Lithuania

If you register for small business in Lithuania, which will generate less then 300 000 EUR annual profit, you will be entitled on 5% corporate income tax. Lithuania is also interesting for low maintenance costs and you can do business in the EU with Lithuanian company. Lithuania is 14 in the world for ease of doing business.

Corporate tax VAT
15%, 5% or even 0% 21%
Corporate tax VAT
19% 17%
DRUGI DIO

Limited liability company

UAB

Minimum Share capital

2500 EUR. Min 25% needs to be paid up

Registered office required

Yes

Physical office required

No

Min. number of Shareholders

1

Min. number of Directors

1

Local Director required

No

Other requirements

No

Bank signatory must travel

Yes

Timescale for company formation

3 weeks

Timescale for bank account opening

7 day

Timescale for obtaining VAT number

7 days

Statutory audit requirements

yes if turnover exceeds EUR 1.4m

Shelf companies available

Yes

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