Company types

The table below lists and describes the main company types that can be established in Lithuania. BusinessLT serves company foundations for all company types. For further detailed information, please contact us at any time, or read more about our company start up services.

 

Company typeLiabilityAuthorised capitalShareholders or membersRemarks
Private limited liability company
(UAB)		 Limited
  • Minimum 10.000 LTL (€2896.20)
  • Divided into shares
  • Up to 250 shareholders
  • Sharholders are natural persons or legal entities
  • Most common company type
  • Shares may not be traded or offered for sale publicly
Public limited liability company
(AB)		 Limited
  • Minimum 150.000 LTL (€43.443)
  • Divided into shares
  Shares may be traded or offered for sale publicly
Individual enterprise
(IĮ)		 Unlimited   The owner is a sole natural person
  • Maximum 1 individual enterprise per owner
  • Simplified accountancy
General partnership (TŪB)
 Unlimited   2-20 members
  • No securities available
  • No employment agreements required
  • Simplified accountancy
Limited partnership (KŪB) Unlimited   3-20 members
  • No securities available
  • No employment agreements required
Agricultural company (ŽŪB) Limited No minimum capital required 2 or more members
  • Minimum 50% of income from agricultural activity
  • Simplified accountancy
Cooperative society (KB) Limited   5 or more members Dividend limited to a maximum 10% of net profit
Public institution (VšĮ) Limited    
  • Is allowed to conduct economic activities
  • Non-profit