The establishment of the legal person

Formation of a Charity and Support Fund in Lithuania

Establishment and Registration of Charity and Sponsorship Funds in Lithuania   A fund is a public legal person of limited civil liability having its own name and the objective of providing charity and/or sponsorship and other support, in accordance with the procedure laid down in the Law on Charity and Sponsorship of the Republic of Lithuania (hereinafter referred to as the “Law on Charity and Sponsorship”) and this Law, to legal and natural persons in the fields of science, culture,…

Founding of a Public Establishment in Lithuania

A public establishment in Lithuania shall be a non-profit public legal person of limited civil liability, the aim of which is to satisfy public interests by carrying out the activities useful to the public. The founders of a public establishment may be state or municipal institutions and other persons who are not seeking personal benefit from the activities of this establishment and who have concluded the memorandum of association of the public establishment. The number of founders shall not be…

Incorporation of the private limited liability company in Lithuania

Private limited liability company in Lithuania is a legal person with limited liability whose authorised capital is divided into shares.  It may be formed for any business not prohibited by the laws of the Republic of Lithuania. The amount of the authorised capital of a private limited liability company may not be less than LTL 10,000. A private limited liability company must limit the number of its shareholders to 250. The shares of a private limited liability company may not…

Incorporation of the public limited liability company in Lithuania

The public limited liability company - is a legal person with limited liability. The amount of the statutory capital of a public limited liability company may not be less than LTL 150,000. Its shares may be offered for sale and traded in publicly in compliance with the legal acts regulating securities market. The public limited liability company shall have its name defining the legal form it has taken including the words “akcinė bendrovė” (public limited liability company) or the acronym…