When founder-creators start`s funding the consequence of any corporation, they determine its location. If offshore`s regions are not taken into account, the EU member states are considered to be the most priority choice. This is due to the globalization of the European economy and opportunities to work under transparent rules.
The Baltic region is quite attractive. If Latvia is offshore, as an alternative creators are choosing to set up business in Lithuania. This land has a good economic performance and access to markets in the western and central parts of the continent.
Therefore, many new players in businesses in Lithuania have been appearing recently. It is not very difficult to establish a company in this country, but it will still take some time.
To comprehend the nuances of founding a licit commodity and the blessings of doing business in Lithuania, you need to thoroughly study the local legislation. If everything is done correctly, the established corporation will bring a stable income to its founders for many years. Therefore, it is necessary to act quickly.
Why it is advantageous to open a busineses in Lithuania
Investor`s rarely believe unverified info and are willing to invest only in those projects that will benefit them. But they should consider opening a business-for-sale in Lithuania. This land has considerable edges, comprising:
- the cost of opening a legal entity is one of the lowest in Europe;
- lower tax rates than in other EU member states (VAT 21%, profit tax from 5 to 15%, depending on the sphere of activity);
- use of technology to simplify the application (the application can be submitted electronically, as well as reports with declarations);
- the country ranks at the top in the ratings for monetary freedom and mitigation of execution commerce;
- considerable well-known corporations keep their offices in the countryside.
Doing business in Lithuania is advantageous because of a lot of factors. You exclusively require to initiate the process, and the earnings will not make the creator`s wait long. It is importantly to conduct a transparent and honest interchange because otherwise your corporation can be closed down instantly. Transparent sales and obtaining legal income will allow you to count on additional preferences from the Lithuanian`s regulatory controls in the future.
Steps of Corporation enrollment
Enrollment in a corporation in Lithuania follows certain procedures. It doesn`t matter whether you contain a small business for sale in Lithuania or a large corp, the process of beginning will be identical. To be able to enlist a lawful commodity, a mouthpiece of the corporation must raise the following docs:
- a copy of the notarized certificate of incorporation of the founders;
- copies of the articles of incorporation of the legal entity, which must fall under local law requirement, indicating the CERs;
- the title of the future corporation. Spelled out in Latin letters (it is better to prepare several variants, because one of them may already be registered to other owners);
- a document indicating the location of the legal and actual addresses of the corporation;
- data on shareholders with complete info about them (it does not matter whether the shareholders include legal entities or only individuals);
- an act of submitting all of the above docs to the supervisory authority;
- a document confirming the existence of a bank`s arrangement;
- a payment slip confirming that the amount of the charter capital has been deposited in the bankings accounts.
For the supervisory authority to initiate considering your application for a business for sale in Lithuania, these docs necessarily pass signed and certified by the director. After receiving the critical docs, the process of registering a legal entity will be entered.
Types of Permitted Commodities for Lithuanian`s business
To make your business in Lithuania for sale flourish, you didn`t only ought to actively recruit consumers and understand the principles of your work. It is also importantly to choose the right organizational and legal arrangement for a lawful entity. There are not many varieties of structures in the format of online business for sale in Lithuania and each has edges and disadvantages.
Mostly ordinary varieties of structures for corporations are as follows:
- Joint-stock companies (CJSC). Using this form, the legal entity will have unreasonable detriment. This type of corporation is the most common among Lithuanian corporations. In this form of ownership, the minimum share assets is 2500 EUR. The greatest potential quantity of co-members is 250. Management is carried out by the director of the corp;
- A small partnership is also a corporation with unreasonable detriment. It is relatively new in Lithuania, therefore not many people use this form of ownership. There is no principal requirement for such a corps, but the quantity of co-members must not overreach 10 people. This is a JSC with a lower turnover;
- Individual enterprises are created by one person, who most often (but not always) is the CEO. The liability of the inventor of such a corporation is not unreasonable. This means that in case of non-fulfillment of contractual commitments, the owner of the permitted commodity will be answerable for his property. That is why this form is rarely used in practice;
- Joint-stock companies are also similar to CJSC, but the requirements for them are higher. The main difference is the lack of constraints on the number of co-members, and the percentage coffers aren`t less than 40 thousand Euros. JSC is managed by the executive specified by the board fellows;
- The full economic collaboration is a variety of permitted commodities. where someone may unite and conduct trading movements. They are not subject to conditions on the empowered funds, and the number of members of the partnership most often doesn`t overextend 20 people.
Each of these forms of ownership has its advantages and disadvantages. Therefore, investors should decide in advance in which form they want to enlist a corporation and start a business in Lithuania.
Consult by our employees
Lithuanian legislation is quite simple, but regulatory authorities will check every letter and dot when registering with Lithuania Businesses For Sale. For prompt execution of necessary docs, and to turn to experienced specialists.
Our company is ready to offer such services. After our consultation, it is extremely rare for clients to return docs with requests for revision. We can unaidedly send the crucial docs to enlist your lawful commodity in Lithuania. We help you can be notified of the completion of enrollment procedures within a predetermined time and you can get to work before your competitors. So do not miss this opportunity.
