Lithuania

Ease of Doing Business in

Lithuania

This page summarizes Doing Business 2013 data for Lithuania. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Eastern Europe & Central Asia
Income Category Upper middle income
Population 3,203,000
GNI Per Capita (US$) 12,280
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
27 26 down -1

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
74.2 74.3 down -0.1
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 107 103 up -4
Dealing with Construction Permits 48 47 up -1
Getting Electricity 75 76 up 1
Registering Property 5 5 No change
Getting Credit 53 52 up -1
Protecting Investors 70 66 up -4
Paying Taxes 60 57 up -3
Trading Across Borders 24 26 up 2
Enforcing Contracts 14 15 up 1
Resolving Insolvency 40 40 No change

Economy Profile

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Additional Data

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 107 DB 2012 Rank 103 Change in Rank down-4
DB 2013 DTF** (% points) 83.6 DB 2012 DTF** (% points) 84.6 Improvement in DTF** (% points) down-1.0
Indicator Lithuania Eastern Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
7 6 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
20 14 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
1.1 6.8 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
31.3 5.0 13.3
No. Procedure Time to Complete Associated Costs
1 Open bank account with minimum capital and get a bank certificate proving the availability of the funds; pay the registration fee and obtain the document evidencing the payment 1 day LTL 15
2 Obtain a confirmed electronic signature from the Center of Registrer of Certificates 1 day LTL 9.21
3 Check and reserve the name of the company (limited liability company) 1 day LTL 56
4 Register at the Company Register, including registration with State Tax Inspectorate (the Lithuanian Revenue Authority) for corporate tax, VAT, and State Social Insurance Fund Board (SODRA) 1 day LTL 198
5 Complete VAT registration 10-15 days no charge
6 Open a settlement bank account (to handle normal commercial transactions) 1 day no charge
7 Obtain the official seal of the company 2 days LTL 30-90

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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