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Types of legal entities in Lithuania
Lithuania is the most advanced and promising Baltic country, where doing business is quite reliable and secure. The most common types of registered companies in the Republic of Lithuania are: private limited liability company, public limited liability company and Individual enterprise (sole proprietorship). Business in Lithuania is regulated by the laws: Civil Code, Joint Stock Companies Act, law on Public Institutions and other legal documents.
The main types oflegal entities in Lithuania (2013)
|
Type of legal entity |
Minimum authorized (share) capital |
Minimum number of shareholders (incorporators) |
Liability |
|
Private limited liability company (Uzdaroji Akcine Bendrove) |
10 thousand Lt. (2900 Euro) |
1 person |
limited liability of shareholders |
|
Public limited liability company (Joint-stock company) – (Akcine Bendrove – АB) |
150 thousand Lt (43 450 Euro) |
1 person |
limited liability of shareholders |
|
Individual enterprise – (sole prorietorship) -(individuali įmonė – IĮ) |
Not established |
single individual |
subsidiary liability (company and the founder) |
|
General partnership (TŪB) |
- |
2-20 people |
unlimited liability |
|
Limited partnership (KŪB) |
- |
3-20 people |
unlimited liability |
|
Agricultural company (ŽŪB) |
- |
2 people |
limited liability |
|
Co-operative enterprise (KB) |
Not established |
5 people |
limited liability |
|
Non-Governmental Organization (VšĮ) |
Not established |
- |
- |
Our company offers services of immigration to Europe, mainly immigration to Lithuania, accounting services, assistance in obtaining residence permit in Lithuania, limited company registration. With help of EUROMIG consultants you can buy new limited company, sell company, buy ready made business, etc.
If you want to order our services of company registration in Lithuania, buying company, getting residence permit in Lithuania or others, please:
Write us using contact form at the bottom of the page
Contact us by email info@euromig.com
Call us:
Main office: + 370 684 55988
Business – consultant Artur: +370 679 44266
Business – consultant Ekaterina: +370 655 45547
Skype euromig.baltic