Choosing the Type of Company
Below you’ll find all of the company types that are available to you. As you’ll see, the type of company you choose will be determined by the kind of activity and company formation you require.
Most common types of entities for foreign investors and their features:
|
|
Small Partnership (MB) |
Private limited liability company (UAB) |
Public liability company (AB) |
Individual enterprise (IĮ) |
Agricultural Company (ŽŪB) |
|
Minimum number of stakeholders |
1 member |
1 shareholder |
1 shareholder |
1 owner |
2 members |
|
Maximum number of stakeholders |
10 members. Only natural persons. |
Unlimited. Natural persons or legal entities. |
Unlimited |
1 owner. |
Unlimited |
|
Minimum amount of capital |
None (MB members define contributions) |
≥ €2,500 |
≥25,000 EUR |
None |
None |
|
Liability |
Limited civil liability – shareholders are not held personally liable for MB obligations |
Limited civil liability – shareholders are not held personally liable for UAB obligations |
Limited civil liability – shareholders are not held personally liable for AB obligations |
Unlimited civil liability – should business debts exceed the assets of the individual enterprise the owner is held personally liable |
Limited civil liability – members are not held personally liable for ŽŪB obligations |
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Choosing your business form
There are some things you need to consider when choosing the right business type for your company. That’s why we’ve put together a guide that will take you through all you need to know.
Having an affiliate or representative office
Having an affiliate or representative office can be a great way for companies to expand and grow their operations without having to worry too much about the burden on their resources.
Setting up a business
Setting up a business in Lithuania is straight-forward and stress free. All you need to do is check that you have all the necessary documents before you apply.