Lithuania is one of the fastest-growing business destinations in the European Union, offering international entrepreneurs an affordable and reliable gateway into the European market. With its strategic location, EU membership, stable economy, and modern infrastructure, Lithuania has become a popular choice for non-EU nationals who want to both start a company and obtain a Temporary Residence Permit (TRP).
At ZattWorldSolutions, we specialize in helping clients establish fully registered companies in Lithuania and secure residency for themselves and their families. This article explains the New Company Formation route, its requirements, benefits, process, risks, and why it is one of the most effective ways to start your European business journey.
Why Lithuania for New Company Setup?
- Strategic EU Hub: Gateway to Northern, Central, and Eastern Europe with direct access to EU markets.
- Business-Friendly Policies: Transparent tax system, digital company registry, and government support for startups.
- Lower Cost Base: Compared to Western Europe, Lithuania offers lower wages, rental costs, and day-to-day business expenses.
- Residency Opportunity: By forming a company and running business operations, non-EU founders qualify for Lithuanian residency (TRP).
For entrepreneurs from Asia, the Middle East, or Africa, Lithuania provides a realistic, affordable, and secure entry point into Europe.
What is “New Company Formation”?
This option allows you to register a brand-new Private Limited Liability Company (UAB) in Lithuania. As the founder and shareholder, you own 100% of the company and can operate it in any legal business sector.
The UAB structure is the most common in Lithuania. It protects your personal assets since liability is limited to the company’s paid-up capital.
Benefits of New Company Formation
- 100% Ownership
- Full control of your business with no dependency on local partners.
- Residency for You & Family
- Company founders are eligible to apply for a Temporary Residence Permit, along with spouse and children under 18.
- Flexibility of Activities
- You can register multiple business activities (consultancy, IT, trade, etc.) under one company.
- European Market Access
- Operate across all Schengen states once residency is approved.
- Scalability
- Your Lithuanian company can later open branches in other EU countries.
Requirements for New Company Formation
To qualify for TRP through company formation, the following requirements apply:
- Paid-Up Capital: Minimum €14,000–€28,000, deposited into the company’s Lithuanian bank account.
- Active Business Plan: The company must show operational activity, such as turnover, contracts, or staff.
- Legal Documents: Valid passport, police clearance, notarized incorporation papers, and embassy visa support.
- Compliance: The company must follow Lithuanian accounting, tax, and labor regulations.
Step-by-Step Process with ZattWorldSolutions
We provide a complete, end-to-end service:
- Consultation – We review your business goals and residency requirements.
- Company Registration – We register your Lithuanian UAB with the Commercial Register.
- Bank Account Setup – We assist in opening your business bank account.
- Capital Injection – You deposit the required paid-up capital (€14,000–€28,000).
- Legal Documentation – Drafting and translation of up to 10 pages of company and visa documents.
- TRP Application – We submit your residency application with full compliance.
- Family TRP – We prepare applications for your spouse and dependent children.
Why Work with ZattWorldSolutions?
- Full Service: Company setup + TRP handled under one package.
- Legal Security: Clear documentation with ownership protection.
- Transparency: Fixed costs, no hidden fees.
- Experience: Serving clients from Bangladesh, India, Middle East, and Africa.
- Family-Friendly: Ensuring your spouse and children gain equal residency rights.
Risks and Mitigation
- Inactive Business Risk: Authorities may reject TRP if your company shows no real activity. → We prepare a tailored business plan to ensure compliance.
- Banking Challenges: Opening a bank account can be strict for foreigners. → We provide banking assistance and alternative solutions.
- Regulatory Delays: Immigration timelines can vary. → Our team tracks every step to avoid unnecessary delays.
Example Scenario
A consultant from South Asia invests €15,000 as paid-up capital to open a new Lithuanian UAB. Within a few weeks:
- The company is registered and active in the system.
- The bank account is opened with funds deposited.
- A TRP application is filed for the founder, spouse, and child.
Within months, the family legally resides in Lithuania with the right to operate a business, open EU branches, and expand into Europe.
Conclusion
Starting a new company in Lithuania is a powerful and legitimate route for non-EU entrepreneurs to access the European Union market while obtaining residency rights for the whole family.
At ZattWorldSolutions, we manage everything — from registration and capital deposit to TRP submission and embassy assistance. Our goal is simple: to make your entry into Europe smooth, transparent, and secure.
👉 Interested in setting up your Lithuanian company? Contact us today for a free consultation and detailed package information.
