In order to be registered as a Lithuanian ready-made limited company, all proposed new companies must have a valid registration number and no prior business experience. A new company can also be established on an individual basis.
Whenever you start a ready-made company, keep in mind that all of its bank accounts must be closed by its previous founders / management board / owners. Future owners of ready-made/shelf companies are provided with all relevant documents verifying that those companies do not have debts or financial obligations.
A number of shareholders and directors of the company may be of any nationality.
By issuing a power of attorney to the representative of Company in Lithuania UAB, the sale and purchase of the finished Lithuanian company can be conducted remotely. In order to complete and submit all applications on your behalf, we need just basic information from your side. Our team prepares a complete legal documentation package. It takes five working days for the Lithuanian Commercial Register to update its database once all the changes have been received, and the information about the new shareholder, the board of directors, and the company will appear on the Lithuanian Business Register website within five days.
Lithuanian ready-to-go companies offer a number of advantages:
- Establishing a new company takes 2–3 weeks longer than setting up an existing one.
- The authorized capital of 1,000 EUR has already been deposited in the finished company, so there is no need to contribute a registered capital.
- Buying a ready-made company from Lithuania does not require you to visit the country (the company can be purchased by proxy).
Many studies have shown that customers prefer companies with experience on the market because they appear to be trustworthy and have confidence in their expertise. As a result, the customer will feel confident that they can use your services since it will give the impression that they have been around for some time.
Getting incorporated takes time, and faster registration costs more due to higher state fees. Existing companies can be changed owners more quickly.
It may be advantageous to launch business projects with a company that has been operating on the market for some time. Tenders can only be submitted by registered companies for a certain period of time. Establishing a company is quick and easy since the share capital is already contributed.
Frequently asked questions
What are the benefits of buying a ready-made Lithuanian company?You can save weeks by choosing this option, and your company is able to start operating in the shortest time possible.
In Lithuania, how can shelf companies be purchased?The purchase can be completed remotely or by visiting the store. Contact our company specialists at [email protected] and we will suggest the most appropriate way for you to purchase your company in Lithuania.
Do Lithuanian companies have the option of changing their names before and after re-registration?Please let us know the new name you would like to have when purchasing a ready-made company in Lithuania, and we will assist you accordingly, before or after re-registration.
Are there any liabilities or debts associated with any of our Lithuanian companies off the shelf?As a company broker, we carefully verify all shelf companies before offering them to our clients. The companies we offer to our clients are only those with a clear history and no debts or financial obligations.
Can a Lithuanian company be re-registered using a Power of Attorney?By visiting Lithuania or using a Power of Attorney, you can obtain a Ready-Made Lithuanian company.
Are Lithuanian ready-made companies included in their prices?There are three components to this fee: a virtual office for a year, the preparation of necessary documents, confirmation of the company's share capital (EUR 1,000), notary services, and state fee.
Is there a bank account with any of our off the shelf companies in Lithuania?There are no bank accounts associated with any of the shelf companies offered. It has been closed by the former owners of all corporate accounts.
Is there a VAT number for any of our off-the-shelf companies from the Lithuanian tax department?Lithuanian VAT numbers are not available for the shelf companies on sale.
Are there any advantages to buying a ready-made company in Lithuania over starting one from scratch?It is true that acquiring a ready-made company simplifies the process. A ready-made company that needs to be re-registered takes a shorter time than one that needs to be set up from scratch.