MB (Small Partnership)
Company Formation

In most cases, yes. We guide you through the remote setup process.

No, an MB does not require a director.

An MB can be started with a contribution from €1.

Yes, VAT registration can be completed after company formation.

Yes, it is widely used for e-commerce and digital services.

Yes. Lithuanian MB companies are widely accepted by major payment processors such as Stripe, PayPal, and others. As long as your business activity complies with their policies, you should have no issues opening and using these accounts.

Yes. An MB (Mažoji Bendrija) is a limited liability legal entity. This means that the owners (members) are not personally liable for the company's obligations — their personal assets are protected.

No. Foreigners can fully own and manage an MB without being residents of Lithuania.

Typically, the process takes around 2–3 weeks, depending on the chosen registration method.

Yes. An MB can be converted into a UAB as your business grows and requires a more advanced corporate structure.

The main difference between an MB and a UAB in Lithuania is structure and management. An MB (Mažoji Bendrija) does not require a director and is designed for small businesses, while a UAB (Private Limited Company) requires a director (the owner can appoint themselves), allows up to 249 shareholders, and is better suited for scaling and raising investment.

An MB is better for small or starting businesses due to lower costs and simpler management. A UAB is better for growing businesses that need a formal structure, a director, or plan to raise investment.