Corporate Services in Lithuania

AT A GLANCE

  1. Corporate services provide a Lithuanian company with the operational infrastructure it needs to function: a legal registered address, a bank account, correctly drafted corporate documents, and the management presence required by Lithuanian law.
  2. A virtual office in Vilnius provides a legitimate registered address with mail handling from €50 per month — the minimum requirement for any Lithuanian company that does not have physical premises.
  3. Bank account opening in Lithuania has become more complex in recent years; we coordinate with multiple banks and payment institutions to maximise approval rates for foreign-owned and newly incorporated companies.
  4. The JADIS system — Lithuania’s register of beneficial owners — requires every Lithuanian company to declare its ultimate beneficial owners. Failure to comply results in the company being suspended from commercial activity.
  5. Director services and shareholder services provide the management and governance infrastructure for companies that need a local director, a corporate secretary, or ongoing support with Lithuanian shareholder and board administration.
Short answer
Corporate services for a Lithuanian company cover the practical infrastructure that makes a company operational beyond the moment of registration: a legal address, a functioning bank account, correctly prepared corporate documents, beneficial ownership compliance, and — for foreign-owned companies without a local presence — a local director or corporate secretary. We provide all seven corporate services as standalone engagements or as a coordinated package for companies setting up in Lithuania for the first time.

Corporate Services: What We Provide

Seven corporate services are available individually or as a coordinated package. Each links to a dedicated supporting page with full details, document requirements, and pricing.

Every Lithuanian company must have a registered address — the legal address at which official correspondence is sent and at which the company is considered to conduct its registered activities. A virtual office provides a legitimate Vilnius registered address with mail scanning and forwarding, without requiring the company to lease physical space. For companies that do need a physical workspace, we provide access to private offices and co-working space in central Vilnius.

What this service includes:

  • Registered address in Vilnius — a legitimate address for JAR registration and all official correspondence
  • Mail handling — scanning and forwarding of all official correspondence received at the address
  • Notification service — immediate email notification when official mail is received
  • Meeting room access — use of meeting rooms in Vilnius for client meetings and notary appointments
  • Physical office lease coordination — introduction to physical office providers in Vilnius for companies requiring dedicated workspace
  • Address change management — updating the registered address with JAR and VMI when the company moves

Opening a Lithuanian company bank account has become a significant step in the setup process — Lithuanian banks apply rigorous AML/KYC screening to new corporate accounts, and the approval process can take days to weeks. For foreign-owned companies, companies with complex ownership structures, or companies in higher-risk sectors, the process is more demanding. We prepare the application documentation, advise on the most appropriate banking option for the company's profile, and coordinate with the bank throughout the onboarding process.

What this service includes:

  • Bank selection advisory — identifying the most suitable bank or payment institution based on the company's ownership structure, activity, and transaction profile
  • Application document preparation — all required KYC documentation prepared and formatted for the specific bank's requirements
  • Beneficial ownership documentation — ultimate beneficial owner declarations and supporting documentation
  • Business plan and source of funds documentation — prepared in the format that maximises approval likelihood
  • Appointment coordination — scheduling bank meetings and preparing the company representatives for the interview
  • Payment institution (EMI) alternatives — advising on EMI account options where a traditional bank account is unavailable or slow
  • Multi-currency account advisory — for companies with international payment flows requiring EUR, USD, GBP, or other currency accounts

A Lithuanian company generates corporate documents throughout its life — from the articles of association at incorporation to shareholder resolutions at each annual general meeting, board decisions for operational matters, share transfer documentation when ownership changes, and JAR filings whenever company data is updated. Corporate documents must comply with Lithuanian company law requirements to be valid. We prepare, review, and file all corporate documents — in English and Lithuanian where required.

What this service includes:

  • Articles of association — standard or bespoke; drafted for the specific ownership and governance structure
  • Shareholder resolutions — for all matters requiring shareholder approval: dividend declarations, capital changes, director appointments, major transactions
  • Board of directors decisions — for matters reserved to the management board under the articles
  • Share transfer documentation — share purchase agreement, transfer deed, and JAR register update
  • Dividend declaration documentation — shareholder resolution, distribution calculation, and payment record
  • Capital increase or reduction — documentation for changes to the registered share capital
  • JAR filings — registering changes in directors, shareholders, registered address, and articles with the Centre of Registers
  • Apostille and legalisation coordination — for corporate documents required by foreign authorities

For international companies establishing a Lithuanian team, recruitment is one of the most operationally intensive early challenges — finding candidates who combine the right skills with English proficiency and cultural fit for an internationally-managed company. We provide recruitment services specifically for international companies hiring in Lithuania — sourcing, screening, and shortlisting candidates for roles that require both technical competence and the ability to work in an international environment.

What this service includes:

  • Role specification and market rate advisory — defining the role and confirming market salary benchmarks for Lithuania
  • Candidate sourcing — active search through professional networks, LinkedIn, and specialist job platforms
  • CV screening and initial qualification — filtering applications against the role specification
  • First-round interviews — structured competence-based screening interviews in English
  • Shortlist presentation — typically 3–5 qualified candidates with assessments and salary expectations
  • Reference checking — verifying employment history and professional references for final candidates
  • Offer support — advising on competitive offer structuring for the Lithuanian market
  • Standard: €2,000 per hire; placement guarantee included

JADIS is Lithuania's register of beneficial owners of legal entities — introduced under the EU's Anti-Money Laundering Directives and managed by the Centre of Registers. Every Lithuanian company must register its ultimate beneficial owners (the individuals who own or control more than 25% of the company) in JADIS. Failure to comply results in automatic suspension of the company from commercial activity. JADIS data must be updated whenever the beneficial ownership changes and confirmed annually. We manage JADIS registration and ongoing compliance for all our corporate clients.

What this service includes:

  • Initial JADIS registration — identifying and registering all ultimate beneficial owners at company setup
  • UBO analysis — determining who qualifies as an ultimate beneficial owner in multi-layer ownership structures
  • JADIS data update — registering changes in beneficial ownership when shares are transferred or ownership structures change
  • Annual JADIS confirmation — the annual declaration that the registered data remains accurate
  • Nominee and trust structures — advising on the correct JADIS treatment for companies with nominees or trust arrangements
  • JADIS compliance audit — reviewing current JADIS registration for existing companies to confirm accuracy
  • Rectification of incorrect registrations — correcting historical JADIS data where errors have been made

A Lithuanian UAB can be managed by a director of any nationality, but for some companies — particularly those in regulated sectors, those that need a locally-present management figure for banking or regulatory purposes, or those whose foreign director is unable to sign documents or attend appointments in Lithuania — a local director arrangement provides practical benefit. We provide local director services through a structured director service agreement, with clearly defined scope and decision-making authority.

What this service includes:

  • Local director appointment — a named Lithuanian-resident director for the company
  • Director service agreement — defining the scope of authority, the decision-making protocol, and the indemnification framework
  • Document signing — signing commercial contracts, bank documentation, and official filings on behalf of the company within the defined scope
  • Authority framework — defining which decisions the local director can take independently and which require express shareholder instruction
  • Regulatory compliance — the local director ensures the company's Lithuanian regulatory obligations are met
  • Bank signatory services — acting as an authorised signatory on the company's bank account where required
  • Resignation and succession — managing the transition when the company appoints an in-house director

Shareholder services provide the corporate governance administration that a Lithuanian company needs throughout its life — annual general meeting management, shareholder register maintenance, dividend process administration, and the documentation trail that confirms decisions were made correctly. For foreign-owned companies managed from abroad, shareholder services ensure that Lithuanian corporate governance obligations are met without requiring the foreign shareholder to travel to Lithuania for each routine matter.

What this service includes:

  • Annual general meeting management — preparing the AGM agenda, shareholder notice, resolutions, and minutes
  • Written shareholder resolution preparation — for decisions that can be taken without a physical meeting
  • Shareholder register maintenance — keeping the internal share register accurate and up to date
  • Dividend administration — preparing the dividend declaration resolution, calculating withholding tax, and coordinating payment
  • Share transfer administration — managing the transfer process from instruction to JAR registration
  • Corporate secretary function — the ongoing administrative role that ensures corporate governance compliance
  • Power of attorney preparation — preparing PoA documents for foreign shareholders who need a Lithuanian representative

Why Corporate Services Matter for Foreign-Owned Companies

A registered company without functioning corporate infrastructure is a legal shell. The registration creates the entity; the corporate services make it operational. For foreign-owned Lithuanian companies — managed from London, Dubai, Tel Aviv, or New York — the gap between registration and operational readiness is where most practical problems arise.

The registered address — more than a postbox

Every Lithuanian company must have a registered address. The address appears on the company’s JAR registration, its invoices, its contracts, and all official correspondence from VMI, JAR, and other authorities. A company without a valid registered address cannot be incorporated. A company whose registered address is a residential apartment (common among founders who try to use their own address) may face challenges: VMI may question whether the company is genuinely operating from that address; banks may be reluctant to open accounts for companies registered at residential addresses; and enterprise clients may raise questions about the company’s establishment. A professional virtual office address in Vilnius resolves all of these issues.

Bank account — the most frequently delayed step

In the current AML regulatory environment, Lithuanian banks have significantly tightened their corporate account onboarding processes. New companies, foreign-owned companies, and companies in fintech, crypto, or other higher-scrutiny sectors face the most intensive review. The most common causes of delay or refusal are: inadequate documentation of the company’s business model and expected transaction profile; inability to satisfactorily explain the source of share capital; unclear beneficial ownership documentation for multi-layer structures; and directors or shareholders who appear on adverse media or sanction-adjacent databases. We prepare bank applications specifically to address these scrutiny points, significantly reducing the incidence of requests for further information.

JADIS — the compliance gap most companies discover too late

JADIS (the beneficial ownership register) is not optional. Every Lithuanian company must register its ultimate beneficial owners within one month of incorporation. Companies that have not done so — which is a surprisingly large proportion of foreign-owned Lithuanian companies incorporated before 2020, when enforcement became more active — are technically suspended from commercial activity. The suspension does not always manifest immediately in visible ways, but it creates legal uncertainty about the company’s capacity to enter contracts and can affect bank account applications and regulatory licensing. We check JADIS status for every new client and bring non-compliant registrations into compliance as an immediate priority.

Director services — when a local presence is needed

Not every foreign-owned company needs a local director. A company whose foreign shareholder serves as director, signs documents electronically, and has a reliable power of attorney in place for Lithuanian administrative matters typically functions well without one. A local director adds value when: the company needs a Lithuanian-resident signatory for a bank account that requires one; when a regulatory authority expects to see a locally-present management figure; when the foreign director is frequently unavailable or unable to execute documents within required timelines; or when the company is in a regulated sector where the regulator assesses management presence as part of its licensing review.

Corporate Services Quick Reference

Service Why It Is Needed When to Set Up Recurring Obligation
Virtual office / registered address Legal requirement — every company must have a registered address Before or at incorporation Annual renewal; notify JAR of any change
Bank account opening Required to receive payments, pay suppliers, and pay share capital Within 1–2 weeks of incorporation No — one-time setup; ongoing banking relationship
Corporate documents Shareholder resolutions, board decisions, and JAR filings are required throughout company life On demand as corporate events arise Annual AGM; annual JAR confirmation
Recruitment services Finding qualified Lithuanian-based staff for internationally managed companies When the company is ready to hire No — per-hire engagement
JADIS registration EU AML legal requirement — all Lithuanian companies must register beneficial owners Within 1 month of incorporation Annual confirmation; update on any ownership change
Director services Local management presence for banking, regulatory, or operational reasons At incorporation or when need arises Monthly retainer while director is in role
Shareholder services Corporate governance compliance and administration for foreign shareholders At incorporation or when corporate secretary support is needed Annual AGM; ongoing as events arise

Corporate Services Pricing

All corporate services are available as standalone fixed-fee engagements or as a coordinated package. Monthly retainer services are confirmed after an initial scope assessment.

Service Price
Virtual office — registered address in Vilnius
Includes address registration, mail handling, and digital notification service
€400/year
Registered address change (JAR filing)
Updating registered address with Centre of Registers and notifying VMI
€650
Bank account opening assistance — standard company
Document preparation, bank selection advisory, and application coordination
€2,000
Bank account opening — complex structure or high-scrutiny sector
Extended advisory for multi-layer ownership structures, fintech, or crypto companies
€2,500
EMI / payment institution account opening advisory
Identifying suitable EMI providers and coordinating onboarding
€500
Articles of association (bespoke)
Customised for the ownership structure and governance requirements
€900
Shareholder resolution (standard)
Per resolution — dividend declaration, director appointment, capital changes, etc.
€750
Share transfer documentation
Share purchase agreement, transfer deed, JAR update
€850
Dividend declaration package
Resolution, withholding tax calculation, and payment documentation
€600
JAR filing (change of directors / shareholders)
Filing changes with the Centre of Registers
€850
Apostille and legalisation coordination (per document)
Coordinating notarisation, apostille, and certified translation
€800
Recruitment — standard hire (up to senior specialist)
Per placement; includes sourcing, screening, shortlist, and placement guarantee
€2,000
Recruitment — senior / management hire
Management and C-suite roles; quoted individually
On request
JADIS registration (initial — at incorporation)
Registering all ultimate beneficial owners in the Centre of Registers system
€300
JADIS annual confirmation
Annual declaration that registered data remains accurate
€180
JADIS update (ownership change)
Updating beneficial owner data following share transfer or restructure
€300
JADIS compliance audit (existing company)
Reviewing and correcting JADIS registration for companies not previously compliant
€500
Director services — monthly retainer
Scoped per engagement; based on transaction volume and authority requirements
On request
Director service agreement drafting
Service agreement defining scope, authority, decision protocol, and indemnification
€800
Annual general meeting management
AGM agenda, shareholder notice, resolutions, and minutes
€800
Corporate secretary — monthly retainer
Ongoing shareholder register maintenance, resolutions, and governance support
On request
Power of attorney preparation
PoA for foreign shareholder/director; English and Lithuanian; apostille coordination
€750

Frequently Asked Questions

Ready to set up corporate services for your Lithuanian company?

Contact us to discuss your company’s current status, ownership structure, and immediate priorities. We will confirm which services are most urgent, provide fixed-fee quotes, and can begin within 24 hours of your instruction. Virtual office, JADIS registration, and bank account assistance are available from the first day after incorporation.

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