking of changes in Lithuanian legislation and regulatory requirements

05

Timelines

Service	Timeframe
Legal Opinion	~1 week (standard)
One-off consultation (up to 5 hours)	1–2 business days
Legal Outsourcing start	3–5 business days
Contract documentation preparation	5–10 business days

Pricing

COREDO’s legal support in Lithuania is available in several formats:

Legal Opinion — a qualified legal assessment: from EUR 500

Legal Outsourcing — package rates:

Package	Hours	Price
Basic	5 h	EUR 550
Standard	10 h	EUR 1,000
Extended	20 h	EUR 1,800
Professional	40 h	EUR 3,200
Business	80 h	EUR 5,600
Premium	160 h	EUR 9,600

One-off consultations:

Basic (up to 5 hours): EUR 130/hour
Standard (from 20 hours): EUR 100/hour
Premium (from 80 hours): EUR 80/hour

Pricing depends on the complexity of the task. Submit an enquiry for a quote.

Our Experts

Pavel Kos

Has been leading COREDO's legal team since July 2020. With the company since June 2017. Specialises in licensing, corporate law and M&A transactions. Speaks English and Russian at a professional level.

Basang Ungunov

Lawyer at COREDO since June 2022. Holds an LLM degree in civil law. Specialises in legal services and the preparation of legal opinions.

Frequently Asked Questions

What does legal protection for business in Lithuania include?

Legal protection covers company registration support, contract review and drafting, representation before Bank of Lithuania and government authorities, support in obtaining financial licences (EMI, PSP, CASP), legal audit and legislative change monitoring.

Is it necessary to be physically present in Lithuania?

No. COREDO provides full remote support. All documents are prepared and delivered electronically; interaction with Bank of Lithuania and other authorities is conducted on behalf of the client.

How much does legal support in Lithuania cost?

Legal Opinion — from EUR 500, with a standard preparation time of approximately one week. Legal Outsourcing packages — from EUR 550 (5 hours) to EUR 9,600 (160 hours). One-off consultations — from EUR 80 to EUR 130/hour depending on volume.

How quickly can COREDO begin working?

Legal Outsourcing starts within 3–5 business days. Legal Opinion — approximately one week under standard terms.

Can COREDO represent a company before Bank of Lithuania?

Yes. COREDO has experience interacting with Bank of Lithuania on matters of EMI, PSP and CASP licensing, as well as within regulatory procedures. We prepare documentation, conduct negotiations and represent the client’s interests.

Does COREDO work with companies obtaining a MiCA licence in Lithuania?

Yes. We support crypto-asset service providers (CASP) at every stage: from preparing the documentation package to obtaining the licence and subsequent compliance. Lithuania is one of COREDO’s priority jurisdictions for MiCA.

Get Legal Support in Lithuania

Our experts are ready to help. Submit an enquiry — we will get back to you within 1 business day.