why invest in lithuania

And Lithuania doesn’t seem to be stopping in climbing the ladder as one of the top Fintech-friendly destinations in Europe. 3. In that sense, the bank offers various regulatory programs that enable Fintech newcomers to set up their startups with some ease. Two characteristics that can accurately describe Lithuania’s Fintech sector are dynamism and diversity. Somewhere around the year 2017, a few successful crowdfunding projects awaken the community’s interest in digital finances. Besides the pro-business investment climate, the tax policy of Lithuania is also a business-friendly tax policy. Among many others, sectors like the Information and Communication Technology (ICT), Biotech, Metal Processing, Machinery and Electrical Equipment, Plastics, Furniture, Wood Processing, and paper industry, Textile and Clothing, are the key investment areas that foreign investors can tap into. Its modern infrastructure, highly educated labour force and a strategic geographical location have made it an attractive destination to locate manufacturing and production hub. Fifth Avenue, New York, NY, 10001, United States. Spanning over 65,300 square kilometres (62,680 square kilometres of land and 2,620 square kilometres of water), Lithuania is the 124th largest nation in the world. We offer every possible way to invest in Lithuania (Capital Vilnius, Cities: Kaunas, Klaipėda, Å iauliai, Panevėžys & others). It would appear that a lot of sectors of Fintech industries have been affected positively by the epidemic. The mere possibility of the UK’s position on the global scene weakening could change the Fintech landscape within Europe. Key sectors The main sectors LIAA focuses on are woodworking, metalworking and mechanical engineering, transport and storage, information technology, green technology, health care, life sciences, and food processing. In addition to this, Lithuania is ranked as having one of the highest qualities of life out of 190 countries across the globe. With this rapid growth of the Fintech sector, a support network is forming around it. So even though London is still in the lead, Lithuania is quickly catching up with its many benefits. In difficult times, a simple human response from your company’s leaders can go a long way. Why buy land and property in Lithuania? Invest in Lithuania Lithuania, also officially known as the Republic of Lithuania is the southernmost of the three Baltic States and is a country in Northern Europe. Here Are Different Ways To Register A Company In France, Member News with 3E Accounting International, Members Success Stories with 3E Accounting International, 3E Accounting International Press Release, Partnership Criteria in 3E Accounting International, Become A Partner with 3E Accounting International, Achieved growth among the highest in the European Union (3.5% in 2017), State-of-art transport infrastructure (with one of the most developed road networks in the region), Sound international relations (Lithuania is the member of the European Union since 2004 and NATO). This talent is also affordable, as average gross monthly wages are one eighth those of, say, Denmark. Invest in Lithuania Lithuania, also officially known as the Republic of Lithuania is the southernmost of the three Baltic States and is a country in Northern Europe. A part of Europe; Travelling to and from Lithuania is easy, since the country is a part of the European Union and the EU’s Schengen area. Lithuania was ranked at 16th place in the World Bank’s Doing Business 2018 report – strong evidence that Lithuania is an investor-friendly business environment that welcomes foreign investors. It is demonstrating steady economic growth over the years. The Lithuanian government has set up an agency to help and assist foreign investors. As one of the European Union’s economic recovery leaders in 2010, Lithuania managed to weather through the global economic recession. 7 reasons to invest in Lithuania: 1. Its official agency for Business Development and Foreign Direct Investment, Invest Lithuania, is working its part on easing the transition for many companies into Lithuania and helping them start properly. Publisher ''Invest in Lithuania'' is the Journal of Economic Development. Forming a Business in Ireland: Setting Up, Incorporation, and Management, Starting Business In Ireland: Important Matters To Be Aware Of. Some of them are interested in a partnership with a bank as a customer, or in order to receive fundings. The current economic climate although troublesome (to say the least) in a larger scheme of things, provided Fintech with some opportunities to grow, evolve, and continue to make (and increase) profit. Invest Lithuania. Their recent post spoke length on the success of the fintech sector in the nation. A consistent stream of foreign trade and exports supports stable growth in Lithuania; With an estimated GDP of 3% by the end of year, Lithuania is set to be within the top 3 fastest growing countries in the EU Four Things Every Organization Must Do to Ensure the Sustainability of their Workplace, Best Countries To Invest In Or Do Business, 2020, The Human Side of Work: How leaders can support employees through Inauguration Day and beyond, The four pillars needed to build a culture of value and success, Note to CEOS for 2021: Make Learning Cool Again, How to satisfy employers’ needs and what they usually look for, The Rise of the Anti-Expert: 5 Tips for Success in a Culture of Collaboration, The High Cost of Constitutional Compromises, Eight leadership insights for Joe Biden in a post-COVID world, Best Uplifting Documentaries That Are Well Worth Your Time, The two things the world’s greatest teachers will be doing in January to turn the whole year around (that most CEO’s won’t). The Lithuanian government also provides special incentives to investors who invest in high value-added products and high-technology sectors. start new business or expand your successful business in Lithuania, Baltic states or European Union countries. In addition to running the company’s website, CEOWORLD magazine, which aims to help CEOs, CFOs, CIOs, and other C-level executives get smarter about how they earn, save and spend their money, she also sits on the Board of Directors of the Global Business Policy Institute. 7 reasons to invest in Lithuania. Invest in Latvia Everything one needs to know when investing in Latvia. No special permit from government authorities is necessary in order to invest foreign capital in Lithuania. You can opt-out if you want to. Lithuania is the prime transport centre in the region connecting the EU with the East. And here are the two main reasons for that: Most of the Fintechs prefer a partnership with a bank as a distribution channel. Regardless of the risks, the Lithuanian government saw great potential in Fintech industries. New workforce loading: 2021’s fastest growing jobs, many of them are well-established and able to accumulate and rely on their own revenue. A strong interest in cryptocurrency-related startups came first! Macedonia and Serbia topped the rankings this year. Save. Lithuania is a member of the Schengen area and the European Union. Lithuania is a country located on the continent of Europe. A small percentage of Fintechs is not looking for any kind of partnership. The video was developed in collaboration with current investors and it presents the country as it is perceived through their eyes. For those who aspire to expand further and achieve global reach for its Fintech company, London is a place to be. Pursuing investment: shrinking production in Germany brought new opportunities for Lithuania. Since 2015, Lithuania is a member of the eurozone too. Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. And Lithuania doesn’t seem to be stopping in climbing the ladder as one of the top Fintech-friendly destinations in Europe. Setting up a Fintech company in Lithuania is more budget-friendly and less complicated, with the Lithuanian government offering additional support in a form of a robust communications technology infrastructure. The dilemma of what came first, the Fintech-oriented policies, or an active Fintech ecosystem, is easy to resolve in the case of Lithuania. This small country is surely becoming a serious competitor for the title of Europe’s Fintech capital. Wednesday, 15 January, 2020. Why Invest in Lithuania? Lithuania has already been promoting itself as a perfect entry-point to Europe for non-EU startups. 2. In the race between the UK and Lithuania for a top Fintech destination, one specific factor gives Lithuania a leg up – lower costs of setting up a business. Invest Lithuania EN. All investments will be granted. Blessed with the unique nature with 22,000 rivers, about 3,000 lakes, a clean seaside and 4 UNESCO World Heritage masterpieces. The agency serves as a point of contact for foreign companies and guides international … 86 talking about this. With all the benefits such as government support, advanced regulations, infrastructure that promotes innovations, lower startup costs, it is still a great place to invest in Fintech industries. Lithuania is leading the region according to the report, with Estonia ranked 12th and Latvia 17th, whilst Poland failed to make the top 20. It was followed by the nation-wide cryptocurrency adoption. Created: 2013.10.03 / Updated: 2013.10.16 10:16. The government is granting many investment incentives to encourage more foreign investment in the country. Lithuania’s strategic location and its excellent infrastructure enable investors to gain easy access to surrounding markets. Copyright © 2008 - 2020 CEOWORLD magazine. With an ecosystem that nurtures talent and supports growth, Lithuania is among top countries in the CEE region for innovation. CEOWORLD magazine > The Latest > C-Suite Advisory > Why Lithuania is a Good Place to Invest in Fintech. The general interest in digitalization and various online services turned into a necessity, which proved as a favorable environment for further development of Fintech companies. With all the benefits such as government support, advanced regulations, infrastructure that promotes innovations, lower startup costs, it is still a great place to invest in Fintech industries. Invest Lithuania provides free advice and introductions to on the ground experts to global companies interested in doing business in Lithuania. Basically, that means that it provides excellent and supportive conditions for the cultivation of an innovative and competitive environment in which the Fintech companies can thrive. 1 in the EU for per capita gross domestic product growth in 2016, found the Heritage Foundation. If you are tapping the EU markets, Lithuania is one of the investment hotspots that you can traipse into. Even though Europe is a primary target market, North America and Asia haven’t been left out. According to Invest Lithuania, there are currently 26,000 residents employed in the ICT industry, with an additional 1,600 future experts graduating every year. Lithuanians are justly proud of their independence since the dissolution of the Soviet Union. Latvia in Facts The advantages of Latvia based on facts and data. Another reason to invest in Lithuania is that it is No. One thing worth mentioning about Lithuania is that it is a country with the capital city breathing Europe’s cleanest air and it has been recognized greenest among the new EU-members. The movement of capital is now easier than ever due to the adoption of Euro in 2015. By looking more closely into Lithuania’s Fintech sector, some interesting information and statistics are revealed. The Brexit deal could be a crucial factor that could potentially change the European Fintech scene. Lithuania's laws ensure equal treatment of foreigners and domestic investors. Lithuania is the EU’s prime transport centre where the EU has recognized it. Full service consulting and creative company. The application process itself can take up to half a year, but it is still easier and quicker than other European countries. It was established in 2009. Home to a population of 3.28 million, Lithuania has lots to offer as an investment destination. It is surrounded by Belarus to Southeast, Poland to the Southwest and Latvia to north. The country’s advanced regulations are one of the most important factors in creating the right kind of favorable environment for the development of Fintech companies. But, without adequate regulations and policies, this practice accentuated and aggravated the risks usually associated with Fintech. 3E accounting can guide you to start a business in Lithuania, contact us now. The Fintech sector in Lithuania has doubled in size in the time span of just two years (from 2016-2018), and it is continuing to grow while keeping track of the latest Fintech trends and innovations. It intend to become a "one step" comprehensive information system of Lithuania, on investment opportunities. Lithuania's laws ensure equal treatment of foreigners and domestic investors. Lithuania’s strategic location and its excellent infrastructure enable investors to gain easy access to surrounding markets. (adsbygoogle = window.adsbygoogle || []).push({}); In the past few years, Lithuania has been focusing on one particular industry and is currently approaching the UK’s reputation with it’s rapidly growing numbers of Fintech startups. Lithuania is the EU’s prime transport centre where the EU has recognized it. Lithuania is also ranked 10th for the added value created by new jobs from investment projects, a category which takes into account factors such as knowledge and skills transfer. By introducing a new market premium model, Lithuania has recognized that the development of renewable energies needs a new boost. The Bank of Lithuania (the country’s central bank) is recognized as the second most progressive regulator in Europe (right after the UK). Lithuania, one of the three Baltic countries, became an attractive destination for foreign business investors in the recent years. Business in Lithuania. Apart from a few exceptions, nearly all sectors of the economy are freely accessible. It gained its independence in 1918. When it comes to funding methods, more than half of Fintechs are revenue funded. Most Educated Talent Pool in the EU Availability of Multilingual Employees World Class ICT Infrastructure Home to World Leaders in IT Easy Access to both Eastern and Western Markets Cost-Effective Business Development Location Business-Friendly Environment Special Territories for Business Development Utility looks to invest in renewables as region pursues energy independence from Russia . Lifestyle From the buzz of the city to the refreshing calm of the countryside, Lithuania gives you the lifestyle balance you deserve. It is after gaining its sovereignty from Russia. 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