This allows them to make use of the electronic administrative, public or commercial services provided in Lithuania.
The Lithuanian e-residency program is just the latest in a growing marketplace. Estonia launched it’s highly popular e-Residency program, the first of its kind, back in 2014 and it has since grown to be the program to beat.
The multicultural nature of the country also ensures you’re easily understood. Lithuanian, Russian, English, and Polish languages are widely spoken.
Excellent transport links by road, rail and air make it easy to manage distribution, if required.
The country is ranked 11th globally for Ease of Doing Business and has become a major financial hub, with notable EMIs, including Revolut, relocating to the country.
Lithuanian cities are compact and smart. From apps that help you pay for parking through to seamless public transport solutions like bike and car share, getting around is easy.
The New York Times ranks Vilnius alongside Copenhagen, Barcelona and Cape Town as a trendy and well-managed place to live.
E-resident status is granted to a foreigner from the moment of registration in the Register of Foreigners for a period of 3 years
Declare taxes or open a Lithuanian bank account
Automate or delegate business administration
Online application
Cost of application
Community size
Application time
Dedicated infrastructure/employees
Ease of Doing Business rating (2020)
Ease of Paying Taxes (2020)
Cost of starting a business
Minimum share capital downpayment
Annual company running costs
Corporate tax rate
Online application
Cost of application
Application time
Ease of Doing Business rating (2020)
Cost of starting a business
Annual company running costs
Corporate tax rate
As you can see, there are a number of differences between the programs and it can come down to the scale of your business.
Lithuania’s fee is cheaper than Estonia’s and the cost of doing business in the country can be considerably cheaper than its northern counterpart.
Applying for Lithuania’s e-residency program is also four times faster than Estonia’s, taking only 10 minutes in most cases.
Lithuania’s impressive Ease of Doing Business ranking, excellent infrastructure, cheaper application fee, and lower company running costs make its e-residency program the stand-out choice.
If you’re looking to establish a company in Lithuania, Creada is ready and waiting to help you throughout every step of the process.
Setting up a Lithuanian entity couldn’t be more straightforward, thanks to our dedicated team that comprises over 20 years of experience in the sector. Over that time, we have introduced over 800 effective business solutions to our clients.
