Lithuania is a very appealing investment destination for foreign investors from both the EU and outside it. The local workforce which comprises young and well-prepared individuals, the legislation which favors foreign direct investments and the easy registration procedure of a company are just a few of the appealing factors for starting a business in Lithuania.
Speaking about the company registration procedure, one of the most important steps when starting a business in Lithuania is obtaining the necessary licenses and permits in order be able to operate.
Below, our company formation agents in Lithuania offer information about the main types of business licenses and permits needed to open a company.
There are two main categories of business licenses and permits to be obtained when opening a company in Lithuania. The first one is related to the ordinary permits, such as the business license issued upon company incorporation, while the other category is related to the licenses required for specific activities.
The following business licenses must be obtained by certain companies in Lithuania:
It must be noted that separate licenses are required to transporting goods and passengers.
The Civil Code is the main law stipulating that all Lithuanian companies need to obtain one or more business permits before starting any economic activity. In order to obtain any business license in Lithuania, a company must:
For full information on how to apply for business licenses and permits, please contact our company registration consultants in Lithuania.