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Lithuania: Types Of Company

Introduction

Apart from the business forms described below, other types of organisation forms include the Individual (Personal) Enterprise, the State Enterprise, the Agricultural Company and the European Economic Interest Grouping.

All business entities must register with the unified Register of Legal Persons (The Registrar), administered by the State Enterprise Centre of Registers. An application to register an entity must be accepted or rejected within five days.

A company acquires its legal personality on the date of registration.

Newly formed businesses of all types must also submit form FR0791 (“Statement of information concerning business registration/change in the taxpayers register”) to the local tax authority, which issues a taxpayer identification number.

Applications to register a company, and some of the required documents, have to be notarised. The notary is also responsible for verifying their contents, so far as that is possible.

 

 

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