- A part of Europe
Travelling to and from Lithuania is easy, since the country is a part of the European Union and the EU’s Schengen area. EU based companies enjoy customs tax benefits, exposure to labor market and easier immigration. The movement of capital is now easier than ever due to the adoption of Euro in 2015.
The unique geographical location makes Lithuania the gates to Scandinavian, Western and Eastern markets. Lithuania’s quality of road infrastructure is ranked 1st in Central and Eastern Europe. The country is easily accessible by convenient railway connections, ice-free port of Klaipeda, and it takes only 3 hours or less from all EU capitals to reach Lithuania by plane. Doing business in Lithuania is easy thanks to one the fastest internet connections in the world.
- Business friendly tax environment
Lithuania has signed over 50 tax treaties with countries in and outside of Europe, making it possible to avoid double taxation in the World’s major markets. R&D investments are stimulated by the establishment of a special tax treatment which allows a triple tax deduction for carrying out R&D.
- Economic development
Lithuania is one of the fastest developing countries in the EU, with growth averaged around 3.3% per year from 2012 to 2014 due to exports and domestic demand. According to the EU Commission the country demonstrated an exceptional adjustment capacity in the wake of the financial crisis. The World Bank classifies Lithuania’s economy as one of the high-income economies in the world. Moreover, in 2015 OECD Member countries opened the discussion for Lithuania’s membership in the organization. Being a part of the OECD means more transparent corporate governance and better international exposure.
- Free economic zones
Lithuania has 7 conveniently located free economic zones which enjoy special legal and economic treatment. Free economic zones based companies have no tax on dividends and real estate tax, a 0% corporate profit tax during their initial 6 years of operation and 7,5% tax over the next 10 years.
Situated in the economic center of Southern Lithuania, Marijampole FEZ introduces investors with an exceptional opportunity to trade with Eastern European and Asian markets. It also offers a highly educated labor force just as the rest of the population, with 90% of the people speaking at least one foreign language. For the investors’ convenience Baltic FEZ assists firms during the investment process by providing a unique one-stop shop for all the administrative services your business needs. Baltic FEZ is a reliable partner guiding and supporting investors during the setting up and the development of their business.