Lithuania’s 2 Free Economic Zones are located in the country’s economically important centres and provide extremely favourable conditions for developing business activities by offering prepared industrial sites with physical and/or legal infrastructure, support services, and tax incentives. Incentives in Lithuania’s Free Economic Zones* include:
- no corporate tax for the first 6 years and a 50% corporate tax reduction for the next 10 years (applicable for investments exceeding EUR 1 million)
- no road and real estate taxes
- extensive application of 0% VAT
Total amount of incentives received by a company may not exceed 65% for small enterprises and 50% for medium and large enterprises of investment to the long term assets.
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Klaipėda FEZ, strategically located near the ice-free seaport, airport, motorway, and rail network, combines FEZ incentives with industrial parks and the advantages of logistic centres. The entire necessary infrastructure is already installed at the site. Investors have a ready access to water, electricity, natural gas, and telecommunication resources. For more information on Klaipėda FEZ please see www.fez.lt
Kaunas FEZ is strategically located in the centre of Lithuania at the intersection of the Via Baltica, the European priority transport corridor, connecting Helsinki, St Petersburg, and Warsaw, and the East-West highway linking the port of Klaipėda with Russia, Belarus, and Ukraine. It is also situated near an international airport.For more information on Kaunas FEZ please see www.ftz.lt
One of the world’s leading plastic products manufacturers Indorama of Thailand, world’s largest manufacturer of wire harnesses Yazaki, Finland’s biggest construction company YIT and other companies have chosen Lithuania’s free economic zones as the best places for their business expansion.