Our choice of Lithuania follows a thorough examination of the needs of every start-up company, particularly in the FinTech field: a clear and rational regulatory environment, political stability and confidence in the system, and most importantly, the decision to turn this country into a FinTech superpower a decision that, unlike in many other countries, is worth much more than the paper it is written on.
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.
Less red tape
Lithuania is committed to providing the best conditions possible to get your business up and running. That’s why we have the one of the shortest turnaround times in the world for company registration and start up. We’re also committed to making sure that we put in place legislation that is not just business friendly, but business building. Just look at how the Bank of Lithuania has streamlined IBAN and SEPA processes to help the Fintech industry thrive.
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.
Currently, with a team of more than 300 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.