Company Setup in Lithuania
Company formation in Lithuania is completed through the Register of Legal Entities under a structured and transparent corporate framework. The most common structure is a private limited liability company (UAB), suitable for international and EU-focused operations.
Lithuanian Company Registration — Fast & Compliant
We handle incorporation, registry procedures and ownership structuring, ensuring your company is properly registered and compliant from day one.
- ✓Incorporation within a few business days with fully remote registration options
- ✓€1,000 minimum share capital for UAB with flexible shareholder structure
- ✓Strategic EU location connecting Western Europe, the Nordics and Central & Eastern Europe
- ✓Recognised fintech hub with a strong regulatory framework and growing startup ecosystem
- ✓Ready-made Lithuanian companies available for quick remote ownership transfer without personal visit or notary
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Company Formation Support in Lithuania (UAB or MB)
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✓Quick overview
Company registration in Lithuania provides access to the EU single market under a predictable corporate tax and regulatory framework.
Company registration in Lithuania is more predictable when the structure and documents are prepared correctly from the outset. Legal support helps ensure compliance with corporate and notarial requirements, particularly in foreign-owned or cross-border cases.
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✓What You Receive
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Proper incorporation structuring minimizes registry corrections and delays, supporting a predictable start of business operations.
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Company Formation Packages in Lithuania
Select the company formation option in Lithuania based on your preferred registration method. Each package includes UAB or MB incorporation and legal coordination from document drafting to entry in the Lithuanian register.
Notary-Assisted Company Formation (In Person)
Registration of a UAB or MB through a Lithuanian notary. We prepare incorporation documents, coordinate the notarial procedure, and ensure submission to the Lithuanian register.
Based near Lithuania
Frequent travelers
Those who value speed
- ✅ Tailored legal support
- ✅ Company structures to fit your needs
- ✅ Quick setup completed during your visit
Remote Company Formation (Power of Attorney)
Registration via notarised power of attorney. We represent the founder before the notary and coordinate registration without the need for personal presence in Lithuania.
Non-EU founders
Those unable to travel
No local ties
- ✅ No travel required
- ✅ Perfect for busy business owners
- ✅ Open to clients from outside the EU
Ready-Made Lithuanian Company (Share Transfer)
Acquire a ready-made Lithuanian company complete with a legal address and full documentation—the quickest route to begin with business operations in Lithuania.
Quick business start
No waiting time
Complex corporate structure
- ✅ Fully operational entity from day one
- ✅ Immediate start with remote handling
- ✅ Verified and legally compliant entity
Below we outline how registration works in practice, which company forms are available, and what tax considerations apply when setting up a UAB.
Why Lithuania Is a Practical Jurisdiction for Business Setup
Lithuania offers a clearly regulated framework for registering a private limited company (UAB), with structured incorporation procedures and predictable registration timelines within the EU.
Worth knowing
Small companies that meet statutory criteria may apply a reduced corporate income tax rate. Other entities are subject to the standard corporate income tax regime.
This regulatory clarity and competitive tax structure make Lithuania suitable for EU-oriented corporate structures.
Lithuania in Global Business Rankings
These rankings show how Lithuania has built a reputation as one of Europe’s most dynamic and entrepreneur-friendly economies.
| Index | Organization | Rank | Year / Scope |
|---|---|---|---|
| International Tax Competitiveness Index | Tax Foundation | 5th | 2024, Global |
| Ease of Doing Business | World Bank | ~11th / ~190 | 2020, Global |
| Global Entrepreneurship Index (GEM) | GEM Consortium | 2nd | 2024, Global |
| Global Innovation Index (GII) | WIPO | ≈34th–39th | 2024, Global |
| Economic Freedom (Europe) | Heritage Foundation | 10th / 44 | 2024, Europe |
| World Competitiveness Ranking | IMD | ≈34th | 2024, Global |
| Startup Ecosystem Ranking | StartupBlink | ~19th | 2024, Global |
| Business Reforms & Regulation | World Bank | 4th / 28 | 2023, EU |
International rankings consistently place Lithuania among competitive EU jurisdictions for taxation and business regulation. Beyond the data, the country offers a stable corporate framework and accessible administrative procedures.
- Strategic location. Positioned between Western Europe and Nordic and Eastern markets.
- Competitive corporate taxation. A standard corporate income tax regime applies, with reduced rates available for eligible small entities.
- Innovation-focused environment. Lithuania has developed a recognised fintech and technology ecosystem.
- EU single market access. Full participation in the EU and Eurozone facilitates cross-border operations and VAT registration.
These structural factors make Lithuania a practical jurisdiction for establishing and operating an EU-oriented company.
Key Considerations Before Company Registration
Before establishing a Lithuanian private limited company (UAB), it is important to understand the core legal, structural, and tax requirements applicable to incorporation and ongoing operations.
Did you know?
Lithuania has developed a well-recognised fintech sector under the supervision of the Bank of Lithuania. More than 280 fintech companies operate in the country, serving millions of clients across the EU, including licensed electronic money and payment institutions.
Source: Bank of Lithuania
The following structural elements are particularly relevant when registering a company in Lithuania:
- Share Capital. The minimum share capital for a UAB is €1,000, of which at least 25% must be paid prior to registration. Public limited companies (AB) require substantially higher capital.
- Ownership and Management. A UAB may be established by a single shareholder, who may also act as director. There is no residency requirement for shareholders or management.
- Corporate Taxation. Companies are subject to the Lithuanian corporate income tax regime. Reduced rates may apply to eligible small entities in accordance with statutory conditions. Dividend and VAT obligations apply separately.
- Banking and Payments. Lithuanian companies may open accounts with local banks or licensed EU payment institutions, subject to standard compliance and due diligence procedures.
Understanding these elements ensures that the incorporation process is aligned with the intended business model and operational plans.
Business Entities Available in Lithuania
Lithuanian corporate law provides several legal forms for business activities. The most commonly used structure for commercial operations is the private limited liability company (UAB).
Statistics
According to official data, more than 150,000 commercial entities are registered in Lithuania, with UAB representing the majority of active companies.
The principal legal forms include:
- Private Limited Liability Company (UAB — uždaroji akcinė bendrovė). A separate legal entity with limited shareholder liability. Minimum share capital is €1,000. Suitable for small and medium-sized businesses and most international structures.
- Public Limited Liability Company (AB — akcinė bendrovė). Designed for larger operations and capital raising. Requires substantially higher share capital and a supervisory structure.
- Small Partnership (MB — mažoji bendrija). A flexible structure without minimum share capital, typically used for small-scale operations.
- Individual Enterprise (IĮ — individuali įmonė). A sole trader model without separate legal personality. The owner bears unlimited liability.
- General Partnership (TŪB — tikroji ūkinė bendrija). A partnership with unlimited liability for all partners.
- Limited Partnership (KŪB — komanditinė ūkinė bendrija). A structure combining managing partners with unlimited liability and limited partners whose liability is restricted to their contribution.
Detailed regulation of these legal forms is set out in the Lithuanian Law on Companies and related corporate legislation.
Why Entrepreneurs Choose Us
Company registration in Lithuania is procedurally straightforward, but proper structuring requires attention to legal, tax, and compliance details. Professional coordination reduces the risk of delays, registry corrections, or structural mistakes at the incorporation stage.
- Established practice. Over a decade of experience in corporate and regulatory matters, with thousands of company registrations handled.
- Integrated legal and accounting support. Company formation, tax registration, compliance coordination, and ongoing corporate maintenance provided within one structure.
- Regulatory awareness. Continuous monitoring of corporate, tax, and compliance developments affecting Lithuanian companies.
- Structured approach. Each company is incorporated based on its ownership structure, planned activities, and operational model.
- End-to-end coordination. Preparation of incorporation documents, notary coordination, VAT registration (where applicable), and post-registration corporate support.
Eesti Firma acts as a long-term corporate partner, ensuring that incorporation is aligned with regulatory requirements and future business development.
Initial Consultation and Engagement
Establishing a company in another jurisdiction requires clarity on legal structure, tax implications, and registration procedures. We begin with a preliminary consultation to assess your intended business model and recommend an appropriate incorporation approach in Lithuania.
During this discussion, we outline the registration process, required documentation, expected timelines, and any regulatory considerations relevant to your planned activities.
FAQ | Frequently Asked Questions
Below are answers to frequently asked questions regarding company registration in Lithuania, including legal requirements, taxation, and procedural matters.
- What is the most popular type of company in Lithuania?
The most commonly used legal form in Lithuania is the UAB (Uždaroji akcinė bendrovė), equivalent to a private limited liability company. It provides limited shareholder liability, flexible management structure, and is suitable for most commercial activities.
- Can foreign individuals own a Lithuanian company?
Yes. Lithuanian law does not impose nationality or residency restrictions on shareholders or directors. Foreign individuals may own 100% of the shares in a UAB and act as company directors, subject to general legal and compliance requirements.
- Is a legal address required to register a company in Lithuania?
Yes. A registered office address in Lithuania must be specified in the incorporation documents. The address is recorded in the Lithuanian register and used for official correspondence with state authorities.
- How long does it take to register a company in Lithuania?
Online registration usually takes 3–5 business days. If notarial certification or more complex procedures are needed, it may take 1–2 weeks.
- What is the minimum share capital for a UAB?
The minimum share capital for a Lithuanian private limited company (UAB) is €1,000. At least 25% (€250) must be paid prior to registration, with the remaining amount contributed within the first year in accordance with statutory requirements.
- Where can a Lithuanian company open a bank account?
A Lithuanian company may open an account with local commercial banks (such as Swedbank, SEB, or Artea) or with licensed EU electronic money and payment institutions, including Paysera, Revolut, and Wise. Account opening is subject to standard compliance and due diligence procedures.
- Is accounting mandatory for Lithuanian companies?
Yes. All Lithuanian legal entities are required to maintain accounting records in accordance with national accounting regulations. This obligation applies even to inactive companies, which must still submit annual financial reports.
- When must the annual report be filed?
The annual financial statements must be submitted to the Register of Legal Entities (Registrų centras) by 31 May of the following year. Corporate income tax declarations are generally due by the 15th day of the sixth month after the end of the financial year (e.g., 15 June for a calendar year).
Note: The FAQ is for general information only and does not constitute legal or tax advice. Requirements may vary depending on your circumstances.
