Investment-ready Locations
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.
There are two free economic zones in Lithuania. One is in the second largest Lithuanian city Kaunas, and the other is in the third largest city of Klaipėda. Prepared industrial sites are available for investors, with physical and/or legal infrastructure, as well as support services. In the free economic zones, there is no property tax, and no tax on dividends for foreign investors. There is also no profit tax during the first six years, and during the next ten years, companies have to pay only 50% of corporate profit tax.
A total of four industrial parks have been set up in Lithuania, half of which are fully-prepared for business use, and have all the necessary infrastructure. An investor’s requirements are of primary importance, so land in these industrial parks may be subdivided into smaller parts, and leased for long-term periods, at favorable prices. What makes these industrial parks even more attractive is that infrastructure is brought to the investor’s plot free of charge.
Traditional industries are targeted for the two free economic zones and four industrial parks, and the five valleys are targeted for high-tech companies.
