UAB "Germalita Accounting & Consulting"

About UAB "Germalita Accounting & Consulting"

Germalita Accounting & Consulting started in Vilnius in 2004 with two employees, the year Lithuania joined the European Union, and has since grown to about 150 clients and more than 70 companies it has helped to establish. The firm states that foreign-capital companies are among its clients and that it provides its accounting services in German and English as well as Lithuanian. For new businesses it compares the small partnership (MB) and private limited company (UAB) forms, prepares the required founding documents and carries the registration process through. Ongoing work covers day-to-day bookkeeping, detailed financial reporting and the preparation and filing of mandatory declarations with the authorities, along with consultations on accounting, tax, restructuring and liquidation. Micro-enterprises can also outsource administrative tasks such as handling correspondence, answering calls and managing documents. The website is in Lithuanian and does not include a dedicated section for foreign investors.

Services

Company formation for MB and UAB entities: choice of legal form, preparation of founding documents and handling of the registration process. Daily bookkeeping, financial statements and mandatory tax declarations; consultations on accounting, taxes, restructuring and liquidation. Administrative outsourcing for micro-enterprises, including correspondence handling, call answering and document management. Advice covers the choice between MB and UAB, their tax treatment and the right moment to register for VAT, with document templates and instructions supplied to founders.

• ✓ Company formation: offered
• ✓ Accounting and bookkeeping: offered
• ✓ Tax compliance: offered
• ✕ VAT: not listed
• ✕ Payroll: not listed
• ✕ Audit: not listed
• ✕ Bank account assistance: not listed
• ✕ Residency and visas: not listed
• ✕ Corporate secretarial: not listed
• ✓ Virtual office: offered