Today, the issue of opening an account for any European company in the EU is quite complicated. Needless to say, the importance of having a bank account for a company is known to every businessman. Now Lithuania offers a unique opportunity for businesses to open a cherished bank account without any problems.

Advantages of a bank account in Lithuania:

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  1. Lithuanian banks allow both residents and non-residents to open accounts;
  2. There is an opportunity to choose a bank according to business goals (both small local banks and the largest Scandinavian banking groups operate in the country);
  3. Possibility to open bank accounts for individuals - citizens of Ukraine, the Russian Federation, Belarus and other CIS countries;
  4. Widespread use of the Russian language (internet banking, bank employees);
  5. Availability of a multi-currency account;
  6. State guarantee of return of deposits up to EUR 100,000 in one bank;
  7. Absence of currency control in the country, availability of funds and transfers at any time of the day;
  8. Possibility to order government services, bank services or other commercial services for your business in Lithuania without personal presence via Internet banking.

Account opening procedure

For legal entities:

It is becoming increasingly difficult to open an account in Lithuania for a company in which the shareholder and/or director is a non-resident of Lithuania, but it is still possible.

Each bank is different. Most banks ask for a non-refundable preliminary fee to be paid at the time of submission of documents, while some banks, in addition to all documents, ask for extensive documentation proving the company's connection with Lithuania.

On average, the processing time varies from a few days to a couple of months, depending on which bank is considering the documents and what the company does. It is also possible to open a bank account in Lithuania in 1 day, which sounds like a fantasy for many European countries.

In any case, the director of the company must be personally present at the bank at the time of opening the bank account.

For individuals:

In general, the rules for opening a bank account for non-residents in Lithuania do not differ from the procedure for opening an account for a company. You must come to the nearest service unit and present your passport with a valid Schengen visa. You are also obliged to confirm the need for a bank account and sometimes the connection with Lithuania. Otherwise, the account will not be opened.

We select for our clients (for them and their companies) the bank that best suits their request and needs based on their citizenship and ties with Lithuania. By applying to a bank that does not suit you and does not work with clients like you, you risk losing time and being left without a fee for reviewing documents, which is not refundable even in case of refusal to open a bank account.

Advantages of co-operation with Lano Solutions

  1. Our company has been successfully helping foreign companies and clients to open accounts in Lithuania for more than 7 years. Almost all our clients co-operate with us on a permanent basis and recommend us to their friends and partners.
  2. Our staff includes qualified lawyers who know the subtleties of local legislation and peculiarities of interaction with banking institutions, taking into account the current increased requirements of banks to accept new clients. Opening an account for a non-resident in Lithuania with our help is a real and feasible task, which we will fulfil for you in the shortest possible time, taking into account the peculiarities of your business and company activities.
  3. We approach each issue individually: we value your time and choose the best bank that will exactly fit your needs.

Call us at +370 647 12 811 and we will help you open an account in Lithuania for you or your company.

Interested in opening a bank account in Lithuania?

Email us for a free consultation!