The Startup Visa in Lithuania refers to the Lithuanian Government’s recently approved immigration law. It serves to attract gifted and ambitious innovative startup founders from all around the world and help them set up and develop their startups in Lithuania.
About the Programme
The Startup Visa provides a streamlined entry process to the Lithuanian startup ecosystem for gifted and ambitious non-EU entrepreneurs who wish to establish a startup in Lithuania. Potential Startup Visa applicants are not subjects to minimum capital requirements or employment commitments if they wish to obtain a residence permit. Startup Lithuania assists Startup Visa applicants throughout the whole process, from the application submission and evaluation by the commission to ensuring a certificate from the Migration Department.
Successful and well-prepared startups obtain a temporary residence permit in Lithuania with the possibility to extend it for an additional year. After the first two years, startups must fulfil regular immigration requirements in order to remain in Lithuania.
- Online application submissions: This consists of three basic parts: personal information of each team member and a general review of the team; an overview of the startup idea and development strategy; and a two-year business plan that includes KPI’s. Uploading any additional information (CV, pitch deck or other related information) is a plus. You can submit your application online here.
- Online video interview: Applicants are expected to pitch their ideas to potential investors (2 to 5 minutes) and answer a series of simple questions about themselves, their teams, and how they plan to develop their ideas.
- Evaluation Committee: The application is sent to the evaluation committee made up of public and private sector members representing the key stakeholders of the startup ecosystem. All applicants are then informed of the evaluation committee’s final decision.
- Migration Department: Once approved, an official confirmation certificate from Enterprise Lithuania will be handed out, stating that the applicant’s business idea is suitable. A startup can then apply for a residence permit either at the Lithuanian embassy in their home country or submit the necessary documents directly to the Migration Department in Lithuania.
- Start a business. “Startup Lithuania” and other partners will help successful applicants set up in Lithuania since new businesses must be established in the first 30 days following its members’ arrival.
- An increasing number of startups secured visas in Lithuania and are on their way to establishing their businesses here. Many ideas from across the world have been positively evaluated by the commission
- There’s been a growth of applicants from the USA, China, Ukraine, Turkey, India, Belarus and South Korea, all of whom wish to take part in the programme.