Entrepreneurs often choose Lithuania to register their own company for several reasons:

• potential access to European markets;

• protection against double tax payments;

• the registration process takes no more than a day;

• renewal payments must be made starting from the second year of the companyэs operation.

As an offshore zone, Lithuania is not often mentioned. Despite the fact that the 0 rate in this country is not applied in all cases, the conditions of the financial field here are very favorable for the opening and further development of a new business project.

Jurisdiction

The initial capital is fixed by Lithuanian legislation in the amount of 2.9 thousand euros. A company can consist of one member who is both a legal entity and an individual. Non-residents are allowed. Registration and further servicing of a Lithuanian company takes place in a UAB form.

Taxes

Lithuania offers fairly loyal tax conditions. If we draw a parallel with other European states, then the Lithuanian rates will be profitable to stand out on it, since they are the lowest in this country. Profits are subject to only 5% tax, provided that the income for the annual period does not exceed 288,620 thousand euros, and the staff consists of ten people.

A company can be exempted from paying dividend tax if the company receives these dividends from offshore firms and owns at least ten percent of the shares of the subsidiary within the last year. To receive the privilege of paying tax duties to increase capital, you need to buy shares of a Lithuanian company registered in the jurisdiction of any other Eurozone state and hold them for at least two years.

Accounting

Foreign companies registered in Lithuania are not exempt from accounting. This can be entrusted to specialists who do not belong to the company’s staff. They should draw up reports based on information regarding the activities of the enterprise. Residents have some advantages. For example, local entrepreneurs are allowed to open an account in any European bank completely free of charge, while a non-resident must not only be personally present at the opening, but also pay a fee of 140 euros.

If you need to register a company in Lithuania, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Lithuania. Write to us in the CRM form and we will help you register a company.

Rengang Yongshengspecialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.