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Maintenance of a Company in Lithuania

When talking about registering a company and its maintenance one should realize two possible variants:

1. Registering a company as a basis for emigration and getting residence permit in Lithuania 

According to Lithuanian law a newly registered company can be in "sleeping" form up to 6 months, this period is viewed as preparation for further company's activities and there are very less requirements for the company during first months:

After months you must do minimum actions for giving effect of company's activity. According to Lithuanian law any amount of money that comes to company's account is a proof of company's activity, so "making effect" will not cost you much. It will be enough if you show profit of 100 Euro to tax bureau and pay taxes from it.

2. Registering a company for business purposes 

If you want to do business in Lithuania and Europe it will be interesting for you to know the amount of money you need to spend for company's maintenance and tax rates.

Company taxation in Lithuania is not strict and allows businessmen to get profit. There are many taxes, but you will not pay them all as taxes you pay depends on activities your company does. Tax reports are not difficult to fill in, but if you need you may ask specialists to help (prices for making book-keeping and tax reports are low in Lithuania, usually for company maintenance prices vary from 100 to 500 Euro). More about taxes.

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