Yes! Both EU and non-EU citizens can set up a business in Lithuania. EU citizens can register without a residence permit. Non-EU entrepreneurs may apply via programmes like the Startup Visa Lithuania if their business idea is innovative and meets financing criteria.

Setting up a business is straightforward and can often be completed in just a few days electronically, provided you have all necessary documents prepared.

You can register as:

• Private limited company (UAB) – the most common type for startups and SMEs

• Individual activity – for freelancers and small-scale entrepreneurs

• Business licence (“verslo liudijimas”) – for certain regulated services
  Choose the type based on your business model and long-term goals.

Yes, some business activities require sector-specific permits. Check the requirements for your business type before registering.

• Company registration fees are paid to the Register of Legal Entities.

• You may also need a notary for founding documents, and a bank account for share capital.

• Costs vary depending on the company type and legal requirements.

Yes. It’s important to evaluate your expected results, market prospects, and ensure all founding documents are in order before registration.

Get in touch with our partner Innovation Agency Lithuania.

Innovation Agency is Lithuania’s business competitiveness partner in a global world.

Website: Inovaciju Agentura

Advising on business start-up and development issues.

Helping to establish new business contacts and partnerships.

Consulting on regulations, requirements, licenses as well as quality support to establish business in Lithuania.

Implementing and administrating financial and other support measures for Lithuanian businesses.

Facilitating and developing high value-added industries and ecosystems, including startup community.

Contact their customer support line for individual consultation +370 5 206 20 02, or by email: [email protected]

Online calls can be scheduled if needed.