How to Open a Business Bank Account in Lithuania in 2026

A Lithuania business bank account gives your UAB a euro IBAN for SEPA payments across the EU and deposits protected up to €100,000 per bank. A new UAB needs a bank even before registration, because the founders pay at least €1,000 of share capital into an accumulative account first.

The operating account is the hard part for foreign owners. SEB asks every company for a connection with Lithuania, and the big banks charge €300 to €1,000 in check or opening fees when the company or its owners are foreign, before they decide. Non-residents then pay €50 to €60 a month extra, and a review can take up to 3 months.

This is where we come in. We work with regulated partners who open euro and multi-currency accounts for Lithuanian and foreign companies in about 4 days, remotely and with no opening fee. We handle the file: the register extract, the JANGIS ownership entry, your KYC pack and the source of funds. Send us your details, and we get it done.

Our top-rated, licensed banking providers open euro and multi-currency accounts for Lithuanian UABs and foreign companies in about 4 days, with no branch visit and no opening fee.

Lithuania Business Bank Account for Non-Residents

A Lithuania business bank account for non-residents is possible, but local banks price and review foreign files differently. Expect a link-to-Lithuania test, a paid document check before any decision, a monthly surcharge and a review measured in weeks. A complete, translated file gets through.

Lithuanian Banks Want a Link to Lithuania

SEB states it plainly on its onboarding page: the main condition for opening a current account is that your company has a connection with Lithuania. A company registered abroad must add documents that justify its economic need for banking in Lithuania, such as contracts with Lithuanian business partners. SEB takes these files by email at a dedicated non-resident address and says document verification may take up to 3 months. For a UAB with a foreign founder, the owner's country still drives the fees.

Fees Before the Bank Even Decides

Every large Lithuanian bank now charges for checking a file with foreign owners, and the fee is paid first. Swedbank's price list, in force since 3 May 2026, charges €300 for companies registered outside Lithuania and for Lithuanian companies with a non-resident owner or beneficial owner, and says the fee is not refunded whatever the bank decides. SEB charges €700 for data verification on the same kind of file, again before its decision. Artea charges €400 and Luminor €500 for a Lithuanian company with a non-EU shareholder holding 25% or more. Paying the fee buys a review, not an account.

Open a Lithuania Business Bank Account From Abroad

To open a Lithuania business bank account from abroad, the director usually needs a Lithuanian e-signature or a trip to Vilnius. SEB's online business opening is only for legal representatives who are citizens or residents, who already bank with SEB privately, who hold a qualified electronic signature and whose company and owners are all in the same country. Everyone else books a branch or video meeting. A foreign company sends its documents translated into Lithuanian, signed by the translator with the signature certified by a Lithuanian notary, and legalised or apostilled. Our guide to opening a business bank account remotely explains the route that skips all of this.

High Risk Sectors and Foreign Owners Pay More

Lithuanian banks list the activities they treat as high risk, and the list is long. Swedbank adds its €300 check and a fee from €50 a month for casinos and betting, lotteries, currency exchange, payment and e-money institutions, crowdfunding and peer-to-peer lending platforms, arms and some mining. Luminor adds €30 a month for its listed sectors. Swedbank's monthly surcharge also hits companies whose owners sit outside the EU or EEA, and its price list does not count Cyprus, Malta or Liechtenstein as EU or EEA for this fee. A European holding company in one of those three can trigger it. Crypto and Web3 companies and payment firms should plan for this from the start.

A Refusal Follows You

A refusal costs more than the check fee, because each new application asks whether another bank has declined you. The Bank of Lithuania says payment service providers may refuse an account where the anti-money laundering law requires it, and must give the reasons unless the law forbids it. The EU right to a basic payment account covers consumers, not companies, so there is no forced route for a UAB. Ask for the reasons in writing and fix that part of the file first.

Read more: Business bank account for non-residents and why banks reject business account applications.

Best Bank for Business in Lithuania

The best bank for business in Lithuania depends on who owns the company. For a Lithuania corporate bank account with a resident owner, monthly fees run from €3 to about €80 and opening is free. For foreign owners, the same banks add €300 to €1,000 in check or opening fees and €50 to €60 a month, so the cheapest bank on paper is rarely the cheapest in practice.

On the monthly fee alone, a Lithuanian corporate bank account is cheap, and for a resident with a simple UAB it is often the cheapest choice. For a foreign owner, the real price is the paid review, the monthly surcharge and the fees on every payment that leaves the SEPA area. Artea is the bank formerly called Šiaulių bankas, and Citadele serves Lithuania as a branch of the Latvian AS Citadele banka.

Low Monthly Fees, Large Non-Resident Surcharges

SEB's price list, in force since 1 July 2026, sets a minimum bank service fee of €4.30 a month and a minimum of €50 a month for non-residents, and treats any company registered outside Lithuania as a non-resident. Luminor's business price list, valid from 1 February 2026, charges €4 a month for the account, then €60 a month more for non-residents registered in or outside the EEA and for Lithuanian companies with a direct shareholder outside the EEA.

Payments Outside SEPA Cost €13 or More

SEPA transfers in euros are cheap, at €0.33 to €0.41 each online. Everything else costs more. A standard payment outside SEPA with shared charges (SHA) costs €13 online at Swedbank, SEB and Luminor and €18 at Citadele. Paying all charges (OUR) costs €22 at Luminor, €24 at SEB and €28 at Swedbank, plus other banks' charges. Incoming foreign currency payments cost €5.79 at Swedbank, €10 at Luminor and Citadele and €10.14 at SEB. Payments to or from high risk countries cost about €20 to €30 more.

Currency Conversion at the Bank's Own Rate

Lithuanian banks convert payments on a corporate bank account in Lithuania at their own daily rates and do not publish a fixed margin for business conversions. Their card conversion fees show the level: 2.45% at Swedbank, 2.65% at SEB and 2.75% at Citadele on top of the Mastercard rate. For a company that buys in US dollars or pounds, a multi-currency business account that holds the invoice currency and shows the rate first is usually cheaper.

Read more: Best banks for European companies and how to open a business bank account in Estonia.

A Faster and Cheaper Way to Open a Lithuania Business Account

The faster way to open a Lithuania business account is through our regulated partners. They are regulated e-money and payment institutions: one is licensed by the Malta Financial Services Authority, and the other is authorised by the UK Financial Conduct Authority and has an e-money institution in Luxembourg authorised by the CSSF. They open euro and multi-currency accounts in about 4 days, fully online, with no opening fee, no Lithuanian e-signature and no branch visit.

We prepare the file before the partner sees it: the extract from the Register of Legal Entities, the articles, the JADIS shareholder data and the JANGIS beneficial owner entry, the directors' passports, a plain description of the business and a written source of funds. Client money is safeguarded in segregated accounts, separate from the partner's own funds, rather than covered by the deposit guarantee.

Lithuania licenses a large number of e-money institutions, so Lithuanian businesses know the model well. Under Article 9 of the SEPA Regulation (EU) No 260/2012, a payer or payee may not require your euro account to be in a particular EU member state. An EU IBAN from our partners works for Lithuanian clients, suppliers and the tax authority, and since 9 October 2025 every euro area payment provider checks the payee name before a transfer. Our guide to a business bank account in Europe covers the wider EU picture.

For a UAB with foreign owners, or any company that pays across borders, our partners are faster and cheaper. A Lithuanian bank still wins on the monthly fee for a resident with a simple company that pays only in euros. Our partners do not lend, take cash or pay interest, so a company that needs a loan or a cash desk keeps a Lithuanian bank too. Read about business bank account vs EMI account for the full trade-off.

Lithuania Corporate Bank Account for Foreign Companies

A foreign company that sells into Lithuania does not need a Lithuanian corporate bank account to receive euros from Lithuanian clients. A Polish, Latvian or Cypriot company, an import and export trading business or an online shop settling card income through international payment gateways can use an EU IBAN in its own name. Our partners open the account on the company's home documents with an EU IBAN, in about 4 days.

How to Open a Business Bank Account in Lithuania With Us

With us, it takes three steps. You send us your company details in the form. We build the file and submit it to the partner that fits your company and owners. Each director verifies their identity online, which takes minutes. We answer the partner's questions and tell you when the account is live, in about 4 days.

Documents to Open a Business Bank Account in Lithuania

The documents to open a business bank account in Lithuania prove three things: the company exists, the people behind it are who they say, and the money is clean. Lithuanian banks check the company in the Register of Legal Entities, the owners in JADIS and JANGIS, and every director from an official photo ID.

Company Documents

For a Lithuanian UAB, SEB asks for the Centre of Registers access code for an electronic certified extract, or an extended extract issued in the last 3 months, the articles of association, a legal entity questionnaire and an ownership chart. Shareholder data held in JADIS, the Centre of Registers system that every UAB must update, does not need to be sent again. A foreign company adds its home register extract and articles, translated into Lithuanian, notarised and apostilled, plus evidence of business in Lithuania.

Directors and Beneficial Owners

Every director and every owner holding 25% or more provides a passport or ID card and proof of address. The ownership chart shows each layer with names, registration numbers or dates of birth, countries and percentages. Lithuanian companies also file their beneficial owners in JANGIS, the beneficial ownership part of JADIS. The bank compares the two, so a gap between JANGIS and your chart stops the review early.

Business Profile and Source of Funds

Banks want to know what the company does, who its customers and suppliers are, which countries the money comes from and goes to, and the monthly volumes you expect. SEB says it may ask for account statements, documents proving the origin of funds and group structure details. Our guide to the documents needed to open a business bank account covers the general list.

This is the checklist we work from:

• Register extract: electronic certified extract or an extended one under 3 months old.
• Articles of association: as registered, with the incorporation agreement or deed.
• JADIS and JANGIS data: shareholders and beneficial owners up to date.
• Director and owner IDs: passport or ID card, plus proof of address.
• Ownership chart: every layer at 25% or more, with percentages.
• Source of funds: a written note with statements or contracts.
• Business description: activity, customers, countries and expected volumes.

Read more: A European business bank account for non-residents.

Lithuania Business Bank Account Costs

A Lithuania business bank account costs €3 to about €80 a month for a resident company. A foreign-owned one adds €300 to €1,000 in check or opening fees and €50 to €60 a month. Payments outside SEPA cost €13 to €28 each. Our partners open free and charge from €9.99 to €100 a month on published plans.

The markup sits in the fees around the account, not in the monthly price. Take a UAB with a direct shareholder outside the EEA that banks with Luminor and makes 10 SHA payments and receives 10 foreign payments a month. The €500 shareholder check and 12 months at €4 plus the €60 surcharge cost €1,268 in year one. The payments add €1,560 out and €1,200 in, so the total passes €4,000 before any currency margin. On a €25 plan with payments from €5 each way, the same activity costs from about €1,500.

For a Lithuanian resident with a local owner who pays only in euros, a Lithuanian bank is usually cheaper: Artea at €3 a month or Luminor at €4 is hard to beat. For a foreign-owned company that pays across borders, our partners usually cost less. All figures are planning ranges from the banks' own published price lists, and we confirm your price in writing before you apply.

Read more: EU multi-currency business account and business bank account in Latvia.

How Long Opening a Lithuania Business Account Takes

Opening a Lithuania business account takes about 20 minutes online for a resident SEB client, and up to 10 working days once all documents are in for most Lithuanian companies. A company registered abroad can wait up to 3 months at SEB. With our partners, the account opens in about 4 days once the file is ready.

The steps before the account are the same on both routes. The difference is the paid, slower review of a foreign file at a Lithuanian bank.

What Slows It Down

The usual delays are foreign documents without a Lithuanian translation or apostille, documents older than 3 months, a JANGIS entry that does not match the shareholder list, a holding company with no documents for its own owners, and a source of funds with no evidence. Each one adds a round of questions.

How to Speed It Up

Update JADIS and JANGIS as soon as the company is registered. Collect every document in one round, translate and certify foreign papers before you apply, and answer the provider's questions the same day. Apply to one provider that takes your owners' countries rather than to several banks at once. Each extra bank means another fee paid up front.

Read more: Open a business bank account in Germany and Poland business bank account.

What Happens After the Account Is Open

After the account opens, move the share capital in from the accumulative account, add your users and share the IBAN with clients, suppliers and the tax authority. Banks and partners review clients again over time, so keep the company in good order.

Lithuania's standard corporate income tax rate is 17% from 1 January 2026, according to PwC's Worldwide Tax Summaries reviewed on 1 October 2026. Small companies that meet the conditions can apply 0% or 7%, with 0% for the first two years for those with gross revenue under €300,000. File returns on time and register for VAT where it applies.

Update JANGIS within 10 calendar days of any change in beneficial owners, and tell your provider about new owners, directors or activities before the payments change. From 10 July 2027, the EU Anti-Money Laundering Regulation (EU) 2024/1624 applies one rulebook to every bank and payment institution, so expect the same questions in every EU country. Cash that builds up above €100,000 is worth planning with treasury management. The same clean file makes a second account quick, whether in Luxembourg, Ireland, Malta or Cyprus.

Why the Company Comes Before the Account

A bank cannot open an operating account for a company that does not exist yet. A Lithuanian UAB needs at least €1,000 of authorised capital, which the founders pay into an accumulative account before registration. SEB opens these accounts through the Centre of Registers or at a branch, in euros only. Under Article 8(4) of the Law on Companies, the money can only be used once the company is registered in the Register of Legal Entities, and then it moves to an account at a credit or e-money institution. That means the operating account can sit with our partners from day one. If you have not set up yet, see how to set up a company as a non-resident or the cheapest country to form a company in Europe.

Common Lithuania Business Bank Account Mistakes

Most problems with a Lithuania business bank account come from applying to the wrong bank with an incomplete file. These are the mistakes we see most often, with what they cost, and each one is easy to avoid.

Applying to Several Banks at Once

Founders with foreign owners often apply to three Lithuanian banks at once to improve their odds, which is expensive here. Swedbank charges €300, Artea €400 and SEB €700 to check the file, each paid before the decision, and Swedbank and Artea say the fee is not refunded if the account is not opened. Three applications cost €1,400 before a single account exists, and a refusal at one bank then shows up in the questions at the next. Pick one provider that takes your owners' countries, build the file once and apply once.

Sending Foreign Documents Without Translation

A foreign parent company often sends its register extract and articles in English, unapostilled, or older than 3 months. SEB's rules for foreign companies ask for documents translated into Lithuanian, with the translator's signature certified by a Lithuanian notary, legalised or apostilled, and issued within the last 3 months. A file that fails these rules goes back to the start of a review that can already take up to 3 months, and the notary and translation costs come twice.

Forgetting the JANGIS Update

Owners change, and the JANGIS entry often does not. The law gives 10 calendar days to report a change in beneficial owners, and Deloitte Legal Lithuania notes fines of €500 to €2,400 for the company and €2,100 to €6,000 for its head on a first breach. Banks compare JANGIS with your ownership chart, and Swedbank and SEB charge their check fee again when a new foreign owner joins. File the change on time and tell your provider before the new owner's money moves through the account.

Bottom Line

A business bank account in Lithuania is cheap and quick for a resident with a local owner, and slow and costly for most foreign owners. Banks charge €3 to €80 a month, but foreign-owned files pay €300 to €1,000 in check or opening fees, €50 to €60 a month extra and €13 or more for every payment outside SEPA.

For a UAB with owners abroad, or a foreign company selling into Lithuania, the faster route is a regulated partner with an EU IBAN that works across SEPA. Keep a Lithuanian institution for the accumulative account and for loans or cash. With a complete file, you can open a business bank account in Lithuania in about 4 days, without a branch visit.

Sources

• SEB Lithuania, The main fees and charges for business customers, effective 1 July 2026
• SEB Lithuania, Become a business customer: documents and requirements
• Swedbank Lithuania, Banko paslaugų ir operacijų įkainiai, effective 3 May 2026
• Luminor Lithuania, Business price list, account management, valid from 1 February 2026
• Luminor Lithuania, Business price list, outgoing payments in other currencies
• Artea, Account fees for business
• Citadele, Schedule of fees and charges for corporate clients, residents of Lithuania, effective 1 August 2026
• Bank of Lithuania, Electronic money institutions
• Bank of Lithuania, Can a payment service provider refuse to open a payment account
• Deposit and Investment Insurance, Deposit insurance
• Innovation Agency Lithuania, Private limited liability company (UAB)
• Deloitte Legal Lithuania, Disclosure of beneficial ownership (JANGIS)
• PwC Worldwide Tax Summaries, Lithuania corporate taxes on income, reviewed 1 October 2026
• Regulation (EU) No 260/2012 (SEPA Regulation), EUR-Lex
• Regulation (EU) 2024/1624 (Anti-Money Laundering Regulation), EUR-Lex