Establishment of a Limited Liability Company (UAB)
UAB ESTABLISHMENT
A Private Limited Liability Company (UAB) is one of the most commonly chosen legal entity forms in Lithuania, especially among small and medium-sized businesses. It is a limited liability legal entity whose shares are not publicly traded, and their transfer can be restricted by the company’s articles of association. Due to its flexible management structure and relatively low incorporation and administrative costs, a UAB is an excellent choice for those looking to start a business.
Our team can help you establish a UAB quickly and smoothly by preparing all the necessary documents and providing guidance at every step.
For any questions about setting up an UAB, 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:
- 3-5 business days
COMPANY ESTABLISHMENT COST:
- Starting from €230
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)
UAB ESTABLISHMENT ONLINE
230€
ex VAT
UAB ESTABLISHMENT VIA NOTARY
370€
ex VAT
Establishment of a UAB online
This is a fast, simple, and cost-effective way to start a business. All incorporation documents are signed remotely, so you can set up your UAB without leaving your home. All you need to do is choose a company name and have a valid electronic signature – the rest will be handled by our team. We will register your chosen name, prepare the necessary incorporation documents, and provide a registration address. All you need to do is form the share capital and sign the documents. 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 online establishment of a UAB, you can consult with us:
Phone: +370 615 32117
Email: [email protected]
UAB establishment through a notary
This method of establishing a UAB is less convenient, but sometimes it’s necessary. Companies are often established through a notary by foreign citizens who cannot complete the process electronically due to the lack of a Lithuanian electronic signature. This option is also recommended for those who require special or non-standard company formation documents. Our team will assist in preparing all formation documents; you will only need to provide the necessary information and form the share capital. This is the most expensive method, as it includes notary fees for document certification.
For any questions regarding the online establishment of a UAB, you can consult with us:
Phone: +370 615 32117
Email: [email protected]
UAB PROS
In the event of a company’s failure, a shareholder risks only their contributed assets, thus protecting their personal wealth.
To attract additional investment for expansion, a UAB can issue new shares, which investors can purchase by paying a specified amount of money.
UAB shareholders have the right to sell, gift, or otherwise transfer their shares to other individuals. Additionally, a shareholder can bequeath their shares to their heirs.
Tax Benefits of a UAB: If the average number of employees does not exceed 10 and the taxable period’s revenue does not exceed €300,000, a reduced profit tax rate of 5% is applied instead of the usual 15% rate.
UAB CONS
Minimum share capital requirement of at least €1,000.
Complex accounting practices.
UAB shareholders can only withdraw profits in the form of dividends or by receiving a salary, but in such cases, they will have to pay significant taxes.
More About Private Limited Liability Company (UAB)
A Private Limited Liability Company (UAB) is a legal entity where shareholders are only liable for the company’s obligations up to the amount of their investment, not their personal assets. This provides security for both novice entrepreneurs and investors.
To establish a UAB, it is necessary to deposit a minimum share capital, which currently amounts to 1000 euros. This is required to complete the registration process and begin operations.
The establishment of a UAB can be initiated by both individuals and legal entities, and the number of founders can range from one to several. UAB is one of the most popular business forms in Lithuania and abroad, making it ideal for those looking to expand their business internationally or collaborate with foreign partners.
It is important to note that UAB shareholders can also be legal entities, which facilitates raising investments by issuing new shares. This makes UAB an attractive choice for those seeking to raise capital for business expansion, as only UAB offers this opportunity — such an option is not available for a private limited liability partnership (MB) or sole proprietorship.
A UAB must be managed by a single director, and shareholder meetings must make the key decisions for the company. Shareholders have the right to vote according to the number of shares they own, so those with the most shares have the most influence on decision-making.
