Public Institution (VšĮ) Registration in Lithuania

A public institution (viešoji įstaiga, VšĮ) is a non-profit legal entity with limited liability that carries out activities of public interest: education, culture, science, health care, social services, sport, environmental protection and similar. A VšĮ may carry out economic activities, but its profit cannot be distributed to the founders – it is used only for the goals set in its articles of association. Company in Lithuania UAB team will help you register a VšĮ in Lithuania quickly and in full compliance with the Law on Public Institutions.

Main features of a public institution

  • Non-profit legal entity with limited civil liability
  • Founders (members) can be natural or legal persons, including foreign ones
  • No minimum capital: the contributions are set by the founders
  • Bodies: the general meeting of members and the head; a collegial management or supervisory body may also be formed
  • Profit is not distributed to the members and is used for the goals of the institution
  • A VšĮ can apply for the status of a support recipient and receive donations and the 1.2% share of personal income tax allocated by residents

Stages of VšĮ registration

  • Consultation on the goals and activities of the institution and choice of its name (name reservation, if needed)
  • Preparation of the founding act (or the founding agreement, if there are several founders) and the articles of association
  • Appointment of the head of the institution
  • Registered office address: consent of the owner of the premises or a business address
  • Signing of the documents electronically or before a notary
  • Submission of the documents to the Register of Legal Entities (Registrų centras) and payment of the state fee
  • Registration of the institution and, if needed, application for the status of a support recipient

Basic conditions of VšĮ registration:

Registration usually takes 3–5 business days after the documents are signed.

No minimum capital is required.

Founders can be natural or legal persons, including foreigners.

Registration is possible remotely by power of attorney.

Assistance in VšĮ registration includes the following:

  • Consultation on the legal form, goals and activities of the institution
  • Name check and reservation
  • Preparation of the founding act and the articles of association
  • Registered office address in Vilnius, if needed
  • Submission of the documents to the Register of Legal Entities
  • Assistance in opening a bank account
  • Application for the status of a support recipient
  • Accounting and tax services after registration

After registration, Company in Lithuania UAB accountants can keep the books of your institution, prepare the annual reports and advise on the taxation of its activities. More about our accounting services in Lithuania.

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