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Doing Business Guide in the Baltics.
23.04.2018
EMI licence fee
Prior to applying for an EMI licence it is necessary to pay into the account of the State Tax Inspectorate a state fee to...
17.04.2018
PI licence fee
Prior to applying for a payment institution licence in Lithuania, it is necessary to pay into the account of the State Tax Inspectorate (STI)...
13.04.2018
Documents and information to be submitted to the Bank of Lithuania
In order to be granted an electronic money...
10.04.2018
The authorization process of Electronic Money Institution (EMI) licence is conducted by the Bank of Lithuania. There is a specific procedure and a list of documents required to be submitted with an...
06.12.2017
From June 2017, when the new Public procurement law in Lithuania came into force, and there were newly established requirements for purchasing organisations in Lithuania.
Firstly, if purchasing am organisation in...
16.11.2017
The new Lithuanian Labor Code has fixed wide a range of employment agreements in Lithuania, which makes employment relations very convenient both for employers and employees. Below you can find the most...
08.06.2017
Option is defined as a financial derivative that represents a contract sold by one party (the option writer) to another party (the option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a...
12.01.2017
The program ‘Newcomer’ introduced by the Central Bank of Lithuania
The Central Bank of Lithuania has made a...
25.10.2016
Priority right to buy agricultural land in Lithuania
Priority right who are able to buy private agricultural land for the asking price is set in the following sequence:
Land plot co-owners;
User of on sale...
23.09.2016
To obtain work permit in Lithuania for EU citizensthere are no restrictions. However for Non-Nationals in Lithuania to get the employment permit there are certain procedures. Foreigners in Lithuania should first find an employer...
19.09.2016
Lithuanian rules on Permanent Establishment stipulate requirements on a company acting through agent/representative, construction sites or using natural resources. Contradictions...
08.09.2016
Reinstatement of citizenship in Lithuania
Recently Lithuanian government has enacted a new amendment to the Law on Citizenship of Lithuania. A new amendment eases path to reclaim citizenship in...
29.08.2016
Likelihood of confusion for trademarks in Lithuania is one of the main reasons for trademark disputes. This is due to the reason that new applications for registration are made without ensuring that no similar of identical...
15.07.2016
Nejběžnějsí formou společnosti vyskytující se v Lotyšsku je společnost sručením...
27.06.2016
Since the restoration of the independence in 1990 Lithuania has been firmly applying the principle of prohibition of double citizenship. There are, however, exeptions that allow eligible...
09.06.2016
A micro company (MB) is a legal form of business that was introduced in Lithuania in 2012.
MB is not required to have a minimum share capital, thus a micro company may be established with 1 EUR or any other tangible property...
04.03.2016
Following the Rules of Retail adopted by the Government of the Republic of Lithuania, the seller has the obligation to exchange the goods or return the money to the...
13.01.2016
Part 3
Register the transfer of title to the property in the Real Estate Register
According to the Lithuanian law, the registration of...
11.01.2016
Part 2
Request for clarification and revision of cadastral and registration data
For the execution of the sale-purchase agreement a notary...
08.01.2016
Part 1
This real estate guide gives an overview introduction to the key requirements when buying or selling real estate in Lithuania. This article is...