Fees and timelines in 2023
Fees
Lithuania LLC setup costs in Year 1 will amount to €4,275. The average fee per engagement amounts to €11,025 including: i) Lithuania company incorporation ii) corporate bank account setup iii) legal registered office and iv) all government registration fees.
| Different Lithuania entity types | Cost | Draft invoice |
|---|---|---|
| Tax resident LLC | €11,025 | View invoice PDF |
| PLC | €11,950 | View invoice PDF |
| Branch of a foreign company | €11,600 | View invoice PDF |
| Representative Office | €11,100 | View invoice PDF |
| Lithuania readymade company | €12,485 | View invoice PDF |
| Bitcoin LLC | €13,925 | View invoice PDF |
| Lithuania shell VASP crypto wallet provider | €44,470 | View invoice PDF |
| Lithuania LLC crypto wallet provider | €35,695 | View invoice PDF |
| Lithuania Annual Renewal | €8,202 | View invoice PDF |
Timelines
The average Lithuania limited liability company registration period is 11 weeks as outlined below:
| Service | LLC | PLC | Branch | Rep. office | Lithuania readymade company |
|---|---|---|---|---|---|
| Engagement Planning | 1 week | 2 weeks | 3 weeks | 3 weeks | 2 weeks |
| Company Incorporation | 2 weeks | 4 weeks | 5 weeks | 6 weeks | 3 weeks |
| Corporate bank account approval | 4 weeks | 3 weeks | 4 weeks | 4 weeks | 4 weeks |
| Internet banking approval | 3 weeks | 1 week | 1 week | 1 week | 3 weeks |
| Engagement completion | 1 week | 1 week | 1 week | 1 week | 1 week |
| Total engagement period | 11 weeks | 11 weeks | 14 weeks | 15 weeks | 13 weeks |
