Professional assistance for smooth company closures in Lithuania
If you’re a business owner looking to wind down operations efficiently and compliantly, our expert team handles the entire process from start to finish.
Professional assistance for smooth company closures in Lithuania
If you’re a business owner looking to liquidate, dissolve, or deregister a company in Lithuania, our expert team handles the entire process from start to finish, efficiently and compliantly.
Why choose 1Office for closing down a business in Lithuania
Local expertise
Our team has liquidated dozens of companies, ensuring compliance with Lithuanian laws.
Risk Mitigation
Avoid compulsory liquidation pitfalls and fines, such as court involvement or restricted asset access.
Quick and efficient
We ensure all legal and financial obligations are met, reducing personal liability for directors.
Clear pricing
We handle all administrative fees to keep your expenses low.
Full support
Support in English, Lithuanian, and Russian throughout the process.
Voluntary Lithuania UAB Liquidation
The liquidation of Lihuanian company takes 3-6 months and must be performed by a liquidator. Keep in mind that all accounting must be composed by the time of starting the liquidation.
STARTING FROM
2,000 EUR
Tax Deregistrations
We handle tax deregistration with the Lithuanian Tax Administration (VAT, prepayment, and employer registers).
STARTING FROM
300 EUR
Closure processes: Step-by-step
Shutting down your operations or putting business activity on pause is straightforward with 1Office as we guide you through every stage of voluntary UAB liquidation in Lithuania.
- Initial decision and preparation: Hold a shareholders’ meeting to approve liquidation with a 2/3 majority vote. Appoint a liquidator. Prepare an opening liquidation balance sheet to confirm solvency.
- Cease operations and settle obligations: Immediately stop trading. Terminate contracts, including employment agreements, and settle all debts, taxes (VAT, CIT, social insurance), and employee payouts.
- Public notifications: Announce the liquidation publicly which is a mandatory process and notify authorities like the State Tax Inspectorate.
- Asset management: Sell assets to cover remaining claims. Distribute any surplus to shareholders after creditor settlements.
- Final reporting and deregistration: Final accounts and annual reports must be submitted if the closure process takes longer than a few years, and apply to deregister from the Register. Obtain clearances from archives and municipalities if needed.
Important! Your company’s accounting must be current before we begin. View our accounting services to get your reports and accounting in order.
Requirements and documents needed
To start, your UAB must be solvent (able to settle debts) and free from ongoing bankruptcy or legal actions.
- Shareholders’ resolution and liquidator appointment forms.
- Liquidation deed and balance sheets (opening and final).
- Notifications to creditors and public registries.
- Certificates from tax authorities, archives, and municipalities (e.g., land rent settlements).
- Employment termination and tax settlement forms.
- Application for deregistration from the State Enterprise Centre of Registers. We prepare and submit all paperwork on your behalf.
Important! Your company’s accounting must be current before we begin. View our accounting services to get your reports and accounting in order.
Costs and timeline
For the board of the company the liquidation process is a passive period and our liquidator takes care of everything for you.
Duration
Typically 4-6 months for voluntary liquidation, potentially shorter (up to 6 weeks in simple cases) or longer if disputes arise.
1Office fee
Our service starts at €2,000 (ex. VAT) and is a full circle service from preparing of the shareholders’ resolution to submission of the final application. Any additional work required will be quoted separately.
Accounting costs
If you need final accounting reports, we can help you there as well.
Frequently Asked Questions
If you cannot find a specific answer to your question, please do not hesitate to get in touch with us and we will get your questions answered right away.
What if my company is insolvent?
We recommend bankruptcy proceedings first, followed by compulsory liquidation. Consult us for options.
Can foreign owners liquidate remotely?
Yes, with the power of attorney there is no travel required.
What happens to assets?
Sold to pay debts; remainder distributed to shareholders.
Is dormancy an alternative?
Yes, for temporary pauses, but liquidation is better for permanent closure to avoid fines.
Can I reactivate a company I suspended earlier?
Yes. If your company’s activity was suspended rather than liquidated, we can help you resume it, filing the resumption notice and bringing your tax registrations (including VAT, if applicable) back up to date.
There is a real deadline risk to be aware of: even while suspended, annual financial statements are still due to the Centre of Registers every year. If those go unfiled for more than 24 months, the registrar has grounds to initiate forced liquidation, regardless of your company’s suspended status. Suspension is meant to be temporary, not indefinite, so it’s worth resuming or formally closing the company well before gaps in filing become a problem.
Can I deregister a company without full liquidation?
No. Full liquidation is required to deregister a Lithuanian UAB from the Register of Legal Entities. There is no shortcut that skips the liquidation process, though a dormant company (see above) can pause activity without triggering deregistration.
How do I dissolve a Lithuanian UAB?
Dissolving a UAB in Lithuania means completing voluntary liquidation: a shareholders’ vote, appointing a liquidator, settling debts and taxes, and filing for deregistration with the State Enterprise Centre of Registers. 1Office handles every step, from the initial resolution to the final application.
Reactivating a suspended company
If you paused your company’s activity rather than closing it down, resuming operations isn’t automatic in every case. If you resume earlier than the date stated in your original notice to the State Tax Inspectorate (VMI), you need to file a resumption notice within 5 working days of that decision, and your company’s tax filings pick back up from the date it becomes active again.
One thing that catches people out: a suspension notice filed with VMI is never registered with the Register of Legal Entities, so your annual financial statements are still due there every year, even while your company isn’t trading.
We handle the resumption filing and keep your accounting and tax registrations current, so there’s no gap where you’re technically active but not compliant, and no missed filing you didn’t know was still required.
Trusted by business owners across 7 different countries
Get in touch with our business advisor
Tõnis Jõgeva
Business Solutions Advisor
“As a Business Solutions Advisor in the Finnish and Swedish markets, I have witnessed exceptional results that our clients have achieved. Our expertise in understanding the complexities of local regulations and providing tailored financial solutions has enabled businesses to thrive and make informed decisions, ensuring their long-term success in these markets.”
Tel:+370 521 401 48
E-mail: [email protected]
Get in touch
Email, call or complete the form to request more information about 1Office Lithuania accounting services or how we can help you maintain a high level of quality in accounting and compliance for your business in Lithuania.
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T. Narbuto 5, Vilnius, Lithuania, LT-08103
Mon-Fri 9.00-17.00
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