Licensing of activities is a generally accepted world practice. The state uses licenses to grant businesses permission to operate in certain areas, thereby protecting the end consumers of products or services. The Republic of Lithuania is no exception in this matter — you also have to obtain licenses and permits for doing a certain business
Legal support is an integral part of any business at all stages of its life cycle. A competent lawyer is required when establishing enterprises, in the process of doing business, when concluding contracts, scaling, and even during the sale or liquidation of companies. If you are planning to open a company in Lithuania or already
The Republic of Lithuania has all the favourable conditions for doing business. Entrepreneurs from both the EU and neighbouring countries outside the European Union, including Ukraine, Russia, Belarus, prefer to start and develop their own businesses in the country. Do you want to open a company in Lithuania but know nothing about where to start
UAB (Lithuanian: Uždaroji akcinė bendrovė) or closed joint stock company is the most common form of business in the Republic of Lithuania. 9 out of 10 companies are registered as a closed joint stock company in Lithuania. The reasons are many: from the ease of organising a business to an acceptable taxation level. If you
American entrepreneur John Rockefeller once said that one should be afraid of not big expenses but of small incomes. There is indeed some truth in it. However, this statement does not apply to business taxation. It is the owners’ natural desire to work with a low tax burden. The Republic of Lithuania, like some other
To open a restaurant, engage in passenger transportation or found your own antique shop in Lithuania, you have to obtain a state license. Such a permit allows you to legally provide services or conduct activities on the territory of the Republic of Lithuania. This license is an excellent tool for the state to protect the
