Why Lithuania?

Lithuania is a business friendly country not only for young entrepreneurs and skilled professionals but is also trusted by such high caliber companies. This country, full of young people, ambition, energy, skill, and talent, equipped with Europe’s fastest internet connection and rapidly growing startup ecosystem.

Lithuania is a good spot to start a business

in the Ease of Doing Business

Doing Business Report, 2020 by World Bank

in macroeconomic stability

World Competitiveness Report, 2019 by World Economic Forum

globally in terms of access to public Wi-Fi

Ooma.com, 2020

in the EU for pay and productivity ratio

Europe 2020 Index, 2020

by digital / technological skills availability

World Competitiveness Yearbook, 2020 by IMD

in the EU for 4G LTE coverage

OpenSignal, 2018

in terms of registering property

Doing Business Report, 2020 by World Bank

globally for contract enforcement

Doing Business Report,
2020

Lithuania has jumped eleven places since 2013 for the ease of starting a business to 8th place globally in the World Bank’s Doing Business Report. Our government understands the benefits of investment and is more than ready to provide you with the support you need, and our modern dynamic business sector is fully EU compatible. What’s more, with tax treaties with 50 major markets including China, Russia, and the USA, our business environment is truly global in its reach.

Some of Lithuania’s strengths

Young and talented labour force

Multilingual labour force

Business-friendly environment

Competitive tax system

Wold-class infrastructure

Booming digital economy

Progress in innovation

Good work-life balance

Lithuanian companies are open to collaborate in various sectors. We invite you to check what Lithuanian companies are ready to offer and co-create together.

Lithuania is a rapidly growing hub for information and communication technologies (ICT). It is a center of excellence in IT solutions, software development, fintech, and worldwide renowned startups.

The Lithuanian Life Sciences Sector shows strong traditions, consistent investments in infrastructure, has a rapidly growing number of startups that are noticed internationally. This sector has a pool of talented and highly qualified specialists.

The food sector produces a major share of the total value created by Lithuanian producers. The most developed food processing subsectors are milk, meat, and grain processing.

Lithuanian furniture, wood processing have long-standing traditions in producing high-quality products. The industry is well-developed – modern production facilities are utilized and the workforce is highly skilled. Lithuanian companies produce a wide range of furniture and the majority of production is exported.

Lithuania is emerging fast as a key electronics manufacturing hub in the Baltic region. Laser technology is a key industry for Lithuania, allowing the country to make its mark internationally

The Lithuanian engineering industry is the country’s largest processing production sector, generating 4% of Lithuania’s total value-added. The industry consists of over 1.500 companies, employing 39700 specialists.

In recent years, the development of alternative energy in Lithuania has been rapidly accelerating. The country’s government is focused on promoting the growth of the renewable (hydro, wind, biomass, and solar) energy sector, with the ambitious goal of reaching a 23% RES share by 2020.

Lithuania’s textile and clothing industry, maintaining its centuries-old traditions, today is actively investing in creating unique brands and contemporary design, in an effort to develop products with higher added value.

Chemicals and plastics, the two closely related sectors, stand out as some of the best-established industrial activities in Lithuania. The production of main chemicals, fertilizers, and primary forms of plastics account for over 80 percent of the country’s chemical industry turnover.