New provisions of the Law on the Legal Status of Aliens for start-up founders

The Migration Department announced that on 1 August 2022, new provisions of the Law on the Legal Status of Aliens came into force. The changes will affect foreigners who work in start-ups.

Key amendments:

  • Before applying for a temporary residence permit, a foreigner who intends to establish a start-up in Lithuania and develop its activities must obtain a confirmation from the Innovation Agency to the effect that the foreigner has proven that he or she is developing start-up activities, has the necessary qualifications, sufficient funding and a business plan, also, that his or her presence in the Republic of Lithuania is necessary for the start-up to operate.
  • The number of start-up participants eligible to obtain a temporary residence permit will be four or less.
  • Residence permits will have extended validity: the permits will now be issued for a period of 2 years, with an option to extend for another 3 years.