Lithuania company registration allows business people to enter the European market and successfully develop their businesses. It is possible due to various advantages of the state: some of the lowest corporate taxes in Europe, a stable market economy, and a loyal banking system.
The client needs to provide 3 variant names of the company. We will check the availability of these variants for registration and offer free options for the final choice. If all three names are filled, we will ask for additional ones. Three names provision isn't a mandatory requirement, but will speed up the verification process.
The client needs to prepare personal documents for company registration. Preparation can be carried out in parallel with the first stage. The exact list of documents depends on the characteristics of the future company. Usually, a copy of the passport and confirmation of the address of the company's participants, as well as a power of attorney, should be provided.
A package of documents is formed for submission to the Register based on the data provided by the client.
After preparing the company for direct entry into the register, it is necessary to open a special bank account to deposit the authorized capital. Shareholders of the company need to contribute a share capital in the amount of 2500 euros. If there are several founders, they contribute capital in proportion to the ownership shares of the company.
The collected package of documents is submitted to the Register. After that, the documents are processed by the registrar and the company is entered into the Register database.
After entering the company into the Register, you can see its registration data in it and if necessary order paper versions of the statutory documents with or without certification. The specialists of our company will help you with all the necessary certification (notarization, apostille) and translations into other languages, if necessary.
Business people are interested in company formation in Lithuania for several reasons:
There are several types of business in Lithuania, but the most common is a closed joint-stock company (UAB). This form of business is of interest to business people because the UAB shareholders are not personally liable for the company's obligations.
If you are interested in company registration in Lithuania, the price of this procedure depends on the chosen form of business because notarial attestations, additional documents, and other information may be required.
In addition to UAB, the following forms of business exist:
If you have decided to start business in Lithuania, the price of the service will also depend on the opening of a bank account if this procedure is handled by our specialists.
When registering a closed joint-stock company, the authorized capital must be at least 2,500 EUR. It can be formed within 12 months of the company's establishment. At the same time, it is not forbidden to use the authorized capital for payment of current expenses, such as taxes or office rent.
Business registration in Lithuania requires an annual meeting of shareholders. This requirement is enshrined in law. It must be held within four months after the end of the accounting period.
If business people register a company in Lithuania with the legal form of UAB, they must pay the following taxes:
If you are interested in company formation in Lithuania, the cost of opening your own business will depend on several factors. For example, if you decide to do business in a specific field, you will have to obtain relevant licenses.
As a rule, licensing is needed for:
Lithuania company registration requires preparing at least the following documents:
Remember that if you are interested in company formation in Lithuania, the registration procedure cost may also depend on additional documents required for starting a business in Lithuania. You will have to pay for their preparation in case our specialists deal with this process.
Contact us if you want to register a company in Lithuania. Our specialists provide a full range of consulting and legal services, so you can open company in Lithuania avoiding unnecessary bureaucratic formalities.
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Frequently Asked Questions:
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