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 2, 500 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.