As of 2015 Lithuania is joining the eurozone by adopting the euro as the national currency. Therefore, amendments to the Law on Companies also come into force from 1 January 2015. These require the share capital of private limited liability companies to be no less than EUR 2,500 (LTL 8,632) and that of public limited liability companies to be no less than EUR 40,000 (LTL 138,112). In contrast to the current practice of showing the nominal value of a share rounded up or down to the nearest litas, from 1 January 2015 it will be possible to denominate the nominal value of a share with euro cent accuracy.
From 1 January 2015, the nominal value of shares and share capital in the documents of incorporation of companies filed with the Register of Legal Entities must be shown in euro. This means that, in the event of forming a new company and preparing its documents of incorporation before 31 December 2014 but filing the documents with the Register of Legal Entities after this date, the nominal value of share capital and shares in the documents of incorporation must be shown in euro rounded up or down to the nearest euro cent and not in litas.
Moreover, it is worth mentioning that private liability companies as well as public liability companies shall change their Articles of association and adopt share related values to euro. Those changes must be filed with the Registry of Legal entities before 31st December, 2016.