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Establishment of MB

The establishment of MB (small partnership) in Lithuania allows entrepreneurs to create a private legal entity with limited liability. Members of an MB are not personally liable for the company’s obligations — their personal assets remain protected.
Although the establishment of an MB can seem complex and time-consuming, our professional team ensures a smooth and efficient process from start to finish.

Original price was: 153,93 €.Current price is: 123,14 €. without VAT

Number of members *

Select the required number of future MB members:

Will you use your own registration address for company formation? *

The company’s registration address is the official registered office of the legal entity, listed in the Register Centre and used for legal and administrative purposes.

Do you have a Mobile-ID or LT ID signature issued in Lithuania? *

Mobile-ID or LT ID signature is issued only to citizens of the Republic of Lithuania or to foreign nationals with a permanent residence permit.

Term

Company formation will take 3–5 business days. All you need to do is choose a company name.
If you do not have a mobile signature issued in Lithuania, the timeframe will be calculated from the date we receive your documents at our office.

Included in the price

Center of Registers taxes

Customer service

Smooth, easy, and fast UAB establishment;
UAB company formation online at a great price;
Quick professional assistance and consultation.

Setting Up a Small Partnership (MB)

Order services from anywhere in the world!
The establishment of MB can be completed remotely — without your direct involvement.

A small partnership (MB) is a simple and flexible business form for small entrepreneurs. While the process of establishing an MB involves several legal and administrative steps, with MyTax you can rely on experienced specialists who handle everything for you.
We make the establishment of MB fast, easy, and fully compliant with Lithuanian law.

Contact the MyTax team of experts — we will guide you through the entire MB establishment process, saving you valuable time and reducing costs.

Setting up a MB online

The online establishment of MB is the fastest and most convenient way to start a business in Lithuania.
No matter where you are, our professionals will handle the MB establishment online, provide accounting support, and advise you on all legal and tax aspects.
With our help, the establishment of MB becomes quick, secure, and tailored to your needs.

Advantages of MB

The establishment of MB as a business form has been available in Lithuania since 2012 and has become increasingly popular. It is especially suitable for family-run or small businesses of one to ten members.

One of the biggest advantages of the establishment of MB is that no authorised share capital is required — making it easier and more affordable to start. Each member can contribute individually to the company’s assets.

Another benefit is that members can participate directly in management. Decisions are made collectively, and the team may appoint one member or an external manager to oversee daily operations.
This makes the establishment of MB an excellent choice for family or partnership-based businesses.

Main Advantages of MB:

No authorised capital required
Limited civil liability
Active participation in governance
Ability to recover contributions upon withdrawal
Possible corporate tax exemptions (up to 0%)

Small Partnership Taxation

After the establishment of MB, no taxes are payable during the first months of operation — enabling a smoother start-up phase.
After one year, an MB becomes subject to standard taxes, including income tax, VAT, social security contributions (Sodra), and personal income tax (PIT).

The MyTax team will handle all tax calculations, declarations, and provide advice on the most beneficial tax treatment options for your company.
If your business grows and you need accounting support, we’re ready to offer professional bookkeeping and tax assistance.

Documents Required for the Establishment of MB

To ensure a smooth MB establishment process, prepare the following documents:

Decision of the founder(s) – appoints the responsible person and defines partnership rules.
Instrument of incorporation or memorandum of association – includes key company data and founding details.
Articles of association – outlines business objectives, operations, and management structure.

Typically, the registration and establishment of MB takes 3–5 business days.
Your first task? Simply choose a unique company name that reflects your business. The MyTax team will handle everything else — from document preparation to submission to the Register of Legal Entities.

Frequently asked questions about setting up a MB partnership

Can I do my own bookkeeping for a small partnership?

Yes, it is possible.

How many members can a small community have?

A small partnership can have between 1 and 10 members.

Can a small partnership employ staff?

Yes, it can.

Can a small partnership become a VAT payer?

Yes.

Is a small partnership a legal entity?

What are the membership fees for a small partnership?

For more detailed information, please see the STI website by clicking here

Is it necessary for the owner/members of a MB to employ themselves?

Not necessary, a civil service contract is possible.