Well-developed information technologies

Lithuania’s Internet data transfer rate is the fastest in the EU. Lithuania is an ideal location for international business due to the best accessibility in the EU to fiber-to-the-home (FTTH) technology. In 2016, Lithuania was ranked first in World Competitiveness Yearbook for IT conditions for business, and was the first in the EU for the lowest price for the broadband services (Digital Agenda, 2015).         

 

Logistically convenient country

Lithuania stands out not only for its internet connections. We are at the heart of Europe, so every European capital is within less than 3 hours flight. International airports in Vilnius and Kaunas offer regular direct and connecting flights on all the main business routes. For those foreign investors whose business is related to production and logistics Lithuania can offer 750 million of potential customers within 1 to 4 days reach.

 

Quality and effectiveness

One of the strategic objectives is to attract investment, therefore, the Lithuanian government supports the investors in establishing themselves and starting a business. Various tax exemptions make the first steps easier in the new market, and one of the four lowest corporate tax rates across the EU ensures a stable development and creation of new jobs.

The steadily increasing productivity (on the basis of this indicator, we ranked 2nd in the EU between 2005–2013) builds the investors' confidence in Lithuanians and their abilities to reach their goals.