Lithuania AB vs UAB

AB is a legal entity in Lithuania, with the full name of Akcinė Bendrovė. It is a type of company with a combined ownership structure and limited liability. AB can participate in the market publicly, with a requirement of at least one shareholder and at least one director. Unlike companies in other countries/regions, AB is not required to designate a legal representative, have a local person as a director, or appoint a company secretary. However, the minimum registered capital for AB is 40,000 euros, requiring a certain level of capital investment. Additionally, AB does not need to undergo capital verification, but it must provide relevant proof of funds. Overall, AB is a relatively flexible legal entity, suitable for businesses wishing to operate in Lithuania.