Areas of activity

Real estate rent, pledging in Lithuania

According to the lease agreement of the parties (lessor) undertakes to give the tenant an object to temporarily manage, and use it for a fee, while the other party (the lessee) undertakes to pay the rent. Land lease agreement must include the following:   The ground lessor; land tenant; The ground lease object data recorded in the land register and the public register; The land lease term; The primary purpose of land use; rented out land-based facilities conditions of use…

Providing the address of registration

Company’s address of registration is required for all legal persons. It must be registered in the Register of Legal Persons. We can provide such address for your company. Legal person’s head office is considered a place registered in the Register of Legal Persons. If registered address of legal person in the Register of Legal Persons doesn’t match the permanent place of head office, a place where head office is should be considered legal person’s head office. We provide virtual registration…

Employment, dismissal, disciplinary sanctions

The right to work is one of the fundamental human rights that is enforced by the Constitution of the Republic of Lithuania. An employee is an individual with legal capacity. Legal capacity refers to a person's ability to have the rights and duties. It is a permanent and necessary to each individual state. Foreign citizens and persons without citizenship, permanent residents of the Republic of Lithuania, have the same legal capacity as all citizens of Lithuania. Employee acceptance Persons entitled…

Representation at bailiff’s office during recovery

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Representation at bailiff’s office during recovery

The representation is civil legal relationship that arises between representative and the one who’s being represented. A bailiff shall be a person authorised by the State, empowered by it to perform the functions of enforcement of writs of execution, to make material ascertainments on the factual circumstances, to serve proceedings and carry out any other functions provided by law. A bailiff may provide the services set forth in this Law unless this interferes with the performance of the bailiff’s functions.A…

Representation in state and municipal institutions

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Representation in state and municipal institutions

Relationship of representation arises when, on behalf of interest of the person, legal actions are performed by other person, a representative. Representatives act on behalf of the representative and so the representative becoms a party of legal action, it is to him, and not representative that will have consequences. In Lithuania Civil Code Article 2.132 states that individuals have the right to transact through their representatives, but there are also a kind of transactions which can not be made through…

Representation of Employer / Employee in Lithuania

Employers and employees may acquire, change, waive or defend labour rights through the entities representing them. Employees and employers may be represented both in collective and individual labour relations. Representation in collective labour relations based on the effective labour laws shall occur without the expression of will of an individual employee provided that such entity or person are representative of the will of the majority of the employees. Joint obligations assumed during such representation are binding on all employees who fall…

Labor Law

Labor legal relationships – specific social relationships for which subordination is typical. Subjects of such relationships are employer and employee, as well as organizations representing employees and employers. Full legal capacity occurs when a person is sixteen years old. Exceptions are set by Labor code and other related laws. Employer’s legal capacity arises from the moment of their creation. Employers gain labor rights and take the job responsibilities, as well as implement them through their bodies and administration. These organs…

Buying and selling of the shares

Shares are securities confirming the right of their owner (shareholder) to share in the management of the company, unless otherwise provided by law, the right to receive divided, the right to a portion of company’s assets remaining after the liquidation and other statutory rights. Transfer of Shares. Certificated shares or share certificates shall be transferred into the ownership of other persons by making a relevant entry in the share or in the share certificate, i.e. the endorsement. The endorsement shall…

Taxpayer Registration in Lithuania

Taxpayer registration   Registration in the Lithuanian Register of Taxpayers The general Register of Taxpayers has been established to handle the taxpayers’ accounting and to control the fairness of tax calculation, payment and withholding (hereinafter referred to as the Register).The following taxpayers, withholding agents and self-employed persons are registered in the… (read more)

Tax Return in Lithuania

Return of overpayments and inclusion of taxes in Lithuania Overpaid tax amounts are included in the taxpayer’s tax arrears. Overpaid tax amounts, which remain after covering tax arrears, shall be returned to the taxpayer. It is important to know that this procedure is introduced at the taxpayer’s initiative. If the… (read more)