Nomad Watch
Log in Join free

Economic Permanent Residence vs Lithuania Startup Visa

Residency program comparison: Bahamas and Lithuania. Income, fees, tax, duration, work rights and pathways.

Overview

Overview
BS Economic Permanent Residence LT Lithuania Startup Visa
Country Bahamas Lithuania
Program type Investor visa Startup
Status Active Active

At a glance

At a glance
BS Economic Permanent Residence LT Lithuania Startup Visa
Initial duration — 24 mo
Monthly income — $1,194 / mo
Application fee $200 $150
Tax regime Exempt Worldwide
Renewable No Yes

Financial requirements

Financial requirements
BS Economic Permanent Residence LT Lithuania Startup Visa
Monthly income — $1,194 / mo
Annual income — $14,325
Application fee $200 $150
Dependent fee $300 —

Duration and renewal

Duration and renewal
BS Economic Permanent Residence LT Lithuania Startup Visa
Initial duration — 24 months
Renewal duration — 24 months
Maximum total duration — 60 months
Renewable No Yes

Tax regime

Tax regime
BS Economic Permanent Residence LT Lithuania Startup Visa
Tax regime Exempt Worldwide
Tax rate 0% 20%
Tax regime name Zero Income Tax 20% flat personal income tax (15% below EUR 101k)
Foreign income taxed No Yes
Capital gains taxed No Yes

Work rights

Work rights
BS Economic Permanent Residence LT Lithuania Startup Visa
Employed work Yes No
Self-employed work Yes Yes
Own business Yes Yes
Work permit included Yes No

Requirements

Requirements
BS Economic Permanent Residence LT Lithuania Startup Visa
Criminal record check Required Required
Health check Required Not required
Degree Not required Not required
Professional experience Not required Not required
Language (for citizenship) Not required Required
Endorsement Not required Required

Family and dependents

Family and dependents
BS Economic Permanent Residence LT Lithuania Startup Visa
Dependents allowed Yes Yes
Spouse included Yes Yes
Maximum child age 18 18
Dependent parents No No

Pathways

Pathways
BS Economic Permanent Residence LT Lithuania Startup Visa
Path to permanent residency Yes Yes(5 yrs)
Path to citizenship Yes Yes(10 yrs)
Grants direct citizenship No No
Dual citizenship allowed Yes Yes

Benefits

Benefits
BS Economic Permanent Residence LT Lithuania Startup Visa
Schengen access No Yes
Open a bank account Yes Yes
Buy property Yes Yes
Public healthcare access No Yes
Health insurance Not required Required

Application

Application
BS Economic Permanent Residence LT Lithuania Startup Visa
Method In person Both
Processing time 56–70 days 30–60 days
Apply from abroad Yes Yes
Local representative Not required Not required