Business in Europe

The European Union (EU) market is one of the largest markets in the world, thanks to which
Lithuanian companies are part of this dynamic market. Lithuania has a business-friendly legal
and tax system. A favorable tax environment is the key to effective business development. If
you have decided to start or expand an existing business, we offer you to purchase a company
in Lithuania. It is possible to establish or buy an already established company quickly and
even remotely. We offer to purchase the following newly established companies and to start
the activity immediately.
The specialists of our company will help you effectively solve the issues of establishing a
company. With the help of our specialists, establishing or buying a company will be quick
and smooth. We offer you to choose from the following most popular legal forms of
companies:

UAB – limited liability company
UAB is one of the most popular legal forms. It is a legal entity with limited civil liability,
whose authorized capital is divided into shares. The minimum amount of UAB authorized
capital is 1000 EUR. UAB founders are called shareholders. The number of shareholders can
be from 1 to 250. The assets of the company are separate from the assets of the shareholders.
The shareholders of UAB are liable only for their contributions to the authorized capital of
UAB. Their personal assets are not at risk of the company’s debts and liabilities. You can
choose the UAB legal form when you establish a company alone or together with business
partners.

MB – small partnership
A small partnership is another popular form of business. It is a legal entity with limited civil
liability. The members of the small partnership are only responsible for their contributions to
MB. MB does not have a requirement for the size of the authorized capital, which means that
the member’s contribution can be EUR 1. The number of MB founders cannot exceed 10. MB
members (founders) or an appointed director manages a small partnership. The MB director
can be a member of the MB, but the director does not work under an employment contract (a
civil service contract is concluded). Only the minimum social security tax is paid for the
director.

IĮ – individual enterprise (sole proprietorship)
Only one person owns a sole proprietorship. The owner of a sole proprietorship is its main
and sole founder. It is a company with unlimited civil liability. The owner of individual
enterprise is personally responsible for all the company’s obligations. This means that in case
of failures or debts of the sole proprietorship, his personal assets are at risk. There is no
requirement for the size of the authorized capital. The owner of an individual enterprise is not
obliged to contribute the authorized capital, as is required when establishing legal entities of
other legal forms (e.g. UAB, MB).

VšĮ – public institution
A public institution is a non-profit legal entity with limited civil liability. Public enterprises
are created in order to do activities that are useful to society and satisfy public interests. This
means that the profit of the public institution is not paid to the members, like for example
dividends in UAB. The profit of the public institution must be allocated to satisfy the public
interest, to finance further projects. The founders of the public institution do not risk their
personal assets. Founders of a public institution are called participants. Founders can be
natural and legal persons. The advantages of this type of company include the fact that it is a
legal entity with limited civil liability and the size of the authorized capital is not set for this
form of business.