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
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1st globallyfor digital skills availabilitySource: IMD World Competitiveness Yearbook, IMD World Competitiveness Center, 2023
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12thfreest economy in the worldSource: Fraser Institute, 2023
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
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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:
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
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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
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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.