Establishing a limited company (Uzdaroji Akcine Bendrove or UAB) in Lithuania is convenient and seamless by leveraging 1Office’s representative, who can efficiently act on your behalf during notary procedures.
This option is ideal for both individuals and legal entities, providing a hassle-free alternative to managing the intricacies of document completion across various offices.
Included in the service:
Run your business by entrusting your company’s accounting with 1Office’s experienced accountants who know how to align with your business goals and industry.
Our comprehensive service ranges from vital accounting functions, including cashbook completion, registration of petty cash vouchers, purchase and sale invoices management, and verification.
Additionally, we ensure the preparation of social insurance reports and the delivery of declarations and reports to key entities such as the State Tax Inspectorate, Social Insurance Fund Board, Department of Statistics, and State Enterprise “Centre of Registers.”
Our accounting service starts with a one-time setup fee of 69€ which includes:
Getting a VAT number in Lithuania as a company owned by non-residents is a complex process. In order to apply for VAT number your company must have an accountant registered with the State Tax Inspection, who has the right to submit documents to the Tax Inspection.
Included in the service:
Priit Vaher
Jussipekka Leiwo
Tõnis Jõgeva
Client representative in Finland, Sweden and Lithuanian markets
+370 521 401 48
tonis.jogeva@1office.co
“As a client representative in the Finnish, Swedish and Lithuanian markets, I have witnessed exceptional results that our clients have achieved. Our expertise in understanding the complexities of local regulations and providing tailored financial solutions has enabled businesses to thrive and make informed decisions, ensuring their long-term success in these markets.”
Mailika Hindrikson Muru
Market Manager in Scandinavia and Baltics
“At 1Office, we’ve helped lots of businesses in Finland, Sweden, and Lithuania. We’re all about paying close attention to details and helping companies in these places get clear on their finances. It’s like giving them the tools to grow in a way that lasts.”
Regardless of whether you need a full stack accounting service for your business or are starting out and are unsure which services should you start with, our experts with international experience are here to help you get started.
So don’t hesitate any longer—send us an email or book a free consultation, and let’s work together to transform your ideas into a reality.
Accounting for startups requires a flexible approach that accommodates rapid changes, uncertain revenue streams, and evolving business models. Custom accounting solutions for startups encompass specialized tools and methodologies to address these dynamics effectively. This includes implementing scalable accounting systems that can accommodate growth, providing real-time financial insights for informed decision-making, and establishing robust budgeting and forecasting processes to manage cash burn and runway.
An IT company, with its dynamic and rapidly evolving nature, requires a strong accounting partner to navigate the intricate financial landscape and achieve long-term success. 1Office as an accounting partner brings invaluable expertise in managing financial records, tax compliance, and financial planning.
Construction companies require special attention when it comes to accounting due to the unique complexities inherent in their operations, particularly in subcontracting and managing payrolls. A robust accounting system tailored to the construction industry can efficiently handle subcontractor management, track costs, and accurately allocate expenses to different projects.
Wholesale and retail companies necessitate custom solutions in accounting due to the nature of their business, where profit margins are often tight. These industries typically operate on high volumes and low margins, making it essential to closely monitor and control costs, optimize pricing strategies, and effectively manage inventory. A tailored accounting approach can provide the necessary tools and techniques to address the specific challenges faced by wholesale and retail companies.
The biotech and healthcare industry requires custom solutions in accounting due to the unique intricacies and regulatory requirements inherent in these sectors. Companies operating in biotech and healthcare face complex financial challenges, including research and development costs, clinical trials, intellectual property management, and regulatory compliance.
The logistics sector demands custom solutions in accounting due to its intricate and multifaceted nature. Logistics companies face unique financial challenges, such as managing complex supply chains, optimizing transportation costs, and monitoring inventory levels. The sector’s success heavily relies on effective cost control, efficient resource allocation, and accurate tracking of key performance indicators.
Office email: lithuania@1office.co
Phone: +370 521 401 48
Address: T. Narbuto 5, Vilnius, Lithuania, LT-08103
Opening times: Mon-Fri 9.00-17.00, local time
1Office Lithuania UAB
Company No | 304628660
VAT No | LT100011293218
IBAN | LT357300010152948541
SWIFT/BIC | HABALT22
Registering for taxes in Lithuania is essential if you engage in economic activities or run a business in the country. Here are some reasons why tax registration in Lithuania is necessary:
In summary, tax registration in Lithuania is not just a legal requirement; it’s a fundamental step to ensure compliance with tax regulations, avoid penalties, access benefits, and facilitate the smooth operation of your business in the country.
In Lithuania, it is a legal necessity for companies seeking to operate legitimately to possess a local legal address. This legal address is officially recorded on the Central Commercial Register and is accessible to the public. All official correspondence of the company will be directed to this address, and its visibility on the register is mandatory throughout the company’s registration period. For non-residents who have established a company in Lithuania but lack a physical office, opting for an address service proves to be the optimal solution.
Yes, almost any kind. We offer our services to startups, freelancers and contractors (software developers, IT experts, business consultants, marketing & sales specialists, designers, translators etc), companies working in wholesale, transport, IT, healtcare, construction, consulting, e-commerce etc. Unfortunately we can’t serve clients who deal with cryptocurrency.
Every person’s and company’s tax obligations are different and depend on several circumstances. To find out which tax obligations or tax risks you specifically have, please contact us to book a personal tax consultation.
Submitting annual report is required for all companies registered in Lithuania even if there is no activity during the financial year. When the annual report is not submitted, penalties may apply.
