Lithuania: company law

Amendments to the Law on Companies will come into force on 1 January 2014. The following changes have been established:
Private limited liability companies held by a single shareholder are not required to form and submit the list of shareholders to the Commercial Register. Information on shareholders has to be provided to the Commercial Register by electronic means. Data should be provided within 5 days from the receipt of documents, based on which entries in personal securities accounts or shareholders register are made. In case of the incorporation of a new company, the list of shareholders should be submitted within 5 days from the registration of the company with the Commercial Register.

All private limited liability companies incorporated until 1 January 2014 having more than one shareholder should provide the list of shareholders under the new procedure until 10 July 2014 unless any changes in shareholding occur during the period from January to July of 2014.

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