The complete quide for business in Lithuania
Business and Investment Climate
Government Ministries
A Practical Guide for Foreign Investor in Lithuania.
Contains complete information about investment opportunity in Lithuania.
All you need to know about investment in Lithuania: law acts, detailed
taxation overview,business strategy, etc.
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Strategic Location Bridging the EU And the CIS
Lithuania is strategically located in the gateway between the EU and the CIS. Being on a sea and land route, Lithuania is serving as an arterial road between the East and the West, the North and the South. At present, the port of Klaipeda handles cargoes that go to and come from Russia, Kazakhstan at one end and Germany, the Netherlands, the U.S., and then South America and Asia at the other end.
Availability Of Well-Trained, Low-Cost Labour Force
The yearly number of university graduates per 1000 inhabitants is one of the highest in the region. The cost of labour is among the lowest. The average monthly wage in the manufacturing sector in Lithuania is under US$ 300, one tenth that of industrialised countries, including those in the EU. It is also 20% - 50% lower than that in CEE.
Low Operating And Living Costs
Utilities, rent, building, overhead, service and living costs are among the lowest in Central and Eastern Europe. Thus, Lithuania has significant cost advantages while offering geographical proximity to the EU and Eastern markets.
Well-developed Transportation Networks
The EU'sTransport Commission designated Lithuania as the region's transport hub, with 2 out of the 10 priority corridors in Europe intersecting in Lithuania. A network of European-standard 4-lane highways links major industrial centres. Lithuania has a well-developed transportation system. Road construction is underway for connecting with the Trans-European transportation network. It will be part of the transportation system around the Baltic Sea and a transportation axis linking Russia and the Baltic Sea. The country offers 4 international airports and an ice-free port on the Eastern Baltic.
Free Economic Zones And Industrial Parks
Lithuania's Free Economic Zones and Industrial Parks boast excellent infrastructure and transshipment facilities, highly qualified labour forces and offer investors extremely attractive incentives. There is also plenty of industrial land with direct access to ports, railroads and highways available.
World-Standard Export Production
Most foreign businesses invest in Lithuania for export production purposes. Many local producers have already achieved ISO 9000 status. Lithuanian exports to Western markets in 2000 were over US$ 3,2 billion and growing.
Multinational Investor Satisfaction
Siemens, Telia, Philips, Motorola, Mars/Masterfoods, Sonera, Kraft Food International, Festo, Lancaster Steel, Partec, Kemira, Philip Morris, Danisco, SEB, Carlsberg, Cargill and Marzotto are among the multinationals that have chosen to locate production facilities in Lithuania.
Strong FDI Growth
Foreign investment in Lithuania has been increasing fastest in Central and Eastern Europe for two years running, with its cummulative total doubling in 1997 and reaching US$ 2,7 billion in 2000. Attractive "greenfield" and privatisation projects in infrastructure, transport and energy.
A Rapid Growth Of E-Business
Lithuania has adopted the Law on Electronic Signature at the same time as the USA. Government policy helps to boost e-commerce and a digital "business-to-business". environment.
Social And Political Stability
With a strong, pro-business government, excellent external relations and harmonious minority relations internally, Lithuania is an oasis of political and ethnic stability in the region. It has a stable currency, strong banking sector, and offers unrestricted movement of capital and dividends.