What are the similarities and differences between Lithuanian MB and UAB company types?

Similarities between the Lithuanian UAB and MB company types:

  • Both entities can be owned and managed by foreign individuals, local directorship is not mandatory.
  • Both UAB and MB fall under the spectrum of limited liability legal entities, meaning that shareholders and members share limited risk - only the entity can lose the assets contributed to it, but not the owners.
  • Both entities are granted a Lithuanian tax resident status from the moment of incorporation.
  • Both types of companies can conduct business activities in Lithuania and abroad (certain limitations might apply for licensable activities – contact us to find out about your case in particular).
  • The accounting and reporting requirements are very similar.

Differences between the Lithuanian UAB and MB company types:

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