How to incorporate a company in Lithuania?

Documents and information required for registering a new legal entity in Lithuania:

• Data about the director, shareholders and board members (if management board is formed): full names, residential addresses and copies of passports.
• Apostilled or otherwise certified Power of Attorney which authorizes the lawyers of the incorporating firm (if present) to represent the incorporators in the company registration process.
• Proposed name of the new Lithuanian company.
• The address of the new Lithuanian company (the address must be in Lithuania).

The steps of incorporating a Lithuanian company vary depending on the company type, however, here are the key steps applicable to all company types with unlikely exceptions:

• Selecting a name which is not already in use by other Lithuanian company of the same type.
• Appointing a director. The director does not have to be a Lithuanian citizen or a resident of Lithuania.
• Forming a management board (not mandatory) – the members are not required to be Lithuanian citizens/residents of Lithuania.
• Obtaining a Lithuanian address. Lithuanian companies are allowed to operate digitally, therefore, it does not have to be an office space, however, the address must be in Lithuania.
• Opening a bank account for the share capital (not applicable to the MB company type).
• Preparing relevant policies and other documentation as per the list above.
• Registering the company with the Lithuanian Centre of Registers.

If you are interested in company formation , corporate advisory, legal structuring or would like to discuss your case and/or get assistance in any of the related matters, do not hesitate to contact Nomad Law and receive an individual consultation free of charge.