Contact in Lithuania
Lithuania:
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US: +1 415 651 8449

Company Formation in Lithuania

Vilnius , the capital of Lithuania has now become the destination of choice for many Tech Startups and top companies like Danske Bank, Western Union, Nasdaq, Booking.com because of the favorable regulatory and business environment.

Setting up a business in Lithuania is straightforward, most operations can be done remotely. A company can be set up electronically in just a few days as long as all your documents are in order.

The easy part is to incorporate, another story is to comply with specific Lithuanian and European Union regulations regarding activities performed by your company. Necessary policies and procedures include, but are not limited to:

  1. Data protection (GDPR) and information security policies.
  2. Workplace health, safety and security policy.
  3. Employee code of conduct, disciplinary action, remuneration policies and procedures.
  4. Outsourcing policies.
  5. Compliance policies and procedures.
  6. Organizational structure policy of the Company.
  7. Decision-making procedures and policies in the Company.
  8. Policies to prevent money laundering and terrorist financing (AML/TF), relevant risk assessment and management procedures, KYC & CDD policies.
  9. Procedures and policies for internal reporting and communication in the Company.
  10. Procedures for the separation of functions in the Company.
  11. A description of the resources (particularly human and technical) allocated to the various activities planned.
  12. Organizational policies and procedures.
  13. An explanation of how the entity will comply with its prudential and performance requirements by Lithuanian and EU law.
  14. Procedures for ensuring the qualifications of employees.
  15. Product management procedures and policies.
  16. Accounting procedures and policies.
  17. Procedures for the creation, storage, and retrieval of data on services provided, activities performed and transactions concluded.
  18. A description of the Company’s performance monitoring systems, including back-up systems.
  19. Business continuity plans, including systems and human resources (key personnel).
  20. Records management, recording and storage policies.
  21. A description of the procedures manual.
  22. Policies on conflict of interest.
  23. Complaints handling policy.

Most of the time your company will need at least several of the written policies and procedures listed above to comply with the regulation, regardless of what activities your company will perform. Non-compliance will lead to fines by governmental supervisory authorities, also to other consequences.

A skilled lawyer will provide initial drafts and guidance to direct your company the right way from the beginning to comply with the Lithuanian and EU regulation, to avoid costly mistakes.

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Client testimonials

"Quick response. No complaints."

Robert Thompson (Mar 29, 2021)

Company Formation

This service is available across Lithuania

Location

1Who is this service for?

Company formation in Spain is unfortunately more complex and time-consuming than is the case in the UK and other Anglo-Saxon jurisdictions.

The first and most important step to ensuring the long-term viability of your new business in Spain is to get the right help and advice from those with experience and knowledge of the business environment you are going to be facing.

Advocate Abroad’s network of tax lawyers and accountants are seasoned experts at helping English-speakers set-up businesses in Spain in those sectors that expats tend to open– from IT Companies to Restaurants, from plumbers to Diving Schools.

We understand your business and we are motivated to help you succeed.

2What does this service consist of?

  • Ensure legal interests are protected, especially when creating a company with several partners.
  • Drawing-up a notarial contract according to your guidelines, properly prepared and tailored to your objectives.
  • Ensuring that your Articles of Association contain all necessary elements.
  • Make sure that the application is made in accordance with the requirements of the Commercial Companies Code. With the power of attorney you will have granted to us, on your behalf we will register your company at all Government institutions and offices required by law.
  • Applying for company tax and identification numbers.
  • Obtaining all necessary documents, permits and approvals.
  • Dealing with bank formalities connected with setting up of the company bank account.
  • Once completed the registration process, we will draw up all other corporate documents required by the Commercial Companies Code.
Support services

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

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