Starting a business in Lithuania
Legal Forms of Companies
- Personaliné imoné or PI (Sole proprietorship)
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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)
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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)
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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)
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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)
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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
Business Setup Procedures
Setting Up a Company |
Lithuania |
Eastern Europe & Central Asia |
Procedures (number) |
4.0 |
5.3 |
Time (days) |
5.5 |
11.8 |
Source: Doing Business - Latest available data.
- The Competent Organisation
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The Company Register of Lithuania is the relevant organisation to be contacted for formalities in setting up a business.
- For Further Information
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Consult the Doing Business Website, to know about procedures to start a Business in Lithuania.
Trade Register, in Lithuanian.
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Latest Update: November 2024