Lithuania Legal

Corporate solutions in Lithuania

Register a company in Lithuania with professional assistance. We cover various corporate solutions including accountancy and document preparation.

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 company registration

The specialists of our law company have many years of experience and the necessary knowledge to register a company in Lithuania quickly and easily. Our lawyers, accountants, and business consultants will help you with the process of registering a company in Lithuania and with the further conduct of your business.

Accountancy

Companies in Lithuania are required to maintain accounting records and prepare annual financial statements that include balance, report about incomes and material losses, explanation of reporting.

Taxes

The standard income tax rate is 15%. Income tax is levied on the company's worldwide profit, which includes income earned from commercial activities, passive income, capital gains, and active income of a Lithuanian company. In addition, when calculating the tax rate, expenses related to the company's activities will be deducted. Learn more information about taxes in Lithuania down below.

Bank account

If you decide to open a company in Lithuania, you have to create a Corporate Account. This type of account needs for the main business of the company, for internal expenses, payment for services, and providing net income for private entrepreneurs.

Other types of companies

If you feel like Public Limited Company does not fit your needs, click the button below and you will see other legal forms like Private Limited Liability Company, Branch Office, Holding Company and more. 

Register Public Limited company

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Accelerate your business growth while we take care of corporate bank account and bookkeeping.