Unlike in other Baltic countries, the population in Lithuania is spread quite evenly, and the differences in population density are minor. Balanced regional politics have created a harmonious network between the largest cities – Vilnius, Kaunas, Klaipėda, Šiauliai, and Panevėžys. This offers more appealing business opportunities.
Powered by ingenuity, dedication, and a strong work ethic, manufacturing in Lithuania makes up a large portion of the economy. As with many western countries, services make up around 2/3 of the economy. This diversification provides the base for expanding exports, successful recovery, and further growth of the economy.
Lithuania has emerged as an attractive location for doing business. Since 2001, it has been a member of the WTO; since 2004, a member of the EU and NATO; and since 2007, it has enjoyed the advantages of the common Schengen area. Lithuania provides business-friendly infrastructure: the country is at the intersection of two EU-priority transport corridors, it has northernmost ice-free port in the eastern Baltic Sea, four international airports, seven free economic zones (two of which are fully operating and the rest are awaiting for the outcome of the international competition for the best business plan, zone statute and founding team), four industrial parks , and five science, studies and business valleys to be fully operational within a few years.
- FEZ companies invest in long term assets at least 1 million EUR
- For six reference periods FEZ companies are exempt from corporate income tax
- For the next ten reference periods, FEZ companies are entitled to 50% discount of Lithuania’s corporate income tax of 15 %
- No real estate tax
- No tax on dividends gained in the FEZ for foreign shareholders (Law on Corporate Income Tax of the Republic of Lithuania)