Reduction of authorized capital

Name: Reduction of authorized capital | Mytax.lt
Price: 376.61 EUR
Availability: InStock

The authorized capital reduction service is needed by companies seeking to optimize their financial structure and free up some of their capital. This can be useful when the company wants to return funds to shareholders or cover losses incurred. This procedure helps the company reduce its liabilities and adapt to its current financial situation.

311,25 € without VAT

Term

We perform the service on the same business day after payment and receipt of all necessary data. The Center of Registers registers the changes within 1–3 business days.

Included in the price

Consultation on issues of reducing the authorized capital;
Registry Center fees.

Customer service

Remote consultations;
Answer to questions within 1 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;
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.
Data on the new amount of authorized capital.

Service process

Service order: You order and pay for the service on the website;
Document submission: You will be asked to send all the necessary data and documents;
Document preparation: After receiving all the necessary documents, we will prepare them for signing;
Remote submission: We will arrange a convenient time to submit the documents to the Center of Registers remotely;
Registration and ESI order: We will register the amended articles of association with the increased authorized capital and order a new Electronic Certified Statement (ESI).

About reduction of authorized capital

Reducing a company’s share capital involves decreasing the value of the registered capital, as outlined in the company’s founding documents. This step is often undertaken to reduce shareholder obligations, return part of the funds to them, or address company losses. Capital reduction can also optimize the company’s financial structure and mitigate risks, especially if the capital size no longer aligns with the company’s actual needs.

However, the capital reduction process must comply with legal requirements, including notifying creditors and submitting necessary documents to the Register Centre. Successfully reducing share capital allows the company to manage its financial resources more efficiently and increases operational flexibility.