Lithuania. Untapped potential for automotive industry

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Automotive production in Lithuania is currently enjoying the most favourable conditions for growth. The country’s rich traditions in engineering have been strengthened by the recent arrival of major industry players like Hella and Continental. Yet the market remains far from saturated, which means an abundance of engineering talent, highly competitive costs, and rapid scaling. Establish automotive operations in Lithuania that deliver today, and are ready for tomorrow.

They have chosen Lithuania

All success stories

Reasons to choose Lithuania

1. Entrepreneurial talent ready to drive your business

Lithuanian talents are not just problem solvers, they drive solutions with their innovative thinking. Highly qualified, multi-lingual, and with a strong work ethic , our engineering specialists are ready to handle any automotive challenge.

Employee Engagement

75%

of  manufacturers rate employee engagement as “Excellent”*

Employee Eability To Learn

76%

of manufacturers rate employee dedication and ability to learn as “Outstanding“*

84% of young professionals speak English

85%

of young professionals are fluent in English

55.2%

of the population aged 25-34 has a higher education (2nd in EU)

2. Unsaturated market for easy hiring and scaling

While enjoying continuous growth, Lithuania’s manufacturing sector remains one of the least saturated in the CEE region. And this is the case in all regions of Lithuania, especially those located further from the capital. These regions combine long-standing industrial traditions with remarkably low saturation levels.

3. Business-friendly environment for rapid set up

From establishing a company through to starting operations, you’ll get things done faster in Lithuania. Key processes like company set up and issuing construction permits are rapid and hassle-free, giving you more time to focus on growing your business.

Dealing with construction permits

Dealing With Construction Permits

4. Competitive quality at competitive costs

The World Bank ranks Lithuania ahead of countries like Germany and Ireland for its business environment, yet salaries for skilled employees remain very competitive. This makes Lithuania a European leader for quality to cost ratio.

 

Average hourly labour costs / Doing Business ranking

Average Hourly Labour Costs Doing Business Ranking 19

5. Incentives and support to foster your sustainable operations

In Lithuania, we want to help you grow your business and get the support that you need to sustain your growth. With generous support, including no corporate, dividend or real estate tax for 10 years, you’ll be able to focus your resources on the future.

 

Tax incentives available in Free Economic Zones:

ax Incentives In Free Economic Zones In Lithuania

Tax Incentives In Free Economic Zones In Lithuania

Learn more about tax incentives available at Free Economic Zones in Lithuania

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Have questions? Contact our team

Edgaras Vainauskas
Senior Investment Advisor | Manufacturing
Hi, my name is Edgaras Vainauskas. I’m a Senior Investment Advisor for Manufacturing. If you have any questions, just let me know.
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