Lithuania Overview

Lithuania, one of the three Baltic states in north-eastern Europe, is a rapidly-modernising country with a fast-growing economy. It is also an ideal location for business, with full access to the EU market and low business start-up costs.
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Lithuania is situated in Northern Europe and is one of the three Baltic States, alongside Lithuania and Estonia. The terrain of Lithuania is composed of lowlands and highlands and it has a humid, continental climate. Lithuania is also the largest economy among the Baltic States. Following independence from the Soviet Union, Lithuania underwent rapid reform and transformed from a centrally planned economy to an open market economy. During the late 20th century and early 21st century, Lithuania’s economy expanded and modernised rapidly. Positive growth rates resumed after the global downturn in 2010, albeit at a slower rate than before.

Important sectors in the Lithuanian economy include information and communications technology food processing, chemical manufacturing, furniture production, agriculture, financial services and tourism. Lithuania’s economy is rated highly inn terms of ease of doing business and economic freedom, and Lithuania is classified as a very high human development country in the Human Development Index. Lithuania is a member of the EU and the Schengen Area, and has been a member of the Eurozone since 2015.

Investors can receive a Lithuanian residency permit by forming a Lithuanian company or buy purchasing a Lithuanian company, as long as the company is involved in activities which are beneficial to Lithuania. It is possible to apply for permanent residency after 5 years, and citizenship is possible after 10 years.

The advantages of Lithuania as a residency solution are numerous. Lithuania is an excellent place to do business, with an excellent, multi-lingual workforce, a business-friendly government, and minimal red tape. It is one of the fastest-growing EU economies, and is ideally situated between Europe and Russia. Residents may travel around the Schengen area without a visa for stays of up to 60 days. Residency also gives the unrestricted right to work and study in Lithuania, as well as avail of social benefits. Family members may also accompany the investor to Lithuania, making it an ideal option for investors with families.

Lithuania: Factsheet

  • Official Name: The Republic of Lithuania
  • Geographic Location: Northern Europe
  • Capital: Vilnius
  • National Day: February 16th
  • Population: 2,827,947 (2017 estimate)
  • Population density: 43/km2(2017 estimate)
  • Major ethnic groups: Lithuanian, Polish, Russian
  • Official languages: Lithuanian
  • Currency: Euro
  • Religion: Roman Catholic, Orthodox
  • Land area: 65,300 km2
  • Total GDP: $42.826 billion (2017 estimate)
  • Per capita GDP: $15,090 (2017 estimate)

Why Choose Lithuania?

  • Wonderful place to do business, with a business-friendly government, and minimal red tape.
  • Highly skilled workforce.
  • One of the fastest-growing EU economies.
  • Ideally situated between Europe and Russia.
  • Member of the EU, the Eurozone and the Schengen area. Residents may travel freely around the 26 member states of Schengen for periods not exceeding 60 days. Citizens can travel freely around the EU and have the right to live, study and work in any EU state.
  • Residency gives the unrestricted right to work in Lithuania and access to certain social benefits. Family members can accompany successful applicants and gain residency in Lithuania.