What must actually exist or be demonstrated: business plan, company, innovation, clients, contracts, economic activity, job creation or other substance?
The company must have operated for at least six months before the application, in line with a business plan, carrying out the activities stated in its founding documents. The company must employ full-time staff who are Lithuanian citizens, citizens of another EU/EFTA state, or foreigners permanently resident in Lithuania, whose combined monthly wages equal at least twice the national average monthly gross wage. Documentation includes business plan, premises documents, up to ten agreements evidencing commercial activity, any required licences or permits, bank statements, invoices, cash orders, and accounting records. These claims come from a founder-authorized secondary snapshot and are not independently confirmed as complete current law.
See recorded sources
Limits of the record- This founder-authorized IMI record is secondary snapshot evidence and does not independently establish complete current law or every exception.
- program_overview
the company must already have carried out the activities described in its founding documents **for at least the last six months** before the application, in accordance with a business plan
- program_overview
the company must employ **full-time staff who are Lithuanian citizens, citizens of another EU/EFTA state, or foreigners permanently resident in Lithuania, whose combined monthly wages equal at least twice the national average monthly gross wage**
- how_to_qualify
Business plan; premises documents (e.g. lease); up to ten agreements evidencing commercial activity; any required licences or permits; bank statements, invoices and cash orders; and accounting records such as the ledger and transaction log