Lithuanian Business Environment

Fast - tracking your business success

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

1st in the EU

for real GDP per capita growth 2000-2023

Source: Eurostat, 2000-2023
1st globally

for digital skills availability

Source: IMD World Competitiveness Yearbook, IMD World Competitiveness Center, 2024
12th

freest economy in the world

Source: Fraser Institute, 2023

Ease of Doing of Business

1-3 days to start a new business.

Source: Centre of Registers, 2024

4th place in the CEE for business regulation.

Source: Fraser Institute, 2024
Less red tape

3rd globally for Corporate Tax Competitiveness

Source: Tax Foundation, 2022

7th in the EU for digital public services for businesses

Source: The Digital Economy and Society Index, European Commission, 2024

committed to putting legislation in place
Western-minded and business-oriented

Part 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.

6th in the EU

for cross-border digital services

Source: The Digital Economy and Society Index, 2022
2nd globally

for Electronic security

Source: Digital Quality of Life, 2023

Currently, with a team of more than 500 highly qualified specialists, we see a prospect for more growth. This is particularly the case in Lithuania where the business environment and infrastructure is perfectly suited to allow us to focus on our clients’ needs.

Šarūnas Šuipis,
Executive Vice President and General Manager of Citco Vilnius

Strong credit ratings

An improving long term outlook from international rating agencies demonstrates market’s stability:

Fitch

A, with a stable outlook
Moody’s

A2, with a stable outlook
Standard & Poor’s

A, 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.

2nd in the EU

for Greenfield FDI performance

Source: fDi Intelligence, 2023
Ranked alongside Ireland and Denmark for its business environment, Lithuania can also guarantee a spectacular cost-to-quality ratio

Source: Eurostat, 2022 / Fraser Freedom of the World, 2023

Want to find out more?

Download our brochure on business in Lithuania

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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.