Services for Foreign Investors
International Investors welcome!
Foreign Investor’s Services aim to be a useful tool for foreign investors looking for investment opportunities in Lithuania and entering activities in foreign market.
Foreign Investor’s Services includes all services that investors usually ask for and act as business development / consulting and service provider for small and medium companies.
Services will be provided by either active partners or associated partners within the established network.
Services:
- Market research / Market introduction
- Company formation and registration
- Property Management/ Provision
- Legal Advice and Services
- Search and Recruitment
- Accounting Services
- Tax Advice
- Auditing Services
- Structural Engineering
- Technological Design
- Transport and Logistics
- Translation of a document from/into a foreign language and its certification
- Search for a partner in Lithuania at the request of a foreign company
- Making arrangements for Business Meetings, conferences and presentations
- Public Relations Services
- IT solutions and Services
Services for Foreign Investors
Mrs. Jolanta Mileskiene
H.Manto 84-311, LT-92294 Klaipeda
Phone: +370 46 410300
Mobile: +370 615 31080
eMail: verslas[a]vakarai.lt
Business Law in Lithuania
Law on Investments
Labour Code
Types of Companies
Establishment Documents and Terms
Environmental Law
Taxes and costs
Enterprises registered in Lithuania must pay taxes according to Lithuanian Law.
Major Corporate Taxes:
| Tax | % |
| Personal income tax | 15 (+6% health insurance contribution) |
| Corporate profit tax | 20 |
| Tax on dividends | 0*-20 |
| Social security tax for employer | 31 (+ employee’s contribution of 3%) |
| VAT | 21 |
| Real estate tax | 1 |
| Land tax | 1.5 |
*0% tax on dividends applies when an investor controls at least 10% of voting shares in the enterprise for the period of at least 12 months.
Utility Costs:
| Utilities for companies | Measurement | Average rates in EUR |
| Electricity | 1 kWh | 0,05-0,11 |
| Natural gas | 1 m3 | 0,22-2,06 |
| Cold drinking water | 1 m3 | 1,11-2,06 |
| Cold water for technical purposes | 1 m3 | 1,11-2,06 |
| Hot water | 1 m3 | 2,62-3,59 |
_____________________________________________________________
State Tax Inspectorate (STI) administers assessment and payment of taxes and other contributions that are paid to the state (municipal) budged and funds. According to the Tax Laws, taxes that were not paid on time and fines that were imposed on taxpayers are ingathered by STI. It also returns overpayments, executes the decisions of local municipality concerning benefits on taxes, levies and deduction to its budget and funds. Moreover, STI organizes the accounting, evaluation and selling of property, which was forfeited, has no owner, was inherited by the government.
Information updated
2009-06-03
Seeking for a better support for foreign investors to enhance their business in Lithuania, State Tax Inspectorate under the Ministry of Finance of Lithuania regularly publishes relevant information as regards business legalization, tax legislation, declaration and payment of taxes and international tax treaties at the official website www.vmi.lt.
2. Rights and Obligations of Taxpayer.
3. Taxes:
3.1. Personal income tax:
3.1.1. Information about Personal Income Tax in Lithuania
3.1.2. Who is a resident of Lithuania for the purposes of tax payment and returns.
3.2.1. Corporate income tax;
3.2.2. Taxes payable by foreign legal entities in the Republic of Lithuania.
3.3. Administration of Insurance;
3.4. Value added tax
3.4.1. Registration of Foreign Persons as VAT Payers;
3.4.2. Registration Of Foreign Persons As Vat Payers;
3.4.3. Refund of VAT paid in Lithuania to foreign taxable Persons.
6. Service:
6.1. Taxpayer Service Standards;