Lithuania is a member of the European Union (EU) as well as of European Free Trade Association (EFTA) and of the association of the Schengen States. Thus holders of the passport of the Republic of Lithuania are entitled to use all the benefits that are applied to any member state that are a part of the same agreement.
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Travel to 175 countries/territories without a prior visa. To visit Australia, Canada and United States you are required an online registration (electronic authorization) only – no visa. Detailed lists of countries here.
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Live and work in all the EU and EFTA countries without a need to arrange any permits, a work visa or an employer’s invitation.
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Conduct business and open legal entities in a simplified way. Enjoy faster airport security on arrivals as you do not have to wait in a long queue for non-EU residents at the airports for your documents check. Most borders don’t even require seeing a boarder officer – you simply scan your passport at the biometric door and go through, saving you potentially hours on every trip.
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Access your financial instruments with the utmost safety and convenience. Lithuania is in the Euro area thus all Lithuanian banks are under the European Central Bank supervision. Deposits in all Lithuanian banks are insured by the Lithuanian Republic with 0% capital tax. All Lithuanian banks apply flexible and convenient ways of cooperation with their clients – one can open bank account in 15 minutes and enjoy the most modern online banking systems in the world.
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Study at any EU university under the same conditions as nationals. Fees for EU nationals are normally 50% cheaper than for non-EU students. Another area in which students with European passport benefit so much is in obtaining a student loan. Students loan are only available to a student who is an EU national, and there are a lot of exclusive grants, and scholarships opportunities that are only available to EU nationals too. Non-EU nationals who desire to be on scholarship are required to apply for funding anywhere else.
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Children born to the person with a double citizenship will automatically get Lithuanian citizenship as well, as well as their children and their children. So this is an investment for generations.