Version abbreviationEVRK 2 red. Valid from, Valid until, Download classification PDF XLS XML. Version abbreviationEVRK red. The classification used is: NACE 2 red. Classification of Economic Activities of the European Community. EVRK 2 red. Ekonominės veiklos rūšių klasifikatorius. EVRK, in press: Ekonominės veiklos rūšių klasifikatorius (EVRK), 2 redakcija. Retrieved from: /klasifik /EVRK/
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Central Classification Database – Oficialiosios statistikos portalas
Incorporation, reorganization and liquidation, management and performance, rights and duties of its shareholders, are regulated by Law on Limited Liability Companies of the Republic of Lithuania. Incorporation documents of KB are the Articles of Association and the incorporation agreement. Small partnership is a limited liability private legal entity. Its members contribute funds to form its capital, share risks and benefits according to the goods and services turnover in the company, and actively participate in the management of the KB.
Meanwhile, the limit of their liability evdk only to the face value of their shareholding. However, the office may be transferred to another EU member state.
The company is leading its activities based on its Articles of Association, which is its major legal document. European Economic Interest Grouping is a private legal entity, which aims 22 help its members to pursue or expand economic activity, to achieve better performance, but its purpose is not to make profits. The incorporation agreements with other documents must evkr submitted to the State Enterprise Centre of Registers, which manages the Register of Legal Persons.
Formal SE feature — the name of a company begins or is followed by the abbreviation SE. Although the SE requires considerable initial capital, however, this legal form allows to search your company for with the most favorable environment, because the fees are paid according to the laws of the state where its registered office is.
KB has a right to:. Each KB founder must become a member. That means, partners are not liable for obligations of the small partnership personally.
Classification of Economic Activities (EVRK) – Oficialiosios statistikos portalas
Small Partnership Small partnership is a limited liability private legal entity. In private limited liability companies audit shall be carried out, if if they satisfy at least two of the following:. Each shareholder in a company has rights equivalent to the shares of the company owned. Evkr authorized capital shall not be less than 40 thousand EUR.
Therefore, EEIG is not allowed: Partnerships in Lithuania may be of two legal forms eevrk Joint venture agreement must be certified by a notary. In the incorporation of an SE, companies of at least two EU member states must participate. Distribution of UAB shares is strictly limited by law, thus the potential resources capital sources for UAB is narrower.
Two companies or evr legal entities, which have their central administrations in different EU member states, or two natural persons who have their svrk activities in different EU member states, or a company or other legal entity, the central administration in one EU member state and the person who has his principal activity in another EU member state.
When intending to set up a business in Lithuania, first decide what legal form of enterprise is the most suitable to achieve the goals of your company.
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egrk It must provide for: Company is a limited liability legal entity. EEIG incorporation agreement must contain: Starting from the moment of registration the company is considered incorporated and acquires the rights of a legal entity.
Shares of such company shall be distributed and traded in stock exchange publicly, according dvrk public circulation of securities legislation. Any natural and legal persons of the Republic of Lithuania and from abroad, who have legally purchased at least one share of this company become shareholders of a company.
A Co-operative company KB is a jointly owned enterprise engaging in the production or distribution of goods or the supplying of services, operated by its members for their mutual benefit, typically economic, social egrk cultural, established by natural and or legal persons according to the laws.
LEGAL FORMS OF ENTERPRISES
In private limited liability companies audit shall be carried out, if if they satisfy at least two of the following: The EEIG does not pay income tax, and its performance taxation is transferred to the participants. EEIG members may be companies and other legal persons with a registered office and central administration in the territory of the EU. UAB mandatory egrk bodies are general shareholders meeting and head of administration.