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Lithuanian Entrepreneur Visa

What is the Lithuanian Entrepreneur visa?

If you belong from outside the European Union and intend to set up your own business in Lithuania by implementing a purely innovative and viable start-up idea, then you need to apply for the Lithuanian Entrepreneur visa in order to stay there while boosting your corporate career. It has been recently introduced by the Lithuanian government for promoting ingenious entrepreneurship ideas that would lead to prosperity of both the state and the entrepreneurs.

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    What are the eligibility criteria for Lithuanian Entrepreneur visa?

    There are certain requirements that you would need to fulfil certified under the Lithuanian immigration policy in order to successfully obtain your Lithuanian entrepreneur visa while the major qualifying requirements are as following:

    • The start-up organisation you intend to propose must be related to certain specified sectors including Information Technology (IT), Biotechnology, Nanotechnology, Electronics, Mechatronics, Laser technology.
    • You must be at least be a partner in the ownership of the proposed start-up organisation
    • You have to make an investment in Capital Funds worth € 28000 at least
    • The funds you invest should be held in one or more regulated financial organisations
    • Also, the money must be disposable in the Lithuania

    What is the stay duration permitted on the Lithuanian Entrepreneur programme?

    After having successfully applied for the Lithuanian start-up visa as well as temporary residence permit, you would be able to stay in Lithuania for the time span of 1 year that can be further extended to 2 years if needed. Moreover, you can apply for re-extension of your visa for further 2 years by getting the approval on the progress report of your start-up business and long-term business plan by the concerned authorities leading you towards permanent residence status or even Lithuanian citizenship.

    What are the benefits of Lithuanian Entrepreneur Programme?

    There are certain privileges you would get benefited from on the Lithuanian entrepreneur programme including:

    • The Lithuanian Entrepreneur Visa permits you to start a new business or same business that fulfils innovative standards in Lithuania
    • You would be able to become eligible for residence permit in Lithuania
    • There are no strict criteria implemented regarding any minimum number of employees’ to be designated in the proposed start-up organisation
    • The investment essential to obtain this visa is comparatively lower than the Investor visa
    • Your spouse or any dependent children may also accompany you in the Lithuania and would be free to attain certain preliminary facilities including free education, health services and employment opportunities
    • This Entrepreneur Visa is a potential route to Settlement or Permanent Residency in the Lithuania since you would become eligible for it after 5 years span

    How Chisty Law Chambers can Help You?

    • With a powerful team of dedicated professionals and trained counsellors, we are capable to meet the benchmarks set by the organisations while ensuring the provision of best services.
    • The highly committed and diligent immigration advisory team efficiently performs the whole corporate drafting and business plan development after having detailed assessment of clients’ circumstances.
    • We provide complete guidelines regarding the whole documentation requirement in addition to other criteria required for successful grant of Europe Visit visa.
    • We prepare our client’s case in a fully customised manner depending on the individual situation of the clients and truly facilitate our clients by giving the best possible solutions for any sort of problem in quickest way.
    • Our skilful immigration lawyers provide ultimate consultation to our clients from the beginning of application till the completion meanwhile keeping them updated with their application processing.
    • We duly complete the submission of our clients’ application and keep communicating with the immigration authorities until the successful results are accomplished.
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