This is a short presentation about company formation in Lithuania. For more information, please visit www.companyformationlithuania.com. You can always reach us at office@bridgewest.eu or find us on www.bridgewest.eu for consulting services.

1. Company Formation - Lithuania

2. Company Registration in Lithuania
The Lithuanian business may be organized as:
 sole proprietorship (PĮ),
 public limited liability company (AB)
 private limited liability company (UAB)
 general partnership (TUB), limited partnership (KUB)
 state enterprise
 municipal enterprise
 non-profit organization (VŠĮ),
 agricultural company
 co-operative enterprise
 European company
 European Economic Interest Grouping.

3. Steps in registering a company
The procedure of incorporation has a few steps that have to be
followed and doesn’t take longer than 3 weeks after the
registration:
 The desired company name must be checked at the Public
Institution Register Centre at reserved if it’s available.
 After receiving the confirmation that the name is
available, the entrepreneur must open a bank account a
deposit the minimum share capital (if he wants to open a
public or a limited liability company). A receipt must be
issued stating the amount of deposited capital.

4.  The Memorandum of Association must be signed,
notarized and deposited at the Public Institution
Register Centre. In case of a partnership, the
partnership agreement may also be necessary for the
registration.
 After that, the company must apply for a company
official seal, used in every future financial transaction.
 In maximum 5 days after receiving the certificate of
registration, the company must apply for the taxes at
the Tax-Payer at State Tax Inspectorate.

5. Set up an UAB
 With a minimum share capital of approx 2900 Euros,
an entrepreneur may open a private limited liability
company in Lithuania - Uzdaroji Akcine Bendrove
(UAB).
 It may be formed by a single shareholder but the
maximum number may not overcome 249. The
company formation in Lithuania doesn’t exceed 3
weeks after registration if all the requested papers are
in order.