Establishment


Knowledge of the legal and tax environment ensures successful expansion of the business outside the home country. One of the primary legal steps is choosing a suitable legal form which would be conducive for the activity of business. 

Our experts ensure smooth entrance to Lithuanian market by:

  • helping to choose the legal form that suits the company’s interest the best;
  • providing legal address;
  • obtaining a statement of use of the premises;
  • opening a bank account;
  • preparing legal documents on establishment;
  • taking care of legal action on your behalf;
  • consulting on other related issues.

What kind of legal forms are most popular?

Description of legal requirements
Private limited liability company (UAB)
Public limited liability company (AB)
Limited liability partnership (MB)
Minimum share capital
EUR 2 500
EUR 25 000
EUR 1
Legal address
Registered in Lithuania
Registered in Lithuania
Registered in Lithuania
Management bodies
General Manager
General Manager and the Board
Member (-s) of MB
Trade of shares
No public trade
Public trade
-
Founders
Legal Entities or Natural Persons
Legal Entities or Natural Persons 
Natural Persons


What are other options of the establishment for a foreign legal entity in Lithuania ?

Description of legal requirements
Representative officeBranchPermanent establishment (PE)
Registration in the Commercial RegisterYesYesNo
Subjection Subdivision of the company Subdivision of the companyTax registration
Activity Limited-scope operations: act on behalf of the founder
All or any part of the business activities of the founder
Through dependent agent or other activities creating PE
Share capital---
Management bodies General Manager
General Manager
Representative of the foreign company


Shall a representative from a foreign company come to Lithuania for the establishment of the company?

There is no need to come to Lithuania due to the establishment of the company in case our expert is appointed as an agent by a Power of Attorney (POA). POA specifies all the powers given to our expert, who prepares all required documents for the establishment, represents you at the Notary and other institutions.

What kind of documents are required for the establishment?

  • extract from the Commercial Register (if the shareholder is a legal entity);
  • copy of the passport or ID card of the shareholder, address (if the shareholder is a natural person);
  • copy of the passport or ID card, residence address of a General Manager.

How long does it take to establish a limited liability company?

The length of the process depends how fast required documents are presented. Usually the process takes 7-10 working days.

When the company could be registered as a VAT payer?

As soon as the legal entity is established, the application for the VAT registration may be submitted. For more information please refer to page VAT Registration.

To whom shall I apply for more information?

Please feel free to contact Zita Merkeliene by e-mail: zita.merkeliene@leinonen.lt or phone number: +370 699 32529, if you have any questions in relation to the expansion of your business into Lithuania.

You may also file our contact form and we will get in touch with you. 

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Accuracy, Timely Reporting, Tax and Legal support

That's what good accounting is made off

Reliable financial management is one of the cornerstones of a successful business. We believe that primary duty of a reliable accounting partner is to ensure accurate and timely reporting which enables you to evaluate business performance and make right decisions. 

Our intention is to add value to our customers by providing full support, therefore tax and legal advisory are the integral part of our services. Emphasis on the proactive approach enables us to provide better and better solutions to customers.

We help hundreds of multinational and local companies run their businesses in Lithuania. Every client is important to us, regardless of the size, turnover or sphere of activity of the company. 

We have more than 40 experienced professionals providing world class accounting services to a wide range of clients established or expecting to commence activities in Lithuania. Our advisory team having different background ensures the best understanding of tax and legal issues and problems that your business is facing and provide you the most comprehensive service. 

Find out more about our expertise here.  

Why choose Leinonen

Read more about our accounting, payroll and advisory services here!

We are ISO 9001 Certified Partner

Leinonen Lithuania has achieved ISO 9001:2008 certificate from Bureau Veritas. This certificate confirms that our company has implemented and maintains a management system based on the internationally recognised quality management principles. The system helps us to assure high quality standards of accounting services we provide to our customers.

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Latest news

From 2018 minimum monthly salary will be increased Nov 09

The Government of the Republic of Lithuania has approved a resolution, according to which the minimum official monthly salary will be increased from 2018.