{"id":1842,"date":"2026-10-14T13:44:07","date_gmt":"2026-10-14T10:44:07","guid":{"rendered":"https:\/\/meso.lt\/?p=1842"},"modified":"2026-10-14T13:44:07","modified_gmt":"2026-10-14T10:44:07","slug":"steigiate-versla-lietuvoje-ka-svarbu-zinoti-apie-apskaita-pvm-ir-darbo-uzmokesti","status":"publish","type":"post","link":"https:\/\/meso.lt\/eng\/steigiate-versla-lietuvoje-ka-svarbu-zinoti-apie-apskaita-pvm-ir-darbo-uzmokesti\/","title":{"rendered":"Starting a business in Lithuania? \nWhat you need to know about accounting, VAT, and payroll"},"content":{"rendered":"<p><b><span data-contrast=\"none\">Planning to start business in Lithuania ?<\/span><\/b><br \/>\n<b><span data-contrast=\"none\">What you need to know about accounting, VAT, and payroll<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:2,&quot;335551620&quot;:2,&quot;335559738&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:240,&quot;335572079&quot;:8,&quot;335572080&quot;:4,&quot;335572081&quot;:12419407,&quot;469789806&quot;:&quot;single&quot;}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"none\">Practical Guide for Foreign Businesses<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:2,&quot;335551620&quot;:2,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Starting a business in Lithuania can be an attractive way to enter the European Union market. But registering a company is only the first step. Accounting, VAT, payroll and financial reporting requirements can arise from the very beginning, sometimes even before the company generates its first revenue.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For foreign entrepreneurs, the key is to understand what you can manage yourself, what should be prepared before starting operations, and where local accounting expertise can prevent unnecessary complications. \n\nBefore You Start: Get the Financial Setup Right \n\nOne of the most common mistakes is to register a company first and think about accounting later.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p aria-level=\"1\"><b><span data-contrast=\"none\">1. You should take care of your accounting before you start your business<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">A newly established company may have financial transactions even before it has generated its first revenue. Start-up costs, authorized capital transactions, consulting services, software subscriptions, bank fees, and supplier invoices are already part of the company\u2019s financial accounting<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Therefore, it is important to clearly define from the very beginning how the following will be handled:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">sales and supplier invoices;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">contracts and documents supporting the expenses;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Bank documents;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">employee-related information;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">monthly financial statements.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Having a clear procedure in place from the very first days of operation helps avoid situations where, after a few months, you have to reconstruct missing documents or correct transactions that have already taken place.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">There is another important aspect for international companies: the accounting of a company operating in Lithuania must comply with applicable local requirements, but at the same time, it may be necessary to prepare data according to the needs of the parent company or the entire corporate group.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p aria-level=\"1\"><b><span data-contrast=\"none\">2. Assess VAT Issues Before Issuing Your First Invoice<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">VAT is one area that international businesses should evaluate even before they begin conducting transactions.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The application of VAT may depend on the nature of the company\u2019s operations, the location of customers, whether sales are made to businesses or consumers, the delivery location of goods, the purchase of services from foreign suppliers, and other cross-border transactions.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Therefore, one should not simply assume that the obligation to register as a VAT payer will only become relevant once the company reaches a certain scale of operations. In the case of international transactions, the business model and transaction structure themselves are key.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">The thump rule: it is better to resolve VAT issues before issuing the first invoices rather than correcting them later.<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p aria-level=\"1\"><b><span data-contrast=\"none\">3. Are you planning to hire employees?<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Payroll administration involves more than just calculating salaries. Even before your first employee starts work, it\u2019s important to clearly agree on the terms of employment and compensation, payroll schedules, information sharing, approval processes for bonuses or compensation changes, vacation time, and the management of employee expenses.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">If a company operating in Lithuania is part of an international group, local payroll processes can also be integrated with the group\u2019s HR and financial systems.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p aria-level=\"1\"><b><span data-contrast=\"none\">4. What Can You Prepare on Your Own?<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The assistance of an accounting specialist is not required at every stage of setting up a business. Before contacting an accounting partner, it is helpful to have:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><span data-contrast=\"auto\">information about shareholders and executives;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"auto\">a clear description of the planned business activities;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><span data-contrast=\"auto\">the anticipated start date of operations;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><span data-contrast=\"auto\">the countries where customers and suppliers will be located;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"10\" data-aria-level=\"1\"><span data-contrast=\"auto\">the planned number of employees;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"11\" data-aria-level=\"1\"><span data-contrast=\"auto\">the currencies in which payments will be made;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"12\" data-aria-level=\"1\"><span data-contrast=\"auto\">key contracts, budgets, and financing information.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">The clearer the business model, the easier it is to select the appropriate accounting, VAT, and financial reporting processes in advance.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p aria-level=\"1\"><b><span data-contrast=\"none\">Common Mistakes When Starting a Business in Lithuania<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Accounting is addressed too late.<\/span><\/b><span data-contrast=\"auto\"> It is advisable to plan accounting processes even before the first financial transactions take place.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">VAT issues are put off until later.<\/span><\/b><span data-contrast=\"auto\"> In international operations, VAT may become relevant due to specific transactions, so it is recommended to assess its application in advance.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">It is assumed that the parent company\u2019s accounting processes are sufficient.<\/span><\/b><span data-contrast=\"auto\"> A company established in Lithuania must ensure compliance with the Lithuanian accounting, tax, and reporting requirements applicable to its operations.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Payroll is viewed solely as the process of calculating compensation.<\/span><\/b><span data-contrast=\"auto\"> In practice, it is a continuous process involving information, calculations, approvals, and reporting.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p aria-level=\"1\"><b><span data-contrast=\"none\">How can MESO Group help?<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">MESO Group provides accounting and financial management services to international companies establishing or already operating in Lithuania.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">We handle for you:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"13\" data-aria-level=\"1\"><span data-contrast=\"auto\">bookkeeping and financial accounting;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"14\" data-aria-level=\"1\"><span data-contrast=\"auto\">payroll accounting and administration;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"15\" data-aria-level=\"1\"><span data-contrast=\"auto\">VAT registration and VAT-related matters;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"16\" data-aria-level=\"1\"><span data-contrast=\"auto\">tax calculation and filing;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"17\" data-aria-level=\"1\"><span data-contrast=\"auto\">preparation of financial statements;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"18\" data-aria-level=\"1\"><span data-contrast=\"auto\">management reports;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"19\" data-aria-level=\"1\"><span data-contrast=\"auto\">communication with Lithuanian authorities;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;singleLevel&quot;}\" data-aria-posinset=\"20\" data-aria-level=\"1\"><span data-contrast=\"auto\">tailoring accounting processes to the needs of an international corporate group.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">This model allows the company\u2019s team to focus on business development and commercial decisions, while entrusting local accounting, payroll, and compliance processes to specialists in these fields.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p aria-level=\"1\"><b><span data-contrast=\"none\">A Quick Checklist Before Starting a Business in Lithuania<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">\u2713 <\/span><\/b><span data-contrast=\"auto\">You have clearly defined your business and transaction model.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:198,&quot;335559739&quot;:120,&quot;335559740&quot;:269,&quot;335559991&quot;:198}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">\u2713 <\/span><\/b><span data-contrast=\"auto\">You know where and from where your customers and suppliers will be.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:198,&quot;335559739&quot;:120,&quot;335559740&quot;:269,&quot;335559991&quot;:198}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">\u2713 <\/span><\/b><span data-contrast=\"auto\">You have established a process for managing invoices and other accounting documents.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:198,&quot;335559739&quot;:120,&quot;335559740&quot;:269,&quot;335559991&quot;:198}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">\u2713 <\/span><\/b><span data-contrast=\"auto\">You have assessed potential VAT obligations.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:198,&quot;335559739&quot;:120,&quot;335559740&quot;:269,&quot;335559991&quot;:198}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">\u2713 <\/span><\/b><span data-contrast=\"auto\">You have decided who will handle the company\u2019s accounting.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:198,&quot;335559739&quot;:120,&quot;335559740&quot;:269,&quot;335559991&quot;:198}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">\u2713 <\/span><\/b><span data-contrast=\"auto\">If you plan to hire employees, you have prepared a payroll process.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:198,&quot;335559739&quot;:120,&quot;335559740&quot;:269,&quot;335559991&quot;:198}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">\u2713 <\/span><\/b><span data-contrast=\"auto\">You have determined what financial reports will be required by the company\u2019s management or corporate group.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:198,&quot;335559739&quot;:120,&quot;335559740&quot;:269,&quot;335559991&quot;:198}\">\u00a0<\/span><\/p>\n<p aria-level=\"1\"><b><span data-contrast=\"none\">Start your business in Lithuania with properly prepared financial processes<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Incorporating a company is just the beginning. In the long term, it is much more important that accounting, VAT, payroll, and financial reporting processes are properly organized from the very first day of operation.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b><span data-contrast=\"none\">Are you planning to incorporate a company or start operations in Lithuania?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:2,&quot;335551620&quot;:2,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">MESO Group can handle your company\u2019s accounting, payroll, VAT, and financial reporting in Lithuania.<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:2,&quot;335551620&quot;:2,&quot;335559739&quot;:120,&quot;335559740&quot;:269}\">\u00a0<\/span><\/p>\n<p>Contact us to discuss your business needs \u00a0<a href=\"mailto:info@meso.lt\">info@meso.lt<\/a><\/p>\n<p>Note: This article is general informational material. Specific accounting, tax, and labor law obligations depend on the company\u2019s circumstances and the legislation in effect at the time; it is recommended to assess your individual situation before making any decisions.<\/p>","protected":false},"excerpt":{"rendered":"<p>Steigiate versl\u0105 Lietuvoje? K\u0105 svarbu \u017einoti apie apskait\u0105, PVM ir darbo u\u017emokest\u012f\u00a0 Praktinis gidas u\u017esienio verslui\u00a0 Verslo steigimas Lietuvoje yra tik pirmasis \u017eingsnis. Ne ma\u017eiau svarbu dar prie\u0161 pradedant veikl\u0105 tinkamai pasiruo\u0161ti finansinius procesus: apskait\u0105, PVM, darbo u\u017emokes\u010dio administravim\u0105 ir finansin\u0119 atskaitomyb\u0119.\u00a0 Tai ypa\u010d aktualu u\u017esienio \u012fmon\u0117ms, kurios Lietuvoje steigia dukterin\u0119 bendrov\u0119 ar pradeda vykdyti&hellip;<\/p>","protected":false},"author":1,"featured_media":1843,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"slim_seo":{"title":"Steigiate versl\u0105 Lietuvoje? K\u0105 svarbu \u017einoti apie apskait\u0105, PVM ir darbo u\u017emokest\u012f - Meso.lt","description":"Steigiate versl\u0105 Lietuvoje? K\u0105 svarbu \u017einoti apie apskait\u0105, PVM ir darbo u\u017emokest\u012f \u00a0 Praktinis gidas u\u017esienio verslui \u00a0 Verslo steigimas Lietuvoje yra tik pirma"},"_slim_seo_primary_term_category":0,"_slim_seo_primary_term_post_tag":0,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-1842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aktualijos"],"_links":{"self":[{"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/posts\/1842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/comments?post=1842"}],"version-history":[{"count":1,"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/posts\/1842\/revisions"}],"predecessor-version":[{"id":1844,"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/posts\/1842\/revisions\/1844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/media\/1843"}],"wp:attachment":[{"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/media?parent=1842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/categories?post=1842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/meso.lt\/eng\/wp-json\/wp\/v2\/tags?post=1842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}