Measures for Ukrainian businesses and citizens wishing to establish themselves in Lithuania

“Startuok“ Loan Facility – interest rates lower by one-third

The Ministry of Economy and Innovation has prepared amendments to the "Startuok" loan facility, which allows Ukrainian citizens and businesses wishing to set up in our country to receive interest rates lower by one-third for business start-ups or working capital.

The “Startuok” Facility offers a loan of up to €3 million for a term of up to 10 years and a loan of up to €200,000 for working capital for a term of up to 3 years.

The loan is open to small and medium-sized enterprises that:

• have been in business for no more than three years from the date of registration of the company or individual activity;
• are carrying out social-impact projects and have been operating for no more than five years from the date of establishment or the date of registration of individual activity;
• are established in Lithuania as of February 24, 2022 at the earliest, and whose owner (or shareholder, member or joint owner) is a Ukrainian citizen with a Lithuanian residence permit or a Ukrainian legal entity, and has been operating for no more than five years from the date of registration of the company or individual activity;
• operates in Lithuania or another EU Member State;
• meets the minimum criteria of a reliable taxpayer;
• is not a company in bankruptcy, restructurisation or liquidation;
• is not a company that has been experiencing difficulties and has submitted to the Centre of Registers a set of financial statements for the last year.

Loans are administered and provided by "Investicijų ir verslo garantijos, UAB“ (INVEGA).

More information on the “Startuok” Facility can be found here.

Applications mayn be submitted by filling in the application form on the INVEGA's website.