Advantages of doing business in Lithuania

• Large developed market with over 500 million inhabitants;

• Opened European market that operates on the principle of free movement of goods, services, people and capital, that automatically eliminates issues about customs regulations, quotas, tariffs and fees in the European Union;

• Stable legislation that allows your activities planning;

• Eligible fixed tax rates in Lithuania on individuals income and entities that allow to make great profit from doing business (for instance, income tax for companies is 15%, and if the company employs less than 10 employees and annual turnover amounts less than 1 million Litas, you can enjoy preferential tax, which is only 5% of the profit);

• Legitimate ways to reduce tax payments;

• The benefits of harmonization of indirect taxation in the European Union, which allows you to choose the country, where you will pay Value Added Tax (VAT);

• Lithuania is one of the leading countries in reducing corruption both on the highest levels of authority and on the administrative level, that naturally decreases the costs for doing business (absence of ” bribes “, ” kickbacks “, etc.)

• Availability of free economic zones in Klaipeda and Kaunas;

• Ability to get a bank credit on considerate conditions (from 11%);

• Possibilities to get support from the European Union for the development of your business in Lithuania.