MyTax.lt (UAB Garuda)
Vilnius
- Company formation
- Accounting and bookkeeping
- Tax compliance
- +5 more
Languages: Lithuanian · English · Russian
View profile of MyTax.lt (UAB Garuda)Registering a Lithuanian company is usually the quicker part; its first business account can take longer, especially when the owners live abroad or work in payments, crypto or another sector banks treat with care. Banks and payment institutions want to know who owns and controls the company, what it will sell and to whom, where the money comes from and why the business is in Lithuania. A firm that offers bank account assistance prepares that file and arranges the contact. It cannot open the account for you: the decision belongs to the bank.
Vilnius
Languages: Lithuanian · English · Russian
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Languages: Lithuanian · English · Russian
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View profile of UAB "Law and Financial Solutions" (Teisės ir finansų sprendimai)Ask what the service includes: drafting the business description, collecting and certifying documents, booking calls or meetings, or an introduction only. Ask which banks and electronic money institutions the firm has worked with in the past year, how long those applications took, and whether a director had to travel to Lithuania. If your sector is fintech or crypto, ask how many accounts it has helped open for companies like yours. Ask what happens if the first application is refused, and whether the fee is charged anyway. Be wary of any firm that promises a result.
Accountanty lists 26 firms in Lithuania that help with bank accounts: 12 accounting firms, 11 corporate service providers and three law firms. Eighteen are small, five medium-sized and three part of large networks. English leads with 23 firms, then Lithuanian (18) and Russian (13), and 18 focus on foreign clients. Crypto (11) and fintech (10) are the sectors named most, ahead of e-commerce (7). Fourteen publish pricing. Twenty-five of them are in Vilnius. See also company formation in Lithuania.
No. The bank or payment institution makes its own decision after its checks. A firm can prepare the documents, explain your business clearly and introduce you, which often makes the process faster.
Some banks and payment institutions identify directors remotely, while others ask for a meeting. Ask the firm which institutions it uses and what each one required from its recent clients.
Crypto is named by 11 of the 26 firms and fintech by ten, so companies in those sectors will find advisers used to the extra questions banks ask. E-commerce is named by seven.
General information, not legal or tax advice. Rules, rates and fees change: check them with the official sources linked on this page or with a qualified adviser before you act.