Branches - Lithuania
Legal requirements for legal entities are regulated by the following:
Opening a subdivision of a legal entity
Legal entity can have the following types of subdivisions:
A branch is a structural subdivision of a legal entity, which has its registered office and performs all or a part of the legal entity's functions.
A representative office is a subdivision of a legal entity, which has its registered office, and enjoys the right to perform the operations specified, i.e. to represent the interests of the legal entity and safeguard them, to enter into contracts as well as perform other operations in the legal entity’s name, to conduct import and export operations however exclusively between foreign legal entities or other organisations, which have established the representative office, or its related enterprises, institutions or organisations and the representative office.
Branches of foreign companies:
- Branches of companies established in European Union Member States;
- Branches of companies established in states indicated in Article 77 and Item 8 of Annex XXII to the Agreement on the European Economic Area;
- Other branches of legal entities established in foreign states, whose legal forms are similar to the legal forms of companies.
Many of the requirements and procedures for opening a secondary establishment are the same as for starting up a business.
A subdivision of a legal entity, a branch or representative office, is considered as formed from the moment of its registration in the Register of Legal Entities.
Information about registering branch and representative offices of foreign legal entities in the Register of Legal Entities:
Check also the legislation on this topic in: