Request information on company formation in Lithuania: cost, process and requirements.
Initial consultation
Turnkey Company Formation
Company contact person
Registered legal company address for 1 year
Remote incorporation
Notary Services
Company Secretary
Local personnel
Accounting for 1 year
Long-term POA
Apostilled set of documents
Full turnkey company formation and support in all necessary aspects for your business.
Initial consultation
Turnkey Company Formation
Company contact person
Registered legal company address for 1 year
Remote incorporation
Notary Services
Company Secretary
Local personnel
Accounting for 1 year
Long-term POA
Apostilled set of documents
Projects like yours secured a Company Formation with Rengangyongsheng
discover their experience of working with us
A perfect fit for our business
I highly recommend Legal to any entrepreneur or business seeking top-notch services for their company formation.
Tom
Best for Crypto Licenses
Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
Charlotte
Fast and Reliable
Quick set-up and straightforward process. It was a smooth process, we are happy to have chosen Rengang as our Partner for incorporations, globally.
Daniel
Highly recommended!
They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
James
Excels at adapting to challenges
Rengang excels at adapting to challenges and demonstrates a perfect understanding of our business needs.
Alexander
A fruitful cooperation
As a result of the fruitful cooperation with Rengang, Yellow Card obtained a VASP registration, fast and without any legal complications.
Jack
About company registration in Lithuania
It depends on one’s citizenship. There are countries with which Lithuania has a visa-free regime, hence, their citizens can enter and stay in Lithuania for 90 days without a visa. There are also other exempted persons as enumerated under Lithuania Immigration Law. If you are not among those on the list then you can only enter with a visa.
Lithuania has no restrictions on the acquisition of immovables by foreigners except for the acquisition of agricultural land where it is required that the foreigner must undergo the same procedure, terms, and conditions as may be required of its citizens provided it meets the criteria set forth in the European and transatlantic integration.
Yes, the Lithuanian immigration law allows this provided the investor is a non-EU citizen and meets all the following requirements:
The applicant must have been running a Lithuanian company at least six months prior to the application;
The applicant’s company employs at least three Lithuanian residents and pays their respective social security contributions;
Applicant’s company must have at least EUR 28,000 registered capital;
Applicant’s own share capital is at least 14,000;
Applicant holds a top position in the Lithuanian company;
Applicant has an actual place or residence (rented or owned) in Lithuania.
INCORPORATION IN LITHUANIA
Getting started with company registration in Lithuania
Find out all the necessary information about company formation in Lithuania. Discover why Lithuania is a popular jurisdiction and how it may help your business grow internationally. Request additional information directly with our team of experienced legal consultants.
How long does it take to form a company in Lithuania?
Foster the company formation process in Lithuania by working in synergy with Rengang's lawyer team.
3-5 days for remote registration provided all requirements are intact and completed
5-10 days additional for the opening of a bank account
If everything is in order, the registration process will not take more than 3 weeks
Procedure to prepare the registration of a company in Lithuania
The registration process for a company in Lithuania is very simple. The experts of Rengang will assist you throughout every step of it:
Initial consultation and agreement
Payment of the full invoice
[IF REMOTELY]: Notarization of POA by client
Preparation of registration documents
Document signed at the notary
Official register validity: immediately
Can I form a company in Lithuania remotely?
Yes, the whole process may be done remotely, and if you opt to act with a representative to prepare everything for you, a Power of Attorney must be issued and apostilled or legalized in Lithuania. The POA must include all authorities from the reservation of the temporary company name. Consider also the following aspects of the procedure:
Notarization of the founding documents at a registered notary’s office will also be done
If the documents are issued from or executed in Russia, Ukraine, Belarus, Moldova, Estonia, and Latvia, legalization or certification by Apostille is not required
Necessary information to begin with company formation in Lithuania
The popular legal entity in Lithuania is a private limited liability company and if you choose to incorporate one, the following are needed:
3 alternate options for your desired company name ranked from most desired to least desired
At least one 1 founder or shareholder (Natural or Legal)
Without VAT number in Lithuania
It is unlikely for legal entities not to be VAT registered since almost all economic activities are charged with VAT (important: B2B payments between two VAT-exempt companies are not more expensive)
Your company will not have to file monthly tax returns (prerequisite: no one receives a salary), which means low costs
With VAT number in Lithuania
Your company will be eligible to receive VAT refunds, which means you can make use of the reverse-charge mechanism
Registration for VAT is before the State Tax Inspectorate and takes more or less 10 days
Legal entities or companies may voluntarily register for VAT but are already required to do so when their annual economic activity turnover exceeds EUR 45.000
19% VAT imposed on goods and services
9% or 5% on select goods and services
VAT relief is also possible
The tax period is a calendar month and payable every 25th day of the subsequent month
Before we help you to apply for a VAT number (in Lithuania 19%) you should carefully think about the advantages and obligations that go along with it.
Required documents to provide to register a company in Lithuania
All business entities must register with the unified Register of Legal Persons (The Registrar), administered by the State Enterprise Centre of Registers.
Articles of Association, along with the Establishment Act where you will need a Lithuanian business address (required for the company registration documents) and an appointed general manager
Application for the reservation of a temporary company name (form JAR-5)
Proof of deposit of the required share capital (minimum of EUR 2,500)
Passport copies (a scan) of shareholder/s and director/s, also beneficiary owner if applicable
Get In Touch
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Contact Details
Rengangyongsheng (Hong Kong) Limited
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Email
tsy@cnjrp.com
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Phone
852-92984213
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Address
18/F, Easley Commercial Building, 253-261 Hennessy Road, Wan Chai, Hong Kong
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Address
86/F, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong