gatewayhackathon.eu

What It Is

LexBaltic Corporate Services positions itself as a Lithuania company formation and corporate services provider, offering international founders end-to-end legal, accounting, and compliance solutions. Its core value proposition is helping clients establish a business in Lithuania, an EU member state, while leveraging the country’s fintech, Web3, and remote digital infrastructure.

Core Services and Jurisdiction

Its services are focused on Lithuania and mainly cover two entity types: the UAB private limited liability company and the MB small partnership. A UAB is suitable for startups, fintech companies, holding companies, and businesses that need financing or hiring capabilities. It requires a minimum share capital of €2,500, and shareholders may be individuals or companies. An MB is more suitable for freelancers, small agencies, and solo entrepreneurs. It has no minimum share capital requirement, but members must be individuals and are limited to a maximum of 10. The process includes KYC collection, name reservation, drafting articles of association, opening a bank account, signing/notarization, filing with the register, and obtaining a company extract and seal.

Pricing and Timeline

The page does not disclose service fees or package pricing, which is the main obstacle to assessing value for money. Confirmed cost-related information includes the UAB minimum share capital of €2,500, no minimum share capital for an MB, and Lithuania’s standard corporate income tax rate of 15%, with eligible micro-companies potentially qualifying for a 5% rate. In terms of processing time, the standard estimate is 3-5 business days. If all documents are ready and an electronic signature is available, a UAB can be registered in 1-3 business days. If handled by mailing a power of attorney, the process takes around 1-2 weeks.

Compliance, Address, and Remote Setup

Its strength is its non-resident-friendly approach: there is no need to travel to Lithuania in person, no local director is required, and a foreigner may act as both the sole shareholder and CEO. However, the company must have a registered address in Lithuania, and the page states that virtual office services are available. For ongoing compliance, it only broadly mentions accounting and compliance solutions. It also states that VAT registration is required once revenue within Lithuania exceeds €45,000 over the past 12 months, with voluntary registration also available. Specific details on bookkeeping, annual reports, and tax services are limited.

Pros, Cons, and Who It Is For

The advantages are a clear remote incorporation pathway, relatively complete explanations of entity types, and coverage of fintech/VASP-related needs. The drawbacks are that pricing, payment methods, team credentials, case studies, and ongoing compliance packages are not sufficiently disclosed, and the page content also contains noticeable repetition. It is best suited to international entrepreneurs who have already decided on Lithuania and need lawyer-assisted remote incorporation plus a registered address. The main text does not provide information on access from China, network stability, or payment availability. It is advisable to use the free consultation first to confirm pricing, payment methods, document certification requirements, and whether Chinese clients are supported.