In recent years, Italian investors have shown increased interest in investment opportunities in Lithuania.
© AFP/Scanpix

Last year alone, a number of major investors from Italy with high value-added products decided to set up operations in Lithuania. These included the high-tech enterprise Gruppo Fos, IT giant Valuetech, and an Italian capital medical equipment producer to be set up in Klaipėda Free Economic Zone. And two upcoming conferences in Italy will help to further promote Lithuania as a location for Italian businesses to grow and develop.

Strategic location, attractive taxation and competitive costs

One of the key factors that convinces Italian businesses to invest in Lithuania is the opportunity it gives to access neighbouring markets like Russia, Belarus, Poland and the Nordic countries using Lithuania’s well developed sea, land and air transport infrastructure.

"Convenient access to these markets and the country’s location between East and West are very important factors in attracting Italian investors," Ieva Gaižutytė, president of the Italian-Lithuanian Chamber of Commerce, said.

Taxes in Lithuania are lower than those in Italy, another key value often mentioned by Italian investors. The profit tax in Italy goes up to 27.5%, with income tax set between 23% and 43%, and value added tax at 22%; the equivalent rates in Lithuania are 15%, 15% and 21% respectively.

Investors are also attracted by the tax incentives offered to companies who set up in one of Lithuania’s seven free economic zones. In addition, salaries in Lithuania are around three times lower than in Italy. The average salary in Italy is slightly more than 1,500 Euro, while in Lithuania it is a little over 500 Euro.

Full article at Invest Lithuania

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Moody's chooses Vilnius for its new European location

Moody’s Corporation has chosen Vilnius, Lithuania as the location for its newest European office....

Startup idea trends: What direction are modern day innovative entrepreneurs taking?

Today the globe experiences a massive penetration of information technologies and artificial...

Ellex Valiunas: a new partner and a new team of leaders

A new partner Ieva Dosinaitė is joining the firm as of 10 December 2018. Ieva Dosinaitė, who is...

Heating season has started: Lithuanian homeowners face the poorest heat retention in the Baltics

Start of a new heating season not only boosts household bills for the municipal services, but also...

Lithuanian robotics industry is ready for a growth spurt: from robots that think to smart things that save lives

The latest innovative products and solutions under development and already in application by...