If until now the registration of a new company in Lithuania was obligatory to indicate the address of the registered office, then it is expected in the near future that this would not be necessary. By adopting this decision, Lithuania would become one of the first in the world to have legalized the virtual office, as stated in the statement of the Ministry of Economy.
According to the ministry, the choice of a virtual office would also facilitate communication with state institutions and other persons. At present, communication is often ineffective, since corporate governance bodies often do not actually work at a registered office. It would also reduce the burden of sending documents by registered mail to the company's home address and the like.
According to law enforcement officials, there are now a number of other ways to track down a private person or company, so creating a virtual home will not be difficult.