Lithuania: a perfect country to start a business

Lithuania: a perfect country to start a business

Lithuania: a perfect country to start a business : Global companies such as RGE Group, Albright International, Hella, Continental, and IKEA, to name but a few, have recently chosen to launch their businesses in Lithuania, one of the fastest growing countries in the EU. 

Foreign investors choose Lithuania for 5 main reasons: investor-oriented talent, world-class infrastructure and living conditions, excellent price-to-quality ratio, business-friendly environment, and financial incentives. 

Lithuania has a population of around 2.8 million, of which 1.5 million are of the working age. Its economic growth has estimated in the region of 3.5 per cent in the recent years. 

What is special about the Free Economic Zones (FEZ)?

Zero-rate corporation tax is charged on companies operating in the FEZ for the first 10 years, next 6 years – 7,5%.

Zero-rate real estate tax applies during the entire presence in the FEZ. 

The plots can be customised to the customer needs, while the project takes between 9 to 12 months from the idea to getting the keys. 

Top location for manufacturing operations

Lithuania ranks 11th among 190 countries in the World Bank’s Ease of Doing Business index and enjoys the 13th place among 162 other countries in the Fraser Institute’s Economic Freedom of the World index. 

Lithuania tops the Cushman & Wakefield Manufacturing Risk Index being the most attractive country in Europe for manufacturing presence.  

Šiauliai region is the top location in Lithuania for manufacturing operations.

The Šiauliai FEZ is managed by Investment Partner, which is a FEZ operator. For more information, please visit: www.investmentpartner.lt 

Manufacturing & Engineering Magazine | The Home of Manufacturing Industry News

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