Opening a business bank account in EU has become quite difficult nowadays. There is no need to say why you should have a business bank account, it’s known to every businessman. Today Lithuania offers a unique business opportunity to open a bank account without any difficulties.
It is getting more difficult to open bank accounts in Lithuania for legal entities with non-resident owners (shareholder and/or director), but is still possible.
Each bank has its own requirements. Most of the banks ask to pay a non-refundable fee while submitting the documents, whereas some banks ask to provide extensive documentation proving the company’s business relationship with Lithuania.
Typically, the bank reviews the documents from a few days till several months, depending on the bank and company’s activities. It is also possible to open a bank account in Lithuania within 1 day that sounds like a fantasy for many European countries.
The personal presence of company’s director is required in any case.
Generally, the requirements for opening a bank account for non-residents individuals in Lithuania do not differ from those imposed on a business account. You should visit the nearest bank department and provide your passport with a valid Schengen visa. You are also required to present some documents that prove your need for a bank account. Otherwise your application will be decline.
We select the bank that best suits our clients’ needs based on their citizenship and ties with Lithuania.