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Donation of shares

The share donation service is essential when a shareholder decides to transfer their shares to another person free of charge. This process ensures the formalization of the transfer of ownership in compliance with applicable laws and legal requirements. By using this service, you can ensure that the donation is carried out quickly, smoothly, and legally, protecting both parties involved.

Original price was: 123,75 €.Current price is: 99,00 €. without VAT

(Mobile-ID or LT ID is issued only to Lithuanian citizens or foreigners with a permanent residence permit in Lithuania.)

Terminas
Term
  • The service is provided on the same business day after receiving payment and all the necessary data. The Register Centre registers the changes within 1–3 business days.
Į kainą įskaičiuota
Included in the price
  • Consultation on share donation matters;
  • Register Centre fees.
Klientų aptarnavimas
Customer service
  • Remote consultations;
  • Answers to your questions within 1 business day;
  • Experienced and competent legal professionals.

You will have to provide

  • The company’s director must have a valid mobile electronic signature. If you do not have one, it can be quickly obtained at your mobile service provider’s store, even if you are not a subscriber – the process takes only a few minutes with an identity document. We recommend obtaining the mobile signature after ordering the service to avoid unnecessary delays. A mobile e-signature is the fastest and most convenient way to sign documents electronically, saving time and avoiding bureaucracy.
  • You will also need the company’s ESI or ESI access key, if you have it. We can order it on your behalf.
  • An extract from JANGIS (Register of Beneficial Owners). We can order it on your behalf.
  • Updated shareholder data that you wish to update in the company register.

Service process

  • Service order: You order and pay for the service on the website.
  • Document submission: You will be asked to send all the required data and documents.
  • Remote data update: Once we receive the information, we will arrange a convenient time and update the shareholder data remotely in the Register Centre.

About Share Donation

Share donation is the process in which a shareholder transfers their shares to another person free of charge. Upon transferring the shares, the donor loses their rights to the company’s ownership and dividends, while the recipient becomes the new shareholder.

This procedure requires specific legal documents and registration changes to formalize the donation in compliance with the law. Share donation is often used to transfer company control to close family members or other individuals. It allows for a simple ownership transfer without financial compensation, making it an efficient solution for restructuring ownership.

Share Donation to Third Parties

When shares of a limited liability company (UAB) are sold, other shareholders have the priority to purchase them. However, this obligation can sometimes be circumvented through fictitious donation agreements. The Supreme Court of Lithuania has ruled that such transactions, particularly those between unrelated parties, are considered illegal if their purpose is to avoid the exercise of the preemptive right of shareholders.

Article 47 of the Law on Joint Stock Companies grants UAB shareholders the priority to purchase shares being sold, but this does not apply when shares are transferred via donation rather than sale. In cases of suspected fictitious donations, the court may recognize the donation agreement as invalid if it appears the donation was made for consideration or to bypass legal requirements.

Additionally, the Law on Joint Stock Companies allows the company’s articles of association to specify an alternative procedure for the sale of shares, which can bypass the obligation to first offer shares to other shareholders.

Donation of shares

Original price was: 123,75 €.Current price is: 99,00 €. without VAT

(Mobile-ID or LT ID is issued only to Lithuanian citizens or foreigners with a permanent residence permit in Lithuania.)

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