Existing user? Sign in
Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Corporate & commercial law in Vilnius, the capital city of Lithuania, is governed by both national legislation and European Union regulations. The field covers various legal matters involving businesses, such as the creation of companies, business operations, mergers and acquisitions, contracts, compliance, and the resolution of disputes. Vilnius, as the business hub of Lithuania, hosts a thriving corporate sector, both for local enterprises and foreign investors. As a result, the city attracts a significant number of legal professionals specializing in corporate and commercial matters.
Working with a knowledgeable lawyer can be essential in many situations related to corporate and commercial law. Common circumstances where legal help is beneficial include:
Lithuanian corporate and commercial law is primarily based on several key legal instruments:
Lithuania is a member of the European Union, meaning that EU directives, competition regulations, and data protection standards (such as the General Data Protection Regulation, GDPR) also apply to businesses in Vilnius. The legal environment is investor-friendly and aims to support both startups and established corporations.
To incorporate a company in Vilnius, you typically need to decide on the company structure (most commonly a private limited liability company, UAB), prepare registration documents, register with the Center of Registers, provide minimum share capital (for a UAB, this is currently 2,500 EUR), and fulfill tax and social security registration requirements.
Key documents include founding documents (articles of association), a resolution or act of establishment, evidence of share capital payment, consent of the company address, and information on shareholders and directors.
Yes, both EU and non-EU nationals can establish and fully own Lithuanian companies. Residency in Lithuania is not required for shareholders, although certain management positions may require local representation.
Commercial disputes can be resolved through negotiation, mediation, litigation in Lithuanian courts, or arbitration. Many commercial contracts include arbitration clauses, and Vilnius hosts a recognized arbitration institution.
Companies in Lithuania must register for corporate tax, VAT (if turnover exceeds a certain threshold), and social security contributions for employees. Corporate income tax is generally 15 percent, with special provisions for small businesses.
M&A transactions typically involve due diligence, negotiation of terms, drafting of contracts, regulatory notifications (if relevant), and formal registration of changes. Competition Council approval is required if thresholds are reached.
Lithuanian law provides certain protections to minority shareholders, such as the right to information, the right to contest decisions, and the right to request a buyout in specific cases, such as changes in company control.
Lithuanian employment law is balanced, providing protections and obligations for both employers and employees, covering contracts, dismissals, working conditions, and dispute resolution.
Yes, electronic signatures are generally recognized as legally valid in Lithuania, particularly qualified electronic signatures, in accordance with both Lithuanian and EU regulations.
Data protection is strictly regulated under national law and the EU GDPR. Businesses must implement security measures, inform individuals about data processing, and may need to appoint a data protection officer.
Individuals and businesses seeking further information and support can consult the following institutions and organizations:
If you are considering setting up a business, entering into commercial agreements, or addressing another corporate legal issue in Vilnius, it is advisable to:
Seeking professional legal advice early in your corporate or commercial activity can help prevent costly mistakes, ensure compliance, and support your business success in Vilnius or across Lithuania.
Lawzana helps you find the best lawyers and law firms in Vilnius through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Corporate & Commercial, experience, and client feedback.
Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters.
Get a quote from top-rated law firms in Vilnius, Republic of Lithuania — quickly, securely, and without unnecessary hassle.
Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.
Vilnius, Republic of Lithuania Attorneys in related practice areas.
