And Lithuania doesn't seem to stop climbing the ladder as one of the top Fintech-friendly destinations in Europe. 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. The corporate tax of Lithuania is only 15% and its overall tax burden is relatively smaller if compared with other EU nations. Lithuania's declared focus is on expanding renewable energy and regaining its energy independence, which was lost when the Ignalina nuclear power plant was shut down and decommissioned in 2009. 5 reasons to invest in Lithuania. Lithuania's laws ensure equal treatment of foreigners and domestic investors. Lithuania is a member of the Schengen area and the European Union. If there are proper regulations in place, this industry is capable of adapting to the changes. 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 EU based companies enjoy customs tax benefits, exposure to labor market and easier immigration. Invest Lithuania is a non-profit organization founded in 2010 and owned by the Ministry of Economy of the Republic of Lithuania. Explore pre-screened Business Investment Opportunities in Lithuania with verified contact details, valuation details and business photographs. (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. That means that they provide a wide range of different business models, products, and services. And here are the two main reasons for that: Most of the Fintechs prefer a partnership with a bank as a distribution channel. The agency serves as a point of contact for foreign companies and guides international … Apart from a few exceptions, nearly all sectors of the economy are freely accessible. And Lithuania doesn’t seem to be stopping in climbing the ladder as one of the top Fintech-friendly destinations in Europe. . Inside this prolific community, there is a constant exchange of insights, ideas, initiatives, and innovations. Since 2015, Lithuania is a member of the eurozone too. 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 This small country is surely becoming a serious competitor for the title of Europe’s Fintech capital. Lithuania is the prime transport centre in the region connecting the EU with the East. It offers investors a diversified economy, a skilled workforce, low corporate taxation, the best developed road network in the region and a … Some people close their business,... Why Lithuania is a Good Place to Invest in Fintech. 7 reasons to invest in Lithuania. Publisher ''Invest in Lithuania'' is the Journal of Economic Development. In that sense, the bank offers various regulatory programs that enable Fintech newcomers to set up their startups with some ease. Besides the pro-business investment climate, the tax policy of Lithuania is also a business-friendly tax policy. Why You Should Choose to Invest in Lithuania Strong Points Lithuania is ranked among the fastest growing economies in the European Union. In addition to this, Lithuania is ranked as having one of the highest qualities of life out of 190 countries across the globe. With an ecosystem that nurtures talent and supports growth, Lithuania is among top countries in the CEE region for innovation. The dilemma of what came first, the Fintech-oriented policies, or an active Fintech ecosystem, is easy to resolve in the case of Lithuania. Another reason to invest in Lithuania is that it is No. The Bank of Lithuania (the country’s central bank) is recognized as the second most progressive regulator in Europe (right after the UK). MABA Forest is a Swedish Capital company focused on forestry successfully operating in Lithuania since 1993. 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). Blessed with the unique nature with 22,000 rivers, about 3,000 lakes, a clean seaside and 4 UNESCO World Heritage masterpieces. Macedonia and Serbia topped the rankings this year. Created: 2013.10.03 / Updated: 2013.10.16 10:16. Lithuania is the EU’s prime transport centre where the EU has recognized it. Save. 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. Why Invest in Lithuania? Nordstreet is a crowdfunding platform. 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. A small percentage of Fintechs is not looking for any kind of partnership. Its modern infrastructure, highly educated labour force and a strategic geographical location have made it an attractive destination to locate manufacturing and production hub. New workforce loading: 2021’s fastest growing jobs, many of them are well-established and able to accumulate and rely on their own revenue. 3. We are responsible for helping our clients to invest in forest land in Lithuania, to determine the exact market value of the forest, to analyse the return on investment in the forest over a … Lithuania’s strategic location and its excellent infrastructure enable investors to gain easy access to surrounding markets. Invest Lithuania. Invest any amount from 100 €. INVEST IN LITHUANIA. Their recent post spoke length on the success of the fintech sector in the nation. Business in Lithuania. 7 reasons to invest in Lithuania: 1. Lithuania has already been promoting itself as a perfect entry-point to Europe for non-EU startups. Copyright © 2008 - 2020 CEOWORLD magazine. 86 talking about this. The application process itself can take up to half a year, but it is still easier and quicker than other European countries. Even though Europe is a primary target market, North America and Asia haven’t been left out. It was followed by the nation-wide cryptocurrency adoption. The movement of capital is now easier than ever due to the adoption of Euro in 2015. Forming a Business in Ireland: Setting Up, Incorporation, and Management, Starting Business In Ireland: Important Matters To Be Aware Of. For those who aspire to expand further and achieve global reach for its Fintech company, London is a place to be. 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. The mere possibility of the UK’s position on the global scene weakening could change the Fintech landscape within Europe. If you are tapping the EU markets, Lithuania is one of the investment hotspots that you can traipse into. When it comes to funding methods, more than half of Fintechs are revenue funded. As one of the European Union’s economic recovery leaders in 2010, Lithuania managed to weather through the global economic recession. It intend to become a "one step" comprehensive information system of Lithuania, on investment opportunities. This talent is also affordable, as average gross monthly wages are one eighth those of, say, Denmark. This process made the prospects of the country’s market uncertain and the full impact of the decision to leave the EU is still unclear. Lithuania's laws ensure equal treatment of foreigners and domestic investors. No special permit from government authorities is necessary in order to invest foreign capital in Lithuania. 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. It was just a matter of catching up with demand and provide the industry with a proper system. The government is granting many investment incentives to encourage more foreign investment in the country. Lithuania, one of the three Baltic countries, became an attractive destination for foreign business investors in the recent years. 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. Invest Lithuania EN. Journal is responsible for investment promotion, attraction and facilitation. With this rapid growth of the Fintech sector, a support network is forming around it. The investment incentives include tax benefits, investment guarantees and Bank Loan support, support for Research and Development Projects and structural funds. A new video has been released to showcase Lithuania to foreign investors. 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