News
Tightening the recruitment of foreigners and additional requirements for employers
Amendments of the Law on the Legal Status of Foreigners of the Republic of Lithuania (“the Law“) entered into force on 1 July 2024. The…
Employee motivation: how to find a balance between the capabilities of the company and effective benefits
For company managers, employee motivation must be considered in several aspects, including the selection of effective incentives and accurately calculating the budget allocated to them.…
Cancellation of Legal Entities’ Liquidation Procedures: Now Without Court Intervention
In recent years, the Lithuanian Register of Legal Entities (hereinafter – the Register Center) intensified its monitoring of companies that are not conducting business or…
BUSINESS IN LITHUANIA
COMPANY ESTABLISHMENT Although the procedure to establish a business in Lithuania is quite straightforward, the help of experienced lawyers and specialists is needed. Throughout the…
Labor relations vs individual activity: what you need to know
Labor relations under a concluded employment contract are regulated by the Labor Code of the Republic of Lithuania. The employment contract – the agreement between…
How to correctly calculate annual leave in Lithuania?
In Lithuania, during annual leave, employees are paid the average salary also known as holiday pay. The calculations of these holiday pays are regulated by…
Navigating Leadership in the Baltics: Povilas Sadaunykas’ Journey
Povilas Sadaunykas has been at Leinonen for a little over a year but has already made his mark. In this interview, we discussed his dynamic…
Public Holidays in Lithuania
Sitting at number 11 of almost 200 countries included in the World Bank’s ‘Ease of Doing Business’ ranking in 2020, Lithuania has climbed an impressive…
Dividends allocation, payment and taxation in Lithuania
Dividends are considered as a part of the profit allocated to the shareholder in proportion to the nominal value of the shares owned by such…