Your Business Account in Lithuania 🇱🇹

Yes, non-residents can generally open a business bank account in Lithuania. However, there can be differences in specific requirements and procedures among banks. It is advisable to contact the chosen bank directly for accurate information on their account opening process for non-residents.

The cost can vary depending on different factors such as the complexity of the company structure, its registration country, etc. Non-residents can typically expect to pay a minimum of 200 EUR. However, it is recommended to directly contact the chosen bank to obtain precise and up-to-date information regarding their specific account opening process for each individual case.

To establish a business bank account for a local company in Lithuania, you need to provide the following: identification papers of the company proprietor, proof of residency in Lithuania (either temporary or permanent), financial information of the applicant (some banks may request it), official documents verifying the establishment of the business entity, and personal information of the company directors.

The time it takes to open a business account in Lithuania can vary depending on several factors, including the bank you choose and the completeness of your documentation. In general, the process can take anywhere from a few days to a couple of weeks. It's advisable to contact your chosen bank directly to inquire about their specific procedures and expected timeline for opening a business account.