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Lithuania Business, Taxation and Offshore Information

Lithuania is the largest of the Baltic states, with an area of 65,200 sq km and 99 km of coastline on the Baltic Sea between Latvia to the north and Russia's Kaliningrad outpost to the south. The population is about 3.5m and is mostly of Lithuanian descent. Lithuanian is the official language, and 80% of the population are Roman Catholics.

The President is elected for a five-year term and appoints the ministerial team. Dalia Grybauskaite has been the President since May 2009.

Like most of the ex-USSR countries, Lithuania has had to cope with privatisation of most of its economy. The country joined the WTO at the same time as joining the EU in 2004. More than 60% of the economy is composed of services, with the remainder being industrial. GDP per head was USD15,500 (2009). Growth was -15% in 2009 (est), 2.8% in 2008 and 9.7% in 2007. The currency is the Litas (LTL), but the country is expected to adopt the Euro in or after 2013. More »

 

Lithuania Knowledge Base

Lithuania: Country and Foreign Investment
A quick overview of Lithuania - its history, geography, and business advantages.
Lithuania Executive Summary »
Lithuania Geography »
Lithuania History, Population, Language and Culture »
Lithuania Government »
Lithuania Economy and Currency »
Lithuania Entry and Residence »
Lithuania Business Environment »
Lithuania Investment Incentives »

Lithuania: Types Of Company
A look at various types of company in Lithuania, providing options to suit different business needs.
Lithuania Company Introduction »
Lithuania Private Limited Liability Company »
Lithuania Public Limited Liability Company »
Lithuania Partnership »
Lithuania Branches and Representative Offices »

Lithuania: Tax-Efficient Sectors
These pages examine tax-efficient sectors in Lithuania, in order to identify which business forms have available tax incentives.
Lithuania Tax-Efficient Business Forms »
Lithuania Tax-Privileged Business Sectors »

Lithuania: Law of Offshore
A hub for information about the main laws and statutes affecting offshore and non-resident businesses in Lithuania.
Lithuania Table of Statutes »
Lithuania Law on Free Zones »

Lithuania: Domestic Corporate Taxation
A guide detailing the scope and rate of taxes affecting companies in Lithuania.
Lithuania Scope of Income Tax »
Lithuania Income Tax Rates »
Lithuania Calculation of Taxable Base »
Lithuania Filing Requirements, Payment of Tax »
Lithuania Withholding Taxes »
Lithuania Sales Taxes and Vat »

Lithuania: Personal Taxation
An overview of applicable taxes for individuals in Lithuania.
Lithuania Residence and Liability for Taxation »
Lithuania Rates of Income Tax »
Lithuania Social Security Taxes »
Lithuania Property Taxes »
Lithuania Inheritance and Gift Taxes »

Lithuania: Double Tax Treaties
Treaties and international agreements that Lithuania has in place, to mitigate the effects of double taxation.
Lithuania Tax Treaty Introduction »
Lithuania Treaty Agreements »
Lithuania Other International Agreements »

Lithuania: Related Information
Other useful information pertinent to Lithuania.
Map of Lithuania »