Set Up a UAB in Lithuania: Private Limited Company Guide

A company type that is generally selected for incorporation is the private limited liability company in Lithuania – Uzdaroji Akcine Bendrove (UAB), a business form that requires a capital of EUR 1,000 in 2026. Our company formation agents in Lithuania can offer more information on the requirements for setting up a UAB and can assist foreigners in setting up this business form.

Quick Facts
Types of LLCs	Investors can set up only the limited liability company (Uzdaroji Akcine Bendrove).
Most suitable for	One can set up a UAB in Lithuania for almost all business activities regulated under the Lithuanian law.
Minimum number of shareholders	1
Maximum number of shareholders (if applicable)	250
Law regulating the procedure to open a limited liability company in Lithuania	Law on Companies.
Institution in charge with the registration of the LLC in Lithuania	The Register of Legal Entities
Director requirements	In order to set up a UAB in Lithuania, the shareholders must appoint at least 1 director (the shareholder can be the director, but if there are more shareholders, a board of directors can be set up).
Corporate taxes	The standard corporate tax is charged at a rate of 17%. Small companies and agricultural companies can benefit from reduced corporate tax rates of 0% or 7%. Credit institutions pay an additional 5% on taxable profit above EUR 2 million (22% in total from 2026).
Minimum requirements in order to open a limited liability company in Lithuania	Prepare and sign the incorporation documents, find a suitable office space, submit the minimum share capital (EUR 1,000), open a corporate bank account, obtain any business permits and licenses needed.
Apply for a business number (yes/no)	Yes
Foreign ownership rules	Foreigners can own 100% of the shares of a company registered in Lithuania.
Who can register a LLC	Tax residents who are individuals or companies. Foreign natural persons and legal entities can also set up a UAB in Lithuania.
Statutory documents of the LLC	The Articles of Association
Documents to prepare for the incorporation	Identity documents of the person registering the company, evidence on a temporary trading name issued by the Register of Legal Entities, evidence on having an official business office and a consent to use it from the owner of the premises, a statement of available funds, the company's incorporation documents.
Audit requirements (yes/no)	Yes (only if 2 of the following 3 conditions apply: net turnover is above EUR 3,5 million, total value of assets above EUR 1,8 million, number of payroll employees is of 50 in a financial year).

For what types of businesses is the UAB most suitable?

The UAB is the ideal vehicle for small and medium-sized enterprises, given its low capital requirements. It is also important to know that this business form can be selected for incorporation regardless of the activities you plan to develop in this country.

What are some of the most important registration steps?

In the list below, our specialists in company formation in Lithuania present some of the steps that must be taken in order to set up this company type:

the first step in opening a private limited liability company in Lithuania is checking the availability of the chosen name at the State Enterprise Centre of Registers;
then, the entrepreneur must prepare the articles of association;
a bank account must be opened at a local commercial bank;
another step in incorporating a UAB is applying for the taxes at the Tax-Payer, working under the State Tax Inspectorate;
it is also necessary to have a registered address in Lithuania.

What constitutes an acceptable registered address?

The company’s registered address can be either of the following:

a rented office space;
an office space which was purchased by the investor;
it is also possible to use the services of a virtual office (you can learn more about the benefits of this entity here).

Do I have to deposit the entire share capital upon registration?

No, you must deposit at least 25% of the share capital when registering the company. However, the company will still need the entire capital requirement, and this can be done after the process of company incorporation in Lithuania is successfully completed by the investors.

How many founders are necessary?

It may be formed by a single shareholder, but the maximum number may not be over 249.

Are there any nationality/residency requirements?

No. The founder of the company can have any nationality and he/she does not need to be a Lithuanian resident.

Must I have a local partner to open a UAB in Lithuania?

No, there are no requirements related to having a local partner for this type of company. This means that the foreign investor can have 100% full ownership.

Do I need to obtain business permits and licenses?

The licensing requirements will vary based on the industry in which the company will activate. Thus, the UAB may need to apply for trade licenses, special activity licenses or for general business licenses. An in-depth presentation on this topic can be provided by our consultant in company formation in Lithuania.

Do I need to pay registration fees?

Investors must know that the registration of a LLC in Lithuania requires the payment of a small fee, charged by the State Enterprise Center of Registers, where the incorporation procedure is done.

What is the administrative fee charged for the registration of the LLC?

The fee charged by the institution in 2026 is EUR 30,83. The same fee applies if the founder is a natural person or a legal entity. The fees charged in 2026 vary depending on the legal entity you will register, so if you want to register other business forms, you will have to verify the fees charged for 2026 by the institution.

Does your team charge company formation fees?

Yes, if you want to be represented by our team in the process of incorporating a limited liability company, please know that we charge specific fees. In 2026, our standard fee is EUR 750.

Can I register the company if I am not in the country?

Yes, you can grant us power of attorney and we can register the company on your behalf.

We invite you to watch the video below on how to set up a UAB in Lithuania:

How long does it take to register a Lithuanian UAB?

The process of company formation in Lithuania does not exceed 3 weeks after registration if all the requested papers are in order.

What is the tax regime applicable to the UAB?

The UAB is liable to the payment of all corporate taxes charged to businesses, such as the corporate tax, employment taxes, withholding taxes, value added tax (VAT) and any others stipulated by the law.

When do I need to register for VAT in Lithuania?

As the owner of a UAB, you must conduct VAT registration formalities if you are a VAT payer. Mandatory VAT registration must be concluded if the company’s annual taxable turnover is above EUR 45,000, according to the Lithuanian Ministry of Finance.

Below, we invite you to read our infographic presenting the steps necessary to register a Lithuanian UAB in 2026:

Can you provide corporate services in other European countries?

Yes, foreign investors can rely on us for legal services or incorporation assistance, which can be provided by our partners working in various European countries. Some of the countries where you can receive assistance are:

we can help you if you need to open a company in the Netherlands, where the time frame for incorporation is up to 4 weeks, compared to 3 weeks in Lithuania;
we can recommend you accountants in different countries, if you choose to open other firms in countries from Europe, such as Romania;
we can also help you with the company formation process in Bulgaria.

For assistance in registering a UAB, please contact our Lithuania company formation advisors.