Company Registration in Lithuania

Just Think About Company Name!

Legal Baltic professionals will helps you to register a Lithuanian company and advises you on the necessary operations. The most popular type of legal entity being set up by foreigners in Lithuania is a Private limited liability company (in Lithuanian “UAB).

There is no need to visit Lithuania in order to establish a company in Lithuania. Everything can be arranged remotely based on a Power of Attorney. We will prepare a special Power of Attorney for you for that purpose. The only thing you are required to do is to obtain a notarial and, if applicable, apostilled certification for that proxy and send it to us by courier.

In Lithuania your desired company name must be grammatically correct in Lithuanian language. Although if you would like a company with a non-Lithuanian name, Legal baltic professionals will solve the issue for you.

A newly registered company will have a registered bank account, company seal and all of the documents required to start doing business including a formed authorised capital. We also offer you an opportunity to purchase an Lithuanian company that is already established (ready-made).

If you intend to acquire a new company with the desired name and start a business in Lithuania the process of obtaining necessary documents will take up to 10 business days. The purchase procedure of a new company in Lithuania is the same as of an established one.

Start your company in Lithuania

Different forms of business entities in Lithuania

a individual enterprise

MB

a small partnership

UAB

a private limited company

AB

a public liability company

TUB

a general partnership

Branch

a branch in Lithuania

Private limited company (UAB)

A private limited company (hereinafter the “PLC”) is a company that has the share capital divided into private limited company shares. A shareholder is not personally liable for the obligations of the company. The minimum share capital is EUR 2,500. The minimum nominal value of a share is 25 EUR.

If the founders are individuals and the share capital is less than EUR 25,000, then the founders can decide that the contribution must not be paid upon the establishing of the company.

PLC must have a management board. The management board may have one member (director) or several members. A member of the management board need not be a shareholder but must be an individual (not legal entity).

 A member of the management board must be a natural person with active legal capacity. If more than half of board members are not residing in Lithuania then the company must give the Commercial Register a contact in Lithuania where necessary documents can be sent.

The company is liable for its obligations to the extent of its entire property. A founder or shareholder is not liable for the limited liability company’s obligations, as well as the limited liability company are not liable for the founder’s or shareholder’s obligations.

How to register a new company in Lithuania?

In order to register a new company in Lithuania, you do not need to come to our office. The only task for the client is just to use his imagination and create a name for his company.

We will prepare a special Power of Attorney for you for that purpose. The only thing you are required to do is to obtain a notarial and, if applicable, apostilled certification for that proxy and send it to us by courier.

For Your convenience, after registration process will be completed all the necessary company documents, records and stamp will be at your hands within a month at the latest. If you want to shorten the process time – please come to our office and pick up the company’s documents on the same day.

We will provide you full support for your company in Lithuania, taking into account all your individual requirements. Company Formation is provided under the contract in compliance with the laws of Lithuania. Thanks to e-Residency and e-services you can establish a company and run it without visiting the country.

 

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