Business Accounting Lithuania
Business Accounting in Lithuania – Accurate, Compliant, and Strategic Support for Every Company
Running a business in Lithuania—whether local or international—comes with a long list of responsibilities. Among the most critical? Keeping your finances in perfect order. That’s where expert business accounting services become your most valuable investment.
At UAB “AM Law”, we provide comprehensive business accounting in Lithuania that goes far beyond balancing books. Our experienced accountants and legal advisors combine precision, compliance, and forward-thinking strategies to help your company operate smoothly and grow confidently.
Why Business Accounting Is Essential in Lithuania
In Lithuania, accounting isn’t just a legal obligation—it’s the financial engine of your business. Good accounting gives you clarity, prevents costly mistakes, and positions your company for long-term success.
Here’s why you need expert business accounting services:
- ✅ Full compliance with Lithuanian tax laws and EU regulations
- ✅ Accurate financial records for better decision-making
- ✅ Clear insights into profit, expenses, and cash flow
- ✅ Smooth payroll and social contributions management
- ✅ On-time tax filings to avoid penalties
Whether you’re a startup or a multinational firm, our business accounting solutions help you stay on track and ahead of the game.
Who We Serve
Our business accounting services are designed for a wide range of clients, including:
- Lithuanian-based companies and LLCs (UABs)
- Foreign investors with local branches or subsidiaries
- Startups, SMEs, and freelancers
- E-commerce businesses and IT service providers
- Real estate developers and holding structures
- Non-profits, NGOs, and foundations
If you operate in Lithuania, we can tailor our services to meet your industry and business model.
Full-Service Business Accounting – What We Offer
We handle every aspect of your business’s financial life so you don’t have to worry about compliance or missing deadlines.
✅ Bookkeeping and Record Management
We accurately record all financial transactions—sales, purchases, payments, and receipts—according to Lithuanian law.
✅ VAT Calculation and Filing
We register your business for VAT (if required), calculate your VAT liability, and file monthly or quarterly declarations with the State Tax Inspectorate (VMI).
✅ Payroll and Employment Taxes
We manage salary calculations, deductions, sick pay, vacation pay, and Sodra (social insurance) contributions—keeping your workforce paid and protected.
✅ Financial Statement Preparation
We prepare mandatory annual reports including the balance sheet, profit & loss statement, and cash flow summary to meet regulatory and investor requirements.
✅ Corporate Income Tax (CIT) Reporting
We ensure your CIT declarations are submitted on time, with strategic planning to reduce your tax burden where legally possible.
✅ Expense Tracking and Cost Optimization
We categorize your business expenses, monitor costs, and provide insights on where you can save or reinvest wisely.
✅ Internal Controls and Audit Support
We set up internal accounting systems and support your team during audits or inspections—ensuring zero stress and full transparency.
Compliant with Lithuanian and EU Accounting Standards
Lithuania follows strict financial regulations, and non-compliance can lead to fines or suspension of your business activity. We ensure your business accounting complies with:
- The Law on Accounting of the Republic of Lithuania
- Corporate Income Tax and VAT regulations
- Sodra and labor laws
- EU directives for cross-border operations
Whether you’re a local entrepreneur or an international firm, we help you meet every requirement—accurately and on time.
Integrated Legal and Financial Expertise
At AM Law, we’re more than just accountants. As a multidisciplinary firm, we provide integrated business support including:
- Legal advice on company formation and structuring
- Drafting of contracts and employment agreements
- Tax optimization and corporate governance strategy
- Assistance with mergers, acquisitions, or liquidations
- Representation before tax authorities and courts
This powerful combination of accounting and legal knowledge allows us to deliver seamless, end-to-end support for your business.
Cloud-Based Accounting for Modern Businesses
We use secure, cloud-based platforms that allow our clients to access their financial data in real-time—anywhere, anytime.
Benefits of digital-first business accounting:
- Fast document exchange and approvals
- Real-time reporting and dashboards
- Automated invoicing and reminders
- Seamless integration with systems like Xero, Finvalda, and QuickBooks
- GDPR-compliant data storage and backups
No paperwork. No waiting. Just efficient, modern accounting that matches your pace of business.
Flexible Accounting Packages – Built Around Your Business
We offer customized service packages based on your company size, industry, and accounting complexity.
🟢 Startup Essentials
For new businesses: simple bookkeeping, VAT registration, payroll setup, and monthly reporting.
🔵 SME Growth Package
For scaling businesses: full bookkeeping, tax declarations, payroll, financial reporting, and tax advisory.
🔴 Corporate Pro
For established companies: advanced financial management, budgeting, investor reporting, audit support, and legal coordination.
Each package includes a dedicated accountant and full customer support—with transparent, fair pricing and no hidden fees.
Our Process – Efficient, Transparent, and Hassle-Free
We simplify the onboarding process and maintain continuous communication to keep you informed and in control.
Step 1: Consultation & Needs Assessment
We learn about your business operations, goals, and compliance requirements.
Step 2: Tailored Proposal
We prepare a detailed offer outlining your scope of services and cost.
Step 3: System Setup & Onboarding
We establish your accounting system and begin regular service delivery.
Step 4: Monthly and Annual Services
We take care of everything—bookkeeping, taxes, payroll, and reporting—so you never miss a deadline.
Step 5: Year-End Summary and Advisory
We provide full-year reports and advise you on growth, restructuring, or tax strategy.
Why Businesses Choose AM Law for Business Accounting in Lithuania
✔ Licensed Experts
Our team consists of certified accountants and legal professionals who stay updated with Lithuania’s latest financial laws.
✔ One-Stop Business Support
Get accounting, legal, and compliance services under one roof—saving time and money.
✔ Local Knowledge, Global Vision
We understand the local market while aligning your business with international best practices.
✔ Personalized Approach
Each client gets a dedicated point of contact who understands your business and speaks your language—English, Lithuanian, or Russian.
✔ Transparent Pricing
No hidden charges. No unexpected bills. Just simple, straightforward pricing and clear communication.
Frequently Asked Questions (FAQ)
Q: Is accounting mandatory for small businesses in Lithuania?
A: Yes. All registered companies are legally required to maintain accurate books, regardless of size.
Q: Can I handle accounting myself using software?
A: You can—but without understanding Lithuanian laws and tax deadlines, it’s risky. Most companies outsource to professionals for accuracy and compliance.
Q: How often are VAT and tax filings due?
A: VAT is typically filed monthly or quarterly. CIT and annual financial statements are submitted yearly. We manage all your deadlines.
Q: Can you assist with international operations or reporting?
A: Yes! We have experience in cross-border accounting, consolidation, and compliance with EU standards.
Let’s Build a Financially Sound Business Together
Accurate accounting is more than a legal requirement—it’s the cornerstone of your company’s success. With AM Law’s expert business accounting services in Lithuania, you’ll enjoy clarity, confidence, and continuous support.
Citizenship of Lithuania
Citizenship
- Acquisition of citizenship of the Republic of Lithuania by virtue of birth.
- Restoration of citizenship of the Republic of Lithuania.
- Oath of Allegiance to the Republic of Lithuania.
- Naturalisation.
- By way of exception.
- Simplified procedure.
Right to reinstate citizenship of the Republic of Lithuania to persons who had citizenship of the Republic of Lithuania and until 15 June 1940 and their descendants who have not acquired citizenship of the Republic of Lithuania before 2011-04-01.
We could help you to get citizenship in Lithaunia.
For jobseekers:
We are searching employees from Europe who would want to work in Lithaunian companies.
For employers:
We are dealing with recruitment companies all over the world and can suggest a variety of employees.