Why You Should Choose to Invest in Lithuania

by asadkhan122002 Thu Mar 26, 2015 5:07 pm

Strong Points :-

Lithuania is ranked among the fastest growing economies in the European Union. It offers investors a diversified economy, a skilled workforce, low corporate taxation, the best developed road network in the region and a stable and democratic political system. The country is a member of the European Union and at the same time it is close to the eastern European countries. Lithuanian legislation offers equal protection for both foreign and domestic investments.
Lithuania is going to benefit from significant European Union assistance over the period of 2007-2013, which means the country is going to be able to invest in infrastructures and business opportunities will be available to local and foreign investors.

Government Measures to Motivate or Restrict FDI :-

Lithuania's laws ensure equal treatment between foreigners and domestic investors. No special permit from government authorities is necessary in order to invest foreign capital in Lithuania. Apart from a few exceptions, nearly all sectors of the economy are freely accessible. To encourage investment, the government has also created free economic zones with tax benefits and one-stop-shop services.

Procedures Relative to Foreign Investment :-

Freedom of Establishment:

Freedom of establishment is guaranteed. Foreign entities are allowed to establish branches or representatives offices ; there are no limits on foreign ownership or control.

Acquisition of Holdings:
A majority holding interest in the capital of a local company is legal in Lithuania.

Obligation to Declare:
There are no particular regulations or obligations to declare for foreign investment. However, there are some areas of the economy where investment is limited (investment in sectors related to the security and defense of the State, licensing is necessary for activities related to human life, health and which are potentially risky, non-Lithuanians are generally not able to buy agricultural or forestry land).

Requests For Specific Authorizations:
Licensing is necessary for activities related to human life and health.