It is one of the most popular forms of companies in Lithuania.

Incorporation and activities of private limited companies are regulated by the Civil Code of the Republic of Lithuania, Law on Companies of the Republic of Lithuania, and other regulations.

Private limited company is a company, the authorised capital of which is divided into shares. PLC is a private legal person of limited civil liability. The authorised capital of a PLC must be at least LTL 10,000. The number of shareholders in the company must not exceed 250. The shares of private limited companies may not be distributed or traded publicly.

The incorporators of a private limited company may be natural and legal persons. Each incorporator of PLC must purchase the shares of the private limited company and become its shareholder. Each shareholder has the rights endowed by the shares of the company he holds.
Please, contact our team and we will perform the whole procedure of private limited company incorporation professionally and quickly. You will only have to arrive at agreed time and sign.
TIME PERIOD – the procedure of PLC incorporation takes 6-10 business days.

1. Temporary reservation of PLC name in the Register of Legal Entities (approx. 1 business day);

2. Preparation of PLC incorporation documents (approx. 1 business day);

3. Certification of PLC incorporation documents by a notary (approx. 1-3 business days);

4. Registration of PLC incorporation documents in State Enterprise Centre of Registers (5 business days).

You have to submit the following documents and information:

    • Information of incorporators (shareholders) (name, surname, personal number, address of declared place of residence). If an incorporator is a legal person – we need the company name, business ID, legal address, and name, surname, personal number, and address of declared place of residence of the director representing the company;
    • Information on the director of future PLC (name, surname, personal number, address of declared place of residence);
    • Name of the future PLC;
    • Precise legal address of the future PLC. The owner’s consent to provide the legal address for a PLC is necessary:

– if the owner is a natural person – consent certified by a notary;
– if the owner is a legal person – consent signed and sealed by the director;
– if the premises are mortgaged – consent of the bank, to which the premises are mortgaged;
– if the legal address of the PLC will be registered in the premises owned by one of the incorporators, the owner’s consent to provide the legal address is not necessary.

  • Information on the proportions of shares held by shareholders;
  • Information on the economic-commercial activities the PLC will engage in;
  • Information on intended management bodies (director/board);
  • Amount of intended authorised capital (minimum amount – LTL 10,000);
  • Nominal value of the shares.

We will prepare all documents, consult on the questions of PLC incorporation, coordinate the documents with a notary, arrange a meeting time, and represent at the notary’s office and State Enterprise Centre of Registers.

You will only have to arrive at agreed time and sign all documents.