Loading Macroeconomic Data
Fetching live data from World Bank...
Loading Macroeconomic Data
Fetching live data from World Bank...
Complete guide: entity types, registration, costs, taxes, labor laws, and break-even analysis
~298 days
Setup Time
~$8,330
Setup Cost
16%
Corporate Tax
100%
Foreign Ownership
#11
Ease of Business
| Entity | Min Capital | Foreign % | Liability | Min Shareholders | Best For |
|---|---|---|---|---|---|
Private Limited Liability Company Uzdaroji Akcine Bendrove (UAB) | 1,000 EUR | 100% | Limited | 1 | Most common vehicle for foreign investors - EUR 1,000 minimum capital, full foreign ownership, EU passporting |
Public Limited Liability Company Akcine Bendrove (AB) | 25,000 EUR | 100% | Limited | 1 | Larger enterprises and Nasdaq Vilnius-listed companies |
Small Partnership Maza Bendrija (MB) | None | 100% | Limited | 1 | Up to 10 natural-person founders - no minimum capital, lighter governance, only Lithuanian residents may join |
Branch of Foreign Company | None | 100% | Unlimited | 0 | Foreign companies extending operations - no separate share capital but parent retains liability |
Reserve company name
Apply for a temporary name reservation at the Centre of Registers via the e-business portal
1-3 days
~$20
Centre of Registers (Registru Centras)
Notarise founding documents
Articles of association and founding act must be notarised before a Lithuanian notary; remote founding is possible via qualified electronic signatures
1-5 days
~$250
Lithuanian notary
Deposit share capital
Open a temporary capital accumulation account and deposit at least EUR 1,000 for a UAB or EUR 25,000 for an AB
1-5 days
Free
Commercial Bank
Register with Centre of Registers
Submit notarised articles, capital deposit confirmation, director and shareholder details; registration usually takes 3 business days
3-7 days
~$60
Centre of Registers
Register for tax and VAT
Apply for VAT registration with the State Tax Inspectorate (VMI); mandatory above EUR 45,000 turnover or for intra-EU acquisitions
1-5 days
Free
State Tax Inspectorate (VMI)
Register with Sodra (social insurance)
Register the company and each employee with Sodra for health and social insurance contributions
1-3 days
Free
Sodra (State Social Insurance Fund)
Apply for fintech or sector licences
EMI, payment institution, crowdfunding, or specialised bank licences require Bank of Lithuania authorisation; Lithuania is the EU's leading fintech licensing hub
90-270 days
~$8,000
Bank of Lithuania
$1038/mo
Minimum Wage
$2150/mo
Average Wage
40 hrs/week
Work Hours
20 days/year
Paid Leave
2 weeks/year
Severance
1.77% of salary
Employer Social Security
19.5% of salary
Employee Social Security
Required
Foreign Worker Permit
Foreign Worker Quota: EU/EEA citizens have free movement. Non-EU workers need a work permit and national visa; highly skilled employees and IT professionals benefit from a fast-track Blue Card pathway.
Work Permit Process: Non-EU workers need a national visa (D) and work permit issued by the Employment Service; IT specialists on the shortage occupation list have streamlined processing
#11/190
Ease of Business Rank
5 days
Starting a Business
4 days
Registering Property
370 days
Enforcing Contracts
61/100
Corruption Perception
88%
Internet Penetration
EUR
Currency
UTC+2
Time Zone
14
Retail (months)
12
F&B (months)
12
Tech (months)
20
Manufacturing (months)
10
Services (months)