Jurisdiction overview: Lithuania
Lithuania is one of the most business-friendly EU jurisdictions, known for its digital infrastructure, fast company setup, and low tax burden for small businesses. Company registration in Lithuania is suitable for IT projects, online services, e-commerce, fintech, and international consulting.
The most popular entity type is the UAB (Private Limited Liability Company). It can be founded by a single shareholder and director – both can be foreigners. The minimum share capital is €1,000, and incorporation usually takes 2–5 business days. Remote registration is available via power of attorney or electronic signature.
The standard corporate tax rate is 15%, but for small companies (annual revenue under €300,000 and fewer than 10 employees), a reduced rate of 5% may apply. Lithuanian companies can obtain a VAT number, open bank accounts in EU institutions (e.g., Revolut, Paysera), and easily integrate with SEPA and SWIFT systems.
Lithuania is part of the EU and Eurozone, offering full access to European markets and financial infrastructure. The jurisdiction is also attractive for entrepreneurs seeking legal business migration: a UAB can be used as a basis to apply for residency in Lithuania under business grounds.
With a transparent legal system, strong fintech ecosystem, and competitive tax framework, Lithuania is an excellent choice for establishing a scalable and compliant business in the EU.