Baltic region in Northern Europe; borders Latvia and Poland

Location

Bahamian Dollar (BSD), pegged to the US Dollar

Currency

Legal System

UAB (Private Limited Company), AB (Public Limited Company)

Corporate Structures

Tax System

  • Corporate tax rate is set at a flat rate of 15%; small businesses may qualify for reduced rates as low as 5%

Legal Framework

  • Based on Civil Law; governed by the Law on Companies of Lithuania
  • UAB (Private Limited Company) is the most common structure requiring a minimum share capital of €2,500

Advantages

  • Access to European markets through EU membership
  • Favorable tax regime for startups and SMEs

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