What is the best way to open an IP or a company in Lithuania?

We strongly recommend to open only individual enterprise. Many companies offer to open the closed joint-stock company (UAB), but at CJSC more statements and must pay to the authorized capital of not less than 2.900 euros! For an individual enterprise reporting once a year (submission to the tax authority of the income Declaration for the year) and do not need to have the authorized capital.

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