Articles - Page 3 of 3 - Lithuania Company Formation

Establish a Subsidiary in Lithuania

A Lithuanian company where the majority of capital is owned by a foreign company is called a subsidiary. Foreign companies choose this type of company instead of branches because of the limited liability obtained by the foreign shareholder and because of the tax incentives offered, especially for companies coming from countries which have signed double tax treaties…

Company Act in Lithuania

The main laws the companies must obey in Lithuania are related to the Civil Code and the Law on Companies. The Law on Companies regulates activities such as: registration, liquidation, transformation, division, rights and duties of the members, registration of the branches. Also, in this law are specified all the details regarding…

Virtual Office in Lithuania

Lithuania is one of the three states with access to Baltic Sea and a member of the European Union since 2004. Moreover, in 2015, Lithuania became a member of the eurozone, as the euro became its national currency. Ever since, the country has followed an upward trend from an economic point of view and started…

Set up a UAB in Lithuania

As a foreign investor interested in opening a company in Lithuania, you must know that you have the possibility of choosing from several company types. Among these, limited liability companies are very popular. A company type that is generally selected for incorporation is the private limited liability company in Lithuania - Uzdaroji Akcine Bendrove (UAB), a…

Types of Lithuanian Companies

There are many types of companies in Lithuania that investors can incorporate. They can be the limited liability company, the joint stock company, the sole trader or partnerships. Investors can also operate here through a branch office. Lithuania represents one of the countries that are member states of the European Union…