The Lithuanian Cabinet decided on Tuesday to submit a bill that would introduce the status of an e-resident to the Seimas for approval.
© Shutterstock

The status would give foreigners access to a range of online administrative, public and commercial e-services, including setting up companies, opening bank accounts or declaring taxes online.

The government plans to decide on the exact range of services available to e-residents at a later stage.

The Interior Ministry, which drafted the bill, says the e-residency program is needed because of people's growing mobility and a rapid development of e-services.

The ministry wants the e-resident status to be granted simply and quickly without excessive red tape, but promises to take additional measures to ensure that it is not abused for money laundering or terrorist financing purposes.

The ministry proposes to launch the e-residency program in 2021. A similar program is already in place in Estonia.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Father: Paleckis banned from seeing family members

Algirdas Paleckis , former leader of the Socialist People's Front who is suspected of spying for...

General Rupsys nominated for chief of defense

Lithuania's Minister of National Defense Raimundas Karoblis on Monday proposed Major General...

President goes to Poland for first official visit

On July 16, President Gitanas Nausėda and First Lady Diana Nausėdienė will travel to Poland for...

France to send 300 troops to Lithuania next year

France will next year send around 300 troops to NATO 's multinational battalion stationed in...

Lithuania mulls US request to send troops to Syria

Lithuania is considering the United States' request to send troops to Syria to replace the American...