The obligation to register natural persons with the Register of Taxpayers was established following changes to the Money Laundering and Terrorist Financing Prevention and Financial Accounting Laws.
When announcing the start of their operations, service providers will confirm that they and their beneficiaries are familiar with the legal regulations governing the prevention of money laundering and terrorist financing and meet the necessary requirements.
Residents can submit a report by logging in to My VMI and selecting “Services” > “Other services” > “Report on the activities of a trust or company establishment, administration, real estate agent (broker), financial accounting, tax consulting service provider.” Detailed instructions are available on the VMI website.
It is important to note that the obligation to notify the start and end of the aforementioned activities within the specified terms applies not only to residents but also to companies. Companies must be informed of this obligation by the administrator of the Register of Legal Entities – “Registrų centras” LLC.
For tax-related consultations, please call +370 5 260 5060 or contact us via e-mail. Services and consultations in customer service departments are available by appointment only.