The first step in entity management is selecting the right legal structure. In Lithuania, the most common options are UAB (Private Limited Liability Company), ideal for small businesses and startups, and AB (Public Limited Liability Company), suitable for larger businesses aiming to go public or attract significant investment. Your choice will depend on your business size and growth plans.
Once you've selected your entity type, you’ll need to register your business with the Lithuanian Register of Legal Entities. This process involves submitting necessary documents, such as the company’s articles of association, proof of shareholder identity, and registered office address. Registration is done electronically, making the process quicker and more efficient.