Business Services by Industry

AT A GLANCE

We provide corporate, accounting, legal, and compliance services tailored to five key industries — startups, fintech, e-commerce, SaaS, and foreign investors.
Each industry page combines the specific services most relevant to that sector — accounting, legal, compliance, recruitment, and regulatory support.
Industry-specific knowledge matters: a fintech company has different compliance obligations, different accounting requirements, and different legal risks than a SaaS business or an e-commerce retailer.
All services are delivered in English by one team — eliminating the coordination gap between separate providers handling different parts of your business.
Select your industry below to see the exact services, obligations, and considerations that apply to your type of business in Lithuania.

The services required to run a Lithuanian company correctly depend heavily on what the company does. A fintech startup applying for an EMI licence needs AML compliance documentation, regulatory advisory, and fit-and-proper governance from day one. An e-commerce business needs EU VAT compliance and customs knowledge. A SaaS company needs GDPR and data protection frameworks. We organise our service offering by industry so you can see immediately what is relevant to your business — without filtering through services that do not apply.

Why Industry-Specific Services Matter

Lithuanian corporate law, accounting standards, and tax rules apply to all companies equally. But the practical obligations a company faces — the licences it needs, the compliance frameworks it must implement, the contracts it must have in place, and the regulatory bodies it must answer to — vary significantly by sector.

A foreign investor registering a holding company to receive dividends from an existing business needs a clean structure, a competent accountant, and clear transfer pricing documentation. A fintech founder applying for an EMI licence needs all of that plus an AML policy, a compliance officer, a capital adequacy plan, and a Bank of Lithuania that is satisfied with the governance structure before the licence is granted. The underlying company registration is the same. Everything that follows it is not.

We have structured our industry pages to reflect this reality. Each page maps the services most relevant to that sector, explains the specific regulatory context, and describes what a company in that industry typically needs at each stage of its lifecycle in Lithuania — from first registration through to ongoing operations and, where applicable, regulatory authorisation.

Choose Your Industry

Select the industry that best describes your business. Each page provides a complete picture of the services, compliance obligations, and practical considerations specific to that sector in Lithuania.

Startups · Company registration, accounting, and legal foundations — built right from the start

Early-stage companies have a narrow window to establish the right legal and financial structure before the complexity of growth makes it harder and more expensive to fix. A Lithuanian startup that registers with the wrong articles of association, skips VAT registration, or uses informal contractor arrangements faces avoidable problems within the first 12 months. We handle the full setup — registration, accounting, employment contracts, and legal structure — so founders can focus on building rather than on Lithuanian administrative law.

Services on this page:

Accounting for start-ups — bookkeeping, VAT, payroll from day one
Legal services for start-ups — contracts, IP protection, shareholder agreements
Startup legal structuring — entity choice, founder agreements, vesting schedules

Fintech · Licensing, compliance, and regulatory advisory for payment and financial services companies

Lithuania is one of the most accessible EU jurisdictions for fintech licensing. The Bank of Lithuania has issued more EMI and payment institution licences than most other EU regulators, and the regulatory framework for MiCA-compliant crypto businesses is established and functioning. But accessible does not mean simple. Licence applications require extensive documentation, demonstrated capital adequacy, robust AML/KYC frameworks, and governance structures that satisfy fit-and-proper criteria. We support fintech companies from initial structure through to licence approval and ongoing regulatory compliance.

Services on this page:

Accounting services for fintech — specialist bookkeeping for licensed entities
Legal services for fintech — regulatory contracts, terms of service, licence conditions
Compliance services for fintech — AML/KYC policy, internal controls, MLRO support
Recruitment services for fintech — compliance officers, AML analysts, tech staff
Outsourcing services for fintech — CFO, compliance, and legal on a retainer basis
Regulatory advisory — EMI, PI, MiCA licence strategy and Bank of Lithuania liaison
Compliance documentation drafting — AML policy, risk assessments, procedure manuals

E-commerce · VAT compliance, legal framework, and cross-border trade support for online retailers

E-commerce businesses selling to EU consumers face a complex VAT landscape that has changed significantly since the introduction of the EU One Stop Shop (OSS) scheme in 2021. A Lithuanian entity selling cross-border across the EU needs the right VAT registration strategy from the outset — including whether OSS registration is appropriate, when individual country registrations are required, and how to handle import VAT for goods entering the EU from non-EU suppliers. Beyond VAT, e-commerce companies need correctly drafted terms and conditions, returns policies, consumer protection compliance, and payment gateway arrangements that satisfy both Lithuanian and EU law.

Services on this page:

Accounting services for e-commerce — OSS VAT reporting, multi-currency bookkeeping
Legal services for e-commerce — terms and conditions, returns policy, GDPR compliance
Customs & import/export compliance — import VAT, customs classification, IOSS registration
Payment gateway compliance advisory — PSP agreements, chargeback procedures, PCI-DSS

SaaS · Data protection, legal documentation, and IP structuring for software companies

Software-as-a-service businesses operating from Lithuania face a specific set of legal and compliance obligations that do not apply to other sectors. GDPR governs how they process personal data of EU users — and non-compliance carries fines of up to 4% of global annual revenue under EU enforcement. SaaS contracts with business clients need carefully drafted data processing agreements that correctly allocate liability. Terms of service need to be compliant with both Lithuanian consumer protection law and EU digital services regulations. For SaaS companies that hold intellectual property — software code, algorithms, databases — Lithuania offers a favourable IP box regime that we can help structure correctly.

Services on this page:

Accounting services for SaaS — subscription revenue recognition, deferred income treatment
Legal services for SaaS — SaaS agreements, DPAs, acceptable use policies
Outsourcing services for SaaS — virtual CFO, legal retainer, compliance advisory
Data protection & GDPR compliance — privacy policies, DPAs, data breach procedures
Terms of service & privacy policy drafting — EU-compliant, enforceable documentation

Foreign Investors · EU market entry, holding structures, and ongoing corporate support for international investors

Foreign investors entering the Lithuanian and EU market through a Lithuanian entity need more than a registered company. They need a structure that works — for tax efficiency, for regulatory compliance, for banking, and for the specific commercial activities they plan to run. A holding company receiving dividends from an operating subsidiary has different needs from an investor establishing a Lithuanian operating company from scratch. We advise on the right structure at the outset and provide the accounting, legal, and corporate services to maintain it correctly.

Services on this page:

Accounting services for foreign investors — group accounting, transfer pricing, dividend reporting
Legal services for foreign investors — investment agreements, corporate governance, M&A support
Immigration services for foreign entrepreneurs — work permits, residence permits, EU Blue Card

Services by Industry — Overview

The table below shows which services are most commonly required by each industry type. This is a general guide — the exact scope for your company depends on your specific activities, structure, and regulatory status. Each industry page provides a more detailed breakdown.

Service	Startups	Fintech	E-commerce	SaaS	Foreign Investors
Accounting & bookkeeping	✓	✓	✓	✓	✓
Payroll & HR administration	✓	✓	✓	✓	—
VAT registration & returns	✓	✓	✓	✓	✓
EU OSS / IOSS VAT reporting	—	—	✓	✓	—
Corporate income tax filing	✓	✓	✓	✓	✓
Transfer pricing documentation	—	✓	—	—	✓
Employment contracts & Labour Code	✓	✓	✓	✓	—
Shareholder & founder agreements	✓	✓	—	✓	✓
AML / KYC policy & compliance	—	✓	—	—	—
Regulatory licence advisory	—	✓	—	—	—
GDPR & data protection	✓	✓	✓	✓	—
Terms of service & privacy policy	—	✓	✓	✓	—
Customs & import/export compliance	—	—	✓	—	—
Payment gateway compliance	—	✓	✓	—	—
IP structuring & protection	—	—	—	✓	✓
Immigration & work permits	✓	✓	—	✓	✓
Recruitment support	✓	✓	—	✓	—
Compliance documentation drafting	—	✓	—	—	—

Why Lithuania for Your Industry

The choice of EU jurisdiction matters — particularly for fintech, e-commerce, and SaaS businesses where the regulatory framework, banking infrastructure, and tax treatment of specific activities create meaningful differences between member states. Lithuania’s advantages are sector-specific as well as general.

For fintech and payment companies

Lithuania has issued more EMI licences than any other EU member state, with the Bank of Lithuania operating one of the most accessible and well-resourced regulatory frameworks for payment companies in the EU. Licence processing times are faster than in most comparable jurisdictions. The regulatory environment is open to innovation while maintaining the compliance standards required for EU-wide passporting. For companies seeking an EMI or payment institution licence that allows them to operate across the EU under a single authorisation, Lithuania is the most practical entry point.

For crypto and blockchain businesses

Lithuania was one of the first EU member states to implement a VASP registration framework ahead of the EU-wide MiCA regulation. MiCA — which took full effect in December 2024 — requires crypto-asset service providers operating in the EU to be licensed by a national competent authority. The Bank of Lithuania and the Financial Crime Investigation Service (FNTT) oversee crypto regulation in Lithuania. Companies that registered as Lithuanian VASPs before MiCA now have a transitional pathway to full MiCA authorisation. We advise on both the registration and the full MiCA licence application process.

For e-commerce businesses

Lithuania’s position within the EU single market means a Lithuanian e-commerce company can sell to consumers across all 27 member states without additional registrations for standard B2C digital transactions covered by OSS. The Lithuanian VAT rate of 21% is mid-range by EU standards. Lithuania has a developed logistics infrastructure with strong connectivity to both Eastern and Western European markets, making it a practical base for e-commerce operations serving the broader EU and CIS regions.

For SaaS and technology companies

Lithuania has a growing technology talent pool — particularly in Vilnius and Kaunas — with competitive salaries relative to Western European markets. For SaaS companies that need Lithuanian-based engineers, product managers, or data specialists, the employment market is accessible and the Labour Code framework is manageable with the right legal support. Lithuania’s IP box regime allows qualifying intellectual property income to be taxed at a reduced effective rate, which we structure correctly for SaaS companies holding their IP through a Lithuanian entity.

For foreign investors and holding structures

Lithuania’s participation dividend exemption — which allows dividends received by a Lithuanian holding company from qualifying subsidiaries to be exempt from Lithuanian corporate income tax under certain conditions — makes Lithuania a viable holding jurisdiction for multi-entity EU structures. Combined with the 55+ double taxation treaty network and the country’s membership in the EU and OECD, a Lithuanian holding company can be an efficient intermediate between a non-EU parent and EU operating subsidiaries. We advise on holding structure design as part of our tax law service.

Frequently Asked Questions

In most cases, a standard UAB (private limited company) is the correct entity regardless of industry. The differences between industries show up in what licences the company holds, what compliance frameworks it must implement, and what contractual and regulatory obligations apply — not in the entity type itself. The exception is regulated financial services, where the Bank of Lithuania may have specific requirements about the company’s governance structure, capitalisation, and articles of association that must be reflected from incorporation.

Yes. A Lithuanian UAB can carry out multiple business activities simultaneously, provided they are listed in the company’s articles of association and, where required, licensed appropriately. There is no requirement to register separate entities for separate revenue streams. However, where one activity is regulated (e.g., payment processing) and another is not, it is worth considering whether a single-entity structure creates regulatory risk for the unregulated activities, or whether separation is cleaner. We advise on this as part of our initial structure consultation.

For licensed entities — EMI, payment institution, and MiCA-licensed companies — the Bank of Lithuania requires the designation of a Money Laundering Reporting Officer (MLRO) and, in most cases, a compliance officer. These roles can be held by the same individual for smaller licensed entities. The MLRO/compliance officer does not need to be a Lithuanian resident, but must be accessible, qualified, and demonstrably capable of performing the role. We provide outsourced compliance officer and MLRO services for licensed Lithuanian entities.

A Lithuanian SaaS company that processes personal data of EU users is subject to GDPR in full — regardless of where the users are located or where the company’s servers are hosted. This requires a privacy policy, a record of processing activities, data processing agreements with third-party processors, a data breach notification procedure, and — in certain cases — a Data Protection Officer (DPO). For SaaS companies that sell to business clients (B2B), the terms of service must include a compliant data processing agreement (DPA). We prepare the full GDPR documentation package.

The OSS scheme allows EU-based businesses selling digital goods, services, or physical goods to EU consumers in multiple member states to report and pay VAT through a single member state registration — rather than registering for VAT in each country separately. For Lithuanian e-commerce businesses selling to consumers in other EU countries, OSS registration in Lithuania allows all cross-border B2C VAT to be reported and paid through VMI (Lithuania’s tax authority) in a single quarterly return. OSS is generally recommended for e-commerce businesses with cross-border EU sales above the €10,000 threshold.

Yes. There are no restrictions on foreign ownership of Lithuanian companies. A foreign individual or foreign company can own 100% of a Lithuanian UAB. The sole shareholder can also be the sole director. There are no requirements for Lithuanian co-owners, local partners, or minimum local shareholding in any sector for standard commercial activities. For regulated sectors such as banking, specific capital adequacy and fit-and-proper requirements apply to shareholders above certain ownership thresholds, but these are regulatory requirements rather than ownership restrictions.

Not sure which industry page applies to you?

Contact us directly. We will ask you three questions — what your company does, who your clients are, and what your plans are for the Lithuanian entity — and tell you exactly which services apply and what the setup will involve. We respond within 24 business hours.

Business Services by Industry

AT A GLANCE

Why Industry-Specific Services Matter

Choose Your Industry

Services by Industry — Overview

Why Lithuania for Your Industry

For fintech and payment companies

For crypto and blockchain businesses

For e-commerce businesses

For SaaS and technology companies

For foreign investors and holding structures

Frequently Asked Questions

CUSTOMER SUPPORT

Viktoriia

CONTACT US