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LEGAL ENTITY: Public limited liability company

LEGAL REGULATION
  • The Company Law
  • The Civil Code of the Republic of Lithuania (Book Two)
ESTABLISHMENT
  • The articles of association of the company are drawn up. If the founder of the company is a single person, the act of establishment of the company must be drawn up;
  • The founders may submit to the Register of Legal Entities an application (form JAR-5) for temporary inclusion of the name into the Register;
  • The articles of association of the company entitle to opening an accumulation account of the company in the bank;
  • An initial contribution for the subscribed shares is paid. Initial contributions may only be paid in cash. The amount of the initial contributions must be at least LTL 150,000; each shareholder must pay at least 1/4 of the aggregate amount of the nominal value of the subscribed shares and the total share premium of the subscribed shares;
  • Prior to the signature of the articles of association of the company, the valuation of the contribution in kind intended for partial payment for shares must be made by an independent property valuer;
  • The constituent meeting is convened which must approve the founder’s report of the public limited liability company and elect the members of bodies of the company elected by the general meeting of shareholders. If the supervisory board is elected, it must elect the board, if any, or the manager of the company if the board is not formed before registration of the company. The elected board must elect the manager of the company.
  • The statutes of the company are drawn up and signed;;
  • The company is deemed to have been established upon registration thereof with the Register of Legal Entities.

REGISTRATION

Before the application for registration of the public limited liability company is submitted to the Administrator of the Register, the civil law notary must verify the correctness of the particulars entered into the application, the compliance of the statutes with the statutory requirements and the fact that the public limited liability company is eligible for registration.


Documents to be submitted to the State Enterprise Centre of Registers:

1. The statutes (2 originals)
2. Form JAR-1
PDF formatasPDF 80 Kb / DOC formatasDOC 170 Kb
3. Form JAR-VO-V
PDF formatasPDF 107 Kb / DOC formatasDOC 42 Kb
4. Form JAR-T
PDF formatasPDF 181 Kb / DOC formatasDOC 33 Kb
5. The founder’s report

if there is more than one founder:
6. The instrument of incorporation
* A fee of 57,34 EUR shall be charged for the registration of a public limited liability company

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