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Doing Business Guide in the Baltics.
20.10.2015
The government has approved the proposal submitted by the Ministry of Social Security and Labour to increase minimum wage following July 1, 2015. The new monthly minimum wage...
03.09.2015
Every product has its own features such as lines, contours, colors, shape, texture and materials used, or its ornamentation. The design of a product is very important and can be protected by registering it as a...
05.08.2015
Protecting EU market from counterfeit products is a constant struggle. For this reason, new systems to protect intellectual property right holders are...
14.07.2015
Registering your invention seems like a long and complicated process. Taken into account the administrative burden and patenting costs, inventors often ask “is it really worth it”?...
15.04.2015
Commission of European Union released 18 March 2015 new tax transparency package. The package is aimed to put down tax avoidance and transfer pricing arrangements...
19.01.2015
Brokerage services are usually defined as buying and selling of financial securities (or financial instruments) which include research and advice for the clients of a brokerage firm. Not to be confused with investment...
03.12.2014
Following January 1, 2015 all the companies registered in Lithuania are imposed with obligation to change their share capital as the country...
06.11.2014
Successful business model or brand may be leased to another party for limited amount of time, this practice is regarded as franchising. For lessor, otherwise known as franchiser, franchising opens an opportunity to increase the notoriety of...
23.09.2014
As businesses grow internationally and companies are trying to offer their products worldwide, contracts of distribution become a valuable tool. With these contracts producers or suppliers can...
16.09.2014
Following the European Union decision, Lithuania will become the 19thMember of Eurozone from 1stof January 2015. Official currency exchange rate set by the...
01.09.2014
The Law on Tax Administration, originally adopted in 13 April 2004, sets out the general taxation principles in Lithuania. This law sets basic concepts and regulations which must be observed in...
28.08.2014
European Union has not been a big player regarding taxation within member states. EU has considered that taxation is something the states should be complying with by themselves. The...
20.06.2014
Lithuanian government has submitted Tax administration law amendment which increase control powers granted to Lithuanian tax authority. After negotiations Parliament budget...
19.02.2014
Price fixing generally is understood as the restriction of the buyer's ability to determine its sale price. However not every commercial practice suggesting RRP or setting maximum...
26.11.2013
Lithuanian Seimas enacts amendments to Personal income tax (PIT) law. Among the welcome improvements is lowering of PIT for most common transactions. Since 2014, dividends and royalties to management and...
07.06.2013
Lithuanian law on tax administration introduced a new requirement which is significant to investors doing Business in Lithuania. Article 421of law on tax...
15.01.2013
After several decades of constant debates concerning the development of European Patent System on 11th December 2012 finally European Parliament adopted the...
29.11.2012
On 7th November 2012 during the meeting of Lithuanian government the Fifth Business Improvement Report was presented, observing the upcoming results of...
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For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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