News
Termination of Employment Contracts Due to Redundant Job Functions: Key Requirements and Key Aspects
In business practice, situations often arise where employment relationships end not by mutual agreement but at the employer’s initiative. We frequently receive inquiries from clients…
Expanding your business in the Baltic States: what challenges lie ahead and how to overcome them
When companies look to expand into foreign markets, the Baltic States often become the first choice. Operating in neighboring countries presents numerous opportunities but also…
Key Criteria for Choosing an Accounting Program: Essential Solutions for Effective Financial Management
In today’s business environment, financial accounting and operations management are inseparable from the use of digital tools and advanced applications. Whether establishing a new company,…
PAYROLL IN LITHUANIA: KEY INSIGHTS INTO REGULATION AND TAXATION
Understanding the complexities of payroll laws is essential for employers and employees alike to ensure compliance and foster a productive work environment. This guide provides…
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…