Question was asked by Zain
There are two ways of doing business in Lithuania: provision of services as an independent entrepreneur (in Lithuania one uses the abbreviation IĮ) or establishment of a company. The most popular is the registration of a company in the form of a private limited company (UAB), but there is also the possibility of opening a public institution (AB) or a small association (MB). We will consider the registration procedure of a company on the example of UAB, which is almost no different from the concept of a limited liability company that we all know.