Information Society Development Committee under
the Ministry of Transport and Communications
2017/09/06 - 2018/03/04
Current legislation in Lithuania requires to indicate a physical address when registering a new legal entity. This legal obligation burdens the company establishment process and leads to ineffective communication between legal entities and public authorities. Businesses operating without a permanent physical location will often get a so-called ‘virtual office address’ service provided by middlemen. Consequently, the communication between the parties becomes ineffective as correspondence usually will not reach an owner at the physical address, or reach with delay.
The virtual registered office is a platform that delivers documents and messages from the public institutions to legal entities in real-time and could be a solution to the above-mentioned problem. Lithuania is technologically mature to legitimise the virtual registered office – the country has a well-developed IT infrastructure, businesses are actively using eGovernment services and reliable electronic authentication services. A legitimisation of the virtual registered office would ease doing business in Lithuania and improve communication between state and legal entities.
During this project, Raminta and Adele will assess the opportunities and risks of legitimation of virtual registered office, observe international best practices and will unleash the potential of a national communication channel. This project aims to strengthen a connection between businesses and public sector, simplify the establishment of legal entities and increase the international competitiveness of Lithuania.
Raminta Olbutaite Adele Jaskunaite Olbutaite Raminta Jaskunaite Adele eGovernment eVyriausybe Virtual office Virtual registered office Create Lithuania Virtual address for registering business Legitimisation of virtual registered office Create Lithuania
Opportunity and risk analysis regarding legimitization of virtual registered office will be completed. The virtual registered office will lead to stronger connections between businesses and public sector and simplify the establishment of legal entities.
Virtual registered office: innovative breakthrough project
Presenting the project results at the Office of the Government of the Republic of Lithuania
Research conducted on current legal ant technological background:
Recommendations on further action plan