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Limited Liability Company in Lithuania

Limited Liability Company in Lithuania

Lithuania is located between northern and eastern Europe, and is the largest of the 3 Baltic States.

Incorporation: 3 working days + delivery time for the courier


Minimum shared capital: EUR 2500

 

Overview 

Modern financial infrastructure and favorable legislation makes Lithuania one of the most attractive places to investment managers targeting single European financial market.

Lithuania has benefited from EUR180 million per year of European Union (EU) assistance and development funds since joining the EU in 2004. This has helped modernize the country’s economy. Lithuania is a member of the EU’s Schengen Area.


Advantages of Limited Liability Company in Lithuania:

  • - European Union membership and geographic location
  • - Convenience in registering a new company
  • - New technologies environment
  • - A beneficial tax environment
  • - Favorable economic environment
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Name check + + +
Company incorporation
+ + +
  • Name check and approval
  • Filling incorporation documents with the Registrar of Companies
  • Registration Forms
  • Payment of the Government fees
  • Provision of registered office for one year
Local secretary + + +
Government fees + + +
Registered office for 1 year + + +
Delivery of original documents - + +
Apostilled documents
- + +
  • If applying for a corporate bank account, you will need to order a full  set of apostilled company documents when the account is opened outside  of the country of Company.
Nominee director and shareholder
- - +
  • This service is required if you do not  want your name to appear in the corporate documents or in the government  registry. For this purpose, we will appoint another person or entity  that will act on your behalf and for your interests and benefit. Such a  relationship will be legally based on Power of Attorney and Trust  Declaration. Despite Power of Attorney not being publicly available,  such service does not guarantee 100% confidentiality. In case of request  from public authorities the information about actual beneficial owner  may be disclosed.
Total amount:
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Facts & Info for Limited Liability Company in Lithuania

Company
Services
Requirements

General information

Company structure

  • At least one shareholder 
  • Only one director (also could be an executive body, which is the board)

Taxation

  • The tax should be calculated, declared, and paid by an employer
  • Income tax in Lithuania is 15%
  • If the average number of employees in the list is up to 10 people, and income of taxing period does not exceed 1 million Litas

  • The general VAT rate in Lithuania is 21%

Registered office

Required

Company name

  • Letters: Only Latin letters
  • Company name is restricted to be identical or similar that of an existing company
  • Company name should comply with the legal and linguistic standards of Lithuania
  • The name of the public limited liability company must include the words “akcinė bendrovė” (public limited liability company) defining its legal form or the acronym “AB”. The name of the private limited liability company must include the words “uždaroji akcinė bendrovė” (private limited liability company) defining its legal form or the acronym “UAB"

Incorporation

  • Preparation of the incorporation documents
  • Bank account opening
  • Filing the documents with the Trade Register
  • Tax and VAT registration
  • Employment and social security registration

Please provide us with the following documents and data:

 Incorporation

  • A notarized copy of valid passport (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
  • A copy of proof of residential address (ex. utility bill of each  Shareholder, Director, Beneficial Owner, Authorized Signatory that is  not older than 3 months) in English
  • Optional: A notarized copy of Bank reference (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
  • Optional: CV (of each Director and Shareholder)

N.B.

  • If Shareholders and/or directors are legal persons, then it is  required to submit full set of apostilled company documents and certificate of Good Standing. 
  • If documents are not in English language or language, they must be accompanied by a notarized  translation.