Establishment of a Limited Liability Company (UAB)
UAB Establishment
A private limited liability company (UAB) is one of the most popular forms of legal entities in Lithuania, which is why most businesses choose it. Our team can help you establish this legal entity in just a few days. There are three main ways to establish a UAB:
- Company formation online;
- UAB formation through a notary;
- Or you can buy an already established UAB company from us.
For any questions regarding UAB formation, you can consult with us:
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:
– 2-5 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€
UAB ESTABLISHMENT VIA NOTARY
370€
Establishment of a UAB online
This is the fastest, most affordable, and most convenient way to establish a company, as all documents are signed remotely using a mobile signature, allowing you to complete the UAB formation without even leaving home. All you need to do is come up with a company name and have an electronic mobile signature; our team will handle the rest. We will register your desired name, prepare all the necessary formation documents, provide a registered address, and all you will need to do is form the share capital and review and sign the formation documents.
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]
More About Private Limited Liability Company (UAB)
A private limited liability company (UAB) is a legal entity with limited civil liability. This means that shareholders are not personally liable for the company’s failures or for any unmet obligations of the company. One of the primary requirements for establishing a UAB is the share capital requirement, which is currently set at €1,000. This means that you cannot complete the UAB registration process until you deposit at least this amount into the company’s bank account.
Both natural and legal persons can establish a UAB, and there can be one or more founders (shareholders). This legal entity is the most popular in Lithuania and is also well-known abroad. Therefore, if you plan to operate your business abroad or intend to have foreign partners, we recommend establishing a private limited liability company.
Since legal entities can also be shareholders, this is very advantageous for attracting new investments for the company’s expansion by issuing new shares. Legal entities are often the ones that invest in the development of other companies, which would not be possible when establishing a small partnership (MB) or an individual enterprise.
A UAB must have a single-member management body (director) and a general meeting of shareholders. Collegiate management bodies (e.g., a board of directors or supervisory council) are also possible. Major decisions are made by shareholders through voting. Each share acquired carries one vote, so the person or entity with the most shares will have the greatest influence in the general meeting of shareholders.
