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2019.07.16 18:00

Lithuanian parliament approves e-residency scheme for foreigners

BNS2019.07.16 18:00

The Lithuanian parliament passed on Tuesday a legal amendment that will allow foreigners to obtain the status of an e-resident starting in January 2021. 

E-residents will be able to set up companies, open bank accounts, and declare taxes online.

An eligible foreign applicant will receive a digital identity that will give them online access to a range of administrative, public, and commercial services.

E-residence applications will have to be submitted to the Migration Department.

Estonia launched a similar e-residency program in 2014.