Registration of Companies in Lithuania

If one or 2 foreigners (not UE citizens) wish to work (without the permit of the Labour Exchange) in Lithuanian company, they shall have to register a new Ltd. or to purchase already registered company with the authorised capital amounting to not less than EUR 29.000. If the company is incorporated by two foreigners, the share of each shareholder in the authorised capital shall amount to EUR 14.500. Shareholder’s equity shall be a column of balance sheet consisting of the authorised capital increased by income or reduced by loss. In order to extend temporary residence permit, this column of balance sheet has to reveal EUR 29.000 each year regardless of number of foreigners incorporated the company. Upon registration of the company, three Lithuanian citizens or persons who obtained the permanent residence permit in Lithuania have to be employed for entire 8 hours duration working day.
If 3 foreigners (not the UE citizens) wish to work (without the permit of the Labour Exchange) in Lithuanian company and to obtain the temporary residence permit, they shall have to register a new Ltd. or to purchase already registered company with the authorised capital amounting to EUR 43.443. The share of each shareholder in the authorised capital shall amount to EUR 14.500. Shareholder’s equity shall be a column of balance sheet consisting of the authorised capital increased by income or reduced by loss. In order to extend temporary residence permit, this column of balance sheet has to reveal EUR 43.443 each year regardless of number of foreigners incorporated the company. Upon registration of the company, three Lithuanian citizens or persons who obtained the permanent residence permit in Lithuania have to be employed for entire 8 hours duration working day. If such company is incorporated by foreign shareholders, the maximum number of shareholders cannot exceed three persons.

Requirements for registration of Ltd. in Lithuania:

• Copy of passport of all shareholders and the passport page where the record of permanent residence address of each shareholder in the country of origin or other country has been made;
• To indicate preferred types of activity;
• Preferred company name;
• To make prepayment of 50%;
• Power of attorney (if company is registered by power of attorney).

Fee for registration of company shall include:

1) Reservation of company name.

2) Preparation of company incorporation documents.

3) Notary Public fee.

4) Fee for the Centre of Registers.

5) Production of stamp.

6) Opening of company bank account.

7) Providing company with legal address for 1 year.

Registration of Ltd. shall last 3 business days upon formation of the authorised capital, while sale of registered company shall last 5 business days upon approval of purchase and sale documents by Notary Public.

The price for registration and sale of company please ask our manager!

Foreigner, who works in Lithuanian Ltd., has to employ himself/herself in the own company, to fix himself/herself not less than minimum monthly wage set by the Government of the Republic of Lithuania and to pay taxes of thereof every month (social insurance of 39,8% + income tax of 15%). It is also required to pay the same taxes for each employed employee (the number of them cannot be less than three).

The authorised capital of JSC (joint-stock company) shall amount to not less than EUR 43.443. Shares of joint-stock company may be sold or distributed publicly. Indefinite number of shareholders shall be allowed. Shares of JSC may be only intangible.

Requirements for registration of JSC in Lithuania

If incorporator is a natural person:

• Copy of passport of all shareholders and the passport page where the record of permanent residence address of each shareholder in the country of origin or other country has been made;
• To indicate preferred types of activity;
• To make prepayment of 50%;
• Power of attorney (if company is registered by power of attorney).

If incorporator is a legal entity:

• Articles of Association;
• Extract;
• List of shareholders;
• Copies of beneficiaries’ passports are also required.

Fee for registration of JSC in Lithuania shall include:

1) Articles of Association and Minutes of Company in Russian/Lithuanian; English/Lithuanian; French/Lithuanian.

2) Incorporation Agreement in Russian/Lithuanian; English/Lithuanian; French/Lithuanian.

3) Notary Public fee, visit, accompaniment in Notary Public Office.

4) Fee for the Centre of Registers.

5) Production of stamp.

6) Opening of company bank account (If director or shareholders are not Lithuanian citizens, it shall be required to pay separately the bank fee for opening of account from EUR 145 to EUR 200, the amount shall depend on bank).

7) Providing company with legal address for 1 year

8) Term for performance – 20-25 business days upon making the payment and receipt of documents required for registration.

On the issues related to the price for registration of JSC in Lithuania please contact our manager!

In such company only one foreigner (not UE citizen) shall be allowed to work, this shall be a company owner. Upon registration of the company, it is required to employ three Lithuanian citizens for entire 8 hours duration working day in the same way as in Ltd. Owner’s equity shall amount EUR 29.000.

Owner’s equity shall be a column of balance sheet consisting of the authorised capital increased by income or reduced by loss. In order to extend residence permit, this column of balance sheet has to reveal EUR 29.000 each year.

Requirements for registration of Company: 

• Copy of passport and the passport page where the record of permanent residence address in the country of origin or other country has been made;
• To indicate preferred types of activity;
• Preferred company name;
• To make prepayment of 100%;

Fee for registration of sole proprietorship shall include:

1) Reservation of company name.

2) Preparation of company incorporation documents.

3) Notary Public fee.

4) Fee for the Centre of Registers.

5) Production of stamp.

6) Opening of company bank account.

7) Providing company with legal address for 1 year.

Registration of sole proprietorship shall last 3 business days

In sole proprietorship you:

1) Shall be fully responsible by the own entire property.
2) Only you (company owner) may be employed in the sole proprietorship without permit of the Labour Exchange.
3) If you have already incorporated the sole proprietorship in your country, you are forbidden to open the sole proprietorship in Lithuania.
4) Sole proprietorship may not be sold, only closed.

Furthermore, company owner shall have to pay himself/herself minimum monthly wage not less than once for two months set by the Government of the Republic of Lithuania and taxes of thereof.

On the issues related to the price for registration of sole proprietorship in Lithuania please contact our manager!

Contribution to the authorised capital shall not be required for registration of branch of foreign company in Lithuania. Representative of branch in Lithuania shall have to obtain the permit in Labour Exchange (which shall be issued after 30 business days) for work in Lithuania. Receipt of the permit in the Labour Exchange shall enable to work and, if is necessary, to submit the documents for obtaining the residence permit in Lithuania. The Labour Exchange shall issue the permit for 1 or 2 years which must be extended in the future. Head of branch or representative office may occupy the position no longer than 3 years. Foreign citizens employed in main company may be sent on business trip to the branch or representative office for the same period. Everyone who works must obtain the permit in the Labour Exchange.

Our company shall process the documents for obtaining work permit in Lithuanian Labour Exchange for extra charge. More detailed information shall be sent upon the request.

Requirements for registration of branch of foreign company in Lithuania:

• Permit issued by the Labour Exchange for work in branch of foreign company.
• Documents of foreign company (the translation into Lithuanian is required) and copy of passport page where the record of permanent residence address of shareholders of foreign country in the country of origin or other country has been made.
• Copy of passport and the passport page where the record of permanent residence address of director of branch of foreign company in Lithuania has been made.
• Information on types of company activity.
• Power of attorney if is necessary (form of power of attorney shall be drawn up by our company).
• To make payment – 100%.

Fee for registration of branch of foreign company in Lithuania shall include:

1) Articles of Association and Minutes of Company in Russian/Lithuanian; English/Lithuanian or French/Lithuanian.

2) Incorporation Agreement in Russian/Lithuanian; English/Lithuanian or French/Lithuanian.

3) Notary Public fee, visit and accompaniment in Notary Public Office.

4) Fee for the Centre of Registers.

5) Production of branch stamp.

6) Opening of company bank account (If director or shareholders are not Lithuanian citizens, it shall be required to pay bank fee for opening of account, the amount shall depend on your chosen bank).

7) Providing company with legal address for 1 year.

Registration of branch shall last for 15 business days upon making the payment and receipt of all documents required for registration.

For the price of registration of branch of foreign company please contact our manager!

Companies with history shall be sold with the authorised capital of EUR 2.500, EUR 29.000 and EUR 43.443. Years of companies’ registration – 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021,2022. We can offer the companies that are currently carrying out their activity. Purchasing of such company shall enable a customer to submit the documents for obtaining the residence permit at once. The companies with temporarily suspended activity shall also be sold. In such case a customer shall have to wait 6 months for the submission of the documents for obtaining the residence permit and shall have to carry out the company activity. If the amount of the authorised capital of the company does not correspond to existing law, a customer shall not be entitled to work without the permit of the Labour Exchange, accordingly, to submit the documents for obtaining the residence permit. In such case a new director and shareholders shall be forced to increase the authorised capital of the company and to pay extra charge for such service in order to work in the company and to obtain the residence permit.

The new companies registered in the year 2023 shall be sold for EUR 2.500 – 10000 EUR.

Our prepared firms

UAB MIMOLARA; registration date – company in the process of registration. Authorozed capital – 10000 eur. Without VAT. Company for transport services.

UAB SLENGRA; registration date 2024-02-22 – company in the process of registration. Authorozed capital – 2500 eur. Without VAT.

UAB OSKREMA; registration date – company in the process of registration. Authorozed capital – 2500 eur. Without VAT.

UAB PURKEVA registration date – company in the process of registration. Authorozed capital – 2500 eur. Without VAT.

UAB LINGINSA; registration date – company in the process of registration. Authorozed capital – 2500 eur. Without VAT. 

UAB INSIDELA; registration date – company in the process of registration.  Authorozed capital – 2500 eur. Without VAT. 

UAB FORADA; registration date – company in the process of registration. Authorozed capital – 2500 eur. Without VAT.

UAB FEFRA; registration date – company in the process of registration. Authorozed capital – 2500 eur. Without VAT.

UAB BRINGSTONA; registration date – company in the process of registration. Authorozed capital – 2500 eur. Without VAT.

UAB ZANVERTA registration date – 2023-06-29. Authorozed capital – 2500 eur. Without VAT.

UAB CEOKATA; registration date – company in the process of registration. Authorozed capital – 2500 eur. Without VAT.

UAB LOUSEDA; registration date – company in the process of registration. Authorozed capital – 2500 eur. Without VAT.

UAB AELDERA; registration date – company in the process of registration. Authorozed capital – 2500 eur. Without VAT.

UAB VANGADA; registration date – company in the process of registration.  Authorozed capital – 2500 eur. Without VAT.

UAB DOFETA; registration date – company in the process of registration.  Authorozed capital – 2500 eur. Without VAT.

Example of amounts of authorised capital if Ltd. is incorporated by 1, 2 or 3 shareholders

If one or 2 foreigners (not UE citizens) wish to work (without the permit of the Labour Exchange) in Lithuanian company and to obtain the residence permit, they shall have to register Ltd. or to purchase already registered company with the authorised capital of EUR 29.000.

If 3 foreigners (not the UE citizens) wish to work (without the permit of the Labour Exchange) in Lithuanian company and to obtain the residence permit, they shall have to register or to purchase already registered Ltd. with the authorised capital of EUR 43.443.

Requirements for purchase of Ltd.:

• Copy of passport of all shareholders and the passport page where the record of permanent residence address of each shareholder in the country of origin or other country has been made;
• To choose a company of the presented list;
• To make prepayment of 100%;
• Power of attorney (if company is registered by power of attorney).

Fee for registration of Ltd. shall include:

1) Incorporation documents of company in Russian and Lithuanian.

2) Notary Public fee, visit, accompaniment in Notary Public Office.

3) Fee for the Centre of Registers.

4) Company stamp.

5) Opening of company bank account and accompaniment in bank (If director or shareholders are not Lithuanian citizens, it shall be required to pay bank fee for opening of account, the amount shall depend on your chosen bank).

6) Providing company with legal address for 1 year.

Term for purchase/sale of company – 5 business days upon making the payment and receipt of all documents required for registration. This may be performed by power of attorney (if you wish to hasten the performance, you shall have to arrive to Lithuania).

For the price of registration and sale of company please contact our manager!

Foreigner, who works in Lithuanian company, has to employ himself/herself in the own company, to fix himself/herself not less than minimum monthly wage set by the Government of the Republic of Lithuania and to pay taxes of thereof every month (social insurance of 39,8% + income tax of 15%). It is also required to pay the same taxes for each employed employee (the number of them cannot be less than three).