F.A.Q.

Where can I find an updated Information about COVID-19 in Lithuania?

The information about the current situation in Lithuania can be found here.

How can I get financial support?

Open calls from Lithuanian governmental organizations can be found here.

Many founders have concerns about raising funding during this current situation. Please find an open source initiative which has collected information from idea stage to series B investors on their investment activities and priorities. 

What measures will be taken to mitigate the effects of the coronavirus epidemic for businesses?

The Lithuanian Government has endorsed a 2.5-billion-euro economic stimulus plan to mitigate the effects of the coronavirus epidemic. The measures include subsidies to preserve jobs and tax delays. Read more.

Can my business expect tax benefits?

Entrepreneurs who have not found themselves in the list but who have also been affected by COVID-19, can apply to their tax authorities for assistance with their business by submitting a simplified application stating that they have been adversely affected. The above form can be submitted via Mano VMI (Services> Order Service> Inquiries) or by email: vmi@vmi.lt.

Simplified application form.  Multiple aid measures can be applied for in a single application without the need for separate applications.

More useful information: 

https://www.vmi.lt/cms/informacija-verslui-del-covid-19  
http://finmin.lrv.lt/lt/aktualus-valstybes-finansu-duomenys/finansiniai-ir-ekonominiai-sprendimai-del-covid-19  
https://www.vmi.lt/cms/informacija-apie-mokesciu-moketojus 

How to protect my business during coronavirus outbreak?

Read main regulations on remote work, work health & safety, data protection and employee privacy rules, force majeure and other actions in case of economic difficulties. Prepared by Sorainen business law firm.

I am searching for an employee where can I post a job ad?

Without traditional job ads pages, you can post it here.  It is free of charge.

How can I promote my service/products that can help businesses during COVID and get new clients?

If your startup can provide services or products that may help Lithuanian business register it here

How can I get force majeure certificate?

The Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys Chambers of Commerce, Industry and Crafts issue certificates of force majeure for circumstances that arose or existed in the territory of the Chamber. A certificate issued by the Chamber as an institution authorized by the State is formal written proof of greater value than any other means of proof. In the event of a situation of force majeure, the person is released from liability for failure to fulfill obligations. The concept of force majeure describes extraordinary circumstances that can’t be controlled and reasonably foreseen at the time of conclusion of the contract, and it is not possible to prevent these circumstances or the consequences that may arise. These circumstances may be caused by war, piracy, sabotage, natural disaster (for example, a storm, cyclone, earthquake, flood or fire), boycott, strike, lockout, etc. In the event of a force majeure, legal or illegal actions by public authorities and actions of individual officials may also be recognized.

Contacts of Lithuanian Chambers of Commerce, Industry and Crafts can be found here.

How can I stay informed?

Authorities will provide residents with the related information through the following hotlines and contacts.

 

Do You Have a Question?
Submit