Magrat: Your Business Partner in Lithuania
Choose you plan now to get started and watch your business flourish in Lithuania!
Include VAT (22%) | Innovative LT € 750 remotely for e-residents | Classic LT € 1500 remotely via notary |
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Remote company formation | via e-Residency card | via Power of Attorney |
E-residency assistance (Pick-up Locations) | ||
State fee for company formation | ||
Contribution to share capital (assistance) | ||
Lithuanian business banking account (consulting) | ||
Assigned personal client manager | ||
Legal address | included for 1 year* | included for 1 year* |
Once ready, original documents need to be sent to us by courier or mail. |
Once ready, original documents need to be sent to us by courier or mail. | |
Based on our experience and assuming you will provide information and documents in timely manner and participate in online meetings,the company can be registered within 10-12 business days: If you do not have a Lithuanian e-Residency we can help you obtain it. The process will take up to one week and requires at least one visit to Lithuania. Alternatively, Estonian e-Residency can be obtained without the need for personal visit to Estonia. | Based on our experience and assuming you will provide information and documents in a timely manner and participate in online meetings,the company can be registered within 15 business days. | |
*Extension after 1 year 250 Eur/ Year. Mailing of documents to client is paid separately. | *Extension after 1 year 250 Eur/ Year. Mailing of documents to client is paid separately. | |
Include VAT (22%) | Lite LT € 100 /month € 1200 /year | Lite LT+ € 180 /month € 2160 /year | Basic LT € 300 /month € 3600 /year | Standard LT € 600 /month € 7200 /year | Pro LT € 900 /month € 10800 /year |
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Invoicing solution | |||||
Preparation and filing of annual report in Lithuanian | |||||
English version of annual Report | |||||
Management Activity report (assistance) | |||||
Shareholder resolution to approve annual report | |||||
Assigned Manager | |||||
Initial accounting setup | |||||
Internal accounting rules | |||||
VAT / IOSS / OSS / EORI application and support | |||||
Tax returns (monthly filing) | |||||
Monthly processing of primary accounting documents | up to 10 transactions | ||||
Payroll | |||||
Preparation of quarterly financial statements | |||||
E-commerce transactions handling | |||||
Cryptocurrency transactions handling | |||||
Monthly meeting | |||||
Reporting according to IFRS | |||||
Consolidated reporting | |||||
Approximate time spent per year (hours) | up to 15 | 15-30 | 30-50 | 50-100 | over 100 |
Senior staff involvement | 10% | 15% | 20% | 30% | 40% |
We expect to receive all bank statements, invoices, and other primary documents from you within the first month following the year-end. | We require all bank statements, invoices, and other primary documents to be submitted by the 5th day of the month following the reporting period. | By the 5th of the month following the reporting month, we expect to receive all bank statements, invoices, and other primary documents from you. | By the 5th of the month following the reporting month, we expect to receive all bank statements, screenshots of cryptocurrency wallet balances, invoices, and other primary documents from you. | By the 5th of the month following the reporting month, we expect to receive all bank statements, invoices, and other primary documents from you. We tailor the principles of interaction individually for each Pro package client. | |
Feedback to your requests will be provided no later than the next business day after receipt of the request. The annual report will be submitted within six months of the fiscal year’s end. | Feedback to your requests will be provided no later than the next business day after receipt of the request. Monthly tax returns must be submitted by the 25th of the month following the reporting month. The annual report will be submitted within six months of the fiscal year’s end. | Feedback to your requests will be provided no later than the next business day after receipt of the request. Monthly tax returns must be submitted by the 25th of the month following the reporting month. Employees’ wages and national social security contributions report must be submitted by the 15th of the following month. The annual report will be submitted within six months of the fiscal year’s end. | Feedback to your requests will be provided no later than the next business day after receipt of the request. Monthly tax returns must be submitted by the 25th of the month following the reporting month. Employees’ wages and national social security contributions report must be submitted by the 15th of the following month. The annual report will be submitted within six months of the fiscal year’s end. | Feedback to your requests will be provided no later than the next business day after receipt of the request. Monthly tax returns must be submitted by the 25th of the month following the reporting month. Employees’ wages and national social security contributions report must be submitted by the 15th of the following month. The annual report will be submitted within six months of the fiscal year’s end. | |