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. We offer every possible way to invest in Lithuania (Capital Vilnius, Cities: Kaunas, Klaipėda, Å iauliai, Panevėžys & others). 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. Lithuania is leading the region according to the report, with Estonia ranked 12th and Latvia 17th, whilst Poland failed to make the top 20. A strong interest in cryptocurrency-related startups came first! The corporate tax of Lithuania is only 15% and its overall tax burden is relatively smaller if compared with other EU nations. Utility looks to invest in renewables as region pursues energy independence from Russia . Why Invest in Lithuania? Lithuania, one of the three Baltic countries, became an attractive destination for foreign business investors in the recent years. Apart from a few exceptions, nearly all sectors of the economy are freely accessible. Invest Lithuania provides free advice and introductions to on the ground experts to global companies interested in doing business in Lithuania. Lithuania – one of the fastest developing countries in the European Union. 3. In addition to this, Lithuania is ranked as having one of the highest qualities of life out of 190 countries across the globe. 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. 2. It was followed by the nation-wide cryptocurrency adoption. MABA Forest is a Swedish Capital company focused on forestry successfully operating in Lithuania since 1993. The Lithuanian government also provides special incentives to investors who invest in high value-added products and high-technology sectors. Their recent post spoke length on the success of the fintech sector in the nation. It is demonstrating steady economic growth over the years. It gained its independence in 1918. Lithuania provides loads of investment opportunities to global investors. No special permit from government authorities is necessary in order to invest foreign capital in Lithuania. This website uses cookies. It would appear that a lot of sectors of Fintech industries have been affected positively by the epidemic. For those who aspire to expand further and achieve global reach for its Fintech company, London is a place to be. With cheaper startups and unrestricted access to the entire European market, it could shift the focus of the investors away from the UK. Lithuania’s strategic location and its excellent infrastructure enable investors to gain easy access to surrounding markets. With this rapid growth of the Fintech sector, a support network is forming around it. Lithuania has everything you need to make your investment go even further: dynamic talent, a competitive, growth-oriented business environment, a strong focus on continued innovation and EU-leading infrastructure. So, let us get down to business straight away, and answer the question of how did Lithuania manage to accomplish this while we also discuss the deciding factors and explore this country’s Fintech scene. Lithuania is the EU’s prime transport centre where the EU has recognized it. It is surrounded by Belarus to Southeast, Poland to the Southwest and Latvia to north. Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. How to invest 41 Corporate legal entities 42 Incorporation and capital requirements 42 Management 44 Branch of foreign company 45 Representative offices 45 Mergers 45 Cross-border mergers 46 Going public 47 Insolvency proceedings 47 Legal protection proceedings 48 Insolvency proceedings of a private individual 48 Lithuania How to invest 49 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. Lithuania's laws ensure equal treatment of foreigners and domestic investors. Home to a population of 3.28 million, Lithuania has lots to offer as an investment destination. . Latvia in Facts The advantages of Latvia based on facts and data. (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. Its strategic priority is to welcome and encourage financial innovators. 7 reasons to invest in Lithuania. Wednesday, 15 January, 2020. As one of the European Union’s economic recovery leaders in 2010, Lithuania managed to weather through the global economic recession. With an ecosystem that nurtures talent and supports growth, Lithuania is among top countries in the CEE region for innovation. In difficult times, a simple human response from your company’s leaders can go a long way. It is after gaining its sovereignty from Russia. Some people close their business,... Why Lithuania is a Good Place to Invest in Fintech. Lithuania's laws ensure equal treatment of foreigners and domestic investors. And here are the two main reasons for that: Most of the Fintechs prefer a partnership with a bank as a distribution channel. Nordstreet is a crowdfunding platform. Two characteristics that can accurately describe Lithuania’s Fintech sector are dynamism and diversity. No special permit from government authorities is necessary in order to invest foreign capital in Lithuania. Lithuania is a country located on the continent of Europe. start new business or expand your successful business in Lithuania, Baltic states or European Union countries. 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 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 … Blessed with the unique nature with 22,000 rivers, about 3,000 lakes, a clean seaside and 4 UNESCO World Heritage masterpieces. 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. By prioritizing progress Lithuania has been transformed into an EU jurisdiction where Fintech products can be developed and then also scaled globally. Why choose Lithuania. This small country is surely becoming a serious competitor for the title of Europe’s Fintech capital. 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. 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. And Lithuania doesn’t seem to be stopping in climbing the ladder as one of the top Fintech-friendly destinations in Europe. Created: 2013.10.03 / Updated: 2013.10.16 10:16. Why did it take an attack on the US Capitol for Corporate America to speak up? Why Invest in Lithuania Home to a population of 3.28 million, Lithuania has lots to offer as an investment destination. 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. However, launching a startup in London requires quite a lot of time and the startup costs can get rather high. Some of them are interested in a partnership with a bank as a customer, or in order to receive fundings. 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. Publisher ''Invest in Lithuania'' is the Journal of Economic Development. By introducing a new market premium model, Lithuania has recognized that the development of renewable energies needs a new boost. Another thing is the diversity of the markets that are targeted by Fintech companies in their search for expansion. Invest in a Business in Lithuania and 171 countries, 950+ Industries, with profit margins up to 60% investment ranging from EUR 90 thousand - 3.6 million. In terms of FDI/Investment policy, the Lithuanian government has put in loads of efforts to attract global investors with its liberal foreign investment policies. Lithuanians are justly proud of their independence since the dissolution of the Soviet Union. Another reason to invest in Lithuania is that it is No. So even though London is still in the lead, Lithuania is quickly catching up with its many benefits. Inside this prolific community, there is a constant exchange of insights, ideas, initiatives, and innovations. This talent is also affordable, as average gross monthly wages are one eighth those of, say, Denmark. Somewhere around the year 2017, a few successful crowdfunding projects awaken the community’s interest in digital finances. INVEST IN LITHUANIA. The impact of Brexit on Lithuania’s Fintech scene. That means that they provide a wide range of different business models, products, and services. She can be reached on email. The agency serves as a point of contact for foreign companies and guides international … Copyright © 2008 - 2020 CEOWORLD magazine. And Lithuania doesn't seem to stop climbing the ladder as one of the top Fintech-friendly destinations in Europe. 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. What Can Leadership Learn from Broken Politics? If there are proper regulations in place, this industry is capable of adapting to the changes. 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. A small percentage of Fintechs is not looking for any kind of partnership. 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. Macedonia and Serbia topped the rankings this year. Lithuania’s Ignitis seeks to tap Baltic power push with planned IPO. Fifth Avenue, New York, NY, 10001, United States. 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 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. It is surrounded by Belarus to Southeast, Poland to the Southwest and Latvia to north. It intend to become a "one step" comprehensive information system of Lithuania, on investment opportunities. Regardless of the risks, the Lithuanian government saw great potential in Fintech industries. Invest Lithuania is a non-profit organization founded in 2010 and owned by the Ministry of Economy of the Republic of Lithuania. Its mission is the attraction of foreign investment. Explore pre-screened Business Investment Opportunities in Lithuania with verified contact details, valuation details and business photographs. some of them are still on the lookout since they haven’t found the right funding system that would suit their business needs. Save. When it comes to funding methods, more than half of Fintechs are revenue funded. Lithuania is sometimes called “the land of lakes”. Pursuing investment: shrinking production in Germany brought new opportunities for Lithuania. Invest Lithuania. The movement of capital is now easier than ever due to the adoption of Euro in 2015. Invest Lithuania EN. All investments will be granted. In that sense, the bank offers various regulatory programs that enable Fintech newcomers to set up their startups with some ease. It offers investors a diversified economy, a skilled workforce, low corporate taxation, the best developed road network in the region and a … 3E accounting can guide you to start a business in Lithuania, contact us now. The mere possibility of the UK’s position on the global scene weakening could change the Fintech landscape within Europe. 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. 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. Invest any amount from 100 €. Lifestyle From the buzz of the city to the refreshing calm of the countryside, Lithuania gives you the lifestyle balance you deserve. You can opt-out if you want to. Besides the pro-business investment climate, the tax policy of Lithuania is also a business-friendly tax policy. The Brexit deal could be a crucial factor that could potentially change the European Fintech scene. Lithuania’s strategic location and its excellent infrastructure enable investors to gain easy access to surrounding markets. Experience management firms such as Qualtrics are swimming in data, operationally and experientially, that attests to the impact of culture... During a recent conversation with executive coach Jen Thornton on our Peernovation podcast, we talked about learning and what it... A lot of movement between companies and business has been observed during the coronavirus period. Journal is responsible for investment promotion, attraction and facilitation. Apart from a few exceptions, nearly all sectors of the economy are freely accessible. 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. Ä® Lietuvą persikelti norėtų daugiau nei 80 baltarusių įmonių: labiau nei sąskaitos rÅ«pi imigracijos taisyklės . Even though Europe is a primary target market, North America and Asia haven’t been left out. New workforce loading: 2021’s fastest growing jobs, many of them are well-established and able to accumulate and rely on their own revenue. CEOWORLD magazine > The Latest > C-Suite Advisory > Why Lithuania is a Good Place to Invest in Fintech. With all the benefits such as government support, advanced regulation, infrastructure that drives innovation and lower start-up costs, it is still a great place to invest in Fintech industries. The video was developed in collaboration with current investors and it presents the country as it is perceived through their eyes. Why buy land and property in Lithuania? 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. Forming a Business in Ireland: Setting Up, Incorporation, and Management, Starting Business In Ireland: Important Matters To Be Aware Of. 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 The Lithuanian government has set up an agency to help and assist foreign investors. Full service consulting and creative company. Invest Lithuania. If you are tapping the EU markets, Lithuania is one of the investment hotspots that you can traipse into. 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