Justicija, UAB companies and institutions establishment
We provide legal consultations about various company forms establishment and registration issues.
Efficiently and professionally prepare company‘s founding documents. We also will recommend what could be the most appropriate form of the company for your business activities.
- Individual enterprise (IĮ)
We recommend Individual enterprise for persons who are planning to provide services or engage in any other business and commercial activities, which are sufficient for family work and small start-up capital. Individual enterprise is an unlimited liability private legal person. This means that Individual enterprise owner is responsible for their unfulfilled obligations with their assets. Only a physical (legally capable) person can be a founder of and Individual enterprise. It should be noted that a single individual business owner can not have another individual enterprise.
Data required for the establishment of an Individual enterprise:
- Name of the established Individual enterprise;
- Founder‘s (owner‘s) data: name, surname, identity number and declared place of residence;
- Office address of an Individual enterprise, it is necessary to specify the exact address, real estate, unique or register entry number;
- Estimated individual enterprise commercial – economic activity;
- Data of the Individual enterprise‘s Head. If the Individual enterprise owner will appoint another person to be the Head: name, surname, identity number and declared place of residence is needed;
Individual enterprise can be established within three to five working days.
Individual Enterprise establishment costs:
Document preperation – EUR 60 + VAT.
We will help to establish a company for free if the company enters into a contract with us for accounting services for no less than 6 months period!
- (UAB) – a private joint stock company
Ltd. – is a limited liability private legal person. This means that the shareholders only risk the assets which was brought into Ltd. to protect their personal assets – they are not liable for Ltd.‘s unfulfilled obligations with their personal assets. Ltd.‘s authorized capital cannot not be less than EUR 2500. Ltd. may be set up by one, as well as more physicall and/or legal persons, and the number of shareholders is limited to the 250.
Ltd. establishment costs:
Document preparation – EUR 80 + VAT.
Additional services: reservation of of the name (filling of the appropriate form, delivery to the Centre of Registers, certificates withdrawal) – EUR 20. Obtaining a certificate for the company (documents certified by a notary submission to the Centre of Registers, company certificate withdrawal) – EUR 20.
We will help to establish a company for just 30 Euros if established company enters into a contract with us for accounting services for no less than 6 months period!
- SC (AB) – a public company
SC – is a limited liability private legal person whose authorized capital cannot be less than EUR 40 000.
Its shares may be distributed and traded publicly.
SC establishment costs:
Document preparation – EUR 150 + VAT.
We will help you to set up a company for just 60 if established company enters into a contract with us for accounting services for no less than 6 months period!
Data required for the establishment of Ltd. or SC.
- Name of the founded company;
- the founders (shareholders) data: full names, personal identification numbers, declared residence. If the founder (shareholder) is a legal person: name, identification number, registered office, manager’s name, personal identification number, declared residence. Legal persons must submit its founding document (articles of association, regulations, etc.), registration certificate, appointment of Head of the company document;
- the company’s office: it is necessary to specify the exact address, real estate, unique or register entry number;
- the company’s authorized capital, number of shares, nominal value and the and minimum issue price;
- each of the company’s founders number of acquired shares and payment procedure;
- the company’s estimated commercial – economic activity;
- Head of the Company data: name, surname, identity number and declared place of residence. It is also necessary to specify the official name of Head position in the company;
- Information about other organs and members of the supervisory board and/or board.
Ltd. /SC can be set up within 5 working days.
- Partnership enterprise
This form of business is appropriate if there is not enough efforts and funds for one party to start an economic and commercial activities and therefore it needs to be developed with business partners. General partnership can be of two legal types:
- General partnership– a private legal person with unlimited liability, whose all participants are Master members. Founders of the Partnership may be physical and legal persons. In the Partnership there may not be less than 2 and not more than 20 founders;
- Limited Partnership Enterprise– is a company established via joint activity contract for commercial – economic activities. In a Limited partnership enterprise – limited members assets are separate from the company, therefore Master members are responsible in solidarity of total assets, and limited members for the assets that have been brought. Limited partnership cannot have less than 3 participants (2 Master members and one limited member) and a maximum of 20 participants (Master members or limited members).
Data required for the establishment of Partnership enterprise:
- Name of the founded company;
- founders data: full names, personal identification numbers and declared residence. If the founder is a legal person: name, identification number, registered office, manager’s name, personal identification number, declared residence. Legal entities must submit its founding document (articles of association, regulations, etc.), registration certificate, appointment of Head document;
- the company’s office: it is necessary to specify the exact address, real estate, unique or register entry number;
- founders contributions – they may be monetary and/or non-monetary.
Partnership establishment costs:
Document preparation – EUR 120 + VAT.
We will help to establish a company for just 30 Euros if established company enters into a contract with us for accounting services for no less than 6 months period!
- Public Institution (PI)
If you aim to serve the public interest through public benefit activities, then we recommend the establishment of PI. This is a non-profit limited liability public legal entity. PI may be established by on person as well as more physical and/or legal entities, number of founders is limited.
PI can be used for commercial activities, because:
- You can take advantage of tax benefits;
- You can get support from natural and legal persons.
Data required for the establishment of Public Institution:
- Desired name of Public Institution;
- founders data: full names, personal identification numbers and declared residence. If the founder is a legal person: name, identification number, registered office, manager’s name, personal identification number, declared residence. Legal entities must submit its founding document (articles of association, regulations, etc.), registration certificate, appointment of Head document;
- Public Instituion‘s office: it is necessary to specify the exact address, real estate, unique or register entry number;
- founders contributions – they may be monetary and/or non-monetary.
- Public institutions objectives, activities and types;
- Manager‘s of Public Institutions data: name, surname, identity number and declared place of residence;
- Information about other public institutions bodies: the board, the auditor / revision committee and others.
Public Institution may be set up within three to five working days.
Public Institution establishment costs:
Document preparation and other registration related work – EUR 120 + VAT.
We will help to establish a company for just 30 Euros if established company enters into a contract with us for accounting services for no less than 6 months period!
- Small partnership
Establishing small partnership is advisable for people who want to create a small family business that does not require large investments. Small partnership advantages:
- This is a limited liability entity – Small partnership founders are liable only of enterprises assets and not with their own personal assets;
- there is no requirement for the minimum amount of capital;
- there may be more than one founder;
- it is not required to have a Head of the company;
- members do not need to have a working relationship with the Small partnership of which they are members.
- Founders of a Small partnership may be only natural persons. There can‘t be more than 10 founders of the Small Partnership.
Data required for the establishment of Small Partnership:
- Name of established Small Partnership
- the founder (founders) data: name, surname, identity number and declared place of residence;
- office address.
Small partnership is established within 3-5 working days.
Small Partnership establishment costs:
Document preperation – EUR 60 + VAT.
We will help to establish a company free of charge if established company enters into a contract with us for accounting services for no less than 6 months period!
We also prepare various documents establishing the funds, clubs, societies, associations and others.
Need a consultation about what service may be the best for you?
Contact +370 698 08419 or justicija@justicija.eu
Justicija – simple answers to your difficult questions.