Lithuania Immigration COMPANY REGISTRATION IN LITHUANIA
The formation of a joint stock company (JSC) allows a foreigner to start a business or legally transfer an existing company to Lithuania after paying the necessary taxes.
REGISTRATION OF A COMPANY
In its first months, in accordance with the legislation of the Republic of Lithuania, the newly found company can remain in the so-called “sleeping” period. The sleeping period can last 1-12 months. It is believed that during this period, the company prepares all the necessary instruments for work.
In future, enterprises have to perform minimal operations which would show work of the company. The funds which are deposited and withdrawn from the bank account of a company constitute the minimal operations. Income of the company has to be no less than 100 €. Furthermore, the company has to pay a monthly employee’s salary tax – 150 €.
COMPANY REGISTRATION FOR BUSINESS PURPOSES
If you intend to do business in Lithuania and in the EU, it might be useful for you to know, how much money is needed to maintain the company, particularly to pay the taxes.
Taxing of companies in Lithuania is not strict and allows businessmen to earn significant gains. There are lots of taxes, but one is not supposed to pay all of them, only those, which depend on the operations of one’s company. Tax reports are not difficult to fill in, but if need be, we could inquire specialists to help you (prices for framing of accounting and tax accounting reports in Lithuania ale low, prices for maintenance of a company vary from 100 € to 500 €).
