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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…
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…
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…
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…
Payroll, Tax, and Employing Foreign Nationals in Lithuania
With a diverse range of opportunities in work and education, an outstanding healthcare system, and a low cost of living compared to the rest of…
Common VAT Mistakes in Lithuania and How to Avoid Them
Value added tax (VAT) – is a tax applied to goods and services in all EU countries. All countries set the rates of this tax…
Liquidation or dormancy of the legal entity?
In the constantly changing business world, it is sometimes needed not only to expand business activities, but also to suspend them or even to liquidate…