News
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 REGISTRATION IN LITHUANIA Although the procedure to establish a business in Lithuania is quite straightforward, the help of experienced lawyers and specialists is needed.…
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…
Dividend 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…
VAT in Lithuania – Common Mistakes 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…
Embracing the Digital Shift
A Comprehensive Guide to e-Invoicing in Lithuania. In response to a global shift towards digitization, Lithuania has embraced eInvoicing with open arms, revolutionizing the landscape…