Company Liquidation in Lithuania

We will help you carry out the voluntary liquidation of a company in Lithuania in full compliance with the law — from making the decision to removing the company from the Register.

Types of liquidation

Types of company liquidation

Voluntary

Initiated by the management body if the company is solvent and there are no bankruptcy proceedings

Forced

By a court decision or the Register of Legal Entities (VĮ Registrų centras)

Bankruptcy

If the company is insolvent

Process

Stages of voluntary liquidation

The overall liquidation period varies from 4 to 12 months, depending on the size of the company, its financial condition, number of employees and creditors, volume of documentation and complexity. If the process extends beyond a year, financial reports are filed annually.

Decision-making

Decision to liquidate and appointment of a liquidator by the general meeting of shareholders/members

Notifying the Register

Notifying the Register of Legal Entities and publishing an announcement

Settling with staff and creditors

Dismissing employees, settling with creditors, and closing outstanding debts

Closing accounts

Closing the company's bank account(s)

Liquidation balance sheet

Preparing and filing the liquidation balance sheet

Archiving documents

Preparing and submitting documents to the archive

Removal from the Register

Filing documents with the Register and removing the company

Documents

What we will need from you

Before liquidation, all taxes to state budgets and funds must be paid, all debts to creditors and employees settled, all bank accounts closed, and financial reports filed.

Company extract

An extract of the company, shareholders/beneficial owners from the Register

Latest annual report

The latest annual report filed by your company with the tax authority/Register

Accountant's contacts

Contacts of the accountant who kept the company's books (if unavailable, we will offer accounting services)

Bank account documents

Documents, invoices and bank account statements for the period of operation that have not been submitted to state authorities

Our advantages

Experience with large-scale projects

We have practical experience in supporting company liquidation in Lithuania since 2021.

Expert approach

Our team consists of practicing lawyers, allowing us to thoroughly address legal matters of any complexity.

Trusted by partners

For more than five years, we have cooperated with major company registration service providers in Lithuania, supporting clients worldwide.

Professional qualification

Our legal team regularly undergoes professional training and possesses strong expertise in Lithuanian law.

Strategic approach

We approach every matter strategically — not only helping clients solve current issues, but also anticipating all potential nuances in advance.

Contact us

Need to liquidate a company in Lithuania?

We will help carry out the liquidation quickly and in full compliance with the law.

Contact Us

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info@legalmechanic.com

Company Liquidation in Lithuania