Taras Miroshnychenko

Head of International Corporate Law and Fintech Practice

Phone numbers
+38 (073) 007-44-36

Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.

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Case: Registering an IT company in Lithuania

International corporate law
Reading time: 1 min.

Service: Company Registration in Lithuania

Client’s Situation

Our client, a Ukrainian business owner specializing in software development and outsourcing services, approached us with the goal of establishing a legal structure in the EU that would:

  • allow official cooperation with European clients;
  • provide access to accounts in European banks/financial institutions;
  • optimize tax burden and ensure a transparent structure for future investments.

Why Lithuania?

After comparing registration conditions in Lithuania, Poland, and Estonia, the client chose Lithuania for several reasons:

  • fast registration procedure (10–15 business days);
  • minimum share capital starting from €2,500 (can be contributed in parts);
  • possibility of remote registration via power of attorney;
  • clear tax system: corporate income tax is 15%, and small companies with annual turnover up to €300,000 benefit from a reduced 5% rate.

Our Actions

Our team prepared the Articles of Association, the Incorporation Act, and filed the application with the Lithuanian Register of Legal Entities. A virtual office in Vilnius, compliant with local legal requirements, was also arranged for the client.

We further assisted with opening an account in a Lithuanian fintech bank for fast international payments. The client was registered in the VAT system since their activity involves providing services across Europe.

Result

Within just two weeks of cooperation, the client received a fully registered company (UAB — equivalent of LLC) in Lithuania. This allowed them to:

  • seamlessly sign contracts with German and Scandinavian clients;
  • benefit from the preferential tax regime;
  • have a legal tool for scaling their business in the European market.

Choosing the right jurisdiction is not just a formality but a strategic step that impacts tax burden, ease of opening bank accounts, and investment prospects. We help Ukrainian companies evaluate all available options and choose the country where the structure will be most beneficial and transparent.

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1 question

Do you need help choosing a European jurisdiction?

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No
2 question

Do you need to register a company in Lithuania?

Yes
No
3 question

Do you need to open a bank account in the EU?

Yes
No
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