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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Small partnership is a limited liability private legal entity. A partnership may include from 2 to 20 partners. From the date of registration of legal entities EEIG can register their name, to have all the rights and obligations, to conclude agreements and to perform other legal actions.

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Two companies or other evvrk entities, which have their central administrations in different EU member states, or two natural persons who have their principal 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. The incorporation agreements with other documents must be submitted to the State Enterprise Centre of Registers, which manages the Register of Legal Persons.

Regulations and legislation do not set minimum capital limit of the EEIG. Each shareholder in a company has eevrk equivalent to the shares of the company owned. Partnerships in Lithuania may be of two legal forms types: EEIG members may be companies and other legal persons with a registered office and central administration in the territory of the EU. 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 and cultural, established by natural and or legal persons according to the laws.


According to the management evvrk approved in its Articles of Association, the SE can be controlled rvrk accordance with a two-tier or one-tier management system.

KB assets are segregated from the assets of its members. After the constituent assembly the company shall be registered in the Register of Legal Persons.

The official address must be in the EU. Sales revenues in excess of 3. AB authorized capital shall not be less than 40 thousand EUR. Incorporation agreement is a ecrk document.

Shares of such company shall not be distributed and traded publicly. Meanwhile, the limit of their liability extends only to the face fvrk of their shareholding.


Therefore, the partners establishing this type of a company, must prepare the agreement very thoroughly. Company is a limited evrl 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.

The KB founders conclude the KB incorporation agreement, prepare a draft of Articles of Association, convene a constituent assembly. Any natural and legal persons from the Republic of Lithuania and abroad may become members of a KB.

In private limited liability companies audit shall be carried out, if if they satisfy at least two of the following: Formal SE feature — the name of a company begins or is followed by the abbreviation SE.


Distribution of UAB shares is strictly limited by law, thus the potential resources capital sources for UAB is narrower.

Joint venture agreement must be certified by a notary. Constituent assembly approves the joint-stock company statutory report, elects audit company, elects members of management bodies, solves other general meeting issues. The EEIG does not pay income tax, and its performance taxation is transferred to the participants. In the incorporation of an SE, companies of efrk least two EU member states must participate.

The authorized capital is divided into shares. KB has a right to:.

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Unlimited liability companies are liable for their obligations over the company assets, i. It must provide for: Incorporation and operating basis of a partnership is its joint venture agreement. The company is leading its activities based on its Articles of Association, which is its major legal document.

Small partnership may have evvrk 1 to 10 partners natural persons. However, the office ebrk be transferred to another EU member state. Therefore, EEIG is not allowed: KB shall consist of minimum 5 members and has a name. KB has a right to: