The Official Development Agency of the City of Vilnius

Choosing the Type of Company

Below you’ll find all of the company types that are available to you. As you’ll see, the type of company you choose will be determined by the kind of activity and company formation you require.

Most common types of entities for foreign investors and their features

 

Small Partnership (MB)

Private limited liability company (UAB)

Public liability company (AB)

Individual enterprise (IĮ)

Agricultural Company (ŽŪB)

Minimum number of stakeholders

1 member

1 shareholder

1 shareholder

1 owner

2 members

Maximum number of stakeholders

10 members. Only natural persons.

Unlimited. Natural persons or legal entities.

Unlimited

1 owner.
Only natural person.

Unlimited

Minimum amount of capital

None (MB members define contributions)

≥ €2,500

≥ €40,000 

None

None

Liability

Limited civil liability – shareholders are not held personally liable for MB obligations

Limited civil liability – shareholders are not held personally liable for UAB obligations

Limited civil liability – shareholders are not held personally liable for AB obligations

Unlimited civil liability – should business debts exceed the assets of the individual enterprise the owner is held personally liable

Limited civil liability – members are not held personally liable for ŽŪB obligations



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