Lithuania plans to launch an e-residency scheme in January, which will allow foreign nationals to set up companies, open bank accounts, and declare taxes online.
“We hope that the e-residency will start operating in January as scheduled,” Loreta Tumalavičienė, representative of Lithuania’s Migration Department, told LRT English.
“The e-residency [scheme] is in its final stage of completion, it will be tested on the Migration Department’s IT systems and will start operating after we make sure it functions properly,” she said in a written comment.
Read more: Lithuania to accept driving license as ID, easing process to open bank account
In July 2019, the Lithuanian parliament passed a law on establishing an e-residency scheme similar to the one operating in Estonia since 2014.
The status of an e-resident provides a digital ID that can be used to access a range of administrative, public, and commercial services.
As of December 2020, the scheme in Estonia attracted some 75,000 people who opened almost 15,000 companies in six years, according to the country's public broadcaster ERR News.
Read more: Expats in Lithuania faced with Kafkaesque shuffles in Migration Department corridors
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