LITHUANIA STARTUP VISA

In order for non-EU entrepreneurs to establish and grow their businesses in Lithuania, the Lithuania Startup Visa is a great opportunity. With the help of this visa, Lithuania is hoping to attract innovative startups and contribute to the dynamic economy of the country.

ELIGIBILITY REQUIREMENTS

In order to qualify for the Lithuania Startup Visa, applicants must meet the following requirements:

• It is necessary to be a non-EU/EEA/Swiss citizen.
• It is important to have a business idea that has the potential for growth that is innovative and scalable.
• You will be required to provide a comprehensive business plan that outlines the business idea, market analysis, financial projections, and the potential impact on the Lithuanian economy as well.
• The Startup Committee must approve the business idea before it can move forward.
• Demonstrate that they have sufficient financial resources to support themselves and their business. A minimum of €800 per month is required to cover the costs of the project.

APPLICATION PROCESS

1. Prepare a Business Plan: You will need to prepare a detailed business plan that details your innovative business idea, the market analysis, the financial projections, as well as the potential impact the business will have on the Lithuanian economy.
2. Obtain Business Idea Approval: The first step is to submit your business plan to the Startup Committee for evaluation. As a result of this assessment, your business idea will be evaluated in terms of innovation, market attractiveness, scalability, and your ability to implement the business idea successfully.
3. Gather Financial Proof: Gather evidence that you have the means to repay your loan, such as bank statements or letters from a lender approving the loan.
4. Submit Application: You can submit your application for the Lithuania Startup Visa at the Lithuanian embassy in your home country or at the Lithuanian Migration Department if you live in Lithuania. Make sure that you include your business plan, financial proof, and any other documents that are required.
5. Obtain Residence Permit: Once your visa has been approved, you will need to travel to Lithuania and apply for a temporary residence permit (TRP). In general, the initial permit is valid for two years and can be renewed for an additional three years based on the success of your business activities over the course of those two years.

BENEFITS OF THE LITHUANIA STARTUP VISA

• Visa-Free Travel: Travelling within the Schengen Area is visa-free, enabling you to conduct business across Europe and explore new markets.
• Pathway to Residency and Citizenship: You can apply for permanent residency or become a Lithuanian citizen after five years of legal residency in the country.
• Family Reunification: If you wish to join your family in Lithuania, they will have the same residency rights as you.
• Supportive Business Environment: You will be able to benefit from Lithuania’s supportive business ecosystem, including government incentives, tax reductions, and funding opportunities in order to grow your business.
• High Quality of Life: You will be able to discover Lithuania’s rich culture, beautiful landscapes, and vibrant entrepreneurial community as you discover this country.

WHY CHOOSE LITHUANIA?

There is no doubt that Lithuania offers entrepreneurs a safe environment, with a supportive business ecosystem, access to the European market, and a high quality of life. If you choose Lithuania as your country of residence, you will be able to benefit from a dynamic economy, tax policies that are advantageous, and enjoy a vibrant lifestyle in one of the most innovative countries in Europe.