Annual Report Preparation Lithuania
Annual Report Preparation in Lithuania – Accurate, Compliant & Professionally Managed
Annual report preparation is not just a legal obligation in Lithuania—it is a strategic tool that strengthens your company’s transparency, credibility, and business relationships. Whether you run a local enterprise or a foreign-owned company, timely and professionally prepared annual reports are crucial to maintaining compliance and demonstrating operational integrity.
At UAB “AM Law”, we provide comprehensive annual report preparation services in Lithuania tailored to companies of all sizes. Our experienced team ensures your annual report meets all local legal requirements and presents your company’s financial health in a clear and professional format.
Why Annual Reports Matter in Lithuania
An annual report serves as a formal record of a company’s financial activities, performance, and compliance for a given financial year. In Lithuania, submitting your annual report is mandatory and applies to all legal entities registered in the country.
Beyond fulfilling legal requirements, an annual report can:
Showcase growth, success, and corporate responsibility
Build trust with investors, shareholders, and partners
Assist in securing funding or credit
Support tax and audit readiness
Help leadership make informed strategic decisions
Who Is Required to Submit an Annual Report in Lithuania?
Annual report preparation and submission are required for:
- Private Limited Liability Companies (UAB)
- Public Limited Liability Companies (AB)
- Partnerships
- Branches and representative offices of foreign companies
- Associations and non-governmental organizations (NGOs)
- Cooperatives and other registered legal entities
Even if your company had no activity during the financial year, a simplified annual report may still be required to avoid penalties or deregistration.
Components of an Annual Report in Lithuania
A typical annual report in Lithuania must include the following sections, depending on the company type and size:
1. Balance Sheet (Statement of Financial Position)
A summary of your company’s assets, liabilities, and equity at the close of the fiscal year, offering a snapshot of financial health.
2. Profit and Loss Statement (Income Statement)
A detailed breakdown of revenues, expenses, profits, and losses, used to evaluate company performance and determine taxable income.
3. Cash Flow Statement (if applicable)
Shows the inflow and outflow of cash in operations, investing, and financing activities, providing insight into liquidity and financial management.
4. Statement of Changes in Equity
Tracks capital contributions, retained earnings, and shareholder movements, offering a transparent view of ownership and profit distribution.
5. Explanatory Notes and Accounting Policies
Includes explanations of financial data, assumptions used, methods of depreciation, or any extraordinary items that require clarification.
6. Management Report (if applicable)
For medium to large companies, a management report is required to outline the company’s activities, market conditions, risk factors, and corporate strategy.
Key Legal Requirements and Standards
Lithuania’s annual report preparation is governed by:
- The Law on Financial Reporting of Entities
- The Law on Companies
- Lithuanian Business Accounting Standards (BAS)
- International Financial Reporting Standards (IFRS), where applicable
At AM Law, we ensure your reports are fully aligned with the applicable standard—whether BAS for most SMEs or IFRS for large and international companies.
Our Services – Annual Report Preparation Made Simple
We offer a complete suite of services for annual report preparation in Lithuania, including:
Financial Statement Compilation
We prepare all required financial statements based on your accounting records, fully aligned with legal standards and audit readiness.
Explanatory Notes and Disclosures
Our team drafts comprehensive notes, outlines accounting policies used, and includes any required legal or tax-related disclosures.
Multilingual Report Preparation
We deliver reports in Lithuanian, English, or Russian, depending on your requirements, ideal for foreign shareholders or auditors.
Review and Shareholder Support
We assist in organizing the shareholder meeting, ensuring timely approval of the annual report and related decisions.
Electronic Filing and Archiving
Once approved, we handle the official electronic submission to the Centre of Registers and archive your documents securely.
Benefits of Partnering with AM Law
Legal and Financial Expertise
We combine accounting precision with legal knowledge, offering a holistic solution that ensures full compliance.
Industry-Specific Knowledge
From real estate and construction to IT, retail, and manufacturing, we tailor each report to your industry’s norms and standards.
Personalized Service
Each client receives dedicated attention and a reporting solution built around their business goals and operational structure.
Cost-Efficiency and Transparency
Our pricing is clear and competitive, with no hidden fees. We deliver maximum value while reducing your internal workload.
Common Challenges We Solve
Disorganized or incomplete financial data
Lack of internal accounting capacity
Non-compliance with BAS or IFRS standards
Language barriers in reporting
Missed deadlines or incorrect filings
Our proactive, end-to-end service ensures your annual report is not just submitted—but also audit-ready and legally sound.
Get Started with Annual Report Preparation Today
Don’t wait until deadlines are looming. At AM Law, we help you plan ahead, prepare accurately, and submit confidently. Whether you’re filing your first annual report or managing reporting for a complex corporate structure, we’re here to help.
Citizenship of Lithuania
Citizenship
- Acquisition of citizenship of the Republic of Lithuania by virtue of birth.
- Restoration of citizenship of the Republic of Lithuania.
- Oath of Allegiance to the Republic of Lithuania.
- Naturalisation.
- By way of exception.
- Simplified procedure.
Right to reinstate citizenship of the Republic of Lithuania to persons who had citizenship of the Republic of Lithuania and until 15 June 1940 and their descendants who have not acquired citizenship of the Republic of Lithuania before 2011-04-01.
We could help you to get citizenship in Lithaunia.
For jobseekers:
We are searching employees from Europe who would want to work in Lithaunian companies.
For employers:
We are dealing with recruitment companies all over the world and can suggest a variety of employees.