Changing a company’s name is an important corporate decision that may reflect a new business strategy, rebranding initiative, ownership change, or expansion into new markets.
At Lawhill, we provide professional legal assistance with company name changes in Lithuania, helping businesses update their corporate identity while ensuring full compliance with Lithuanian corporate law.
Our team handles the entire process, from verifying the availability of the new company name to preparing the required documentation and registering the change with the Lithuanian Register of Legal Entities.
When Should You Change Your Company Name?
Companies choose to change their name for a variety of reasons, including:
- Rebranding or repositioning the business
- Expansion into new markets or industries
- Mergers and acquisitions
- Changes in ownership or management
- Resolving trademark disputes or name conflicts
- Modernising the company’s image
- Reflecting new business activities or services
A company name change can be an important step in strengthening your brand and aligning your corporate identity with long-term business objectives.
Company Name Change Process
1. Name Availability Check
Before changing a company’s name, it is important to verify that the proposed name is available and complies with Lithuanian naming requirements.
Our team assists with checking name availability and identifying potential legal issues before the application is submitted.
2. Shareholder Approval
A company name change typically requires approval from the shareholders or members of the company.
We prepare:
- Shareholder resolutions
- Meeting documentation
- Corporate approvals
- Supporting legal documents
3. Amendment of Company Documents
The company’s Articles of Association must usually be updated to reflect the new company name.
Our lawyers prepare all necessary amendments and supporting documentation.
If additional amendments are required, we can also assist through our Change of Company Deeds Service.
4. Registration of the New Name
We prepare and submit all required documentation to the Lithuanian Register of Legal Entities and oversee the registration process until the new company name is officially approved.
5. Post-Registration Updates
After the company name has been changed, additional updates may be required.
These may include:
- Updating company records
- Updating contracts and agreements
- Updating invoices and business documentation
- Updating websites and marketing materials
- Notifying banks and business partners
Our Services
At Lawhill, we guide you through every step of the name change process, offering:
- Consultation: Analyzing your company’s needs and advising on necessary changes.
- Document drafting: Preparing revised Articles of Association or other corporate documents.
- Regulatory compliance: Ensuring the new name meets all legal requirements and is approved by the Register of Legal Entities.
- Submission assistance: Managing the submission of required documents to the Register of Legal Entities.
- Representation: Acting on your behalf in communications with relevant authorities.
Additional Services
At Lawhill, we provide comprehensive accounting and payroll services tailored to meet the needs of your business. From bookkeeping to tax filings, we ensure your financial records are compliant with Lithuanian regulations. Our team handles payroll management, ensuring timely and accurate payment for your employees.
Navigating the banking system in a foreign country can be challenging. We assist you in opening local and international bank accounts, guiding you through compliance requirements and documentation. Whether for operational needs or capital deposits, we streamline the process to secure your accounts efficiently.
Establish a professional presence in Lithuania with our virtual office services. We provide a legal address required for company registration and offer correspondence management to ensure you never miss important communication. This service is ideal for businesses operating remotely or without a physical office in Lithuania.
Certain industries in Lithuania require specific licenses to operate legally. At Lawhill, we help you obtain necessary licenses such as transport, pharmaceutical, Virtual Asset Service Provider (VASP), and temporary employment licenses. Our experts ensure the application process is smooth, saving you time and effort while adhering to all legal requirements.
We offer a full range of legal services tailored to businesses, including contract drafting, regulatory compliance, dispute resolution, mergers, and acquisitions. Our experienced legal team ensures that your business is fully protected and operates within the framework of Lithuanian and EU laws.
F.A.Q
Changing company deeds in Lithuania typically takes 1 to 2 weeks after receiving all necessary documents from the client, making the process both efficient and straightforward
- Corporate Income Tax: 6% for companies with an annual turnover of up to €300,000; 16% for companies with an annual turnover exceeding €300,000.
- Dividend Tax: A flat rate of 15% applies to distributed dividends.
- Value Added Tax (VAT): Standard VAT rate in Lithuania is 21%.
- Member of NATO and the EU: Lithuania has been a stable and secure member of NATO and the European Union since 2004, offering businesses access to one of the largest markets globally.
- Competitive Tax Environment: Lithuania boasts one of the lowest corporate tax rates in the EU, including special tax incentives for small businesses and startups.
- Strong Economic Growth: Ranked 1st in the EU for real GDP per capita growth from 2000 to 2020, Lithuania is an emerging leader in economic development.
- Fast and Simple Business Setup: Lithuania offers a straightforward process for company registration, making it easy for businesses to get started quickly.
- Multilingual and Skilled Workforce: The vast majority of young professionals in Lithuania are proficient in English, with many also fluent in other major European languages, ensuring smooth business communication.
- Strategic Geographic Location: Positioned at the crossroads of Europe, Lithuania provides excellent logistics and connectivity, making it a strategic hub for businesses targeting the European and global markets.
- Modern Digital Infrastructure: As a leader in digital innovation, Lithuania offers a robust infrastructure, ideal for startups, fintech companies, and tech-driven businesses.
- Business-Friendly Policies: Lithuania fosters a startup-friendly ecosystem with government incentives and grants for innovative businesses, including tech and green energy industries.
