Accounting principles that determines accounting services in Lithuania
Fri, 04.04.2014.
The accounting Law set general principles and rules of accounting of funds, fairness, liabilities as well as the effect and results of business and commercial performance. According to law, accounting/bookkeeping information and data must follow with the criteria of objectivity and comparability, must be timely, comprehensive and useful for interior and exterior users.
The accounting system of a company depends on the legal form/shape, size, sort of implemented business activities and form of property of subject. Joint-stock companies are claimed to follow a double-entry system. Especially, the business subjects are allowed to set the type of internal accounting system at their own discretion when provides accounting services in Lithuania. All fiscal activity transactions must be affirmed by documents. Accounting records must be prepared in the official Lithuanian language and, if necessary, in a foreign language (English, German, Russian and etc.) as well.
Preparation of accounts is the responsibility of the financial head of a company. The Accounting Law authorize subcontracting the arrangement of accounts to an enterprise providing accounting services in Lithuania. Calculations must be performed in Litas (LTL), the currency of the Republic of Lithuania.
Money-back guarantee
Long-term experience accumulated our experts are fully responsible for their quality of work and results. Good relationship with the Department of Immigration, Tax Inspectorate, the Social Insurance Inspectorate, Centre of Registers and other state and non-state institutions helps to ensure the highest quality services.
We do not operate in automatic machine principle and look deeper into the needs of each client. Whether it is business acquisitions, advice on migration, finance, accounting, or other issues - this is a unique process.
Only in this way we can ensure the highest quality services. Therefore, we provide our clients 100% money back guarantee if due to our fault you do not receive a temporary residence permit. We also guarantee that the company You will purchase has no debts or other liabilities. Our accounting services are insured, so if fees are wrong calculated, we or our insurance company will cover all losses.
RESIDENCE PERMIT
Process time for a temporary residence permit for each country depends on that country's laws. Usually it takes 2-6 months. If you have additional questions, the Migration Department may extend length of the proceeding up to 3 months. The answer may be a negative if the client:
- Was deported;
- Punished for crime;
- Has records in the police department;
- Other negative entries of personal biography;
- The information about the client is false, untrue;
- Going to false immigration.
If it turns out that the negative response to the temporary residence permit is due to one of these reasons, we will not return your money.
If the client has a clean biography and correct data about him/her, but due to our fault do not receive a temporary residence permit, in this case within 30 days we will return 100% of his/her money and will not ask for any compensation concerning experienced costs.
Business acquisitions and start-up
All of our sales companies do not have any debts or obligations. If you buy a new company (without any history), the company has absolutely no bookkeeping records. If you are going to buy an existing company with a history of activity, in this case you will provide the company financial reports and you will be able to assess the Company's status. If after the acquisition of the company, there would be unforeseen events and it would be our fault, we will take all the responsibility on ourselves.
Accountancy services and consultations
We take full responsibility for the provision of accounting services. Our accountants have many years of experience, good skills in preparing various reports to the state institutions; also we provide representation during an inspection. We look very responsibly to our work that is why we insured our employees from the possible errors, so if fees are calculated wrongly, we or the insurance company will compensate them.
