The EACC is partnering with the embassies of Latvia, Lithuania and Estonia to host a “” trade and investment seminar on September 25, 2018 ( ). To prepare for the event, we asked the local Honorary Consuls to provide “country snapshots” showcasing the business opportunities in each of the three states. Please find the provided Lithuanian country overview below.
Lithuania is a business-friendly country for young entrepreneurs and skilled professionals, but it is also trusted by high caliber companies. This country, full of young people, ambition, energy, skill, and talent, is equipped with Europe’s fastest internet connection and a rapidly growing startup ecosystem.
Lithuania has jumped eleven places since 2013 for the ease of starting a business to 16th place globally in the World Bank’s Doing Business Report. The Lithuanian government understands the benefits of investment and is more than ready to provide the support needed, and Lithuania's modern dynamic business sector is fully EU compatible. What’s more, with tax treaties with 50 major markets including China, Russia and the USA, the Lithuanian business environment is truly global in its reach.
Multilingual, highly-educated and with the core competences international investors need, the talent in Lithuania is able to jump into any situation and offer high quality services from the word go.
How has Lithuania become the number one producer of ultra-short wavelength lasers in the world? Photonics has long been a field of excellence for research, and it’s now also home to a host of young start-ups. Plus, the country boasts state-of-the-art laboratories open to businesses. So, innovation is in Lithuania’s DNA, passing from one generation to another. From MedTech to robotics, seasoned researchers rub shoulders with bright-eyed start-ups, all focused on creating solutions with a global reach.
With its close-knit business community, networks are instant in Lithuania. This enables policymakers to be proactive in tailoring the business environment to meet the real needs of international investors.
When you need to seamlessly provide mission critical services to stakeholders around the world, being connected to first class infrastructure is a must. Lithuania offers international investors access to rapid, reliable virtual and physical connectivity.
- Population of 2.8 million
- Member of WTO, EU, Eurozone, and NATO
- 1st in EU for GDP per capita growth since 2000
- 13th freest economy in the world
- 16th globally for ease of doing business
Business Friendly Environment:
- 1 day to register a business using an e-signature
- 7 Free Economic Zones
- 0% corporate tax for the first 10 years
- 50% discount on corporate tax over the next 6 years
- 0% tax on dividends
- 0% tax on real estate
Strong Credit Ratings:
- Fitch, February 2018: A-, with stable outlook
- Moody’s, September 2017: A3, with stable outlook
- Standard & Poor’s, March 2018: A, with stable outlook
*Data and information provided by the Lithuanian Embassy in Washington.