Business
The UAB private limited company at the Centre of Registers
The private limited liability company (UAB) is the standard vehicle, registered with the Centre of Registers. Minimum capital is EUR 1,000, and formation can be completed electronically.
Key rules
- A UAB requires EUR 1,000 minimum authorised capital.
- Registration is with the Centre of Registers (Registrų centras).
- Beneficial owners must be declared to the JADIS beneficiary information system.
Governing law
- Law on Companies (Akcinių bendrovių įstatymas)
- Civil Code, book on legal persons
In practice
Lithuania has actively courted fintech firms, and its licensing regime for e-money and payment institutions is a notable draw.