Lithuania Highlights:
- An EoR (Employer of Record) package is the most efficient and effective way to deploy local and foreign employees in Lithuania.
- 1WB acts as an EoR ensuring full compliance with country’s regulations.
- The whole deployment process for foreigners takes about 4 weeks whereas for locals within 1 week.
- Handling payroll processing, immigration and taxes compliantly, swiftly and cost efficient.
- Social Insurance - Social insurance contributions: The employer withholds 12.52% of the employee’s gross salary for social security contributions, an additional 2.4%-3% for participants in the second pension funds scheme and 6.98% for health insurance contributions. The employer’s portion is equal to 1.77% or 2.49% depending on the type of the employment agreement.
- Work permit - 1WB can sponsor work permits for foreign employees and the processing time is about 5 weeks.