Temporary account

1. Once you've chosen your legal form, use the Centre of Registers e-guide to prepare for setting up your new company.
2. Reserve your company name and complete the company registration application. You can do this electronically through the Centre of Registers self-service system if you meet their requirements or visit a selected branch of the Centre of Registers.
3. After logging into the Centre of Registers self-service system, submit an application to open a temporary account with Citadele Bank.
4. Once your application is received, Citadele Bank will contact you to provide additional documents. No service fee will be applied for opening a temporary account.
5. When the temporary account is opened, you will receive an electronically signed letter from the bank within three business days, containing your temporary account number.
6. Pay the share capital, and once Citadele Bank receives the funds, it will automatically inform the Centre of Registers.
7. Complete the company registration process in the Centre of Registers self-service system.
8. After establishing your company, convert your temporary account into a business current account remotely. No service fee will be applied for opening a current account.
9. If you become a Citadele Bank client by June 30, 2025, you can use any selected business service plan for free for 12 months. You can view all service plans and choose the one that best suits your needs here.

Important! To log in to the Centre of Registers and sign documents with the bank for opening a temporary account, you will need a qualified electronic signature. You can find the electronic signatures accepted by the Centre of Registers here, and at Citadele Bank, you can sign using Smart-ID or Mobile-ID.

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You can find out the NACE code which matches your economic activity here: Centrinė klasifikatorių duomenų bazė (CKDB) - Oficialiosios statistikos portalas

A Foundation Decision/Contract is a crucial aspect of founding a business. It should include the planned name, equity amount and how it will be paid, as well as the founders and board members. It includes information about the business and its operations. 
You can find out more or view document examples here: E-guide: Starting Business/Organisation | SE Centre of Registers.
 

Only newly-founded companies from the Republic of Lithuania which have a single founder who is a private individual can open a temporary account remotely.
 

Depending on how many applications we receive, we will review and give you an answer on your application wihin 1-3 business days. 
 

A temporary account for a business is a bank account which the business opens during its initial registration process. It is temporary and is opened before a business is founded. This account is necessary for paying in equity and completing the business registration process. It is not a current account, and it cannot be used for other incoming or outgoing payments apart from the equity payment.
 

When making the equity payment, write "Equity" as the payment purpose.