Foreign companies looking for the locations and establishing opportunities for the international business expansion pay attention to geographical proximity, convenient logistics and infrastructure, qualified labor, competitive operating costs, opportunity to use partner country as a springboard for further growth in the region and neighboring countries.
Therefore a number of Swedish companies have already benefited in doing business in Lithuania where Sweden is No 1 foreign investor and one of major trading partner.
Furthermore the cooperation between countries is based on win-win approach. Partner search, relocation, joint trade activities, participation at trade fairs brought mutual benefit with success stories in both countries.
The immense business development power on the Lithuanian market enables a foreign business, which enters Lithuania, to experience unique features such as:
Benefit from springboard position, excellent infrastructure and communications network
Two EU-importance transport corridors as well as best regional highways and roads run through Lithuania. The ice-free seaport of Klaipeda has the widest shipping line network compared with neighboring ports and connects goods flows between Nordic Europe and Eastern countries such as Russia, Belarus, Ukraine and further to the East.
EU membership since 2004, political, economical and financial stability, legal security, high standards of communication are essential prerequisites to maintain business establishment and growth
Get highest operational quality at a competitive costEvery third Lithuanian speaks English, and eight Lithuanians out of 10 speak Russian, and Polish is much more widespread in Lithuania than in all the other EU countries.
The same technological solutions can be offered by other Western European countries, but the advantages of Lithuanian companies are production prices and flexibility.
Use the knowledge economy and innovation potentialIndustrial engineering and other traditional sectors along with ICT programming, high quality medical and rehabilitation services, biotechnology are sectors based on talents and creativity which have further potential to grow.
Take advantage of EU Structural Funds and state support
SME as well as larger companies established in Lithuania may apply for the non-refundable EU support for innovation-oriented activities and staff training as well as for state support for R&D projects.
Tax relieves (no corporate tax, no real estate tax and no tax on dividends) are available for businesses in fully developed free economic zones in Klaipeda and Kaunas as well as are also offered by municipalities.
Benefit from the business support assistance The commercial attaché of Lithuania in Stockholm and Lithuanian Development Agency (LDA) are always ready to assist Swedish and other foreign companies interested in the Lithuanian market, continually providing them with comprehensive information regarding the business environment in Lithuania, partner search, requirements of legal acts, arranging visits and meetings with state institutions, local authorities as well as potential business partners.
Contact commercial attaché and visit
www.litemb.se to explore your knowledge about establising business in Lithuania.