- From: Grand Baie
- Registered: 2005-03-11
- Posts: 27532
Doing business in Lithuania
are foreign investors welcome in Lithuania?
Is it complicated to register a company in Lithuania? What is the procedure?
What is the corporate tax rate in Lithuania?
Is it easy to recruit?
Any advice you would share with us?
Thank you very much for your participation,
- New member
- Registered: 2012-09-27
- Posts: 3
Re: Doing business in Lithuania
Foreign investors are allways wellcome here in Lithuania.
Its not difficult to establish a company if you know the procedure. Generally it involves signing of the act of incorporation, opening bank account , certifying establishing docs with public notary and filing everything with Registrar of Companies. The minimum share capital for Limited Liability Company is 10 000 Litas (2900 Euros).
Currently corporate tax size is 15 %, but is possible to pay 5 % if certain size requirements are met.
As regards reqruitment of staff it is very easy to find good profesionals in LT due to high unemployment rate. BTW around 90 % of Lithuanias has higher education diplomas.
Hope that helps,
Let me know if there's anything else