LITHUANIA OFFSHORE COMPANY INCORPORATION

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Setting up an offshore company in

Lithuania

As a Baltic country, Lithuania stands out as a leader in the field of Fintech. With one of the lowest tax rates in Europe, you can establish your business and obtain a license for cryptocurrencies or a financial institution in just a few months.

Offshore company formation in Lithuania

To establish an offshore company in Lithuania, the most common legal form is UAB (limited liability company), with a required share capital of approximately €3000.

Setting up an offshore company in Lithuania has the advantage of enjoying some of the lowest tax rates in Europe, with a corporate tax ranging between 5 and 15%, depending on certain conditions.

Furthermore, creating a company in Lithuania offers the opportunity to engage in highly regulated activities within the European Union, thanks to the ease and simplicity of obtaining a Fintech license for activities such as Forex & trading, Investment Services (IS) and Electronic Money Institution (EMI). These latter activities are particularly attractive to foreign investors due to the efforts made by the Bank of Lithuania to facilitate the establishment of businesses in the country, including depositing the required capital, obtaining the operational license, and even the possibility of obtaining a sandbox license before commencing actual online banking or payment service provider activities.

Since 2021, Lithuania has established a regulatory framework for companies wishing to engage in cryptocurrency-related activities. Unlike other European jurisdictions, obtaining a license in Lithuania stands out for its simplicity of procedures and relatively low costs compared to Estonia and Malta.

what to know about Lithuania

Lithuania, a member state of the European Union, is located in Northern Europe and has a political regime of a presidential republic. Its capital, Vilnius, is also the most populous city.

In addition to its membership in various international organizations such as NATO, Lithuania is currently in the process of negotiations to join the Nordic Council. Ranked 77th globally in terms of economic power based on its GDP, it is recognized as one of the most stable countries in Europe.

Since the 2000s, Lithuania has experienced sustained economic growth. The country’s authorities encourage this development by placing great importance on foreign investors.

Despite lesser appeal to foreign investors compared to its Estonian or Latvian neighbors, Lithuania boasts a highly skilled and trained workforce. Its digital infrastructure is also among the best in Europe.

Lithuania is often considered one of the top choices for launching a business due to its favorable business environment.

ESTABLISHMENT OF AN OFFSHORE COMPANY IN LITHUANIA

Incorporation in 5 business days.
No need for physical presence.
Cryptocurrency license.

USES OF AN OFFSHORE COMPANY IN LITHUANIA

Activities related to cryptocurrencies are regulated in Lithuania. However, obtaining a license to achieve goals in this field is more straightforward. Indeed, establishing a company in Lithuania can offer a more comprehensive solution than opting for incorporation in Estonia, Malta, or UK for example.
Financial institution
Activities are subject to regulation; nevertheless, it's noteworthy that obtaining an EMI license, which facilitates pursuits in online banking, is comparatively more straightforward.
Subsidiary in EU
Creating a branch or subsidiary of an offshore company in Lithuania allows you to conduct activities in Europe while having an intra-community VAT (Value Added Tax) number.
Consulting activities
To engage in consultancy activities such as marketing agency, financial consulting, or software development.
International Trade
A favorable and suitable jurisdiction for conducting activities such as e-commerce, import-export, and/or professional services, with a partial exemption from income tax.

BENEFITS OF FORMING A COMPANY IN LITHUANIA

Share capital
A minimum capital of 2500 euros is required.
Accountancy
Monthly bookkeeping is a legal requirement for all businesses registered in Lithuania.
Residence
There is no restriction regarding the residence and/or nationality of the directors and/or shareholders.
Taxation
Among the lowest in Europe, it varies between 5 to 15%
License for financial activities
A country that offers favorable conditions to foreign investors seeking to obtain a banking license, EMI license, a cryptocurrency-related license, or a payment service provider license.

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Company formation and management

LITHUANIA COMPANY FORMATION MAIN CHARACTERISTICS

Incorporation time frame
5-7 working days
Type of business entity
UAB, Mb
Coporate tax
5 - 15 %
ISO standards
Available
Informations concerning shareholders and directors
Not disclosed
Nomine services
Not available
EU VAT
EU VAT
EORI
Available

Are you interested in establishing an offshore company in Lithuania?

Schedule an appointment with one of our experts.