Local accounts for a business managed from abroad
A Lithuanian company's accounting still needs a clear local process when its owners or managers are abroad. We organise bookkeeping around the company's Lithuanian operations, supporting documents and agreed reporting needs.
This service is for Lithuanian companies with foreign owners. A foreign entity's activities or obligations in Lithuania may require a separate assessment; this page does not promise that every cross-border arrangement is covered.
UAB and MB accounting
The scope depends on the legal form and actual activity. For an existing UAB, tell us about the ownership and management arrangements relevant to the accounts. If your business is an MB, include information about member payments and the way it operates.
What the accounting scope can include
- Purchase and sales bookkeeping and bank transactions.
- Customer and supplier balances.
- VAT accounting and declarations where applicable.
- Payroll for employees.
- Annual financial statements.
- Accounting records needed for agreed management reporting.
Communication and remote document exchange
Send your initial enquiry in English. Before onboarding, agree the working language, the person responsible for answering accounting questions and the document delivery schedule. Provide contracts and explanations for transactions where an invoice alone does not describe the activity.
Documents and information can be exchanged remotely. You should still nominate someone who can obtain missing records and confirm business decisions; remote cooperation does not remove those responsibilities.
Onboarding an existing company
- Describe your Lithuanian company, activities and current accounting arrangements.
- Agree the scope, communication process and handover date.
- Arrange transfer of documents, balances, accounting exports and prior declarations.
- Identify missing records and upcoming accounting tasks.
- Begin regular document exchange and bookkeeping.
A proposal based on your operations
Tell us about overseas customers or suppliers, payment platforms, employees, VAT and monthly transaction volumes. These details affect the workload and the information required. See accounting prices and the accountant handover process.
Contact Buhalterija.com to discuss accounting for your Lithuanian company. Company formation, immigration services, legal representation and statutory audit are not offered by this page.