Start your business
Most common types of entities for foreign investors and their features
Private limited liability companies (UAB) are considered most common among foreign-based enterprises. The table below provides information on the necessary steps needed to establish a UAB.
Should setting up your own greenfield investment project be too risky, there are always other options available that will allow to make your business happen in Lithuania:
Establishing a branch
By establishing a branch office and appointing a branch manager, a foreign company is able to reduce its costs. As far as Lithuanian law is concerned, the branch manager is the official branch office representative, and it is their responsibility to sign documents and organise the accounting of the branch office. Moreover, every branch office has to be registered with the Lithuanian Registry of Legal Entities, and is responsible for the maintaining of its own accounts.
Mergers and acquisitions
When acquiring an existing business in Lithuania, you can either purchase its shares or its business assets. If the existing business is conducted through a partnership or a branch office, you can only acquire the business assets.
Partnerships can be created directly by establishing a joint venture, a limited liability company, a general partnership or a limited partnership; or indirectly by the appointment of a commercial agent or a distributor or by setting up a network of franchisees.