
What is Lithuanian UAB? Why should I require it to obtain the Residence Permit?
A limited liability company in the Lithuanian Republic is known as a ‘UAB’ (Uzdaroji Akcine Bendrove). You should not be concerned about the necessity of registering a ‘UAB’ company in order to obtain the Lithuanian Residence Permit. Registering a UAB company is the only easiest and cost effective option for a Non-EU citizen to qualify for obtaining the Lithuanian Residence Permit as per the Lithuanian laws.