Legal Framework for Business in Lithuania
The key Lithuanian laws that every company owner deals with — explained in plain English by the lawyers and accountants of Company in Lithuania UAB, with links to the official texts. Lithuania is an EU member state, so many rules (VAT, anti-money laundering, financial services) follow EU law.
Law on Companies of the Republic of LithuaniaThe main law for UAB and AB companies: incorporation, share capital, shareholders, management bodies, reorganisation and liquidation.Law on Financial Accounting of the Republic of LithuaniaWho must keep accounts, how accounting documents and registers are kept, and who is responsible for financial accounting.Law on Value Added Tax of the Republic of LithuaniaVAT rates, when a company must register as a VAT payer, VAT on EU and international trade.
This overview explains the law in plain English for business owners. It is not legal advice and does not replace the official text; laws change, so always check the current version. For advice on your situation, kontaktai.