Business environment
Looking for a location to grow your business that has less red tape, is fast and convenient when it comes to making business happen, and can give you the kind of connectivity you need to succeed. Look no further than Lithuania.
Global recognition of business friendly environment
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1st in the EUfor real GDP per capita growth 2000-2020Source: Eurostat, 2020 -
1st globallyfor digital skills availabilitySource: IMD World Competitiveness Yearbook, IMD World Competitiveness Center, 2023 -
12thfreest economy in the worldSource: Fraser Institute, 2023
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Ease of Doing of Business1-3 days to start a new business.
Source: Centre of Registers, 2021
3rd place in the CEE for business regulation.
Source: Fraser Institute, 2023
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Less red tape3rd globally for Corporate Tax Competitiveness
Source: Tax Foundation, 2022
6th in the EU for digital public services for businesses
Source: The Digital Economy and Society Index, European Commission, 2022
committed to putting legislation in place
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Western-minded and business-orientedPart of EU and NATO since 2004
Part of the Eurozone since 2015
Part of OECD since 2018
Find out why Lithuania is the best choice for your business
Check our Business set up guide
Fast and convenient
EU-wide recognition of Lithuania’s acceleration in e-government solutions offers a one-stop-shop for public information and services for business, a fast online system for the registration and payment of taxes, allowing the taxpayers file all tax returns electronically. An IT-based tax administration system (“i.MAS”) contributes to an effective and modern tax administration in Lithuania which in addition to 50+ Bilateral double taxation avoidance treaties ensures that business environment is both convenient and cost-effective.
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6th in the EUfor cross-border digital servicesSource: The Digital Economy and Society Index, 2022 -
2nd globallyfor Electronic securitySource: Digital Quality of Life, 2023
Strong credit ratings
An improving long term outlook from international rating agencies demonstrates market’s stability:
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FitchA, with a stable outlook
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Moody’sA2, with a stable outlook
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Standard & Poor’sA+, with a stable outlook
FDI
Constant growth of incoming projects is key to ensure stable Lithuania’s economic growth. Yet the market still remains unsaturated and the potential is here to be explored.
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2nd in the EUfor Greenfield FDI performanceSource: fDi Intelligence, 2023 -
Ranked alongside Ireland and Denmark for its business environment, Lithuania can also guarantee a spectacular cost-to-quality ratioSource: Eurostat, 2022 / Fraser Freedom of the World, 2023
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See what else Lithuania has to offer
Want to know more?
Invest Lithuania partners with clients to help deliver a soft landing and years of further growth. We’ll take care of the details while you get on with your business. We provide all the information, connections and assistance you need – from site visits to hiring your first employee.
