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Hello, I am from Lithuania. I want to start dropshiping. Do i need to create a company or make myself an individual entrepreneur in local tax office for such type of business?
Great to see you're getting into dropshipping—it's an exciting business model with a lot of potential. I totally get your concern about whether you need to register as a business before starting. Let me break it down for you.
The short answer is no, you don’t need to start with a registered company—at least not right away. You can start as an individual entrepreneur (sole proprietor) and register with your local tax office when you begin making consistent revenue. However, it’s always a good idea to check with a local accountant or tax advisor since tax laws can change.
Even though it’s not required at the start, here are a few reasons why many dropshippers eventually register their businesses:
Many dropshippers start informally to test the waters and only register when they start seeing profits. Just make sure to report your income once it becomes regular to avoid any legal issues. If you’re unsure, consulting a local tax advisor will always be your best bet.
If you need extra help, just let me know asap. Thanks
Daisy.
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