Types of Corporationsin Lithuania

• A private company (with the suffix UAB) or a public company of this sort (with the suffix AB) may be formed.
• One or more shareholders are required in order to found the company. The maximum number of shareholders in a private company must not exceed 250. There is no restriction on the number of shareholders in a public company.
• The minimum registered capital in a private company is Litas 10,000 (approximately Euro 2,896). The minimum registered capital in a public company is Litas 150,000 (Euro 43,443).
• Part of the registered capital must be paid in cash and cash equivalent according to the requirements of the law.
• The shareholders' undertaking is limited to the amount of the capital invested only.
• The management bodies of the company are determined by the general shareholders meeting.
• A public company must appoint a supervisory council or "board of management."

An agricultural company (with the suffix ZUB) in Lithuania

• This is a company in which at least 50% of its income is derived from agricultural activities.
• The company's liability is limited to the amount of the company's capital.

Additional types of companies in Lithuania:

• An individual enterprise.
• State enterprise
• Co-operative society.