For foreign founders · Companies
Accounting for foreign-owned companies in Lithuania
A foreign-owned Lithuanian company has the same obligations as any local one — but the founders often can't read the letters or the deadlines. Here's what compliance looks like and how we run it in clear English with contractual guarantees.
Updated: 2026-07-11
Your compliance obligations
- Full double-entry bookkeeping
- VAT registration once turnover exceeds 45 000 €/year (or voluntarily), plus monthly VAT returns and i.SAF
- Payroll and Sodra contributions if you employ or pay a director
- Corporate income tax (17 % / 7 % / 0 % for new small companies) and annual financial statements
Choosing UAB or MB
Most small foreign-owned businesses use a UAB (private limited company) or an MB (small partnership). Both have limited liability; the UAB needs share capital and a more formal structure, the MB does not. We advise on the right form and handle the accounting either way.
What you get with VERDIKT
- A named accountant who replies within 4 business hours — in the contract
- VMI/Sodra correspondence handled, with a plain-English monthly summary
- Fixed, all-inclusive monthly price — no hidden add-ons
- Document ownership guaranteed in the contract
Run your Lithuanian company with confidence
Book a free review — we'll tell you the real state of your books and what it costs, in English.
Book a free reviewFAQ
The same as any Lithuanian company: full bookkeeping, VAT (once over 45 000 €), payroll if you employ, corporate income tax and annual financial statements filed to the Registrų centras.
Both give limited liability. A UAB needs share capital and a more formal structure; an MB does not and is simpler. The best choice depends on investors, capital and growth plans.
Yes — accounting runs by email and a shared archive, with an English monthly summary and a booking slot whenever you want to talk to a person.
Related: Accounting in Lithuania (EN) · Accounting for e-residents · Taxes in Lithuania 2026