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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
The Competent Organisation
The Company Register of Lithuania is the relevant organisation to be contacted for formalities in setting up a business.
Company Directories
European Business Register
 
Setting Up a Company Lithuania Eastern Europe & Central Asia
Procedures (number) 4.0 5.3
Time (days) 5.5 11.8

Source: Doing Business, 2016

 
Business Setup Procedures
Consult the Doing Business Website, to know about procedures to start a Business in Lithuania.
Trade Register, in Lithuanian.

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Actualitzacions: September 2022

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