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Lithuania
"Lithuania provided the EMI license and regulatory clarity our payments business needed at a fraction of UK or Luxembourg costs. Talent pool exceeded expectations."
Company Formation
- UAB (private limited company) minimum capital €2,500
- 15% corporate tax rate (5% for small businesses with <10 employees and <€300k revenue)
- VAT 21% standard rate
- Fast incorporation (3-5 days online possible)
- Strong in fintech, payments, crypto, SaaS, outsourcing, shared services
- Regulatory framework for EMIs, payment institutions, crypto exchange licensing (clearer than many EU jurisdictions)
- EU single market access, euro currency
- Substance required: local presence, operations, accounting
Fintech & Licensing
- Bank of Lithuania (central bank) regulates fintech sector
- EMI (Electronic Money Institution) licenses available (faster/cheaper than Western European equivalents)
- Payment Institution licenses for money remittance, payment processing
- Crypto exchange and wallet licensing framework (among EU leaders in crypto regulation clarity)
- Revolut, Paysera, CoinGate, numerous other fintechs headquartered or licensed in Lithuania
- Regulatory pragmatism: authorities work with industry to enable innovation within compliance
- Passporting rights: license in Lithuania, operate across EU
Residency & Immigration
- Startup Visa: For founders establishing innovative businesses (business plan evaluation, €30,000 registered capital or equivalent support from accelerator/investor)
- Business Visa / Temporary Residence Permit: For entrepreneurs establishing companies in Lithuania (business plan, proof of income/capital)
- Family reunification available
- Permanent residency after 5 years
- Citizenship after 10 years (Lithuanian language requirement)
- EU Blue Card for highly skilled workers available
Business Environment & Talent
- Competitive costs: salaries 40-60% lower than Western Europe for equivalent talent
- Highly educated workforce, strong in tech, engineering, finance
- English proficiency very high among young professionals
- Vilnius emerging as Baltic tech hub (Startup Lithuania program, accelerators, coworking spaces)
- EU labor mobility (hire from across Europe)
- Improving infrastructure and quality of life
- Affordable cost of living compared to Western Europe
- Time zone GMT+2 (good for Europe, manageable for US East Coast)
- Winters cold (cultural adjustment for some)
Work With Us
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Important Notice: Aventarys Group connects clients with licensed third-party professionals. We do not provide legal, tax, accounting, or financial advice. All services are delivered by independent licensed providers. Clients should consult their own legal and tax advisors before making any decisions.
