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Public institution (VšĮ) formation

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Setting up a VšĮ (public institution) can be complex without help — we’ll simplify the process. We prepare every document for VšĮ formation and handle the registration. We consult with you throughout the whole process to help you avoid mistakes.

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About our services - VšĮ formation

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QUESTIONS?

Discuss your needs today

Contact us for a free consultation to discuss how we can help you

Why choose us?

ELV Projects are professionals and enthusiasts in their field and can help you with a wide range of issues. We take care of company accounting throughout Lithuania and remotely.

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Helping businesses grow

We solve accounting challenges for different companies.

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Many years of experience

In our 11 years of existence, we have served more than 300 different businesses.

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Putting the customer first

We listen to our customers’ needs, advise them and solve problems.

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Operational decision system

We take care of your bookkeeping without holidays! Contact us the same day.

The process of providing accounting services

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A frank conversation

We get to know the client’s situation, understand their wishes and expectations.

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Situation analysis

We analyse the client’s situation and provide the best solution.

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We make an offer

We provide a cooperation offer, take over the documents.

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We care about you

We take care of the client’s bookkeeping and advise on business issues.

Our customers speak for us

GET A QUOTE

Put your company’s bookkeeping in the hands of professionals!

Frequently asked questions

Can a VšĮ have multiple founders?
Yes — a public institution can be founded by a single person or by several founders, both individuals and legal entities.
Do you need to appoint a manager during VšĮ formation?
Yes — a manager (director) must be appointed during VšĮ formation. They'll be responsible for the institution's day-to-day operations.
How long does VšĮ registration take?
VšĮ registration usually takes 1–5 working days from the moment all documents are submitted to the Centre of Registers.
Can a VšĮ carry out commercial activity?
Yes — but all profits must be used for the purposes set out in the statutes, and cannot be distributed to the founders.
Do VšĮ founders have any obligation to contribute funds?
Unlike with a UAB, a VšĮ doesn't require share capital. However, founder contributions, grants, or project funding may be provided for running the organisation.

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