Continuing growth
Fri, 08.03.2013.
Lithuanian Department of Statistics published the second quarter of 2012 year data, show continuing growth in corporate earnings - it was almost a tenth higher than in the same period last year. Corporate profits increased on average by 1.1 percent, compared with the same period last year. This indicates Lithuanian companies working with an average of about 10 percent pre-tax profit margin. Even currently existing low cost of money, such margin level does not drive to worry about.
Corporate profitability, comparing the second quarters of this and last years, as far declined (6.7 percent previous year and 6.2 percent this year), but part of this difference is due to ‘‘Orlen Lietuva‘‘ oil recycling plant repairing jobs.
The best earnings increase showed retail businesses, which partly help non-residents, shopping in Lithuania. Good results showed and the retail trade-related storage and transportation sectors. Most of the manufacturing industries, which account for the largest share of Lithuanian exports, profits were more moderate. Thus, domestic firms,in second quarter of 2012 year, showed a faster profit growth.
Summing up the results we can say that neither positive nor negative surprises companies’ financial figures did not disclose, but most companies are currently operating stably and performance does not show signs of slowing down.
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.
