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
-
1st in the EUfor real GDP per capita growth 2000-2020Source: Eurostat, 2020 -
5th globallyfor digital skills availabilitySource: IMD World Competitiveness Yearbook, IMD World Competitiveness Center, 2021 -
11thfreest economy in the worldSource: Fraser Institute, 2020
-
Ease of Doing of Business1-3 days to start a new business.
Source: Centre of Registers, 2021
3rd place in the CEE for business set up procedures.
Source: Economic Freedom of the World, 2021
-
Less red tape6th in the EU for ease of paying taxes
Source: PwC Paying Taxes 2020
8th in the EU for digital public services for businesses
Source: The Digital Economy and Society Index, European Commission, 2020
committed to putting legislation in place
-
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.
-
6th in the EUfor e-governmentSource: Digital Economy and Society Index, 2020 -
1st in the CEEfor digital quality of lifeSource: Surfshark, 2021
Strong credit ratings
An improving long term outlook from international rating agencies demonstrates market’s stability:
-
FitchA, with a stable outlook
-
Moody’sA2, with a stable outlook
-
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.
-
Top 3 in Europefor attracting FDI jobs per capita across all sectorsSource: IBM Global Location Trends, IBM-Plant Location International, 2020 -
Ranked alongside Ireland and Denmark for its business environment, Lithuania can also guarantee a spectacular cost-to-quality ratioSource: Source: Eurostat, 2020 / Fraser Institute, 2021
Want to find out more?
Download our brochure on business in Lithuania
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.
