Is Lithuania a good place to start a business?

Lithuania is a business-friendly country not only for young entrepreneurs and skilled professionals but is also trusted by such high calibre companies. This country, full of young people, ambition, energy, skill, and talent, equipped with Europe’s fastest internet connection and rapidly growing start-up ecosystem.

Can foreigners start a business in Lithuania?

Lithuania is an open and digital country, where you can set up your business in a matter of days. Best thing about it, you can do it all online.

What is the best business to start in Lithuania?

Best Business Opportunities To Start In Lithuania

• Start a web design & online marketing business ($900K/year)
• Create a web development course ($72K/year)
• ($120K/year)
• Start a tour company ($21.6K/year)
• Start a consulting business ($0/year)
• Become an it consultant ($25.2K/year)
• Start a logistics business ($1.2M/year)

How do I start a business in Lithuania?

Here’s a step-by-step overview of what you need to do to start your business in Lithuania:

1. Prepare articles of association, along with founding act/founding agreement.
2. Reserve a temporary company name (optional)
3. Open an accumulative bank account.
4. Transfer share capital to that accumulative account.

How can I immigrate to Lithuania?

To apply for formalisation, you’ll need a completed application form, a passport or ID card, a Schengen Visa (C) or National Visa (D). If you submit your documents to a diplomatic mission, upon receipt of the confirmation of your Blue Card, you will be issued a National Visa (D) to complete the process.

What is Lithuania known for economically?

The economy of Lithuania is the largest economy among the three Baltic states. Lithuania is a member of the European Union and its GDP per capita is the highest in the Baltic states. Lithuania belongs to the group of very high human development countries and is a member of WTO and OECD.

How much does it cost to register a company in Lithuania?

The registration takes 3 business days from the submission of documents at local authorities and the all-included state fee range is from 290 EUR to 580 EUR. Please do note that it is necessary to indicate the legal address of the company.

Can foreigners buy property in Lithuania?

Foreign citizens have the right to purchase real estate in Lithuania. There are restrictions only on the purchase of agricultural objects. This can be resolved if owning a Lithuanian company that already has the right to buy this land.