Introduction to setting up a Lithuanian branch
Lithuania is the largest state in the Baltic region and its geographical position allows for excellent trade links between Eastern Europe, Scandinavia and Russia. This makes it a very attractive country for foreign investors, particularly when establishing a branch in order to increase company exposure and global presence. Branches are legally regulated by The Civil Code of the Republic of Lithuania.
What are the formalities regarding Lithuanian branches?
- A copy of the parent company’s Certificate of Incorporation
- A copy of Memorandum & Articles of Association of the parent company
- A copy of the parent company’s Certificate of Good Standing
- A Lithuanian representative of the branch
- Resolution from the parent company detailing its decision to set up the branch
The documents above are required by the Register of Legal Persons section of the State Enterprise Centre of Registers, in order for branch registration.
All documentation must be notarised, apostilled and translated into Lithuanian by a certified translator.
What are the accounting requirements for a Lithuanian Branch?
The branch must register with the Tax Office for taxation purposes. Forms required in order to obtain a VAT number differ depending on whether the parent company is an EU or non EU national.
VAT returns should be filed monthly and tax returns annually.
The accounts of the branch should be kept in accordance with the requirements of the parent company, if an EU national. If the parent company is not an EU national other regulations apply.
Further information on accountancy and tax rates in Lithuania can be found by visiting our partners Accountancy In Europe.
What office facilities are available when registering a branch?
The following types of office are available in Lithuania:
- Registered offices, providing an address for branch correspondence
- Virtual offices, providing telephone, fax and mail forwarding services off-site
- Serviced offices, providing all the essential business facilities ready for immediate occupation
Branch formation packages
Services such as branch and VAT registration are included in our branch formation packages which are designed to organise the entire formation process for you. Our expert team has a wealth of experience in European formation requirements so you can relax while we take care of everything.
Establishing multiple branches can further extend the advantages of registering a branch, such as client security and new business from the local market. Just as with single branches, we can use our experience and expertise to guide you through the formation process of setting up multiple branches, holding your hand every step of the way.
For further information please send an enquiry or contact us using the form below.