How to buy a ready-made company in Lithuania in 2023

01. 02. 2023

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Thanks to a series of government reforms aimed at supporting business, Lithuania boasts a stable and robust economy. Attracting foreign capital into the country has played no small part in this. Local laws are investor-oriented, so the purchase of a ready-made company in Lithuania in 2023 is fast, with a minimum package of documents.

The only difficulty is finding a ready-made company that meets all the requirements. And here we advise you to contact IT-OFFSHORE experts. We have a list of companies with a clean history, which have undergone due diligence.

Features of buying a ready-made business in Lithuania

Two types of ready-made companies are available to buyers:

A working business. Its pluses - promoted brand, employees, customers, suppliers. Amongst the disadvantages - one cannot rule out the risk of hidden loans, unfulfilled obligations, and involvement in fraud. Therefore, such a business should be carefully checked before buying.
Shelf company. This is a company that was created specifically for sale. It has a complete package of documents, which confirms state registration. At the same time, it has never worked, so it has no debts, unfulfilled obligations, etc.

If you decide to buy a shelf company, give preference to a business that was incorporated more than 2 years ago. Even if the company hasn't been in operation, it has a history, so it has more credibility with customers than a firm established a month ago. Also banks cooperate with it more willingly - they open an account and give favorable loans.

The most popular with foreign investors are shelf companies, which are registered as an LLC. Having completed the transaction, the buyer receives a legal address, founding documents, registered with the local authorities. By prior arrangement, you can buy a business with an open bank account, VAT number, which will affect the final price of the company.

How to buy a ready-made business in Lithuania

If investors have all necessary documents, buying a company takes one day. The deal takes place before a notary. If purchaser has no possibility to come, he can appoint representatives (for example, issue a power of attorney to our company's employees).

To buy a ready-made business in Lithuania in 2023, the new owner must provide the following information:

name;
telephone number;
residence address;
e-mail;
photo (as a passport).

If the new owner plans to change the director, his data is needed when processing the transaction.

After the purchase

When the transaction is complete, the new owner can:

Appoint new directors.
Give a new address.
Increase the share capital.
Change the form of activities.

When all the documents are executed, it is necessary to register the transfer of ownership in the Lithuanian Commercial Register. In some cases, a business license may be required after the transaction is completed (e.g., for crypto-activities). In this case, you must submit documents to obtain one.

If the purchased business does not have a VAT number, it must be registered through the state tax inspectorate, which operates under the Ministry of Finance of Lithuania.