Start a business in Lithuania
Lithuania is recognized for its favorable economic environment and friendly conditions for business owners, presenting numerous opportunities to bring your vision to life. Our firm is dedicated to supporting you throughout the process, offering expert guidance and assistance to ensure a seamless and successful start for your business.
Steps and solutions
Our systematic approach simplifies the process of starting a business in Lithuania. Our team provides tailored solutions that accelerate the journey to success, from selecting the most suitable corporate structure to providing comprehensive support with registration, licensing, banking, and additional services.
Determine business activities
When launching a business, a critical step is identifying its activities. This involves outlining the main functions, services, or products the company plans to provide or participate in. Clearly describing these activities is vital for legal compliance and helps in creating a distinct identity for the business. We support the establishment of businesses in various industries, including but not limited to:
- Aviation
- Bank
- Blockchain
- Business support
- Cars and vehicles
- Construction
- Consulting
- Distribution
- DIY retail
- Education
- Electronics retail
- Energy
- Farming
- Finance
- Fitness
- Food and beverage retail
- Freight and package transportation
- Healthcare
- Hotels and motels
- Information technology
- Laboratory
- Logistics
- Manufacturing
- Marketing
- Media
- Minerals
- Printing
- Publishing
- Real-estate
- Restaurant
- Tourism and travel
Choosing the right legal entity type
Choosing the appropriate legal entity structure is the first step in starting your business. There are several options to consider, such as Private Limited Liability Company (UAB), Public Limited Company (AB), Branch Office, and Holding Company in Lithuania. Each type of legal entity has different consequences related to liability, tax responsibilities, and flexibility in operations. It is essential to consult legal professionals and perform comprehensive research to identify the best structure that aligns with your business objectives.
Conducting thorough market research
The experts will assist you in conducting thorough market research and provide valuable insights into consumer preferences, market trends, and competitive analysis. With this knowledge, you can develop a solid business plan and create a strategic presence in the industry.
Setup legal address
The knowledgeable team will guide you through the licensing requirements, clarify the necessary permits, and assist you with the application process. We will ensure that you acquire all the essential licenses.
Applying for required licenses
The knowledgeable team will guide you through the licensing requirements, clarify the necessary permits, and assist you with the application process. We will ensure that you acquire all the essential licenses.
Opening a business bank account
The group will assist you in selecting a reliable bank and will guide you through the steps to open an account. We will provide direction on the necessary documentation, manage communications with the bank for you, and ensure your corporate account is tailored to fit your specific needs.
Registering your business
The experienced team will assist you with every aspect of the registration process, from preparing to submitting the required documents. We will streamline the registration process to save you time and effort, allowing you to focus on growing your business.
Setting up accounting
The experts will assist you in setting up effective accounting systems and procedures, guaranteeing that you keep accurate financial records and comply with accounting standards. We will aid you in managing your business finances efficiently, covering everything from bookkeeping to the preparation of financial statements.
Business landscape in Lithuania
Lithuania’s favorable business policies, skilled workforce, and strategic location by the Baltic Sea position it as a prime choice for investing in technology and manufacturing. The country provides various benefits for companies aiming to enter the European market, including competitive costs, a supportive regulatory environment, and a dynamic startup ecosystem.
Start a business with us
Our team is well-prepared to assist you at every stage of starting a business in Lithuania. When you’re ready to begin, contact us using the form below to get more information and schedule a consultation. Let us serve as your reliable guides as you explore the unique opportunities in Lithuania, turning your business aspirations into real success.