Large business setup in Lithuania
Starting a large company requires thorough preparation and effort, with specific obstacles and factors to consider. We will explore the benefits of launching a corporation in Lithuania and how our tailored solutions can help you succeed.
The process of setting up a large business
Creating a significant business in Lithuania involves a similar process to starting a small or medium-sized company. Nonetheless, because of its size and intricacy, establishing a large business usually necessitates more time and resources. The steps involved include:
Choose a business name
The name of the business must be original and not already taken. You can verify the availability of a name on the Lithuania Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your large business. We offer expert advice on Private Limited Liability Company (UAB), Public Limited Company (AB), Branch Office, and Holding Company to assist you in making a well-informed decision that fits your unique needs and future goals.
Set up legal address
It is crucial to have a legal address when launching a business, as it acts as the primary point of contact for government agencies, legal authorities, and key business communications. Selecting a legal address that complies with local regulations and suits your business needs is essential.
Get the necessary paperwork ready
Our expert team will assist you in creating detailed and customized documentation tailored to your company’s structure and objectives. We ensure compliance with all legal requirements and will handle the filing process on your behalf.
Open a bank account
We will guide you every step of the way in opening a bank account, making sure that your company meets all regulatory requirements and helping you select a trustworthy financial institution for your account in Lithuania.
Company registration
We assist in registering your business with authorities such as the Trade and Companies Register and tax authorities, allowing you to focus on other tasks. This ensures that your business is legally recognized and compliant from the beginning.
Setup accounting
In order to effectively start a big business, it is crucial to keep precise financial records. Our group of accounting professionals can assist in implementing efficient accounting and bookkeeping methods that adhere to the guidelines of Lithuania.
Large business examples
Large businesses work in various industries and sectors, each with their own unique requirements. Here are a few examples of large businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Lithuania
Lithuania is an attractive location for establishing large businesses, providing many benefits:
Strategic location
Lithuania’s favorable business environment, well-trained workforce, and advantageous location near the Baltic Sea make it a perfect choice for investing in technology and manufacturing. The country’s cost-effective solutions, accommodating regulatory environment, and thriving startup scene provide a variety of benefits for businesses considering entering the European market.
Favorable tax regime
Lithuania has a corporate income tax rate of 15%, which is flat. The country encourages investments in areas such as technology and innovation by offering incentives. Additionally, Lithuania is part of the EU and the Eurozone, providing a favorable tax environment.
Banking
Lithuania’s banking strengths are found in its well-controlled financial industry, which promotes innovation and digital banking solutions, leading to opportunities for efficient and technology-focused financial services and investment ventures.
Our Large business setup solutions
We understand the value of your time and resources. That’s why we offer two convenient options to make the company formation process easier.
Business formation online
With the online platform offered by Lithuania, individuals are able to start and finish the process of setting up a business from any location worldwide. Being able to track progress, submit necessary documents, and access our services via secure digital channels guarantees a seamless and convenient experience.
Business formation remotely
If you would like a more hands-off approach, we are able to manage all the necessary paperwork for you. Our team of experts will handle all the required formalities, complete the paperwork, and communicate with the appropriate authorities on your behalf to ensure your peace of mind.
Contact us
Contact us now to schedule a meeting and begin pursuing your business goals. Let’s move forward together.