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Legal Forms of Companies

Personaliné imoné or PI (Sole proprietorship)
Number of partners: Maximum 1 shareholder.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is unlimited.
Uzdaroji ackiné bendrové or U.A.B. (Private limited liability company)
Number of partners: 1 to 250 shareholders
Capital (max/min): Minimum capital of LTL 10,000.
Shareholders and liability: Liability is limited to the capital contributed.
Akciné bendrové or AB (Public limited liability company)
Number of partners: Minimum 1 shareholder, with no maximum.
Capital (max/min): Minimum capital of LTL 150,000, out of which 25% must be deposited upon incorporation.
Shareholders and liability: Liability is limited to the amount contributed.
Tikroji ukiné bendrija or TUB (General partnership)
Number of partners: Minimum 2 shareholders.
Maximum 20 shareholders.
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is unlimited for all the partners.
Kommanditiné ukiné bendrija or KUB (Limited partnership)
Number of partners: Minimum 2 shareholders.
Maximum 20 shareholders.
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is unlimited for active partners and limited for sleeping partners
 

Business Setup Procedures

Setting Up a Company Lithuania Eastern Europe & Central Asia
Procedures (number) 4.0 5.3
Time (days) 5.5 11.8

Source: Doing Business - Latest available data.

 
The Competent Organisation
The Company Register of Lithuania is the relevant organisation to be contacted for formalities in setting up a business.
For Further Information
Consult the Doing Business Website, to know about procedures to start a Business in Lithuania.
Trade Register, in Lithuanian.
 

Financial Information Directories

Dun & Bradstreet - Worldwide directory with financial information on businesses

European Business Register - Network of business registers in the European countries

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Actualitzacions: December 2023

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