Individual enterprise is an unlimited liability private legal entity.
- The founder is a single natural person.
- The founder of an individual enterprise cannot be the founder of another individual enterprise.
- The founder of an individual enterprise can be the director of the enterprise or he/she may appoint another person to be the manager of the enterprise.
- The individual enterprise may keep the simplified bookkeeping.
Individual enterprise registration fee – 800 Lt/ 231.70 Eur (within 9 business days).