Public Limited Company
Many foreign businessmen consider Lithuania as a starting point for establishing their entrepreneurial activities. The most common form after UAB of incorporation In Lithuania is Public Limited Company (AB). We provide company formation and registration services in Lithuania. Register a business with help of professional lawyers. We will help to achieve your business goal.
Registration conditions
The company will have the status of a resident company. The name of the company in Lithuania must be unique.
There are no residency requirements for shareholders and directors. The main requirement for foreign citizens is a duly certified certificate of non-prosecution (certificate of no criminal record).
Get started
We provide company registration solutions in Lithuania, our specialists have extensive experience and knowledge about companies in Lithuania. With us, the process of opening PLC will not be burdened with a lot of paperwork. Register an AB in Lithuania with our professional assistance.
Timeline
The period of registering an PLC Company in Lithuania engagement is approximately 1 month. It is consisting of Engagement planning company incorporation, corporate bank account approval, corporate internet banking approval, engagement completion.
Fees
State fee for VAT registration of an AB is 57.4 euros. The state fee does not include notary fees, which can vary from EUR 102 to EUR 232. Moreover, the state fee for registration as a VAT payer has been excluded.
Documents
You should provide the list of the following documents:
- Application filed with the local representative where the authorization takes place.
- Proof of registration of the company in Lithuania (certificate of incorporation).
- Registration form for each employee you want to hire for the company.
- Copies of the beneficiary’s passport.
- The firm name of the enterprise.
- Descriptions of activities.
- Legal address.
- Of the Memorandum of Association, certified by a notary.
Besides, those wishing to register a Lithuania company must pay a state fee, register with the tax, insurance, and social services, and contribute the authorized capital of the company. The amount of authorized capital depends on the form of the company you have chosen.
Authorized capital
When establishing a public limited company in Lithuania, the minimum registered capital is EUR 40,000. It should be paid in a bank account; at least ¼ . The capital will be divided into shares, which may be traded or offered for sale publicly.
Founder
According to rules, an PLC could be founded by one or more persons (shareholder/s), and they can be both natural persons and legal entities. Both residents or non-residents of Lithuania could open a company there.
Status
According to Commercial law of Lithuania, the AB (public limited company) is considered as a legal entity.
Management body
The decision-making body of an PLC in Lithuania is the board with a minimum of three board or supervisory council directors. The management bodies of the company are created by the general shareholders meeting.
Consultation about Public Limited Company registration
Our consultation services for registering a Public Limited Company are meant to assist you in setting up your business in Lithuania, from preparing the initial paperwork to acquiring the required permits and registrations. Our experienced advisors will support you throughout the process to ensure it runs smoothly and efficiently. We offer tailored advice on legal obligations, share capital, and corporate structure to help you make well-informed decisions that fit with your business objectives.
Ownership management
Taking care of the ownership of a Public Limited Company can be a complicated yet important responsibility. Our offerings involve dealing with alterations in ownership, overseeing rightful owners, and supervising ownership transfers. We guarantee that all ownership adjustments are correctly recorded and adhere to current regulations.
Corporate structure changes
As your business grows, your corporate structure may need to evolve as well. Whether you require alterations to your board of directors, modifications to nominee information, or other structural changes, we offer comprehensive services to help you navigate these transitions seamlessly and effectively.
Share capital management
Managing share capital is crucial for the financial well-being of your company. We provide assistance in boosting, decreasing, selling, and transferring share capital to ensure that all transactions are conducted accurately and in compliance with legal regulations.
Register Public Limited company
Ready for next step
Accelerate your business growth while we take care of corporate bank account and bookkeeping.