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Setting up a business
Procedures
Businesses can be up and running in just three days, thanks to a streamlined registration process. Here’s how it works:
STEP 1
Open a bank account, which costs €30 and takes one day. Your bank card will arrive within 5 working days. You can find all of the banks that are operating in Lithuania here.
STEP 3
Register your company at the Centre of Registers – it can be done online or in person. The Centre will help you make your business legally recognised by the state, which takes 3 days.
It’s that simple. That’s why we’re No. 2 in the EU in ease of starting a business (World Bank Doing Business Report, 2016).
Incentives
R&D support of up to 70% is available for investment into infrastructure and development of new or significantly improved products, services or processes.
You can find more about the incentives available to new businesses in Lithuania at the website of our national partner, Invest Lithuania.
