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Business start up 

Steps to start a private limited liability company in Vilnius

Step Period in Days Charge in EUR
Open a bank account with the minimum capital and get a bank certificate proving the availability of the funds; pay the registration fee and obtain the document evidencing the payment 1 ~4.3
Notarize the agreement /memorandum of incorporation and bylaws; notarise the application for the registration of the private limited liability company 2 ~145
Register with  the Companies Register, including registration with the State Tax Inspectorate (the Lithuanian Revenue Authority) for corporate tax, VAT, and the State Social Insurance Fund Board (SODRA) 3 ~57
Complete VAT registration 10-15 no charge
Inform the State Labour Inspectorate of the establishment  of the company by letter or phone 1 no charge
Open a settlement bank account (to handle normal commercial transactions) 1 no charge
Obtain the official seal of the company 2 ~8.27-26