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Open a Bank Account in Lithuania
$1,350.00
Lithuania is an ideal banking location for companies incorporated in Estonia and neighbouring countries. Foreign companies incorporated in the EU and other high-income countries such as Singapore are eligible for an account.
Our banking connection offers a broad range of currencies, internet and mobile banking, trade finance, credit notes, among others. There are no minimum initial deposit or ongoing balance requirements.
Lithuania is part of the Single Euro Payments Area and provides International Bank Account Numbers (IBAN), meaning that businesses and individuals banking in Lithuania may enjoy low fees on transactions within the European Union.
All in all, Lithuania is an ideal option for foreign-owned EU and other onshore companies that wish to access EU banking services and do business within the EU.
We can help you open corporate accounts in Lithuania. Corporate Accounts are available for resident and non-resident companies. We invite you to carefully review the requirements and services to better understand if the banking services meet your needs.
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Lithuania Bank (Medicinos Bankas)
Account Details
| Eligibility | Local Companies International Companies* |
| Account type and Currency | Corporate Current Account (Multicurrency) |
| Minimum Initial Deposit | N/A** |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | N/A |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | N/A |
| Other Services | Trade Finance Term-Deposits |
Any non-resident companies have to show a connection to Lithuania. This means that the company should have Lithuanian partners to make or receive payments from, the beneficial owners should have a property in Lithuania or other connections and reason to have a bank account in Lithuania.
Non-resident companies in high-risk industries or in Marketing are not eligible.
*Companies incorporated in the following jurisdictions are not eligible: Anguilla, Antigua and Barbuda, Aruba, Azores, Bahamas, Bahrain, Barbados, Belize, Bermuda, Brunei, BVI, Dominica, Jersey, Djibouti, Ecuador, Guernsey, Gibraltar, Grenada, Guatemala, Hong Kong, Macau, Jamaica, USVI, Cayman Islands, Kenya, Curacao, Cook Islands, Lebanon, Liberia, Madeira, Maldives, Marshall Islands, Mauritius, Isle of Man, Namibia, New Caledonia, Nauru, New York, Palau, Panama, Samoa, Seychelles, Saint Pierre & Miquelon, Saint Kitts and Nevis, Saint Vincent & The Grenadines, Sint Marteen, St. Elena, Sky, Ascension and Tristan da Kuns Islands, Tahiti, Turks and Caicos, Tonga, Trinidad and Tobago, Uruguay, Vanuatu, Venezuela.
**There are no minimum deposit or ongoing balance requirements. However, the bank expects that the client makes at least 5-10 outgoing payments per month. A personal visit to Lithuania will be required to finalize the account opening.
- Business Account
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Account Details
Eligibility Local Companies
International Companies*Account type and Currency Corporate Current Account (Multicurrency) Minimum Initial Deposit N/A** Minimum Monthly Average Balance (To Avoid Fall-Below Fee) N/A Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) N/A Other Services Trade Finance
Term-DepositsAny non-resident companies have to show a connection to Lithuania. This means that the company should have Lithuanian partners to make or receive payments from, the beneficial owners should have a property in Lithuania or other connections and reason to have a bank account in Lithuania.
Non-resident companies in high-risk industries or in Marketing are not eligible.
*Companies incorporated in the following jurisdictions are not eligible: Anguilla, Antigua and Barbuda, Aruba, Azores, Bahamas, Bahrain, Barbados, Belize, Bermuda, Brunei, BVI, Dominica, Jersey, Djibouti, Ecuador, Guernsey, Gibraltar, Grenada, Guatemala, Hong Kong, Macau, Jamaica, USVI, Cayman Islands, Kenya, Curacao, Cook Islands, Lebanon, Liberia, Madeira, Maldives, Marshall Islands, Mauritius, Isle of Man, Namibia, New Caledonia, Nauru, New York, Palau, Panama, Samoa, Seychelles, Saint Pierre & Miquelon, Saint Kitts and Nevis, Saint Vincent & The Grenadines, Sint Marteen, St. Elena, Sky, Ascension and Tristan da Kuns Islands, Tahiti, Turks and Caicos, Tonga, Trinidad and Tobago, Uruguay, Vanuatu, Venezuela.
**There are no minimum deposit or ongoing balance requirements. However, the bank expects that the client makes at least 5-10 outgoing payments per month. A personal visit to Lithuania will be required to finalize the account opening.
Our banking support services include introductions to payment processors and merchant accounts to better support our e-commerce clients. Whether you just need standard credit card processing or specialized services for high-risk processing, we are happy to help you with introductions that can empower your business.
Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is guaranteed if the account is not successfully opened, but a 15% administrative fee applies.