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New Security Contribution Law in Lithuania: What Brokers Need to Know

Natalia Morris

< 1 Min Read

While the declaration rules are still pending approval, time is short, so we are sharing the draft framework now.

The Chamber of Insurance Brokers of Lithuania has announced a new Security Contribution Law, introducing obligations for foreign insurers operating in Lithuania. While the declaration rules are still pending approval, time is short, so we are sharing the draft framework now. Updates will follow as soon as changes are confirmed.

Key Points from the Draft Rules

  • How to complete the Security Contribution Declaration form.
  • Registration requirements for foreign insurers.

A detailed memorandum prepared by Sorainen Law Firm highlights the essentials:

  • Which foreign insurers must pay the security contribution and when.
  • Examples of contribution calculations.
  • Declaration and payment procedures.
  • Registration with the State Tax Inspectorate and the Bank of Lithuania.

For further details, including FAQs, visit the official resources:

Natalia Zaborovska

Natalia Morris

Group Head of International

T +61 44 777 9001

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