Lithuania offers tax exemptions to foreign companies, which go well with the country’s high-quality infrastructure and skilled workforce. It has an excellent transport infrastructure with one of the most developed road networks in the region, and seven Free Zones are in place. FDI is mainly into financial / insurance, manufacturing, real estate, wholesale / retail and IT services. Sweden remains the country’s main investor (concentrated in the energy sector), followed by the Netherlands, Estonia, Cyprus and Germany.
And Lithuania has been improving its processes: building permits are now facilitated, the tax payment system is electronic, and national legislation assures equal protection for both foreign and domestic investors – all of which contribute to its favourable Ease of Doing Business ranking (11/190).
However, the country is still dependent on its exports towards Russia, its domestic market is small, and income is generally lower than its neighbours, which may require adjustments to your prices.
AUXADI can become your ideal investment partner in Lithuania. We offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.