Business licence renewal in Lithuania
Renewing a business license in Lithuania (verslo liudijimas) generally involves submitting an application to the State Tax Inspectorate (VMI) to continue your self-employment activity for the next tax period. The process focuses on confirming your intent to operate under the same conditions or making minor adjustments.
Most individuals typically apply for renewal before the end of the current license's validity period, often in December for the following calendar year, to ensure seamless continuation of their activity without interruption. While it's possible to renew closer to the expiry date, allowing ample time ensures the application is processed smoothly.
Start 30 days ahead
This allows for processing time and ensures the renewed license is active from the start of the next period, particularly for those renewing for a full calendar year.
The process
- 1Access the State Tax Inspectorate's Electronic Declaration System (EDS) or My VMI (Mano VMI) portal.
- 2Locate the section for 'business licenses' or 'individual activity permits'.
- 3Select the option to extend or renew your existing business license.
- 4Review the pre-filled application with your current activity details.
- 5Indicate the new period for which you wish to renew the license.
- 6Declare any changes, such as different activity codes or municipalities, if applicable.
- 7Submit the application electronically through the portal.
What to bring
- Access to your electronic banking or e-signature for logging into the My VMI portal.
- Details of your existing business license.
Who handles it
Valstybinė mokesčių inspekcija (State Tax Inspectorate - VMI)
The fee for a business license is determined by the municipal council where the activity is registered and can vary significantly based on the type of activity and municipality. It is advisable to check the specific fee applicable to your activity and municipality directly through the VMI portal or your municipal website.
What commonly goes wrong
- Ensure you renew before your current license expires to avoid any gaps in your legal right to conduct business.
- Verify the specific activity codes and municipalities listed on your renewed license to ensure they are accurate for your planned operations.
- Be aware that the fee for the business license is determined by the municipal council and may change annually.
- Familiarize yourself with any changes in tax laws or requirements for business license holders that might come into effect for the new period.
Sources
Other documents in Lithuania
Business licence renewal in other countries
Often renewed together
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