Lithuania is known for its flexibility in company formation and low corporate tax rates in the EU. The country offers a fantastic business environment and regulations for Fintechs, making it a top destination for Fintech startups. With over 230 Fintech companies, Lithuania has become a leading country in this industry despite its small population. Choose Lithuania for your Fintech or company registration for a competitive and business-friendly environment.

Individuals need the following for company incorporation in Lithuania:

• Notarized and apostilled passport copy of all shareholders
• Notarized and apostilled passport copy of all directors
• A recent utility bill copy not older than 3 months

For a legal entity shareholder:

• Notarized and apostilled Certificate of Incorporation
• Notarized and apostilled Register of Directors certificate
• Notarized and apostilled Register of Shareholders

• Tax rules

As an EU member and part of the Eurozone, Lithuania offers a reputable business environment. With one of the lowest corporate tax rates in the EU, you can enjoy the benefits of a tax haven without the drawbacks. Plus, Lithuania has signed numerous double taxation treaties, providing further tax benefits for your company.

• Economy and business opportunities

Lithuania offers excellent prospects for company incorporation with its consistent economic growth, open economy, and low government debt. Setting up and running a company in Lithuania is simple and easy, making it one of the best EU jurisdictions. With one of the lowest costs of living in the EU, consider Lithuania for establishing your EU residency.

• Fintech jurisdiction

Lithuania is one of Europe’s leaders when it comes to Fintech establishment and licences. Lithuania is regarded as one of the most technologically developed country in the world, ranking №1 EU destination for Fintech registration & licencing. As of 2021, Lithuania has over 220 Fintechs registered and licenced in Lithuania operating on a daily basis worldwide, including famous institutions like: Revolut, TransferGo, DiPocket, Curve Europe and others.

1. Corporate income tax: the standard corporate income tax rate in Lithuania is 15%. If certain requirements are satisfied, new small businesses entering Lithuania may be eligible for a 0% corporate income tax rate for their first year of operation. Subsequently companies will pay the rate of 15% after the first corporate tax-free year.
2. VAT: standard value added tax rate in Lithuania is 21%, with a reduced rate for particular products.

To know detailed information about other tax rates in Lithuania that may be applicable to your business, we invite you to check our Ultimate Guide to Tax in Lithuania.