Business start up
Steps to start a private limited liability company in Vilnius
| Step | Period in Days | Charge |
|---|---|---|
|
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€ |
|
Obtain a confirmed electronic signature from the Center of Registrer of Certificates |
1 |
~145€ |
|
Check and reserve the name of the company (limited liability company) |
1 |
~15.8€ |
|
Register at the Company Register, including registration with State Tax Inspectorate (the Lithuanian Revenue Authority) for corporate tax, VAT, and State Social Insurance Fund Board (SODRA) |
1 |
57.3€ |
|
Complete VAT registration |
10-15 days | no charge |
|
Open a settlement bank account (to handle normal commercial transactions) |
1 | no charge |
|
Obtain the official seal of the company |
2 | ~8.7-26.1€ |
Source: Doing Business 2013
