Setting up a Sole Proprietorship in Lithuania

Definition and Formation A sole proprietorship (individual enterprise) is a private legal entity with unlimited civil liability, owned by a single natural person. Only a legally capable natural person can…

Establishment of an Association in Lithuania

Association An association is a public legal entity with limited civil liability and its own name, established to coordinate the activities of its members, represent their interests, protect them, or…

Formation of a Credit Union in Lithuania

Establishment of a Credit Union Credit union shall mean a credit institution satisfying the economic and social needs of its members and holding a licence to engage and engaged in…

Foundation of Agricultural Company in Lithuania

Agricultural cooperative A company formed for the purpose of production and commercial activity, whose income over the period of an economic year for agricultural production and services rendered to agriculture,…

Establishment of Trade Union in Lithuania

Trade Union Persons who are legally employed under an employment contract or on other statutory grounds in the territory of the Republic of Lithuania shall, in accordance with the procedure…