http://www.lithuaniatribune.com/70206/i … 201470206/
Up until now, Lithuania has been considered one of the most attractive European countries for potential small business immigrants, because here, unlike in most other member states, foreigners needed to make comparatively minor investment in their own business i.e., it was enough to set up a private limited company and ensure that the firms nominal value of the authorised capital is no less than LTL 50,000 (EUR 14,500). However, in a case when the foreigner declares himself the companys head, it was enough to have minimum sum of statuary capital LTL 10,000 (EUR 2,900), says Aurelija Rutkauskaitė, associate partner of law firm Triniti.
The new amendment, which is set to come into effect on 1 October, doubles the minimal authorised capital and makes it no less than LTL 100,000, half of which needs to be funded by the owner personally. There is also a new requirement that a foreigners firm must conduct business for at least six months prior to the owners application for temporary residency permit. The business also has to have at least three Lithuanian employees working full time.
YOUR OPINION On above changes! Still there is a chance or now should prepare for new rule!