LITHUANIAN COMPANIES CAN NOW PAY DIVIDENDS SEVERAL TIMES A YEAR

  • 2012-05-16
  • By Arturas Gutauskas, Associate Lawyer
ECOVIS Miškinis, Kvainauskas ir partneriai advokat┼│ kontoraAfter amendments to the Law on Companies of the Republic of Lithuania, entered into force on May 1, 2012, Lithuanian limited liability companies are allowed to pay dividends several times a year (previously it was possible to do so only once a year, at the end of the financial year).The decision must be made by a general meeting of shareholders (by a qualified majority vote, which must be not less than 2/3 of all the votes of the shareholders attending the meeting).Dividends can be paid after preparation of t...
 
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