Entity set up in Lithuania

Lithuania – Company establishment

Global Expansion Plus provides you with legal, corporate, and secretary services in Lithuania. Before you start the process of registration, you need to consider the following questions:

Legal forms in Lithuania

Please refer to our publication and articles to find more information.

Taxation regime in Lithuania

Please refer to our publication and articles to find more information.

Name of the company in Lithuania

It is necessary to check the name of a future company for the absence of a similar among registered companies. The check is carried out by the State Commission on the Lithuanian Language (Valstybinė kalbos inspekcija). It also issues permits to use a specific name. Notarized copy of the document on name registration shall be submitted with other documents to set-up a company.

Registration address in Lithuania

An official address of the company is mandatory. All official notices and documents come to this address. You can rent your office or use a virtual seat service provided by Global Expansion Plus.

Founder – legal or individual in Lithuania

Depending on where the founder (owner оr shareholder) is going to be a foreign legal entity or physical individual, the process of incorporation and availability of legal forms can be different. If the owner is an individual or a group of individuals, they can personally incorporate entity on their visit in Lithuania (business visa is required) or through providing Power of Attorneys on our lawyer to represent them at state authorities.

Minor Company can be found only by natural persons, and ten persons is a maximum.

Types of activity in Lithuania

A company should carefully select types of activity considering their planned activity. To carry out activities related to risks to the environment and human health, a license is required. It is valid throughout the EU. Corporate lawyer of Global Expansion Plus can support you with a careful selection.

Amount of issued/share capital in Lithuania

The minimum required share capital for Closed Joint-stock Company Uždaroji Akcine Bendrove (UAB) is 10,000 LTL (3,280 EUR). The share capital amount must be subscribed to the Articles of Association. The minimum registered capital shall be deposited in a Lithuanian bank account, with at least 25% having to be paid up. It is necessary to open a local bank account, depositing the required minimum share capital. The bank will provide a certificate proving the deposit was made, which will be filed with the Trade Register. The rest amount has to be paid within 12 months.
The capital is separated into shares, which are for private sale and not for sale to the public like being offered on the stock exchange.

Directorship in Lithuania

A minimum is one person required. If a founder – non-resident becomes a director, he does not need to receive a work permit. The director can perform his duties one day per month. As a result, his salary will be charged for one business day, and taxes will be paid from this minimum amount.

Client journey

Initial stage

  • Consolation with our corporate lawyer targeting all points listed above;
  • Preparation of notarized and apostilled Power of Attorney (if needed);

Registration Stage

  • Registration of company name
  • Preparation of the article of association;
  • Preparation of the minutes of the meeting of members of the company;
  • Obtaining of notary approval of the article of association;
  • Payment of government fee (57 EUR);
  • Filling out an application for state registration of a legal entity;
  • Registration of the company with state registrar;

Tax Stage

  • Filling and submitting of an application for a taxpayer registration (within five days after incorporation);
  • Directors employment registration with tax authorities;
  • Sign an accounting outsourcing contract to support your activities and tax compliance;

Final stage

  • Open a bank account.
  • Signing a legal support contract
  • Make a seal;

Additional services

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