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Every Lithuanian company should have a registration address in Lithuania, but there is no requirement to rent or purchase actual premises for your office.
In case your company reaches an annual turnover of € 45 000.00 or more, it is compulsory to register the company as a VAT payer. In the most of other cases you can choose whether to register as VAT payer or not. Feel free to contact us for further info.
In a private limited liability company (UAB), it is required to have at least 1 employee, the director of the company. However, in a small partnership (MB), you are not obliged to have any employees in the company.
Each company should hire an accountant or make an agreement of the accountancy service with an outsourced company. The bookeeping company should know the Lithuanian language and the law of the Republic of Lithuania.
Minimal monthly expenses to sustain a company depend on the type of company, quantity of activity and employees. No worries though - total expenses may be as low as €25 per month! Feel free to contact us for further info.
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