The option how to incorporate a 

LITHUANIAN COMPANY

 

The client has a choice to either be the direct owner or to choose a parent company to own its new venture, following the 3 other options of choice:

1. Incorporating a new company with self-funded share capital via the Power of Attorney;

2. Order a company with your preferred company name and transfer shares;

3. Buy a Ready-made company;

​

PROCEDURE

​

1. Gathering information about the potential company activities, shareholders, and managing director.
    

2. Preparing its company document drafts. And reserving the company name. (POA step) In these documents shareholders – individual or parent company appoints our personnel via the Power of Attorney, then apostille the document. The appointment allows us to act on your behalf, in front of the Commercial Registry, Notary, and Bank;
    

3. Sign the documents and send them by post (DHL, TNT preferred). Original copy of the apostilled Power of Attorney is delivered to Vilnius;
    

4. (POA step) Adding the registration/legal address;
    

5. (POA step) Once the documentation is received we open a share capital accumulating bank account for the newly-founded company;
    

6. (POA step) Transferring a share capital of € 2500 to the accumulating bank account;
    

7. (POA step) Receiving the share capital from the bank in a certificate format and proceeding with it to the notary where Signing the company foundation documents;
    

8. Registering the company to the Commercial Register of Legal Entities 3-5 business days.
   In the case of a Sale and Purchase agreement / Equity transfer - registering the changes in the commercial registry for the company's new owners.

​

 

(OPTIONAL) Changing the accumulating bank account into a current one. Director can convert this account after the company is founded and it can be used for any non-crypto transactions.

​

The fastest way is 2nd option with incorporation with your preferred company name - it takes about 1 week to establish the company and another one to change to the new owner(s).

​

​

​

THE COST OF INCORPORATING

a Lithuanian UAB (Limited Liability Company)

​

A company by order with share capital

Company by order or Ready-made company

Company statutes are only available in Lithuanian

 

from € 950

​

​

Other Mandatory services by the law

​

12-month Legal/Registration address

 

from € 600

​

​

Other costs during the incorporation or change in ownership cost

​

Remote Services

Preparation of the Power of Attorney and guidance on certification procedures

Assistance in Bank account opening

Sale-Purchase agreement servicing

​

from € 500 each

​

Affirmation documents at Notary and their fees

​

from € 350

​

​

Corporate Document order

​

​

 

 

All prices are excl. VAT.

​

​

Note

KYC requirements must be passed by each of our customers without exception. For this purpose, we will ask you to share with ALT Corporate UAB - a copy of the passport and proof of address from both the Ultimate Beneficial owner(s) and Director(s), with the liveliness ID verification.