At Lawhill, we offer expert services to help foreign companies establish a Branch or Representative Office in Lithuania. Whether you’re looking to expand your business operations or create a presence in the European market, our team ensures a smooth and efficient setup process tailored to your needs.
STEP-BY-STEP PROCESS
At Lawhill, we simplify the process of setting up a Branch or Representative Office in Lithuania. Here’s what we offer:
- Consultation: We start by understanding your business goals and advising you on the most suitable structure for your needs.
- Document preparation: Our experts handle all the necessary documentation, including the Articles of Association and registration
- Name Reservation: We assist in choosing and reserving a unique name for your company.
- Remote formation services: With Lawhill, you don’t need to be physically present in Lithuania. We offer fully remote company formation services, including document submission, local representation, and communication with authorities.
- Registered Address Service: If needed, we can provide a legal address in Lithuania for your Individual Company.
- Submission to the Registry: We manage the submission of all required documents to the Lithuanian Centre of Registers to finalize your company registration.
- Bank account: After the company is formed, we assist in opening a bank account remotely, ensuring compliance with all necessary regulations and documentation.
KEY REQUIREMENTS
The parent company’s registration certificate, Articles of Association, and financial statements must be submitted.
A local manager or representative must be appointed to oversee operations.
The name of the Branch or Representative Office must include the name of the parent company.
Every Branch or Representative Office must have a registered office in Lithuania. We can provide a registered address to meet this obligation.
WHY CHOOSE BRANCH OR REPRESENTATIVE OFFICE?
Establishing a Branch or Representative Office in Lithuania is an excellent way for foreign businesses to enter the Lithuanian and EU markets. Here are the key benefits:
- Local representation: A local presence enhances customer trust and facilitates partnerships with Lithuanian and EU businesses.
- Access to EU markets: Lithuania serves as a gateway to the European Union, providing access to a large market of over 500 million consumers.
- Simplified administration: A Branch or Representative Office operates as part of the parent company, simplifying compliance and management.
ADDITIONAL SERVICES
At Lawhill, we provide comprehensive accounting and payroll services tailored to meet the needs of your business. From bookkeeping to tax filings, we ensure your financial records are compliant with Lithuanian regulations. Our team handles payroll management, ensuring timely and accurate payment for your employees.
Navigating the banking system in a foreign country can be challenging. We assist you in opening local and international bank accounts, guiding you through compliance requirements and documentation. Whether for operational needs or capital deposits, we streamline the process to secure your accounts efficiently.
Establish a professional presence in Lithuania with our virtual office services. We provide a legal address required for company registration and offer correspondence management to ensure you never miss important communication. This service is ideal for businesses operating remotely or without a physical office in Lithuania.
Certain industries in Lithuania require specific licenses to operate legally. At Lawhill, we help you obtain necessary licenses such as transport, pharmaceutical, Virtual Asset Service Provider (VASP), and temporary employment licenses. Our experts ensure the application process is smooth, saving you time and effort while adhering to all legal requirements.
We offer a full range of legal services tailored to businesses, including contract drafting, regulatory compliance, dispute resolution, mergers, and acquisitions. Our experienced legal team ensures that your business is fully protected and operates within the framework of Lithuanian and EU laws.
F.A.Q
Forming a Branch or Representative Office in Lithuania typically takes 1 to 2 weeks after receiving all necessary documents from the client, making the process both efficient and straightforward
- Corporate Income Tax: 6% for companies with an annual turnover of up to €300,000; 16% for companies with an annual turnover exceeding €300,000.
- Dividend Tax: A flat rate of 15% applies to distributed dividends.
- Value Added Tax (VAT): Standard VAT rate in Lithuania is 21%.
- Member of NATO and the EU: Lithuania has been a stable and secure member of NATO and the European Union since 2004, offering businesses access to one of the largest markets globally.
- Competitive Tax Environment: Lithuania boasts one of the lowest corporate tax rates in the EU, including special tax incentives for small businesses and startups.
- Strong Economic Growth: Ranked 1st in the EU for real GDP per capita growth from 2000 to 2020, Lithuania is an emerging leader in economic development.
- Fast and Simple Business Setup: Lithuania offers a straightforward process for company registration, making it easy for businesses to get started quickly.
- Multilingual and Skilled Workforce: The vast majority of young professionals in Lithuania are proficient in English, with many also fluent in other major European languages, ensuring smooth business communication.
- Strategic Geographic Location: Positioned at the crossroads of Europe, Lithuania provides excellent logistics and connectivity, making it a strategic hub for businesses targeting the European and global markets.
- Modern Digital Infrastructure: As a leader in digital innovation, Lithuania offers a robust infrastructure, ideal for startups, fintech companies, and tech-driven businesses.
- Business-Friendly Policies: Lithuania fosters a startup-friendly ecosystem with government incentives and grants for innovative businesses, including tech and green energy industries.