New legislation is currently being implemented to improve the notary system in Lithuania.
Recently the Lithuanian state took several steps toward implementing the “one-stop-shop” principle and improving the functioning of the system of notaries. The aim was to have the notary office as the only place to visit while concluding a real estate transaction. The notary would then transmit all the required data, via Internet, for registration in the public register – without any extra charge. The same principle should be used with regard to registration of property mortgages and pledges as well as registration of new legal entities and changes to their main corporate data.
