A power of attorney (POA) in Lithuania can be used in various administrative and legal tasks. With the help of our Lithuanian lawyers, you can be a representative in different situations without having to be physically present. Find out from the following lines what a Lithuanian POA is, how and what it is used for:
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Who issues a POA in Lithuania, and what details does this document contain?
A notary’s office issues a power of attorney in Lithuania, a common document that empowers a person to undertake certain administrative and/or legal formalities. This document must include the following information:
- the name of the principal (the person issuing the power of attorney) and the agent (can be one of our lawyers);
- the reason for drawing up the power of attorney in Lithuania;
- the type of power of attorney: general or special;
- the duration of the POA in Lithuania – limited or unlimited.
Our attorneys in Lithuania can represent you in various tasks for which a POA is required.
Situations in which a power of attorney can be used in Lithuania
Here are some of the administrative and legal cases for which a person can be represented with a power of attorney in Lithuania:
- sale/purchase/registration of a car;
- acquisition/sale of a property;
- incorporation of a company;
- financial transactions;
- health care decisions;
- estate planning, etc.
Issuing a power of attorney in Lithuania is based on the required documents, specifically identity cards/passports. Persons who want to be represented with a POA in Lithuania must be at least 18 years old and of full mental capacity when asking for this document. In some cases, a POA in Lithuania can be used only after notarization. We suggest that you discuss all these aspects with our Lithuanian lawyers and learn more about the cases in which you can be represented with a power of attorney.
Common situations for which a POA in Lithuania is used
A power of attorney in Lithuania can be used in special cases, such as loss of mental capacity and inability to manage personal affairs. Persons who travel abroad for a longer period of time can appoint our Lithuanian lawyers with a power of attorney to take care of various payments, business matters, etc. It is quite common for a POA to be used for estate planning in Lithuania. Some clients prefer to be represented with a POA in Lithuania for the sale of a house, thus having the guarantee that all formalities and procedures are covered.
A POA for opening a business in Lithuania
If you want to start a business in Lithuania, you can be represented with a power of attorney. Thus, our specialists will take care of:
- preparation of documents and submission/registration with the relevant authorities,
- opening a bank account,
- registration for tax payment,
- drafting work contracts,
- obtaining a company seal, etc.
These are the most common situations for which you can be represented with a power of attorney. Our lawyers in Lithuania can provide you with complete information about POA.
How much does a POA cost in Lithuania?
Here are some estimated costs of a power of attorney in Lithuania:
- Around EUR 50 costs for the attestation of a POA in Lithuania.
- Around EUR 100 is the price for drafting a POA in Lithuania.
These prices are estimates, and you should also consider the fees for the legal services provided by our lawyers. Also, if you are interested in immigration to Lithuania, our specialists can help you. Thus, you can obtain residency in Lithuania, with our help, at the time of relocation. We invite you to contact our law firm in Lithuania and find out all the information that interests you.