by Adv. Dainius Ambrazaitis
on 27 April 2018
When discussing with my clients about the opportunities Lithuanian Citizenship would offer to them, I emphasize that holding Lithuanian (EU) Passport would significantly ease of business doing internationally.
Lithuania has grown to become a major business hub in Northern Europe. Due to its membership of the association of the Schengen States and the European Union, thousands of people in business are seen flocking into the nation whose economy is mainly dominated by its biotechnology and laser technology industries, as well as IT service centers and financial technology companies, international investment in innovative industry and production.
For a businessman, the Lithuanian passport offers a lot of benefits because it equals European Union passport, and a person who wants to reinstate Lithuanian Citizenship* has all the rights that people in European Union have.
Here are some of the main benefits Lithuanian Citizenship will bring you and your business:
Visa free or visa-on-arrival travel to 182 countries
Normally, to get a visa you have to travel to Cape Town or to Johannesburg, fill in piles of papers, pay fees, organize invitations from business partners, and wait for your visa, and that might cover only one business trip.
Whereas Lithuanian passport holders enjoy visa-free travel within the European Union, to certain non-EU European countries (including Iceland, Liechtenstein, Norway, and Switzerland) as well as the online visa regime for traveling to the United States, Canada, and Australia.
Lithuanian passport holders have the right to live and do business in more than 30 countries without limitation on the length of stay. These countries include Austria, Belgium, Estonia, France, Germany, Greece, Italy, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, Hungary, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom, Norway, Switzerland, Iceland, Lichtenstein.
Faster airport security on arrival
Holding Lithuanian passport you do not have to wait in a long queue for non-EU residents at the airports for your documents check. EU citizens go through a separate passport control line that only requires a scan of the biometrics in your passport. Most borders don’t even require seeing a boarder officer – you simply scan your passport at the biometric door and go through. This takes only a few seconds. The EU citizens only queue moves significantly faster than the non-EU one, saving you potentially hours on every trip.
Easier business deals
Aside from being part of the EU, Lithuania is a member of NATO and the Schengen agreement. If you are planning to expand your business and have a presence in countries, that are a part of the same agreement, a Lithuanian passport will simplify opening legal entities in said countries. This may also benefit you when going for government procurement contracts, as you will be a citizen of a trusted state.
Convenient access to your financial instruments insuring the utmost safety
Lithuania is in the Euro area thus all Lithuanian banks are under the European Central Bank supervision. Deposits in all Lithuanian banks are insured by the Lithuanian Republic with 0% capital tax.
All Lithuanian banks apply flexible and convenient ways of cooperation with their clients – one can open bank account in 15 minutes and enjoy the most modern online banking systems in the world.
I highly recommend to take advantage of the opportunities Lithuanian Citizenship has to offer. Holding Lithuanian (EU) passport will give substantial benefits to you and your business: visa-free or visa-on-arrival benefits to more than 150 countries, saving you time and money getting visas and going through borders, benefits when registering products in the EU and simplifying the opening of legal entities.
If you are looking into reinstating your Lithuanian Citizenship, contact me for an individual free of charge consultation. I will explain the process of actions in detail and my assistance in procedures for the reinstatement of Lithuanian Citizenship.
I assure you that no upfront payment is required and no payments in case application is not approved as we only charge upon successful application.
* If you or your ancestors were Lithuanian and had to flee the country between 1918 and 1940, you are entitled to reinstate your LTU citizenship, granted by the Lithuanian Government. This right gives you an opportunity to have a dual citizenship: one – South African and the other – Lithuanian.