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Company Formation and Related Services
Company Formation in Lithuania
F.A.Q.
BridgeWest provides company formation services in Lithuania. Our assistance includes:
> drafting the Articles of Association (necessary for the company incorporation in Lithuania); The Articles of Association of the Lithuanian company can be signed through Power of Attorney (the same applies to Public Notary proceedings, a step required by Lithuanian Law).
> drafting all other documents required for the incorporation of the Lithuanian company; These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in Lithuania, passport copies etc.
> arranging Public Notary procedures (The procedures for incorporating a company in Lithuania have to be done through a Lithuanian Public Notary);
> offering a Registered Office in Lithuania for your company (if required); The registered office may be any address where the Lithuania company declares to have its headquarters. The registered office will be public.
> setting up a bank account for your Lithuanian company. This refers both to an initial share capital account as well as a current bank account after the company is formed.
> recommending an accountant in Lithuania; Accountancy services are recommended for any new business registration in Lithuania.
BridgeWest provides formation of the following types of companies in Lithuania:
>Uždaroji akcine bendrove (UAB - private limited company) This type of Lithuanian company can have one shareholder and one director and must maintain a local address (office) and a minimum share capital of 10,000 LTL (2,896 EUR).
>Akcine bendrove (AB - public limited company) This type of Lithuanian company can have at least one shareholder, a managing board + supervisory council and must maintain a local address and a minumum share capital of 150,000 LTL (43,443 EUR).
> Lithuanian Branch, Subsidiary or Representative Office-Any foreign company is able to set up branch entities in Lithuania.These can be set up as separate entities from the parent company (Lithuanian companies having the foreign company as shareholder) or extensions of the parent-company in Lithuania.
BridgeWest is also able to offer ready-made Lithuanian companies and VAT registration.
Please contact us for more information and prices.
Articles on Company Formation in Lithuania
There are various forms of business entities allowed in Lithuania, each having its own characteristics, advantages and disadvantages. The Lithuanian law institutes similar regulations for national and foreign entrepreneurs. There are four main kinds of company types which are commonly founded on Lit ...
Every functioning company in Lithuania has to be registered with the Trade Register. The process takes about a week and implies a series of documentation. This process is similar to foreign and national entrepreneurs, the regulations being the same. Preliminary activities before registering a compa ...
The Register of Legal Entities of Lithuania is incorporated in the Centre of Registers of Lithuania which functions under the authority of the Minister of Justice of the state of Lithuania. It is a public entity of limited civil liability and it is owned by the State. The Central Unit of the Centre ...
One way of investing in Lithuania is through establishment of a company branch. A Lithuanian branch is not considered a separate legal entity from the parent foreign company. The liability of the branch is attributed to the parent company which is responsible for the branch's debts and obligations. ...
1. What is the minimum share capital of a Lithuanian Private Limited Liability Company? The most common company form of Lithuania is the Private Limited Liability Company. It has a simpler structure and a less complex incorporation process. The starting capital requested by the Lithuanian Law is 10. ...
1. What is the corporate tax in Lithuania? The standard corporate tax rate that a company registered in Lithuania has to pay in 2011 is 15%. Companies with less than 10 employees and less than 500,000 LTL (144,800 EUR) as an yearly income may pay only a 5% corporate tax rate. 2. What is the VA ...
1. What is the VAT in Lithuania? Since 2009, the VAT rate in Lithuania is 21%. There are also some exceptions from this standard rate. Books and newspapers are subject to a VAT rate of 9%, as well as accommodation or the supply of heat and hot water. A 5% VAT rate applies for medicines in Lithuania. ...
Meet us in Vilnius
Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Vilnius, Lithuania. Alternatively you can incorporate your company without traveling to Lithuania.
As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Lithuania.