Are you looking for a place overseas that offers all that’s needed–like location, business infrastructure, talent pool–to expand your business abroad and want to explore a ‘newer’ destination with, perhaps, ‘better’ possibilities? Well, mull over Lithuania immigration and realize your overseas settlement dreams!
The beautiful Baltic nation has, lately, caught the attention of the enterprising and ambitious migrant community, especially those keen to expand base overseas, for work, residence, investment, or business purposes. And, there’s no reason why you, too, shouldn’t throw your hat in the right.
Located strategically–at the crossroads of North, East and West, with proximity to Scandinavia, Western Europe, Russia and the CIS–the nation, officially a republic, part of the Eurozone, is also an important part of the EU, Schengen area, and NATO with a cosmopolitan society speaking different key global languages, including Lithuanian, Russian, English, and Polish. The Lithuanians are one of the most multilingual people in the EU with nine-tenth of its people converse in not less than 1 foreign language).
It means you will not only find a better place for business and investment overseas if you are looking for a relatively lesser explored destination with a pro-business environment and location.
That the nation has as many as 4 international airports, and has no dearth of reasonably priced skilled workers means while you will have no difficulties in moving you will get workers at low costs – very important for running and/or launching a successful venture overseas.
Significantly, the hotspot has concluded agreements with numerous important nations on avoiding of double taxation. It means there is a great possibility of the payment of dividends without tax here.
The republic is also one of the leaders in the ranking of the world’s freest economies on the ease of starting a business, as well as one of the leaders in Europe as per the index of investment attractiveness. All of which means in this Baltic Nation you will have a great destination overseas for business and investment.
Why You Won’t Find a Better Overseas Destination than Lithuania–Top 8 Reasons
Now let’s talk, in detail, what gives the country an edge and why you will not find a better location abroad, especially if you are a businessman or investor.
1. Amazing Talent Pool
The country has a remarkable pool of young, hardworking and educated people.
The nation has one of the EU’s most educated populations and continues to have an excellent bank of well educated professionals for local and global businesses. Lithuanians are a multi-lingual nation, which makes the local workers even more appealing.
In 2011, the share of the population, between 25 and 64 have concluded not less than upper secondary education in the EU made up 72.7%. The Republic had the highest share of any EU country with 92%.
30% of the Lithuanian population has higher education degrees, vis-à-vis the EU average of 24%. And even 40% of the 25 – 34 years old have higher education, and this is nearly 200% of the EU-15 average.
According to the Europeans and Languages survey, 90% of the local people can take part in a conversation in other language than their mother tongue. The EU-25 average is just 50% even while as high as 50% of the inhabitants use two foreign languages.
2. Strategic Location
The hotspot is situated strategically on the crossroads of 3 mammoth markets. A launch pad to the EU markets (Western Europe and Scandinavian nations), and Eastern markets (Russia & the CIS nations), the hotspot is also located in the Baltic Sea Region (BSR), and has forever been a vigorous business partner with its neighbours – other BSR countries – the Scandinavian states and Germany, and also Poland, Estonia and Latvia.
3. First-rate Business Infrastructure
The nation boasts of internationally leading ICT resources (globe’s swiftest download and second fastest upload Internet, Europe’s highest fiber penetration). It’s also a center of 5 science and business regions, 6 business development parks, besides 4 logistic hubs.
4. Investor-friendly Operating Conditions
The government offers low-cost operations in the EU (one of the most competitive taxes & wages). It also runs a wonderful INVEST LT+ scheme to cover the expenses of FDIs. The icing on the cake: the administration also offers corporate profit tax reductions for new technologies and R&D.
5. A Key member of EU Common Market
The republic is an important part of the common EU market, guaranteeing the unobstructed movement of goods, services, funds, and dividends inside the area. Member States can’t slap any duties or charges having an equal effect on goods crossing a border inside the EU. Unfair taxes, quotas, and steps having an equal impact are also not allowed. And so are banned curbs on the free circulation of services. Firms operating in the Lithuanian market operate inside the EU market without any checks.
6. Dependable, Safe and Stable
In the Corruption Perception Index 2010 (done by Transparency International), the nation is placed at the 46th position, out of 178 countries. In 2011, the Fitch Ratings agency improved Lithuania’s outlook from stable to positive and established its long-term foreign currency rating at BBB and its long term local currency rating at BBB+.
7. Economic Freedom
Heritage Foundation places Lithuania at the 24th spot in the 2011 World Economic Freedom Rating by the Canadian-based Fraser Institute, and also in the Index of Economic Freedom. The Heritage Foundation also puts the nation at the 13th spot among the 43 European nations.
8. Excellent Information & Communication Network
The republic boasts of superlative information and communication technology (ICT) resources and infrastructure. Nearly every most advanced ICT technology is entirely implemented and functioning throughout the nation. Globe’s swiftest Internet download speed in 2011, globe’s second quickest Internet upload speed in 2011, World’s 6th and Europe’s No. 1 fiber to the home (FTTH) optic communication penetration (23%), Europe’s highest fiber optic density, …these are just a few signature achievements that show that in the field of information and communication network, the republic is way ahead.
Summing-up, move to Lithuania for a better future overseas. You won’t find a better destination.
Figure out what temporary and permanent visa options you have. Check with us to plan your Lithuania immigration! Craft a better future abroad in style and with no hassles!
