Company Formation in Lithuania
We will assist you to form a Limited Liability company in Lithuania in a fast and easy way. Such company form is most common in Lithuania and mostly advised by our lawyers to choose. Because it is easy to do business with it and look after its bookkeeping. As well share transfer between persons and investing in a such company is quite easy. In Lithuanian language this company form is called “UAB”.
Company formation in Lithuania procedure can be completed remotely within one week. For the registration we require applicant passport copy and living place address in native country. There are no restrictions for nationalities and there are no obligations to include Lithuanian citizens in the company.
The company can hold one one main director and up to 250 shareholders. The minimal allowed share capital is 2’500Eur only. If director and shareholder wish to apply for a business visa or residence permit in this case shareholder number is limited up to 3. Therefore only 4 persons may obtain a business visa under the basis of company formation in Lithuania: 1 director + 3 shareholder.
This procedure requires some special preparation. Lithuanian company has to be registered with a share capital not less than 28’000Eur if there are two or less shareholders applying for a visa or 42’000Eur if there are three shareholders applying for a visa.
All companies that we register for our clients, already includes in the final fee legal address for unlimited time in Vilnius city, covers all legal registration expenses, share capital deposit into bank account on behalf of you during company formation, therefore you don’t need to deposit your own funds.
By default in Lithuania it is allowed to register only Lithuanian language company names. As well we may assist you and register english company name if you definitely need it. It requires some additional procedures, cost extra fee and takes one more week on top of the whole company registration procedure.