The Lithuanian legal system recognises principles of equal treatment of both Lithuanian and foreign investors. These principles state equal business conditions and protection of rights and interests by Lithuanian law of local and foreign investors alike.
To incorporate a Lithuania company the following is required for the Lithuanian Centre of Registers:
All documents must be notarised and apostilled by a notary.
A company seal will be issued when the Lithuanian company is incorporated, and will serve the purpose of company signature on official documents.
The main form of business in Lithuania is the private limited liability company (UAB).
UAB is the most common form of business entity in Lithuania as it enables a business to operate as a legal entity with a simple management structure and without the necessity to invest large amounts of capital. As with all private limited companies it also offers limited liability to its shareholders.
The minimum share capital for a Lithuanian company is LTL 10,000 (€3000). At least 25% of the authorised share capital must be paid-up in a Lithuanian bank account for the incorporation to be complete.
Only one shareholder is required for a Lithuanian company, with the maximum being 250 and no restrictions placed upon nationality or residency. Shareholders may be individuals or legal entities.
A minimum of three directors are required for a Lithuanian company.
Before a company can be incorporated in Lithuania, a company name must be reserved with the Centre of Registers.
We check that your Lithuania company name is acceptable and is not already incorporated with the Centre of Registers, certain company names are prohibited, such as names suggesting the patronage of any government or country.
Once incorporated we provide a set of corporate documents for your Lithuania company which, includes the Certificate of Incorporation, Memorandum of Association the Articles of Association and share certificates. Copies of the company incorporation documents are sent via email and the originals from the companies registry are sent to you in a corporate folder.
Your company must have a registered office in Lithuania, this is where documents may be legally served - we can provide a registered office in Lithuania.
There are requirements to hold an annual general meeting in Lithuania, with the management bodies of the company being determined by the general shareholder meeting.
Buying a ready made new company in Lithuania saves about two-four weeks of time and you have a guarantee that you can start your business straight away.
We can incorporate your Lithuania company, according to your specifications, please complete our enquiry form below: