VTF

Using this database, you can find all entities being privatised in Lithuania or included in the list of entities to be privatised. Here, you will find not only the entities managed and being privatised by the State Property Fund, but also those owned by municipalities by the right of ownership. A simplified or extended search is also available. Search can be conducted according to cities/districts, number of employees, and by selecting the category of the entity - real estate/companies.

After having pressed (activated) “Database search”, you will see the following text:

“Using this database, you can find all entities sold in Lithuania (i.e. privatised by both the State Property Fund and municipalities). If the entity is included in the list of entities to be privatised but its privatisation programme has not been approved yet, the computer will give the following note:

“Has not been privatised”. Information on privatisation programmes newly approved by the Privatisation Commission is available on the Internet website at the end of each month.

Being aware that your interest in entities being privatised is diverse, we offer you a twofold search – simplified and extended. Search can be conducted according to cities/districts, number of employees, and by selecting the category of the entity – real estate/companies.”

The potential buyer who wants to be registered as a bidder must submit to the Property Fund the following documents in a sealed envelope within the time fixed in the Privatization Information Bulletin for the acceptance of bidders‘ documents:

11.1. the application for participation in the public auction;

11.2. the documents or their copies issued by a banking institution certifying the payment of the registration fee and initial contribution to the Property Fund’s account indicated in paragraph 10;

11.3. the Power-of-Attorney certified under established procedure, if the potential buyer is represented by other person. Should the potential buyer be a natural person, the Letter-of-Attorney should be certified by a Notary Public;

11.4. a copy of the Certificate of Incorporation of the company (of the companies registered in the Republic of Lithuania) and the certificate on the shareholders owning the shares in excess of 5 per cent of the authorized capital of the company, signed by the head and the senior finance manager of the company, if the potential buyer is a company. Foreign potential buyers should submit the document proving the incorporation of the company legalized under the established procedure;

11.5. the founding document of a group of legal and (or) natural persons, if the potential buyer is the group of legal or (and) natural persons. If the potential buyer is a group of natural persons or a group including one or more natural persons, the founding documents should be certified by a Notary Public;

11.6. the certificate issued by the Property Fund on the registration of an initiative bid, if the potential buyer has presented the mentioned bid.

11.7. the documents confirming that the potential buyer meets the qualification criteria, if these criteria are established.

Hereby we notify that, upon submitting the documents on participation in the public auction on the sale of privatisation object with a plot of land given thereto, which the purchaser must acquire into his ownership, any potential purchaser, namely the natural person, must also submit a copy of a document validating his citizenship, the status of his permanent residence in a foreign country or permanent residence in the Republic of Lithuania without possessing the citizenship of the Republic of Lithuania.