Temporary Residence Permit for Business (Laikinas leidimas gyventi verslo pagrindu)

The Temporary Residence Permit for Business is regulated by the Law on the Legal Status of Aliens, which establishes the criteria for non-EU/EEA entrepreneurs to reside in Lithuania while managing or participating in a local enterprise. This permit was created to encourage foreign investment and entrepreneurship by providing a clear, transparent legal route for business owners and executives to operate within the country. It fills the gap for international investors who need to be physically present in Lithuania to oversee their business operations, ensuring that such activities contribute to the national economy while maintaining strict compliance with corporate and tax regulations.

This permit is for entrepreneurs, company shareholders, and high-level executives who are actively involved in a Lithuanian-registered company. To qualify, the applicant must demonstrate that the company is genuinely operational, typically requiring at least six months of activity and a minimum equity capital of €28,000. It is distinctive because it requires proof of economic substance, ensuring that the business is not fictitious. This permit is ideal for those seeking to leverage Lithuania's strategic location and business-friendly environment to access the broader European Union market.