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NOTICE: The Lithuanian Development Agency (LDA) has been restructured into two public organizations - "Invest Lithuania" and "Enterprise Lithuania". The Ministry of Economy of the Republic of Lithuania is the owner of the two new institutions.

Lithuania's investment profile

Major business partners:

  • Neighbouring countries: Russia (5.3% of FDI, 16.1% of exports and 30.1% of imports), Poland (5.9% of total FDI in 2008,  5.8% of exports and 10% of imports), Estonia (7.6% of FDI, 5.7% of exports), Latvia (6.2% of total FDI , 11.6% of exports and 5.2% of imports)
  • Scandinavian countries: Sweden (16.8% of FDI), Denmark (8.7% of FDI), Finland (5.6% of FDI)
  • EU-27 countries represent about 60.3% of Lithuanian foreign trade flows and more than 81.2% of FDI in Lithuania

Investment and bilateral trade drivers:

  • Crossroads of Central and Western Europe, Scandinavian and Baltic as well as CIS markets
  • Political stability and economic freedom
  • Well-developed EU prime transport centre (two international corridors, ice-free seaport, international airports and railways)
  • Diverse energy capacities
  • Strong knowledge economy platform, innovative businesses
  • One of the EU’s most educated and multilingual people
  • Competitive business set-up and operation costs
  • EU Structural Funds’ and State’s support
  • Largest and most diversified industry in North-eastern Europe

Attractive business sectors:

  • Shared services and business process outsourcing (BPO) – well-educated multilingual labour pool
  • ICT – modern knowledge economy; companies leading among the Baltic States
  • Lasers – globally acknowledged production and inventions
  • Biotech – production does not have equivalents in Central and Eastern Europe
  • Plastics – with three huge plants leading in the region
  • Metal processing, machinery and electric equipment – widely-acknowledged high-tech products
  • Furniture & wood processing – among the most important suppliers for IKEA
  • Textile & clothing – one of the most specialised EU countries in the textile and clothing sector
  • Food – internationally acknowledged and in-demand production
  • Real estate – the largest market among the Baltic States with great development potential
  • Tourism – untouched ecological countryside, well developed rural tourism network, high demand for entertainment services; forthcoming Lithuanian events of international importance

 Taxes:

  • Corporate profit tax – 20%
  • Personal income tax – 15% (+ 6% health insurance contribution)
  • Value added tax – 21%
  • Property tax – 1%
  • Social security tax for employer - 31% (+ employee's contribution of 3%)

Human resources:

  • ~ 40% of the labour force with higher education
  • Every third Lithuanian speaks English, and eight Lithuanians out of 10 speak Russian
  • Average monthly gross salary – EUR 672

Property rental rates, EUR / m2 per month:

  • New warehouses – EUR 4 to 6
  •  A-class office space – EUR 10 to 17
  • B-class office space – EUR 6 to13
  • High-street retail space – EUR 20 to 55
  • Retail space in shopping centres – EUR 10 to 30

Business set up costs and time:

  • up to EUR 600
  • up to 26 days 

 

Utilities for companies

Measurement

Average rates, EUR

Electricity

1 kWh

0.09 - 0.11

Natural gas

1 m3

0.45 - 0.61

Cold drinking water

1 m3

1.17 – 2.06

Cold water for technical purposes

1 m3

1.17 – 2.06

Hot water

1 m3

4.34 - 8.80


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