Types of companies

Types of the company having status of a legal person in Lithuania (forms of incorporation)

Legal norms regulating foundation, legal status, management bodies and their competence, liquidation and reorganization of different type companies in Lithuania are contained in the Civil Code of the Republic of Lithuania. According to the Civil Code, all companies operating in Lithuania have a status of a legal person. A legal person shall be defined as a company, institution or organization, which may acquire and exercise rights and obligations at its own name.

The most popular types of company (forms of incorporation), having status of a legal person, are permitted to operate in the Republic of Lithuania:

  • A private company (with the suffix UAB)  - most popular, about 96% of all establishments;
  • A public company (with the suffix AB). Similar to LLC (Limited Liability Company) or JSC (Joint Stock Company);
  • Branch or representative office;
  • Association;
  • Agricultural company (with the suffix ZUB);
  • State enterprise;
  • etc.

The most common way to invest in the Republic of Lithuania is to establish a private company. 

Key information about private company:

  • One or more shareholders are required in order to found the private company. The maximum number of shareholders in a private company must not exceed 250.
  • The minimum registered capital in a private company is approximately EUR 2,900. The minimum registered capital must be formed in bank account.
  • The shareholders' undertaking is limited to the amount of the capital invested only.
  • The management bodies of the company are determined by the general shareholders meeting.

Key information about public company:

  • One or more shareholders are required in order to found the public company. The maximum number of shareholders in a public company is not limited.
  • The minimum registered capital in a public company is approximately EUR 43,500. The minimum registered capital must be formed in bank account.
  • The shareholders' undertaking is limited to the amount of the capital invested only.
  • The management bodies of the company are determined by the general shareholders meeting.
  • A public company must appoint a supervisory council or "board of management".

Both Lithuanian and foreign companies may establish their branches and representative offices. They shall function under the authorization/regulations of the incorporator and they have no status of a legal person. For tax purposes a foreign company may set-up a permanent establishment in Lithuania. The legal persons are allowed to merge into concerns, consortiums, associations and other formations if it is not in contradiction to competition laws.

Company registration services in Lithuania includes Notary services, Register Center services, document translations.  If you don`t have company registration address, we can offer it in Vilnius or Kaunas city.  One time payment for company registration address.

Company can be registered in Vilnius, Kaunas, Klaipėda, Siauliai, Panevezys, Marijampole, Alytus, Utena, Rokiskis, Birzai, Mazeikiai, Telsiai, Kretinga, Palanga, Silute, Silale, Taurage, Sakiai, Vilkaviskis, Kalvarija, Lazdijai, Druskininkai, Varena, Salcininkai, Trakai, Jonava, Ukmerge, Kedainiai, Raseiniai or other city in Lithuania.