Advantages of business in Lithuania
Good business environment
Lithuania has a transparent legal system and the process of company formation and registration is simple and effortless. You can quickly and even remotely register or acquire a company without spending a lot of time and money. In addition, many people in Lithuania speak fluent English, Russian and Polish, which eliminates the language barrier.
Low tax rates
Lithuania offers favourable tax conditions for business. For example, the income tax rate varies from 0% to 15%, which makes the country attractive in terms of taxation compared to other European countries. VAT in Lithuania is 21% and income tax is 15%.
Strategic geographic location
Lithuania is located at an important trade crossroads between Eastern and Western Europe, which provides businesses with convenient access to the broad EU market and the Baltic States. This favourable location opens up opportunities for expansion and international trade.
Qualified personnel
Lithuania has a highly skilled labour force with a good level of education. Access to technical and professional knowledge allows businesses to easily find experienced specialists. In addition, part of the labour force is made up of foreign nationals who have obtained work permits and visas.
Innovative economy
Lithuania actively promotes the development of innovative technologies and supports start-ups. The country implements various programmes and provides tax incentives for investments in scientific research, development of new technologies and growth of high-tech industries.
Access to financial resources
Lithuania offers opportunities for obtaining various financial resources for business. A variety of investment funds, state support and subsidy programmes, as well as convenient access to banking services both in Lithuania and Poland are available here.
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