Lithuania
is the biggest
of the Baltic
States and regards
itself as the
region’s economic
powerhouse.
Certainly it
has succeeded
in attracting
significant
inflows of foreign
direct investment,
with investors
encouraged by
a combination
of a stable
economy, low
inflation, low
labour costs
and a liberal
business environment.
Corporation
tax is 15%,
one of the lowest
rates in the
EU.
REQUIREMENTS
Minimum
share capital
to be deposited:
€2,896,
at least
25% to be
paid up.
No
requirement
for board
or supervisory
council.
Maximum
number of
shareholders
is 250.
You
will need
to go over
to Lithuania
in order
to sign
documents
with the
Notary and
to sign
forms for
the bank
account.
FEES
•
Fee for
company
formation,
bank account
and VAT
registration:
£2,858.90
ex. VAT.
OFFICES
Virtual
office (includes
telephone,
fax and
mail forwarding
facilities):
£200 per
month payable
quarterly
in advance
plus £600
plus deposit
refundable
within 30
days of
termination
of office
contract.
Serviced
office:
cost as
per requirement..
ACCOUNTANCY
Quote
based upon
approximate
number of
monthly
invoices
and projected
annual turnover.
HOW DO I PROCEED?
In order to commence the formation procedure, we will require the following:
Payment
of the company
formation
cost.
A
completed
application
form.
A
certified
copy of
each director/shareholders
passport.
Two
utility
bills that
are less
than three
months old.
