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| | Business environment
DISCOVER BUSINESS LITHUANIACompany establishment
- Most popular legal status is - Limited Liability Company (LLC or in Lithuanian - UAB).
- Share capital of LLC should be not less than 10.000,00 Litas (2896.20 Eur).
- Company establishment takes ~7 days.
- The minimal requirements for starting a company in Lithuania are: company name, address of registration, company stamp, bank account, Managing Director, bookkeeper (instead of bookkeeper can be a company which provides bookkeeping services).
Necessary to know
- Lithuania is a member of the EU and NATO since 2004, membership in the WTO, Schengen area since 2008
- EU inner market directives best implemented into the national law among all EU members
- Currency pegged to the euro and backed by foreign reserves
- Pro-business government with a personal income and social security tax reform agenda
- EU Structural Funds provide significant financial support to Lithuanian companies
Excellent Geographical Location and Infrastrucure
- Crossroads of Central and Western Europe, Scandinavian and Baltic as well as CIS markets
- Part of the Baltic Sea Region
- Well developed EU prime transport centre (two international transport corridors, three international airports, railways, the best roads in the Baltic States, and the highest-capacity Eastern Baltic ice-free seaport)
- Diverse energy capacities
- Nine industrial parks and two free economic zones
- Sophisticated communications – leads the world in the number of mobile telephone subscribers per 100 population and is the 1st in Europe in GSM penetration.
High-quality Human Resource
- One of the most multilingual peoples in the EU - among five EU countries with the highest percentage of people speaking at least one foreign language: every third Lithuanian speaks English, and eight Lithuanians out of 10 speak Russian
- ~ 40% of the labour force with higher education
- 20% of tertiary graduates in engineering
- Great Quality of Life. Quality of life is one of the highest among the new EU-12 members (International Living 2009 Quality of Life Index)
- 4 UNESCO World Heritage masterpieces
- Mild climate, pristine nature; the Lithuanian coast is No. 9 among the top 100 summer destinations by the British Sunday Times
- World-class entertainment and leisure services
- Easily accessible social services
Useful links
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EU support for Lithuanian companies
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Exhibitions
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Real Estate
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Supermarkets
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