|
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. |
Unlimited |
Minimum amount of capital |
None (MB members define contributions) |
≥ €2,500 |
≥25,000 EUR |
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 |
There are some things you need to consider when choosing the right business type for your company. That’s why we’ve put together a guide that will take you through all you need to know.
Having an affiliate or representative office can be a great way for companies to expand and grow their operations without having to worry too much about the burden on their resources.
Setting up a business in Lithuania is straight-forward and stress free. All you need to do is check that you have all the necessary documents before you apply.