ESTABLISHMENT OF A SOLE PROPRIETORSHIP
IĮ Establishment
In recent years, the sole proprietorship (individuali įmonė, IĮ) has significantly lost popularity as a legal entity choice among new entrepreneurs. This is mainly because a sole proprietorship is a private legal entity with unlimited civil liability. This means that the owner is personally liable with their own assets if any obligations or debts remain unfulfilled in the event of business failure. Therefore, it is advisable to consider other business forms before establishing this type of entity.
For any questions about setting up an IĮ, you can consult:
Phone: +370 615 32117
Email: [email protected]
OUR SERVICES:
– Free consultations
– Verification and registration of the business name
– Preparation of company founding documents
– Free provision of a registered address
– Option to order a company stamp if desired
COMPANY ESTABLISHMENT TIMEFRAME:
– 1-2 business days
COMPANY ESTABLISHMENT COST:
– Starting from €129
THE PRICE INCLUDES:
– Document preparation
– Free registered address for the first year
– Register of Legal Entities fees
– Data submission to JADIS (Legal Entity Information System)
IĮ ESTABLISHMENT ONLINE
169€
IĮ ESTABLISHMENT VIA NOTARY
369€
Establishing a Sole Proprietorship (IĮ) Online
Establishing a Sole Proprietorship (IĮ) Online is a cheap and quick way to start a business. All you need to do is come up with a business name and have an electronic mobile signature, and you can leave the rest to our team. You will be able to sign the documents without leaving your home. The entire process will take you only 1 hour. We will:
– Provide free consultation;
– Verify and register the business name;
– Prepare the company establishment documents;
– Provide a registration address for free;
– If desired, we will order a company stamp.
For any questions regarding the establishment of a Sole Proprietorship (IĮ), you can consult:
Phone: +370 615 32117
Email: [email protected]
IĮ Establishment Via Notary
For any questions regarding the establishment of a Sole Proprietorship (IĮ), you can consult:
Phone: +370 615 32117
Email: [email protected]
More About Establishing a Sole Proprietorship (IĮ)
Establishing a sole proprietorship is recommended if your business is entirely low-risk. Additionally, only one person can be the founder of a sole proprietorship, and that individual cannot own another IĮ. Our team can assist you in setting up a sole proprietorship in two ways: online or through a notary. To save time and money, we recommend establishing your IĮ electronically. This method saves on notary fees and allows for remote establishment. All you need is a mobile electronic signature and a company name; we’ll handle the rest.
