Support for small and medium-sized businesses in Lithuania
Get loan in Lithuania
If you have a company in Lithuania and Lithuanian residence permit, you can get a loan in the bank or get property in leasing. Leasing for small and medium businesses are the most widespread during the last years.
European Investment Fund (EIF) and the branch “UniCreditLeasing” in Lithuania signed the guarantee agreement, carried out on the initiative of JEREMIE. Its purpose is to provide leasing opportunities for small and medium-sized businesses.
According to the contract “UniCredit Leasing Lietuva” it is planned to sign a new agreement on leasing with small and medium-sized enterprises on the amount of 30 million Euro. lits (8.7 million. Euro). Decision to grant lease with the guarantee office administration will be taken immediately after the signing of the contract and the term of the object leasing will be 3 years.
2012 also marked the beginning of the “Portfolio of leasing guarantees” (up to 1.87 million. euro per one company).
Business Loans
For successful start and development of the company in Lithuania, the alien has the right to get bank loan on favorable conditions. It should be admited that in order to get small loan in Lithuania it is sufficient to refer to the bank with a brief statement about the desire to take the credit.
The main requirements from the bank side are the guarantees such as:
- Real estate or other form of property
- Securities
- Guarantees from third parties
- Rights of the requirements
- etc.
Micro loan can be granted both for production and commerce. The purpose of funds is not an important factor: the loans are given for working capital and for investment projects as well.
Residence permit and loan in Lithuania
Residence permit and loans in Lithuania
Currency of loans is Euro. The bank may provide such loans with the amount from 1500 to 30000 Euro, but 20 % of the investment business owner should make by himself/herself and the bank pays up to 80 % of the project.
Such public organizations as “Insurance of Lithuanian export” LLC , “Investment and Business Guarantees”, “Lithuanian insurance”, “Fund of loan guarantee for agriculture” LLC and other also deal with micro loans.
Some banks (eg, Bank of Siauliai) propose “Minicredit”services. The loan amount is from 30 000 to 125 000 Euro, and could be provided for maximum 4 years period.
Thus, foreigner in Lithuania has all necessary conditions for starting and running business in Lithuania, including the ability to buy property on lease and get bank loan for the development of its company. In addition, he/she has the right to get residence permit in Lithuania on the basis of the company set up and become EU citizen, can travel and do business in Europe without any obstacles or restrictions.
Our company offers immigration services to Europe, specializing in business immigration (Business Investor Residence Permit) and work immigration services. We also provide accounting services and assist with limited company (Ltd) registration. With the assistance of EUROMIG consultants, you can purchase ready-made new limited companies (shelf companies), buy or sell companies or active businesses, and acquire ready-made businesses, among other services.
If you are interested in our services, including company registration, purchasing a company, obtaining a residence permit, or any other related inquiries, please use these links company registration in the European Union, purchasing a company, obtaining a residence permit, for any other inquiries, please:
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