ACCOUNTING SERVICES IN LITHUANIA

Lithuania To ensure proper record-keeping and gain insights into a company’s economic performance and financial standing, accounting stands as a crucial component in business operations. All foreign-owned companies and their subsidiaries in Lithuania are subject to Lithuanian accounting laws. To foster comparability and clarity in assessing the results of each company, it is imperative to adhere to government-established accounting standards.

Every registered company in Lithuania is required to maintain accounting records that adhere to the standards established by the State.

The service cost is influenced by factors such as the company’s tax number, the volume of processed primary documents, the number of employees, and the presence of credit and leasing contracts. It’s important to note that not all companies in Lithuania are obligated to register for turnover tax; this requirement depends on the company’s turnover and business activities.

To ensure timely submission, all documents must be sent to the accountant. Failure to comply with deadlines may result in fines imposed by the Tax and Customs Department of Lithuania.

Accounting Services in Lithuania

ESSENTIAL CRITERIA FOR ACCOUNTING ORGANIZATION

  • The Lithuanian Register mandates that each company creates and submits its annual report within five months of the financial year’s conclusion.
  • There is no designated month to initiate a financial year.
  • The company’s leadership is not permitted to personally manage accounting tasks.
  • Utilization of accounting programs is mandatory for recording all business transactions.
  • Thorough documentation of every business transaction is a requisite.
  • Presentation of a company’s financial position, performance, and cash flows should be done in a reliable, objective, and comparable manner.
  • Archiving documents related to accounting is obligatory for a minimum of ten years.

Regulated United Europe offers accounting services to both Lithuanian companies with and without VAT numbers. Leveraging our expertise across various business segments, we provide comprehensive services, including the registration of VAT numbers in Lithuania, issuance of EORI numbers, and preparation of annual reports for our clients.

Accounting service of Lithuanian companies without VAT number
from 150 EUR/month
Accounting service of Lithuanian companies with VAT number
from 250 EUR/month
Viktoriia

“As an experienced legal professional with a deep understanding of the nuances surrounding legal entities registration in Lithuania, I am committed to providing you with thorough and up-to-date insights to support your endeavours. My dedication extends to ensuring that you receive relevant and accessible information to navigate the regulatory framework and effectively progress with your projects in Lithuania.”

Viktoriia Korotkevich

LICENSING SERVICES MANAGER

email2[email protected]

RUE customer support team

Milana

Milana

“Hi, if you are looking to start your project, or you still have some concerns, you can definitely reach out to me for comprehensive assistance. Contact me and let’s start your business venture.”

Sheyla

“Hello, I’m Sheyla, ready to help with your business ventures in Europe and beyond. Whether in international markets or exploring opportunities abroad, I offer guidance and support. Feel free to contact me!”

Sheyla
Diana

Diana

“Hello, my name is Diana and I specialise in assisting clients in many questions. Contact me and I will be able to provide you efficient support in your request.”

Polina

“Hello, my name is Polina. I will be happy to provide you with the necessary information to launch your project in the chosen jurisdiction – contact me for more information!”

Polina

CONTACT US

At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.

Company in Lithuania UAB

Registration number: 304377400
Anno: 30.08.2016
Phone: +370 661 75988
Email: [email protected]
Address: Lvovo g. 25 – 702, 7th floor, Vilnius,
09320, Lithuania

Company in Poland Sp. z o.o

Registration number: 38421992700000
Anno: 28.08.2019
Phone: +48 50 633 5087
Email: [email protected]
Address: Twarda 18, 15th floor, Warsaw, 00-824, Poland

Company in Czech Republic s.r.o.

Registration number: 08620563
Anno: 21.10.2019
Phone: +420 775 524 175
Email:  [email protected]
Address: Na Perštýně 342/1, Staré Město, 110 00 Prague

Finwyn Consultancy LTD

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