Discover the Lithuania
Lithuania forms with Latvia and Estonia the European Baltic countries. Apart from these two countries, Lithuania has Belarus, Poland and Russia as neighbors. It is the southernmost country of the Baltic nations. Spread over more than 65 km², Lithuania is the largest of the Baltic States and also the most inhabited, with more than 000 inhabitants.
Lithuanian remains the official language throughout the country. This Lithuanian is a language with Indo-European roots. Other languages are however used to discuss with foreigners: Russian, English, French and German remain the most frequently used, not to mention the local dialects still used in certain regions.
The European Union has included Lithuania among its members in 2004. The latter is included in the Schengen Area since 2007, which facilitates the movement to the borders of the country. It is important to note that Lithuania is planning to enter the Eurozone soon. These specificities encourage the company creation in Lithuania.
The establishment of a company in Lithuania takes 3 on average 24 Hours with Fidulink, our business creation agents in London in Lithuania provides a full service and support 24 / 24 via the internal mail MY OFFICE.
Taxation of companies in Lithuania
The specifics of the Lithuanian tax system
The Lithuanian public authorities have put in place a more appropriate tax system in order to contribute to the country's economic growth and to reduce the gaps between the different social categories.
Lithuanian taxation provides for a rate of 15% on corporate income. However, the small companies in Lithuania benefit from a more adequate measure. In practice, a rate of 5% is applied to those who earn incomes not exceeding 500 litas during the year, and having a staff of less than 000 people. Tax reductions are also possible on certain company products, such as the sale of shares in particular.
The consumption tax varies according to the fields considered. It is 5% on medical and sports products, 9% in the building sector and 21% in all other fields. Exports are exempt from this tax.
Finally, since 1997, an agreement on the impossibility of double taxation exists between Lithuania and France.
Why create a society in Lithuania ?
Tax benefits encourage more than one investor because this is a country where the implementation of a company in Lithuania is favorable. These benefits involve fewer taxes to pay. The revenues are thus more important.
Then, the anonymity of the entrepreneur is assured. Indeed, the setting up a business in Lithuania is not subject to any governmental declaration, and the entrepreneur is not required to actually reside in Lithuania.
In addition, open a company in Lithuania is all the more interesting, since all legal activities can be practiced without constraints. In addition, Lithuania is renowned for being a stable country.
The Franco-Lithuanian double taxation agreement allows French companies to to outsource to Lithuania, more profitably. In addition, the management of companies located on Lithuanian soil can be done from the outside, as entrepreneurs are not subject to a residency obligation.
Company in Lithuania ?
What kind of society to create in Lithuania ?
For to create a company in Lithuania, the entrepreneur will have to choose between several types of status. The most widespread status remains the UAB form. It is more precisely the Private Company with Limited Liability. This company can be set up by a natural or legal person. The minimum share capital is € 2900. Otherwise, other options can be considered: public limited company, general partnership. In addition, it is possible to set up only a representative office or a branch.
The main ones entrepreneurs in Lithuania
For creation of societymost professionals can endorse the quality of project leaders. Webmasters, freelancers, service providers and businesses have the opportunity to set up a business ofoutsourcing in Lithuania.
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