Entities Registered in the Republic of Lithuania

Legal entities* registered in the Republic of Lithuania shall submit the following documents for opening a bank account:

• Legal entity's extended extract from the Legal Entities Register (JAR) - original or notarized copy/transcript or access key to the electronic JAR. Private Limited Liability Companies, Small Communities and Public Bodies shall additionally submit an extract from the Legal Entities Register Participants Information System (JADIS)**;
  According to the internal procedures in force in the Bank, the SECR / ISLEP statements of the State Enterprise Centre of Registers submitted by the client must not be older than 3 months from their submission to the Bank.
  In cases where the extended SECR statement does not provide information on shareholders of private limited companies, members of small partnerships and beneficiaries of public institutions, an additional statement from the Information System of Legal Entities Participants (ISLEP) ** must be submitted;
• documents of incorporation of the legal entity (articles of association / regulations / statute) with all amendments - original or notarised copy / transcript;
• the document of appointment / election of the head of the legal entity, or certificate / its transcript from JAR / extended statement from the JAR - the original or notarised copy / transcript or access key to the electronic JAR;
• if a person authorized by the head of a legal entity applies for opening a bank account with the bank, the power of attorney of notarial form approved by the head of legal entity or other management body (if the quantitative representation is specified in the incorporation documents of the legal entity) to perform specific actions must be submitted (e.g. to open bank account, to sign bank account agreement, to fill in with sample of signatures card, etc.) - an original or notarised copy / transcript, together with a notarized copy of the identity document of the legal entity's head;
• original documents confirming the identity of the head of the legal entity or his / her authorized person (when authorized person is app lying, additionally provide notary zed copy of the identity document of the entity’s head);
• stamp, if the stamp is required to have.

* Legal entities registered in the Republic of Lithuania: public limited liability companies, private limited liability companies, special purpose public limited liability companies, investment companies with variable capital, small partnerships, individual companies, agricultural companies, cooperative companies, insurance companies, credit unions, their branches and representative offices; budgetary institutions and organizations financed from the state or local government budget; state and municipal enterprises, public institutions and charity and support funds, associations (public organization, association, confederation, union, etc.), multi-apartment owner associations, political parties, trade unions, religious communities, non-profit companies and foundations.

** The statement is mandatory, when beneficiaries have already been  registered in JADIS system (before the extract is submitted to the bank), for the private limited liability companies, small communities and public bodies, and only if they have registered more than one shareholder, member of a small partnership or a public body shareholder.

Farmers must submit the following documents to open a bank account:

• Farmer's certificate / farm registration certificate - original or notarised copy / transcript;
• If the bank account is opened by a person authorized by the farmer, a notarized power of attorney for specific actions (e.g. to open bank account, to sign bank account agreement, to fill in with sample of signatures card, etc.) is required - original or notarized copy / transcript;
• The originals of the farmer or his / her authorized person identifying documents.

Collective and limited partnerships must submit the following documents to open a bank account:

• an extended extract of the partnership from the Legal Entities Register (JAR) - an original or notarized copy / transcript or access key to an electronic JAR;
• a notarised copy of the partnership’s joint venture agreement - the original or notarised copy / transcript;
• the partnership head’s appointment / election document (order, resolution, minutes of the meeting) or an extract from the JAR / extended extract from the JAR - original or notarised copy / transcript or access key to the electronic JAR;
• if partnership head is not appointed (when this is provided for in the partnership agreement) and one of the members of the partnership (if the partnership agreement does not provide conclusion and signing of transactions by one of the members of the partnership) applies, to submit power of attorney in notarial form issued by all partnership members - natural persons to perform specific actions (e.g. to open bank account, to sign bank account agreement, to fill in with sample of signatures card, etc.) - original or notarized copy / transcript;
• Originals of identity documents of the head of the partnership, members of the partnership or the person authorized by the members of partnership.
• stamp, if the stamp is required to have.

Professional associations of lawyers who have established a legal entity must submit the following documents to open a bank account:

• an extended extract of the association from the Legal Entities Register (JAR) - an original or notarized copy / transcript or access key to an electronic JAR;
• an operating contract or a association incorporation document (where the association is founded by a single founder) - an original or a notarised copy / transcript;
• the appointment / election document (order, resolution, minutes of the meeting) of the head of the association or an extract from the JAR / extended extract from the JAR - original or notarised copy / transcript or access key to the electronic JAR;
• if head of association manager is not appointed (when this is provided for in the association operating contract) and one of the members (partners) of the association applies and if the association operating contract does not provide conclusion and signing of transactions by one of the partners, provide a notarial form power of attorney of all members of the association – natural persons for specific actions (e.g. to open bank account, to sign bank account agreement, to fill in with sample of signatures card, etc.) - original or notarised copy / transcript;
• the document appointing or electing the head of the association (decision, minutes of the meeting) if this is not provided for in the association operating contract. If head of association has not been appointed, all members (partners) of the association jointly or one of the members (partners) of the association have the right to enter into and sign transactions on behalf of the association, if this is provided for in the association operating contract or in the power of attorney issued by other association members (partners). The power of attorney must be in the notarial form if the members (partners) issuing the power of attorney are natural persons. The original or notarised copy / transcript of the document shall be provided;
• original documents confirming the identity of the head of the association, the members of the association (partners) or the person authorized by partnership members;
• stamp, if the stamp is required to have.

Notaries, lawyers, bailiffs or their bureaus / offices that have not established a legal entity must submit the following documents to open a deposit bank account:

• A certificate / permit issued by the Lithuanian Bar Association to practice a lawyer or a certificate of a lawyer - applies to lawyers; Order of the Minister of Justice of the Republic of Lithuania on the appointment of person as a notary and a notary certificate - applies to notaries; a certificate issued by the Ministry of Justice of the Republic of Lithuania confirming the right to perform bailiff's activities and a bailiff's certificate – applies to bailiffs. The original or notarised copy / transcript of the document shall be provided;
• if the lawyers are acting on the basis of a partnership (lawyers' professional association) agreement without the establishment of a legal entity (share an office), they must provide to the bank: 1) a joint activities (partnership) contract (original or notarised copy / transcript of the contract), stating that the specified lawyers have decided to co-operate, join and act as an office; 2) a notarised power of attorney issued on the basis of this contract if the partners delegate everything to one person, i.e. to open an account with the bank, to conclude a deposit agreement, to terminate it, to dispose of the funds - an original or notarised copy / transcript. A notarial power of attorney is required if the joint activities contract does not specify who represents the lawyers office;
• the original identity document of the representative;
• a stamp which must be kept and submitted by notaries and bailiffs (a lawyer shall provide a seal when he has it).

Apartment houses that have established the DNSB community must submit the following documents to open a bank account:

1) when the DNSB (multi-apartment house owners’ community) is established:

• an extended extract of the community from the Legal Entities Register (JAR) - an original or notarized copy / transcript or access key to an electronic JAR;
• DNSB incorporation documents (statute) - original or notarised copy / transcript;
• DNSB head’s appointment / election document (order, resolution, minutes of the meeting) or extract from the JAR / extended extract from JAR - original or notarized copy / transcript or access key to the electronic JAR;
• The original identity document of the head of the DNSB (Chairman);
• If DNSB intends to enter into transactions involving other financial liabilities (e.g. to take out a Business Card), additionally the minutes of the meeting of 51 per cent and more of the owners of the apartments and other premises, which would indicate which transactions the DNSB decided to enter into.

2) when the multi-apartment house is administered by an administrator appointed by the municipality (legal entity):

• Administrator's registration certificate or JAR extract - original or notarized copy / transcript or access key to electronic JAR;
• Documents of establishment of the administrator (statutes, regulations) - original or notarised copy / transcript;
• Municipal decision (or a certified copy thereof) to assign the administrator of jointly used sites of a multi-apartment house that has not established a DNSB and does not operate on the basis of a joint activity contract - original or notarised copy / transcript;
• Administrator's appointment or election document (decision, minutes of the meeting) or a JAR extract - original or notarized copy / transcript or access or access key to the electronic JAR;
• Document (decision, authorization) confirming the basis of representation by the administrator’s representative (if no administrator's head aplies) - original or notarised copy / transcript;
• The original of the identity document of the administrator's representative;

3) when a multi-apartment house operates on the basis of a joint activity contract:

• a joint activity contract and extract from the Real Estate Register (joint activity contract before submitting the extract is to be filed with the NTR and expressly stipulate the representative of the apartment house and his right to dispose of the funds accumulated by multi-apartment house owners) - original or notarised copy / transcript ;
• The original of the identity document of the representative of the apartment house (specified in the joint activity contract).

Legal entities in bankruptcy, liquidation, legal entities having stats of undergoing restructuring, must submit the following documents to open a bank account:

• extended extract of Legal Entities Register (JAR) - original or notarized copy / transcript or access key to electronic JAR;
• a copy of the court's decision to institute bankruptcy / restructuring proceedings against the legal entity, and when the bankruptcy proceedings take place in a non-judicial manner, a certified copy of the minutes of the creditors' meeting which declared legal entity bankrupt and as a result liquidated. If a legal entity is being wound up in accordance with the procedure provided for in the Civil Code of the Republic of Lithuania, to submit a decision of the general meeting of shareholders or court or a certified copy thereof regarding the liquidation of the legal entity and appointment of the liquidator (only a natural person) - original or notarised copy / transcript;
• a copy of the court order to appoint the administrator of the legal entity in bankruptcy / restructuring, and if the administrator of the legal entity is another legal entity, also a certified copy of the appointment document of the authorized person (if it is not provided for in the court order) when the bankruptcy proceedings go on not via judicial procedure – submit the copy of the minutes of the meeting of creditors to appoint the administrator;
• articles of association (statute or regulations) of the legal entity or their copy / transcript certified by a notary (there is no obligation to submit);
• the originals of the identity documents of the legal entity's administrator / liquidator or his / her authorized person (if the legal entity's administrator is another legal entity – its head / authorized person);
• a seal, if the legal entity is obliged to have a seal (in the absence of the seal transferred by former head of the legal entity to the administrator / liquidator, there is no obligation for the administrator / liquidator to submit it to the bank).

Establishing legal entities whose Articles of Association are not yet registered, must submit the following documents to open an accumulative bank account for the accumulation of authorized (share) capital, except for those who apply to the Bank for opening a cumulative account remotely, must submit the following documents to open a bank account:

• the incorporation transaction (incorporation act or incorporation agreement) signed by the founder (founders) - original or notarised copy / transcript;
• authorization to open a cumulative bank account*** (if several founders are provided for in the incorporation agreement and no authorized person is specified in the incorporation transaction) - original or notarised copy / transcript. If the founder himself opens a the cumulative bank account by submitting the incorporation act, he does not have to submit the power of attorney;
• Original documents confirming the identity of the founder (founders) and / or the authorized person.

*** When changing a cumulative bank account to a bank account, the account number remains the same.

The established legal entity must present for opening of the cumulative bank account for increase of the authorized capital:

• a resolution (minutes) of the general meeting of shareholders on the increase of the authorized capital or its notarised copy / transcript;
• if the legal entity is not a customer of the bank, in addition, in accordance with the legal form of the legal entity, the above-mentioned legal entity identification documents