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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…
Christmas Bonuses in Lithuania: Tax, Payroll and Accounting Implications
Christmas bonuses in Lithuania can be either performance-based or provided as a gesture of goodwill during the festive season. While a 13th month bonus is…
From Finland to the Baltics: The Story of Leinonen Transformation and Growth
In today’s fast-paced and complex business environment, companies need more than just service providers—they need true partners. For over three decades, Leinonen Group has been…
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.…