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- A strategic guide for navigating legal entity compliance in 2025 and beyond
- Remain Legally Compliant in 2025
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Since 1 January 2025, Lithuania has implemented the amended economic activity classification in line with Commission Delegated Regulation (EU) 2023/137 (NACE Revision 2). For legal and compliance teams, the change is now fully in effect. This article explains what has changed and what companies should already have done—or still need to do—to stay compliant.
What changed with NACE codes in Lithuania?
Lithuania’s national economic activity classification has been updated to align with NACE Revision 2, which is already in force. The revised classification now applies to most statistical submissions and also impacts internal corporate documentation and regulatory filings.
The updated list of activity codes is publicly available through Lithuania’s national statistics office.
Were company incorporation documents affected?
Incorporation documents of most private limited liability companies do not usually restrict the company’s operations to specific economic activities. However, in some cases—particularly with NGOs or public organisations—the documents may include limitations based on specific activity codes.
If incorporation documents or shareholders’ agreements contain outdated codes, these must now be verified and aligned with the current classification.
What if the codes were outdated?
If outdated codes were found, companies should have already initiated the following steps to remain compliant:
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Called a General Meeting of Shareholders
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Adopted a resolution amending the incorporation documents
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Had the changes notarised
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Submitted the amendments to the Lithuanian company register
This process typically takes at least two weeks, with timing depending on notary availability. Any company that has not yet completed this should act immediately to avoid misalignment.
What about related documents like shareholder agreements?
If economic activity codes appear in related documents such as shareholders’ agreements, updates must follow the specific amendment procedure laid out in those documents. While this may not always involve public registration, it still requires careful review to ensure consistency with the new classification.
Have reporting obligations also changed?
Yes. Any regulatory filings that include economic activity codes must now reflect the updated NACE Revision 2 codes. Companies submitting outdated codes in reports risk filing errors or non-compliance flags.
What should compliance teams ensure now?
Legal and compliance teams should already have:
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Reviewed all documentation referencing activity codes
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Cross-checked those codes against the updated classification
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Amended corporate and internal documents where necessary
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Aligned all regulatory filings with the current codes
If any of these actions remain incomplete, teams must act without delay to bring the company in line with 2025 requirements.
What’s next?
Managing an amendment to company incorporation documents requires detailed planning and full legal awareness. For more insights into processes in other jurisdictions, explore our article, Update your NACE Code with VID before it causes trouble.
Klea transforms entity management by offering centralised governance, automated compliance, and secure collaboration tools. For this reason, businesses looking for an efficient, scalable solution can take the following actions:
Request a Demo – See Klea in action for your organisation.
Start a Trial – Experience firsthand how automation reduces workload and improves efficiency.
Talk to Our Experts – Get tailored recommendations based on your entity management needs.
Company secretarial software solutions play a crucial role in modern businesses that require structured governance, consistent compliance, and accurate legal entity management. With Klea, organisations can ensure corporate governance remains efficient, transparent, and risk-free.
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The information provided on Klea’s website is made available “as is” for informational purposes only. Klea does not provide legal, tax, or financial advice and is not responsible for any actions taken or not taken based on the content found on this website. In no event shall Klea be liable for any loss or damages arising from reliance on the information contained herein.
For specific legal or compliance support tailored to your business needs, please contact Klea directly. Our team provides personalised guidance and expert solutions. Any reliance on general content without direct consultation does not establish any legal responsibility or liability on Klea’s part.