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Quality & Costs

Quality & Costs at a glance:

Lithuania has been our best decision. Our figures have never been better. We simply get things done here faster, smarter.
Rosita Vasilkeviciute,
Head of Group Services Lithuania at DanskeBank

  • 1st in CEE in University-Industry collaboration in R&D / WEF Global Competitiveness Report, 2015-2016
  • 2nd fastest productivity growth in the EU 2010-2014 / Eurostat 2014
  • Labor costs 4 times lower than EU average / Eurostat, 2014
  • 4th lowest profit taxes in the region / KPMG, 2015
  • 0% profit tax incentives in Free Economic Zones and other special incentives for foreign investment

We know how to help you make the most of your money  

From reducing your company overheads and rental space costs, to keeping your salary levels competitively low, Lithuania offers the perfect environment for you to make your business more productive. What’s more you’ll find the government is behind you too, offering profit tax incentives and other benefits to help you grow your operations.

And expanding your operations need not cost you the earth. With labor costs four times lower than the EU average, you are able to get the best staff for less. On top of that, office rentals are some of the lowest in the region, meaning we can offer you a truly cost competitive environment for your business growth.

To make any business a success, productivity is vital, and with Lithuania ranking 2nd in the EU for labour productivity growth between 2010 and 2014, we can provide you with the staff and space to get you the results you need.

You will also find that our government is ready to support you too. On offer is a raft of tax incentives to ease the establishment of your business, and you’ll be happy to hear that we have the 4th lowest corporate tax rate in the EU.

Click here for more information on costs of doing business in Lithuania.

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