Company Name Change

Name: Company Name Change, price from 149 € | Mytax.lt
SKU: 210-1
Price: 225.36 EUR
Availability: InStock

This service is especially useful when you need to change the company name. Everything is done remotely, so there is no need to travel anywhere. It’s a quick and convenient solution, allowing you to efficiently update your company name through the electronic system.

186,25 € without VAT

Term

The service typically takes about 4 business days from the payment and submission of the required information.

Included in the price

Document preparation and submission to the Centre of Registers.

Customer service

Quick and professional assistance from specialists;
Remote consultations;
Response within 1 business day.

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;
An extract from JADIS (Register of Participants). We can order it on your behalf;
An extract from JANGIS (Register of Beneficial Owners). We can order it on your behalf.
Information about new name.

Service Process

Order: You place and pay for the service on our website.
Document Submission: We will ask you to send all the necessary information and documents so that we can start the work quickly and accurately.
Name Check and Reservation: We check the availability of the new company name in the Centre of Registers and trademark registers. We temporarily reserve the name and publish the name change in the Centre of Registers’ electronic bulletin.
Document Preparation: We prepare all the necessary documents for the name change and send them to you for signing.
Data Submission to the Centre of Registers: At a time convenient for you, we submit the data regarding the amendments to the company’s articles or regulations to the Centre of Registers and order a new Electronic Certified Extract (ESI).

What is a Company Name Change?

Changing a company name might seem like a minor adjustment, but it can have a significant impact on your business’s visibility and success. A well-chosen company name is a powerful branding tool. When your company’s name is memorable and evokes positive associations, potential customers are more likely to remember it when they need your products or services and reach out to you.

While quality service and exceptional customer experiences contribute to a strong reputation, a company name change can risk losing that brand recognition. However, it’s important to note that a brand and a company name are distinct elements, and they can be managed independently.

A company name change doesn’t have to erase the value and recognition your business has built over time—careful branding and communication strategies can help maintain or even enhance your reputation.

Prohibited Company Names – What You Need to Know

If you’re considering a company name change, it’s important to understand that your new name must meet specific legal requirements. Simply choosing a name that is unused in Lithuania isn’t enough. Here are the key rules for selecting an acceptable company name:

Place Names Are Not Allowed
A company name cannot be just a place name, no matter how much you like the city. For example, you cannot register a company as “UAB Vilnius.” However, a place name can be used in combination with another word, such as “UAB Vilniaus duona.”
Avoid Identical Names to International Entities
Your company name must not be identical to any names already registered internationally, especially if those names hold international status. If a name is already used elsewhere and cannot be registered, adding “LT” (for Lithuania) to the name can be an effective solution. For example, “UAB VilniusLT” would be acceptable if “Vilnius” is already taken internationally.

By following these guidelines, you can ensure your new company name is legally compliant and unique in both Lithuania and internationally.

Frequently Asked Questions about Changing a Company Name

Can I change the company name at any time?

Yes, you can change the company name at any time, but it requires an official process and updating of legal documents.

How long can the company name change process take?

In Lithuania, the time required for changing a company name can vary depending on several factors. The company name change process typically involves the following steps:

Preparation: Before starting the official name change process, you should check if the new name is already registered by another company or trademark. This is crucial to avoid potential issues and conflicts in the future.
Shareholders’ (Members’) Decision: If you’re the owner of a joint-stock company, the first step is to hold a shareholder meeting where the decision to change the name will be made.
Approval of the New Name: Once a new name is chosen, you need to submit a request to the Lithuanian Register of Enterprises. The approval can take from a few days to a few weeks, depending on the workload of the register and the number of employees, as well as whether the proposed name meets all the requirements.
Document Processing: After the new name is approved, you will need to prepare the company documents with the new name and submit them to the Register of Enterprises. This step may also take a few days as all documents need to be reviewed and processed.

Overall, the company name change process typically takes from a few weeks to a month, but this can vary depending on the specific situation and the pace of the registry’s work. It’s important to ensure that all required documents are correctly filled out and submitted on time to help reduce the duration and avoid potential complications.

What documents are required for changing the company name?

The required documents for a company name change include the company’s founding documents, the decision regarding the name change, the company’s articles of association or regulations (which need to be updated), and other documents related to the company registration.

Can I use my city in the company name?

A place name can be used, but it cannot be the sole name of the company. For example, a company named UAB “Vilnius” cannot be registered, but a name like “Vilniaus duona” is allowed.

Do I need to notify clients about the name change?

Yes, it is recommended to notify clients and partners about the company name change to avoid confusion and ensure smooth business continuity.

Do I need to change the company logo along with the company name?

There is no single answer to this question. We recommend changing the company logo if the company’s field of activity is specifically changing, and the current logo no longer reflects the services offered, etc. For example, if a company name changes from UAB “Jonis” to UAB “Jonas,” and the business activity remains the same, there is no need to change the logo.

Can I choose any name?

No, the name must comply with certain rules: it cannot be misleading, and it cannot be identical to other company names, especially if they have international status.

In what cases is it not recommended to change the company name?

It is not recommended to change the company name if the company is well recognized not only in the business field but also in society. Additionally, if the company name has become a trademark and contributes to increasing overall company revenue through product or service sales, changing the name could negatively impact brand recognition and market position.