Businesses for sale in Lithuania

Why Lithuania for business?

Following are various reasons why establishing a business in Lithuania or buying a running business for sale in Lithuania is a wise decision:

• Since Lithuania is a member of the EU, businesses can reach out to about 500 million clients. As the EU encourages business between its members, Lithuanian companies can trade with other EU members without having to pay taxes.
• EU funds, such as the European Regional Development Fund, which provides funding for initiatives that support business expansion, are available for member states. When the rules are the same in all EU member states, it may be easy for businesses to do business there. This makes it easier for Lithuanian businesses to trade and travel across borders and reduces the number of rules they have to follow.
• Its literacy rate is nearly 100%, and it has an extraordinarily well-educated and skilled labor force. As a member of the European Union, Lithuania has access to various EU financing initiatives that may benefit its enterprises. This might be especially beneficial for rising small and medium-sized firms (SMEs).
• The GDP per capita rank of the country is 39th in 2023.

 

Why does buying a Running Business for sale in Lithuania give you an edge over other businesses or starting a new business?

 

Some of the important things to keep in mind before acquiring a business are that you should review its track record, investigate its finances, and communicate with its proprietors. When purchasing a fully functioning business for sale in Lithuania, you get the whole shebang.

Buying a running business for sale in Lithuania gives you an upper hand or a trump card over other businesses, such as:

1. You will assume control of an established business with steady revenue
2. and financial flow stream,
3. as well as a considerable profit.

A businessman can start by purchasing a small business for sale in Lithuania, which will be beneficial as it will require less cost of acquisition and an established idea of operations.

 

What happens when you buy a business in Lithuania?

 

In a typical sale, only the shares of ownership are transferred, but the business continues to operate as usual. A simple majority of the company's shareholders may elect a new director, but if the current board of directors serves your needs, there is no need to request a change. There is no requirement for you to be employed in the business to run it.

When acquiring a small business for sale in Lithuania, it requires less effort and less formal procedures. Therefore, it is a win-win situation, as you get a running business with minimal effort, and the goodwill of the business renders unrestricted profit.

Under Lithuania's immigration regulations, foreign nationals may be eligible for permanent residence via investment, which includes the acquisition of a Lithuanian business such as starting a new business, buying an existing one, etc. If the investment is in the form of a purchase of a business, the buyer must provide proof that the enterprise is carrying on profitable operations.

The investment qualifies the investor for a work visa valid for 2-3 year and a temporary residence permit (TRP). After 5 years, the investor may apply for a permanent resident visa provided the investment is still ongoing and satisfies certain requirements. It is important to note that if the businessman receives a residence permit in Lithuania, his/her family members also receive permits.

Pension benefits for Foreign/non-Lithuanian workers who contribute to the social security system are generally on par with those for Lithuanian citizens. The state pension scheme provides a government minimum pension. Further, supplemental pensions are also earned via social insurance payments along with various health care benefits. 

 

Interesting Facts About Doing Business in Lithuania

 

• Lithuania is the tenth easiest nation in Europe and the world to do business in, according to the World Bank's "Doing Business" report.
• The nation boasts an easy company registration procedure, a low corporation tax rate, and an efficient judicial system.
• According to the Global Fintech Index, Lithuania ranked fourth globally for its fintech-friendly regulatory environment in 2021.
• With the country's well-developed transportation infrastructure, which includes ports, highways, and trains, it is also a suitable site for logistics and distribution hubs.
• Lithuania is a renewable energy pioneer, generating more than 30 percent of its power from renewable sources, making it one of Europe's top producers of renewable energy.
• The nation has some of the biggest solar and wind farms in the Baltics, making it a perfect site for enterprises specializing in sustainable energy solutions.
• Lithuania has a well-educated workforce in information technology, engineering, and life sciences, with over half of its citizens aged 25 to 34 with a college degree.
• One can bring employees from other countries to Lithuania for business purposes, such as to work on a project or to set up a new business operation as it has a less complex process for the same. However, there are certain requirements that must be met, including obtaining the necessary visas and work permits.

 

Your best guide for buying a running business for sale in Lithuania 

 

BizBon is a Lithuanian firm that offers support services to other businesses, such as aid with company registration, accounting, legal, and administrative needs. If you wish to start a business in Lithuania, it can range from setting up a new business, buying a running business, buying a small running business for sale, selling an existing business or expanding a business you have already bought.

Planning and financial services: The company helps you with business plan creation, government registration, license and permit acquisition, accounting, and tax services to help your company stay in line with Lithuanian financial and tax laws.

Legal services: BizBon can help if you need legal counsel or support while you set up, run, or buy a running business for sale in Lithuania. It conforms every activity of yours with the laws.

General services: BizBon can help with day-to-day tasks, including creating a bank account, processing payroll, securing visas and work permits for foreign workers, etc.

How to Buy a Ready-Made Company in Lithuania?

If you want to buy an already registered small business in Lithuania, you do not need to come to our office. You just need to send us a copy of your passport, to specify your address, phone number and email address to [email protected], and then our representative will contact you, give every single detail about your wanted small business for sale in Lithuania and specify what you should do next. We offer online services, for our clients’ convenience, we can send documents directly to your home address anywhere in the world. The action sequence is the following:

No./Action Process of Buying a company in Vilnius (without visiting our office)

1. Send us documents and the required information (copy of passport, your email, address, telephone number) by email [email protected]
2. Pay an advance payment of 50 percent of total amount to initiate the process
3. We prepare necessary documents for the Client to sign within a week and send them by email (up to 7 days)
4. The Client prints out the documents pursuant to the instruction, signs them, gets an approval from a notary and sends them back to us by a post courier (it will take 7 days until we get the documents)
5. receive the documents, it will take about 2-3 weeks to arrange a full package of documents for the Client (up to 21 days)
6. When the documents are ready, we scan and sends to the Client the business registration certificate by email and requests the Client for the remaining 50% of payment (it could take up to 15 minutes)
7. The Client pays the remaining amount (it could take up to 3 days)
8. We then send the documents to the Client by express courier (it could take up to 3 days)You will have the company documents, records and stamp in your own hands within a month at the latest. The practice shows that this process normally takes 2-3 weeks. If you want to shorten the process time, please come to our office and pick up the company’s documents on the same day. If you are seeking for retail business for sale or want to buy an established company in Vilnius, do no hesitate to contact our professional team and we will help you to start the business in Lithuania.

Bizbon is the one-stop destination that will help you from scratch to owning a business in Lithuania without hassle. We will be glad to have a nice cooperation with you!