Lithuania’s Shared Services and Outsourcing market ranks 14th globally (A.T. Kearney Global Services Location Index 2011) and is rated better than the UK, the US, neighbouring Poland, as well as Hungary, the Czech Republic etc., and Lithuania has already been chosen as the best Services business development offshore destination by Western Union (USA, 2010), Barclays Bank (UK, 2009), Mirror Accounting (Norway, 2008), Unicall (Norway, 2008), SEB (Sweden, 2008), CSC (USA, 2007), Transcom (Luxembourg, 2002) and other global players.

With a growing number of the above mentioned and other multinationals, providing services in English, German, Scandinavian, Russian and Polish languages for the entire European market, Lithuania has emerged as the Northern Europe Service Hub, offering one of Europe’s most educated talent pools and world-leading shared services infrastructure – world’s fastest download and world’s second fastest upload Internet, one of the best-developed fiber braodbands, fully implemented 4G WiMAX technology, modern office space etc. Besides, the market is positioned on the very crossroads of Scandinavian, Eastern as well as Western European markets and is an extremely convenient location for operations to serve a wider region. Favourable investment and operation conditions, including generous cash grants (e.g. personnel training and business unit/plant settlement cost coverage), provided by the Lithuanian Government is a great advantage for expanding investors.

Should you be interested in getting more information on the opportunities of service business establishment in Lithuania, contact Invest Lithuania at isd@investlithuania.com or meet our representatives at the Finance Transformation Europe Event in London.

For more on Lithuania’s Shared Services and Outsourcing industry download the sector overview.

For more information on the event follow www.fintransformation.co.uk.