There are 2 free economic zones in Lithuania: in Kaunas (area – 534 hectares) and Klaipeda (area – 412 hectares). If a company wants to conduct business in this zone with preferential tax treatment, its investment should be more than EUR 1 million (assets plus turnover).
Advantages of FEZ in Lithuania:
- good geographical position of zones:
– the location at the crossroads between east and west, north and south;
– well-developed infrastructure of Lithuania (good roads, well-developed rail connection, direct flights to many European countries, access to the sea through the large ice-free port in Klaipeda);
– the proximity of the FEZ in Klaipeda to the port, and FEZ in Kaunas – to the airport;
- loyal tax policy of free economic zones:
– exemption from income tax for the first six years of the company‘s activity. Over the next 10 years of operation the companies pay only 50% of income taxes;
– exemption from tax on dividends;
– exemption from real estate tax;
- highly qualified specialists in Lithuania, knowledge of many languages (English, Russian, French, German, Polish, etc.)
Free economic zone in Klaipeda