Closed joint-stock company
The minimum authorized capital of the company is set at 2,500 EUR and must be formed before opening the company in Lithuania. Shares - not issued. The authorized capital is divided into shares of participants. Director - at least one individual, without residency requirements A shareholder (participant) - at least one natural or legal person, no residency requirements. A shareholder and a director may be the same person. Secretary - no requirement to be present. Public information - about the director and shareholder. Accounting - a financial report must be kept and filed every year. Depending on assets, number of employees and turnover, companies must undergo a mandatory audit. Office - it is mandatory to have a registered office in Lithuania.