Registration of Company in Lithuania

Company registration in Lithuania: rules of procedures

In order to register company in Lithuania, it is necessary to go through several important stages. Each stage involves collection, preparation and transmission of relevant documentation package, as well as presence of knowledge concerning Lithuanian rules of procedure. Law & Trust lawyers provide a comprehensive approach to registration of companies in Lithuania, and as a consequence, the client needs only to submit application and provide initial data needed to get started operation for the specialists. Application to the lawyers helps save a considerable amount of time and increase your chances of getting a positive response from a foreign state.

Company formation in Lithuania: selection of legal form

When registering company in Lithuania, selection of organizational and legal form is the first stage. The main types of undertakings in the territory of the jurisdiction include:

1. Private Joint-Stock Company (PJSC).
2. Public Office (PO).
3. Sole proprietorship (SP).
4. Small company (SC).

During company formation in Lithuania it is also important to consider the participants to management of the company and determine the scope of activities. Main operational field has the same effect on the level of tax rates, as the type of organizational and legal form.

The most cost-effective form of registration of business in Lithuania for non-residents is the establishment of Private Joint-Stock Company. PJSC can be founded by legal entity or natural person, but it has limited liability, namely: fulfills obligations only to its own creditors and shareholders.

The establishment of company in Lithuania shall be executed in the Center of Registers. Company Law & Trust offers carrying out procedures without leaving the founder's country. The client can submit all the information and signed forms by the means of the appointment of attorney.

Lawyer shall carry out collection of the package of documents, conduct verification of legal data and provide them at the place of registration of the company in Lithuania. The entire procedure takes about one week. The exact terms depend on a lot of factors. It is possible to clarify a detailed information concerning cost and terms of business establishment in Lithuania by the phone of the Law & Trust company’s office.

During registration of the company in certain organizational and legal forms in Lithuania, the presence of resident of the country or representative of another state with Lithuanian residence permit in the Board of Directors can be required. The company Law&Trust International also offers obtaining the last document within a short time.

When registering the residence permit, the client’s personal data and information about the state of his personal accounts will be required. For further registration process, it is necessary to provide the company name, which will fully comply with the legislation of Lithuania, as well as all the data about the directors and founders of the company.

Offshore companies in Lithuania

Registration of offshore company in Lithuania is not possible due to the lack of offshore zones in Lithuania. Registration of companies in the regions with low rate of taxation is available for the founders, but it is not the offshore zone in Lithuania.

Business in Lithuania: stages of establishment

1. Application of the client for a consultation concerning registration of the company in Lithuania. At this stage the signing of cooperation agreement and subsequent clarification of the applicant's needs take place, and our experts check the company name proposed by the client for compliance with the laws of Lithuania.
2. Collection of documents, which are required to be submitted to the Centers of Registers in Lithuania and the areas with low levels of taxation. Term of collection can be about one week, and during the entire period the lawyers will keep you informed about the progress of stage.
3. Transfer of the documentation package to Lithuania. Preparation and transfer take up to 10 working days, and after that the registration of the new enterprise is completed.

If in addition to the basic set of services of the lawyers of Law & Trust company, you chose registration of residence permit in Lithuania, several additional operational stages are required. In order to sign constituent documents after positive decision on registration of the new company, the client does not need to visit the territory of the foreign jurisdiction.

However, if the applicant is one of the participants of the Board of Directors of the company, the authorized authorities of Lithuania may require him to come to the territory of the country. Since November 1, 2015, there has been a number of amendments in the Lithuanian legislation, and all of them concerned the procedure and rules for obtaining residence permit in the country.

Law & Trust lawyers are aware in details of the procedure for issuing residence permit and all the stages of registration of companies in Lithuania, which will considerably simplify the business establishment. Prices for part of the services are indicated in the price list at the website, and the cost of the remaining services can be clarified during personal conversation.