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Establishment of MB

Direct integration with the Centre of Registers

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Standard timeframe: 3–5 business days

Sale! -20% Save 37,50 €

Limited liability small partnership

Small partnership (MB) registration online

A small partnership (MB) is the most flexible and popular business form for start-ups, family businesses and sole entrepreneurs, with no €1,000 minimum capital requirement. We prepare all incorporation documents and articles of association and represent you at the Centre of Registers remotely within 3–5 business days.

€0 initial contribution

No share capital required

Start operating with minimal investment and no bank deposit requirement (€0 initial contribution – you set the amount of capital yourself).

No need to freeze €1,000

Protection

Limited liability

As a general rule, members are not liable with their personal assets for the partnership's obligations – the partnership is liable with its own assets.

Secure legal status

Management

Flexible management

An MB can be founded by 1 to 10 members. No need to hire a director – members can manage the partnership themselves or appoint a manager under a civil service contract.

From 1 to 10 members

Optimisation

Tax efficiency

Corporate income tax reliefs (0% for the first two years or a reduced 7% rate) and simple withdrawal of profit for personal needs or as an advance.

Tax advantages

25+ years of experience in law and taxation

Centre of Registers fees are already included in the service price

Documents prepared by lawyers

88%

Of small businesses

Why do start-up entrepreneurs choose an MB?

According to the latest statistics, as many as 88% of new small business founders in Lithuania choose a small partnership for its minimal bureaucratic requirements, zero share capital and flexible tax system.

Timeframe: 3–5 business days

Save 20%

Original price was: 187,50€.Current price is: 150,00€. without VAT

without VAT

Original price was: 187,50€.Current price is: 150,00€. without VAT

Total incl. 21% VAT:

181,50 €

The company registration period starts from the day we receive all the required documents from the client.

By clicking the button, you confirm your order and proceed to secure payment.

Centre of Registers fees included in the price

Secure 256-bit SSL payment via online banking

Professional liability of licensed lawyers

MyTax law office – MB registration consultations
1400+
Successfully registered MBs and companies

MB articles of association approved by the Ministry of Justice of the Republic of Lithuania

Protection and compliance

Legal peace of mind and smooth registration

When you set up an MB with MyTax, you get more than routine form-filling – you get a complete legal and tax foundation. Our senior lawyer Alina Barkuvienė and her team personally oversee every stage of the registration to ensure compliance with the Law on Small Partnerships of the Republic of Lithuania.

Precise deed of incorporation and tailored articles of association

We tailor the MB articles of association and the deed of incorporation (or agreement) to the relationships between your members and your management structure. No vague or outdated wording.

Limited liability of members

An MB is a separate legal entity. Members are generally not liable with their personal assets for the partnership's obligations.

Free corrections based on Centre of Registers comments

If the Centre of Registers has any comments on the documents, we make all corrections free of charge on the same day.

Legal comparison

How does an MB differ from a UAB and an IĮ?

Compare objectively the advantages and liabilities of a small partnership (MB), a private limited company (UAB) and an individual enterprise (IĮ) before deciding on the legal form of your future business. More on our company formation services page.

01

Legal liability

MB: Limited civil liability – members are generally not liable with their personal assets.
UAB: Also limited civil liability.
IĮ: Unlimited – the owner is liable with all of their assets.
Limited liability of members
02

Share capital

MB: No requirement (can be from €1 or no fixed minimum).
UAB: Min. €1,000 (must be paid into a bank accumulation account).
IĮ: No minimum capital requirement.
Quick start without freezing funds
03

Management and structure

MB: Members' meeting or a manager under a service contract.
UAB: Mandatory manager under an employment contract + shareholders.
IĮ: One natural person (the owner).
Flexible management without employment relationships
04

Profit distribution

MB: Funds for personal needs (as an advance) or dividends.
UAB: Dividends only after the financial year ends, or interim dividends.
IĮ: Owner's income without separate approval.
Flexible profit withdrawal options

It doesn't get simpler

A clear process: 4 steps to an operating MB

We do everything remotely. You don't need to visit a notary or queue at the Centre of Registers.

1

Choosing a name

Provide three preferred names for the partnership in order of priority.

Duration: ~15 min.

2

Document preparation

We prepare the deed of incorporation (or an agreement for several members), tailored MB articles of association and the decision on appointing a manager or holding a members' meeting.

Duration: 1 business day

3

Signing with an e-signature

All founders sign the prepared incorporation documents with a mobile e-signature (Mobile-ID or Smart-ID). No need to open an accumulation account.

Duration: ~5–10 minutes

4

Registration and STI

The Register of Legal Entities (JAR) registers the partnership, assigns a legal entity code and issues an electronic extract (ESI), and the initial declaration is submitted to the STI and Sodra.

Your company is ready for business!

Answers to your questions

Frequently asked questions about MB registration

Didn't find the answer to your question? Our lawyers and accountants will provide a free individual consultation.

Call a consultant: +370 5 2075759

What is the minimum share capital of an MB at registration?
A small partnership is not subject to a minimum share capital requirement (unlike a UAB, which requires at least €1,000). A member's contribution can be symbolic – for example, €1 or another monetary or non-monetary amount agreed by the members. There is no need to open a separate accumulation account before registration.
Can I set up an MB on my own, and do I have to employ a manager?
Yes, an MB can be founded by a single person, who will be the partnership's sole member. Setting up an MB does not require an employment contract or hiring a director – the member runs and represents the partnership under its articles of association or a civil service contract, which avoids the mandatory payroll tax burden.
What taxes apply to an MB in its first years of operation?
A newly established MB may apply a 0% corporate income tax rate for its first two tax years if it meets the small business conditions (up to 10 employees and annual revenue of up to €300,000). After that, a reduced 7% rate applies instead of the standard 17%. Important: an MB member who is not covered by compulsory health insurance on another basis (e.g. under an employment contract) must pay compulsory health insurance (PSD) contributions themselves, calculated on the minimum monthly wage – even if they do not withdraw any funds for personal needs. Our accountants will help you calculate and pay the contributions on time.
Can an MB later be converted into a UAB?
Yes! As your business grows and you need to attract venture capital or have more than 10 shareholders, a small partnership can easily be converted into a UAB. The conversion keeps the same company code, bank accounts, licences and existing commercial contracts.
How long does MB registration take and when can I start operating?
Once the documents are signed electronically, the Centre of Registers registers the MB within 3–5 business days (sometimes within 24–48 hours). After receiving the legal entity code and the electronic extract (ESI), you can immediately open an account with a bank or a FinTech institution (Paysera, Revolut) and start operating.

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Pre-launch consultation

Unsure about setting up an MB or the tax model?

Contact MyTax's licensed lawyers. We will answer all your questions about MB member agreements, tax optimisation, manager appointment and registered office address – free of charge.

call +370 5 2075759

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