UAB
Definition
The standard abbreviation for "Uždaroji akcinė bendrovė", denoting a private limited liability company in Lithuania. This is the most popular legal form for small and medium enterprises, requiring a minimum share capital of €2,500 (as of recent updates).
Examples
Įkūriau UAB „Sėkmingo Tinginio Imperija“, bet pagrindinis produktas – kavos pertraukos.
I founded UAB 'Empire of the Successful Slacker', but the main product is coffee breaks.
Mano draugo UAB specializuojasi gaminant idealias atsiprašymus viršininkui.
My friend's UAB specializes in producing perfect apologies to the boss.
Norint pradėti verslą Lietuvoje, dažniausiai renkamasi UAB – lengva, patogu ir skamba solidžiai.
To start a business in Lithuania, most choose UAB – easy, convenient, and sounds solid.
Jos UAB parduoda virtualius arklius internete – XXI a. aukso kasykla!
Her UAB sells virtual horses online – the gold mine of the 21st century!