Lithuania Offshore Company Formation £2800.00 + Vat
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There are a number of reasons why Lithuania is an up and coming choice for Offshore Company Formation, including;
- Minimum of one member who may be corporate, subject to additional requirements, and one director, who must be an individual.
- Minimum Share Capital of 1000 Euros.
- Accounts are required to be maintained and filed.
- Access to European Single Market
- East of Trade throughout the E.U.
Estimated renewal costs in year two: £2,100.00
Requirements to Form a Lithuania Limited Liability Company (UAB):
In order to incorporate your Lithuania UAB, these are the steps that must be followed;
- Meet the Anti Money Laundering Requirements – In order to meet Anti Money Laundering Requirements you will need to provide a certified copy of the passport and current utility bill of each of the owners and shareholders. This is required even if you are using our Nominee Service. Translation of the due diligence and other supporting documentation to Chinese will be required. The additional costs for this will be calculated upon receipt of the documentation.
- Remote Formation – In order to enable Remote Formation, the directors and Shareholders will need to sign a Power of Attorney in the presence of a Notary Public, which must then be apostilled, along with their valid passports additional costs for this will be calculated upon receipt of the documentation. For Companies with more than one officer and shareholder, additional POA fees will apply.
- Documents are issued to you – Once the company has been incorporated, you will be issued with all of the Certificate of Incorporation, Memorandum and Articles of Association, Share Certificates and all other company documents as required by Law. These documents can then be used to open a bank account for the company.
- Financial Statements – Companies incorporated in Lithuania must all prepare and file financial statements. At all times Accounting Records must be maintained in accordance with Lithuania Accounting Legislation.