Bizbon - Global business advisers

23/07/2024

🚀 Looking to work or live in Lithuania? Our expert immigration lawyers are here to help! 🌍

Navigating the process of acquiring a Lithuanian work permit or residence permit can be complex and time-consuming. With our extensive knowledge and personalized approach, we ensure a smooth and successful application process.

💼 Work Permits🏠 Residence Permits
We handle all the legalities so you can focus on starting your new life in Lithuania.

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https://www.bizbon.com/work-permit-lithuania/

16/11/2023

Bizbon - Global business advisers assist foreign businessmen to get ONE-YEAR SCHENGEN VISA. The National D-type visa in Lithuania holds immense significance for those intending to stay in the country for an extended period. It serves as an entry permit for individuals planning to reside in Lithuania for more than 90 days, catering to various purposes such as work, studies, family reunification, or other long-term stay reasons.

Issued by the Lithuanian diplomatic missions abroad, this visa allows its holders to enter the country and subsequently apply for a residence permit. Its validity typically spans a year, permitting multiple entries during this duration, making it a pivotal step for individuals seeking prolonged stays.

One of the primary categories for the National D type visa is for work purposes. Lithuania, like many European countries, welcomes skilled professionals and entrepreneurs from across the globe to contribute to its growing economy. The D type visa facilitates entry for these individuals, enabling them to work and explore professional opportunities in the country.

Another significant segment includes individuals pursuing education in Lithuania. The visa aids students enrolled in universities or educational institutions with programs lasting more than three months. It grants them access to the country, allowing them to pursue their academic aspirations and engage in a vibrant learning environment.

Family reunification is yet another vital aspect the National D type visa covers. It permits family members of Lithuanian citizens or individuals holding a valid Lithuanian residence permit to join their loved ones in the country, fostering familial bonds and ensuring their presence during crucial life moments.

The application process for the National D type visa involves several steps and requirements. Applicants must provide a range of documents, including a completed application form, a valid passport, proof of purpose (such as a work contract, university acceptance letter, or family relation proof), health insurance, and proof of financial means to sustain themselves during their stay.

Additionally, applicants may need to undergo a medical examination and obtain a clearance certificate from Lithuanian authorities, ensuring they pose no threat to public health or safety.

The processing time for the National D type visa may vary, often depending on the specific category and the completeness of the application. Typically, it's advised to apply well in advance of the intended travel date to accommodate any potential delays in processing.

Upon entering Lithuania with the National D type visa, holders are required to apply for a temporary residence permit within the first few days of arrival. This permit allows them to legally reside in the country for the duration specified in the visa.

Overall, the National D type visa in Lithuania stands as a gateway for individuals seeking extended stays for various purposes. It not only facilitates their entry into the country but also paves the way for a seamless transition to obtaining a residence permit, enabling them to integrate into Lithuanian society and contribute to its diverse tapestry.

More:
https://www.bizbon.com/services-in-lithuania/lithuanian-business-visa-assistance/schengen-visa-type-d

09/10/2020

27/11/2019

Small Partnership: a freer start to your chosen business

Since 2012, in Lithuania relatively quite a new form of business activity - the Small Partnership (MB) came into effect, which at that time was considered as a convenient alternative to starting with a Private limited company (UAB).
Although already interested customers still intend to select for their future activity register a limited liability company UAB), MB is not lost its popularity either for today. The main reason is the attitude of the society towards UAB and MB - the first is better known as a legal, the latter one – as a family or the other form of a small or medium business.
One of the main advantages of the Small Partnership (MB) is freedom of work and profit distribution of the manager and the members since the Civil Code regulates such activities, not the Labor Code.
MB owners, however, are not satisfied with the changing tax environment – with the introduced compulsory payment of social security contributions for each MB member, as well as with the changed Civil Code provision that no longer allowed civil service contracts to conclude with the Partnership members.
However, UAB has been and will continue to be the most popular legal form of the enterprise due to its more flexible business development and management opportunities.

25/11/2019

Last year was a record number of immigrants, returned back or newly arrived in Lithuania

In 2018, about 29 thousand people immigrated to Lithuania - it is 1.4 times or 8,500 people more than in the previous 2017. This is the highest number of immigrants since the restoration of the state Independence. More than half (57.4%) of immigrated persons are the citizens of the Republic of Lithuania who has returned to their country of origin.

In 2018, more than 12 thousand of immigrated to Lithuania were the foreigners. The majority of immigrants, according to the Migration Department, among foreign citizens are Ukrainians that consisted of almost half (about 5'700 of them) of arrived persons from the third countries. A bit over 3 thousand people arrived from neighboring Belarus, near to 1'000 arrived in Lithuania were the citizens of the Russian Federation.

The majority of them have arrived on the purposes of work in the construction (building and roads) and transport areas, the lesser part involved into own business development after purchasing a registered company in Lithuania. Specialists with higher qualification search for a job in the health security system (hospitals, private clinics), at IT service companies.

22/11/2019

Major initial steps for your own business start in Lithuania

- Preliminary research of the country and its business market;
- Check the requirements aiming to receive permits for your chosen planned activity (if this type of permit is necessary);
- Select your activity form and ownership type (company registration or start the individual activities);
- Prepare your business plan;
- Start run your chosen activity individually or with a purchased registered company in Lithuania

For more detailed information please visit our website http://www.bizbon.com

20/11/2019

The Schengen visa to Lithuania for business purposes

The foreign citizens from the third non-EU countries must have a Schengen visa in order to enter the territory of Lithuania for short-term purposes, especially if they arrive under a business trip unless their countries of origin are the subject of a visa-free regime.
A Schengen visa can be single, double or multiple. An alien may also be issued a Schengen visa with limited territorial validity.
A foreign citizen wishing to obtain a Schengen short-stay visa (C) on the basis of an established and registered business in Lithuania should have to submit an official invitation. An invitation letter is a document by which a legal person (the company) of the Republic of Lithuania invites an alien who intends to start to do business in this EU country on behalf of an established and registered his own company in Lithuania. The invitation letter can facilitate the visa application process and reduce the number of funds needed for an alien to arrive in Lithuania. When a Schengen visa is issued to an alien on an invitation basis, he pays the required amount which is 20 € for one day, while in other cases - 40 € for one day (this term is not applied to the minors accompanying with the adult family members).
Requests for approval of done invitations shall be submitted only electronically. It may be submitted by the inviting company of the Republic of Lithuania.

For more information about our possible assistance (how we could help to interested in foreign citizens), please visit our Internet website.

15/11/2019

Ownership types in Lithuania

If you decide to set up a company in Lithuania, first should consider which legal form of the enterprise that could be most suitable for your chosen activity. For this, we would like to present the most common ownership types.
According to the purpose of legal entities, they are divided into public and private. Public and private legal entities mostly differ according to the objectives that are set out by the founders. The public entities mostly seek benefits for themselves, the private bodies seek material gain in common interests. The activities and use of income - private legal entity members have the right to participate in profits, profits of a public entity can only be used for activity purposes.
The major enterprise legal forms are the following :
- Limited Liability Company (in Lithuanian - Uždaroji Akcinė Bendrovė, UAB), which is the most popular company type among those who have decided to register and start a business in Lithuania;
- Small Partnership (Mažoji Bendrija, MB);
- Individual Enterprise (Individuali įmonė, IĮ);
- Public institution (Viešoji įstaiga, VšĮ);
- A Joint-Stock Company (Akcinė Bendrovė, AB)

13/11/2019

Business plan – the key to success by developing your chosen activity

A business plan is a document that sets out clearly and reasonably what a company / a business owner wants, what is the vision and how will achieve the set purposes. It is a handy tool to systematically reflect on your business ideas and assess the prospects for the nearest future.

These are the basic questions you should have to respond while writing a business plan:
- What do we want to become?
- How will we achieve this?
- How we will assess the made progress?

Some recommendations for business plan structure :

- Specify the reasons why you decided to draw up a business plan, provide a brief description of the company (activity, size, capital, number of employees), describe the expected goods or services and their market, consumer benefits, projected profits, and basic assumptions.
- Presentation of the company in brief by writing the general information about your company, its contacts, founders, the purposes of establishment, present activity situation (what type of the activity, type of the product or services), activity expectations for the shortest period (up to one year).
- Market Analysis in brief by including its number of targeted clients or consumers, show the difference of your offered products or services from the rest competitors, and etc.
- Vision. Definition of objectives. Strategy – describe how do you see your company in the long term, f.i., after 5 years of activity, set the goals that will help you achieve your business vision, name the measures and steps you will take to reach your purposes.
- Financing. Project profit and loss statement. Cash flow forecast – all these items should be also described and posted to the Business plan.

12/11/2019

What are the key factors that make your business successful?

First and foremost, it is an innovative idea whose basic principles must be outlined in your business plan.
When searching for a business idea and planning it, there are a few key steps to take - evaluating the available resources, searching for a business idea, evaluating an idea, preparing for it
Before you start looking for a business idea, evaluate objectively whether you have enough resources to develop the idea into a successful business. Development a business idea will require resources such as your time, communication, creativity and entrepreneurial skills, knowledge and experience, dating, real estate, tools to reach your goal, financial resources, and more.
You can get business ideas from many sources:
1.Personal need. Before developing a business idea, it is always a good idea to start looking for it in a closed environment. Evaluate what product or service you or your loved ones often lack, what you would consider a useful, effective, needed product/service. Be Creative and Practical - Identifying a missing product or service can become a niche for implementing your business.
2.Available professional skills. Starting a business with specific experience or education in a particular area is beneficial and expedient - you will realize your professional skills and the customer will receive a quality product or service.
3. Be open to innovations, follow experienced business people and their choices, various global trends. Often, the popularity of new goods or services grows at a lightning speed - if you spot a potential idea, develop it.

06/11/2019

More and more specialists for the missing professions are arriving in Lithuania

The amount of immigration is increasing every year, and foreigners select Lithuania as their destination - they arrive here to study, work, do their own business, reunite with the family and other purposes. Recently, more and more foreigners are coming to the country for own business registration and job purposes, especially select the professions that are lacking in the Lithuanian labor market currently.

According to the Migration Department of Lithuania, during the 7 months of this year, 19 884 temporary residence permits were issued, 14 965 of them or 68 percent - for work. It was made up by the foreigners who filled the vacancies of missing professions. These are the foreign citizens from the third countries who have come to work as drivers of international vehicles, bricklayers, concrete workers, plasterers, welders, tailors, and etc.

Compared to 2018, the number of foreigners immigrating to Lithuania for work purposes increased by 65%, while the number of incoming specialists whose profession was included in the list of missing professions increased by 61%.

05/11/2019

The foreigners from the third countries in Lithuania or in the other EU country - is it good or bad (👍 or 👎)? Sure, everyone has its own opinion, but what do you think?

05/11/2019

Lithuania overtook Estonia and Latvia in "Doing Business" Ranking

Lithuania took the 11th position in the World Bank Ranking on Doing Business 2019 on the terms for doing business in the world, according to reports of the Ministry of Economy of Lithuania. This is the highest place ever for this country for the entire period of existence of that rating. Among still the 28 EU countries, Lithuania is in the fourth position, behind Denmark, Great Britain, and Sweden.
Estonia took 18th place in the ranking, Latvia is on the 19th position. The first three positions in the ranking are New Zealand, Singapore, and Hong Kong respectively.

05/11/2019

Several ways to succeed in today's business environment

The Internet is no longer what is today in terms of sales. If you once were able to reach the desired result without online sales, now your this kind of business practice would be an exception.

Nowadays, just having a website is no longer enough to win in a highly competitive business environment. Among the many offered strategies would like to share with some of them aiming to help you stand out and gain the attention of potential online consumers and shoppers.
1. Sell a Lifestyle, not a Product – these days, you need to focus on how your offered product or service will affect the lifestyle of a customer, not to talk about the product or service itself. Enough to appeal to the consumer's subconscious visions of what life he would like to live. Stop selling products or services, start marketing on the lifestyle and experience by talking about the expectations and feelings of the customers.
2. Create Multichannel Online Access – in modern business that you could be accepted and evaluated seriously, you cannot be limited to just a website or just social networks. Only together will these channels build brand credibility. Why do you have to be on social networks? In order to make your products or services attractive in terms of service and quality, as well as Google rankings (we live in the Internet age), to build the needs by ensuring the social credibility of your business among the followers, also to approve of your current business existence. Therefore, in order to be interesting not only to yourself but to the others, it is necessary to do technically more on the Internet to make the goods and services you offer designed to a large number who are interested in it.

31/10/2019

The number of working foreigners doubled in Lithuania

During the year, the number of working foreigners in Lithuania has almost doubled, according to the Social Security Insurance Fund announcement.
Foreign workers today make up almost 2% of all the workers in the country.
According to the Social SecurityInsurance Fund, in the second quarter of 2019, in Lithuania, there were 24.6 thousand employees from the third countries who had permanent jobs or fixed-term employment contracts and for whom the social insurance contributions were paid. In the same period of the last year, there were 14.1 thousand such workers.
The largest number of foreigners employed in Lithuania are truck drivers, cooks, car and taxi service drivers, builders, welders, heads of institutions and own companies.

More about information about the opportunities to establish own business in Lithuania on our website http://www.bizbon.com

31/10/2019

More and more countries in the world are admitting Lithuanian citizens without visas. Lithuania at the moment ranks the 9th in the latest World Passport Index (October 2019) compiled by authoritative consulting firm Henley & Partners - currently, our citizens are free to travel to 181 countries without visas.
The Henley & Partners index lists the passports of all countries in the world according to the number of countries these passport holders are admitted to without visas. Compared to last year, our country rose in this index by a couple of positions: in the Fall of 2018, Lithuania was the 11th in a ranking, and without visas, the citizens of Lithuania were able to travel to 179 countries - two less than now.
Currently, the same number of countries as the Lithuanian passport can be visited with the Australian, New Zealand or Icelandic passport.
Our Baltic neighbors Latvia is one position below – at the 10th position and opportunity freely visit 179 countries, Estonia – at the 11th position with the number of 178 visa-free countries.
By comparison, Russia ranks only in the 51st position with 116 visa-free countries.
Most of the 189 countries in the world without a visa can visit Japan and Singapore passport holders.

More information on the opportunities to become a citizen of Lithuania you may find out by visiting our webpage http://www.bizbon.com

17/02/2019

🚗🚗 Car Parts & Components 2 Shops Business For Sale in Lithuania.

Started in 2014. Turnover in 2015 – EUR 390 000, 2016: EUR 407 000, 2017 – EUR 416 000. EUR 2018 – EUR 331,000. Stock balance in warehouses over € 120,000, profit after taxes and all other expenses in 2017 was ~30 000 Euro 👌

Company has 2 shops in different cities of Lithuania and sells automotive spare parts, campers and leisure goods. Two rental stores in Vilnius and Klaipėda cities.
Company has a strong position in the market for automatic transmission details, the company represents exclusive rights in all Europe, 7 employees, good reputation and good profits.

⚙️ For more information please visit here:
https://www.bizbon.com/businesses-for-sale/lithuania/vilnius/car-parts-components-2-shops-business-for-sale-in-lithuania/

Car Parts & Components 2 Shops Business For Sale in Lithuania by admin | Feb 17, 2019 | Klaipėda, Lithuania, Vilnius | car parts shop business for sale in Lithuania 11 car parts shop business for sale in Lithuania 12 car parts shop business for sale in Lithuania 9 car parts shop business for sale i...

17/02/2019

Latest NewsLetter.

One Year Business Visa
Businesses for Sale in Lithuania and Spain. For more information please follow the weblink below:

https://www.bizbon.com/?mailpoet_router&endpoint=view_in_browser&action=view&data=WzE5LCIzNDc3NzlmZDJhYjgiLDAsMCwxNiwxXQ

22/01/2019

REDUCED PRICE for the fast sale, NOW 19’000 Eur
(before was 25’000 Eur)

Business for sale in Spain - Tenerife.
The coffee store business is for sale. It was opened in 2016 in one of the best areas: South of Tenerife, Adeje (Spain, Canary islands). It is a successfully operating and dynamically developing specialized store of coffee, tea, sweets, as well as other goods intended for tea and coffee ceremonies.
More information: http://www.businessforsaletenerife.com/property/cozy-coffee-store-in-adeje-tenerife/

The coffee store business is for sale. It was opened in 2016 in one of the best areas: South of Tenerife, Adeje (Spain, Canary islands). It is a successfully operating and dynamically developing specialized store of coffee, tea, sweets, as well as other goods intended for tea and coffee ceremonies.....

12/12/2018

The coffee store business is for sale in Spain (Tenerife). It was opened in 2016 in one of the best areas: South of Tenerife, Adeje (Spain, Canary islands). It is a successfully operating and dynamically developing specialized store of coffee, tea, sweets, as well as other goods intended for tea and coffee ceremonies. Cost 25'000 Euro
More info here: http://www.businessforsaletenerife.com/property/cozy-coffee-store-in-adeje-tenerife/

The coffee store business is for sale. It was opened in 2016 in one of the best areas: South of Tenerife, Adeje (Spain, Canary islands). It is a successfully operating and dynamically developing specialized store of coffee, tea, sweets, as well as other goods intended for tea and coffee ceremonies.....

05/04/2018

We would like to introduce a Lithuanian (North Eastern Europe) company that has been in IT business since 2012, in which you, as a foreign investor, might be interested.

This company with an excellent track record for the best customer satisfaction.

Since Europe is becoming more and more attractive to both technology companies and other businesses that need tech expertise, European countries offer great benefits for IT sector to draw investment from foreign countries.

We offer an immigration options for those businessmen, who would like to invest in a business in Lithuania (Schengen area) with a possibility to apply for Residence Permits right after purchasing this company!

You can find more information about this company by clicking on the link below:
https://www.bizbon.com/businesses-for-sale/lithuania/vilnius/it-web-development-company/

This company is suitable for up to 4 investors, each and every one of whom can apply for a Schengen Residence Permit based on being an investor in this company.

Very attractive price! Total price for the company €29 000.

Please contact us by replying to this email if you are interested in this offer.

Best regards,

BIZBON
Business Immigration Consultants
tel: +370 648 70776 - email: [email protected]
web: www.BizBon.com, Skype:LiveAndWorkInEU
address: Laisves pr. 125, Vilnius, Lithuania LT-06118

IT company. Good for residence permit. Low price 29’000,- EUR by admin | Oct 31, 2017 | Vilnius | IT business. Suitable for getting residence permit. Company / business for sale LLC “MINIMA LT” Company registered in Lithuania (North-East Europe) which engaged with IT business and holds these p...

17/01/2018

How to get Residence Permit in Europe through business? A permit to reside in Lithuania when registering a company. If you are not a citizen of the European Union, you have your own company or business, which is also not registered in the European Union – in this case you can get a temporary residence permit for the Republic of Lithuania for 3 years with a possibility to extend it. It is not necessary to work for 6 months before applying for a residence permit and it is not necessary to employ Lithuanian citizen.

More on https://www.bizbon.com/news/branch-company-registration-lithuania/

Need assistance. Questions please PM: [email protected]

Immigration Law News in Lithuania, 2017: A permit to reside in Lithuania when registering a company. If you are not a citizen of the European Union, you have your own company or business, which is also not registered in the European Union – in this case you can get a temporary residence permit for...

02/01/2018

Happy New Year to every one!

Set up your 2018 new goals with business immigration advisers BIZBON.
We provide GLOBAL business immigration services like: corporate immigration law and accounting services, company registration, residence permit, work permits and blue cards, visa assistance and other related services

For more information please visit our updated web site https://www.bizbon.com/immigration-lawyers/

A client looking for services fills out BIZBON’S enquiry form by describing what type of assistance is needed and in which country.