FAQ for Lithuania in English

What will be the costs to set up the business and run it for the first few months?

Necessary investments depend on your business idea.

Making estimates on how much your business will cost you several first months, plan your expenditures on materials, lease of premises, advertising, wages for yourself and your employees, accounting company services, etc.

More information:

Starting-up an activity according to individual activity certificate is cost-free.

Business license costs only a flat income tax determined by the municipality. Tax depends on the type of activity and period covered by the activity.

Setting an individual enterprise (IĮ) does not require any authorized capital or other financial contribution. Approximate costs for establishing IĮ:

  1. reservation of IĮ name – EUR 16.22,
  2. IĮ registration – EUR 30.99,
  3. notary fee – approx. EUR 100,

Founding a small partnership (MB) contribution of individual member may be a mere 1 euro (size and form of contribution is chosen by members of MB). Approximate costs for establishing MB:

  1. reservation of MB name – EUR 16.22,
  2. MB registration – EUR 51.61,
  3. notary fee – approx. EUR 120,

Establishing a limited liability company (UAB) authorized capital is required – not less than EUR 2500. Costs for opening UAB:

  1. reservation of UAB name – EUR 16.22,
  2. UAB registration – EUR 57.34,
  3. notary fee – approx. EUR 130,

If you will set up a company electronically via self-service of Register of Legal Entities, you will save money from paying to notary. However, if you will purchase documentation preparation services, it will cost you 150-200 euros.

Please pay attention that upon carrying out certain activities you have to obtain licenses and/or permits (more information under FAQ What are the legal requirements?).

Making estimates on how much your business will cost you several first months, plan your expenditures on materials, lease of premises, advertising, wages for yourself and your employees, accounting company services, etc.

It goes without saying that you will have to pay various taxes each month (more information under FAQ What are general business taxes to pay? What type of business (business format) can you set up in this country and what are the differences? What kind of bureaucracy do I have to be aware of?).