Openness to innovation, an increasingly digitized society, and a stamp of approval from hundreds of leading global companies - this is Lithuania today. A leader in continental Europe by the number of licensed e-money and payment institutions, Lithuania is ranked in the TOP10 of the Global Fintech Index. Lithuania offers a business-friendly regulatory environment with efficient licensing processes and a rich talent pool in software development, compliance, customer support and operations. 

Lithuania is the biggest of the Baltic states and regards itself as the region’s economic powerhouse. It has succeeded in attracting significant inflows of foreign direct investment due to the low costs of accounting and administration, low taxes and good geographical position. Lithuania is a member of EU and NATO, it is a part of the Eurozone and has a stable, west and business-oriented government. Lithuania has concluded agreements with many countries on avoiding double taxation, the country has a relatively inexpensive labour, low price level and no exchange controls. Corporation tax is 15%, one of the lowest rates in the EU.

Types of the companies:

• Private Limited Company (UAB)
• Public Limited Company (AB) 
• General Partnership (TUB) or Limited Partnership (KUB)
• Branch or Representative Office

Incorporating a Lithuanian private limited liability company (UAB) can be rewarding for small and medium businesses as it grants high profits with small incorporation requirements. For example, for a Lithuanian UAB the minimum share capital is approximately EUR 2,500, divided into shares with nominal value and non-transferable. The management is assured by the general meeting of the shareholders and a director appointed by it.