ABOUT LITHUANIA

Amongst all the countries in Europe, Lithuania, officially the Republic of Lithuania, is a country located in Northeastern Europe, the largest of the three Baltic States, with a strategic coastline on the Baltic Sea. It is globally recognized for its rapidly growing economy, strong performance in IT and high-tech sectors (especially FinTech and laser technologies), rich historical heritage, and beautiful natural landscapes. The capital of Lithuania is Vilnius, which is its largest and most populated city, serving as the country’s primary economic, cultural, and political hub, and a rapidly emerging innovation center in the Baltics. According to the report of the World Bank, Lithuania has been classified as a High-Income Nation, characterized by a dynamic and open market economy. The currency of Lithuania is the Euro (EUR), which it adopted in 2015. As of today’s exchange rates (June 2025), 1 Euro is approximately 89.85 Indian Rupees. The population of Lithuania is estimated to be around 2.8 million in 2024. Its neighbouring countries are Latvia to the north, Belarus to the east and south, Poland to the south, and the Russian exclave of Kaliningrad Oblast to the southwest. The official language of the country is Lithuanian. English is widely spoken and understood, especially among younger generations, in business, and in tourist areas, facilitating international communication. The majority of the population identifies as Roman Catholic. Currently, Lithuania has three international airports, with Vilnius International Airport (VNO) being the primary international gateway, offering extensive air connectivity. Other international airports include Kaunas (KUN) and Palanga (PLQ). As a coastal country, Lithuania boasts a crucial commercial seaport in Klaipėda, which is an ice-free deep-water port, vital for international trade and serving as a key logistics hub for the Baltic region.

The standard corporate income tax rate in Lithuania is 15%. Lithuania offers an attractive and diverse range of investment incentives to encourage foreign direct investment, especially in strategic projects, high value-added activities, and R&D. These incentives include a 0% corporate income tax rate for the first 10 years in Free Economic Zones (FEZs) for certain large investments, followed by a 7.5% rate thereafter. There are also R&D tax incentives, including a triple deduction for R&D expenses. As a full member of the European Union and the Eurozone, Lithuania benefits from full access to the EU’s single market, ensuring free movement of goods, services, capital, and people, and enjoys the stability of the Euro currency. Opesh Group of companies will be helping you in the completing Due Diligence process which includes financial planning, registration process, business options, and if required, even helping you find a Rental property for your office.

Establishing a business in Lithuania is known for its speed, efficiency, and investor-friendly approach, making it one of the easiest places in the EU to set up a company. Invest Lithuania is the primary governmental agency dedicated to promoting and assisting foreign direct investment. A foreign investor who is planning to start his business in Lithuania can form various company types, with the most common and flexible structures being a Private Limited Liability Company (Uždaroji akcinė bendrovė or UAB) or a Public Limited Liability Company (Akcinė bendrovė or AB). The UAB is by far the most popular choice for foreign investors due to its simplicity, limited liability, and allowing 100% foreign ownership with a minimum share capital of just €1,000. Lithuania’s legal system is based on civil law, with robust commercial and labor laws fully aligned with EU directives, providing a secure, transparent, and predictable environment for businesses.

In Case an investor is planning to establish a UAB in Lithuania or a corporate business setup, Opesh Group will be helping you in taking the right decision for setting up your business in Lithuania and we will also guide you about how to follow the procedure while formulating your company in Lithuania.

Types of Business which can be started in Lithuania-

• ICT (Information & Communication Technology): Lithuania is rapidly becoming a leading FinTech hub globally, but also excels in cybersecurity, SaaS development, gaming, and IT outsourcing. Opportunities are vast in software development, AI, data analytics, and digital solutions.
• Laser Technologies: Lithuania is a world leader in laser manufacturing, particularly for scientific and industrial applications. Opportunities exist in laser component production, R&D, and integration of laser systems.
• Biotechnology & Life Sciences: A strong and growing sector with cutting-edge research in gene editing (CRISPR-Cas9), pharmaceuticals, and medical devices. Opportunities in R&D, manufacturing, and clinical trials.
• Shared Service Centers & Business Process Outsourcing (BPO): Attracts international companies for financial, IT, customer service, and HR shared services due to its skilled, multilingual, and cost-competitive workforce.
• Advanced Manufacturing: Focus on high-value-added manufacturing, including electronics, automotive components, and industrial machinery, leveraging automation and robotics.
• Renewable Energy: Opportunities in developing and deploying solar, wind (onshore and offshore), and biomass energy projects, as well as manufacturing related components.
• Logistics & Transport: Its strategic location and Klaipėda seaport make it an ideal hub for logistics, warehousing, and multimodal transport services connecting East and West.

Advantages of Starting Business in Lithuania-

• Fast-Growing Economy: One of the fastest-growing economies in the EU, with strong growth prospects and a dynamic business environment.
• Highly Skilled & Multilingual Workforce: A well-educated, digitally literate, and largely English-speaking workforce, particularly strong in IT and technical fields.
• EU & Eurozone Membership: Provides political and economic stability, full access to the vast EU single market, and the benefits of the Euro currency.
• Leading FinTech Hub: Ranked among the top FinTech hubs globally, offering a progressive regulatory environment for financial technology.
• Exceptional Digital Infrastructure: Boasts some of the fastest internet speeds globally, supporting digital businesses and R&D.
• Strong Innovation Ecosystem: A vibrant startup scene, strong R&D capabilities, and specific excellence in laser and life sciences technologies.
• Favorable Tax Regime & Incentives: Competitive corporate tax rate and attractive investment incentives, especially in Free Economic Zones.
• Strategic Location: Gateway to the Baltic, Scandinavian, and Eastern European markets, with an ice-free port facilitating trade.

Business Opportunities for Indians in Lithuania-

There are excellent business opportunities in Lithuania for new investors who are planning to start their business abroad. Lithuania’s rapidly expanding high-tech sectors, skilled talent pool, and strategic location within the EU present compelling avenues for Indian companies. Indian investors with strengths in IT services (especially FinTech solutions, cybersecurity, software R&D, IT outsourcing), Pharmaceuticals (distribution, potential for R&D collaboration), Laser Technology components and applications, Advanced Manufacturing partnerships, Food Processing technology, and Logistics & Warehousing solutions (leveraging Klaipėda port), can find significant potential for investment, partnerships, and market entry into the Baltic and wider European markets.

Imports & Exports-

Many goods are imported and exported from Lithuania. Imports and exports business is an ever-growing business in any country; however, you need to do proper R&D before investing in that product which you can import or export. You need to check whether that product is suitable for your target market and how much revenue you will be able to generate from that market.

Major items which are exported from Lithuania:

• Mineral products (refined petroleum)
• Machinery and mechanical appliances
• Chemical products (fertilizers)
• Food products
• Wood and wood products
• Plastics
• Electrical equipment

Major items which are imported in Lithuania:

• Mineral products (crude oil, natural gas)
• Machinery and mechanical appliances
• Vehicles and transport equipment
• Chemical products
• Electrical equipment
• Metals

Major items traded between Lithuania and India (as of 2023-2025 data):

• Exports from Lithuania to India: Optical and medical instruments (including some laser-related tech), chemicals, machinery, wood products.
• Imports in Lithuania from India: Organic chemicals, pharmaceuticals, textiles and apparel, machinery, articles of iron or steel, tea, and some electronic components.

Manufacturing-

Manufacturing in Lithuania is a significant and growing sector, characterized by its focus on advanced technologies and integration into global supply chains. Opportunities are strong in advanced manufacturing (including automated production and robotics), electronics, laser technology, chemicals and fertilizers, food processing, and wood and furniture production. The sector is increasingly driven by innovation and a shift towards high-value-added products.

Mining-

The mining business in Lithuania is relatively limited and primarily focuses on industrial minerals. It does not have significant reserves of metallic ores or fossil fuels beyond peat. The main mining activities involve the extraction of limestone, clay, sand, gravel, and dolomite for construction materials, as well as peat for energy and horticultural purposes. While there are some minor oil and gas fields, large-scale, diversified conventional mining is not a prominent feature of the Lithuanian economy.

Major Indian companies which are currently working in Lithuania-

While large-scale Indian conglomerates might not have a massive physical presence in Lithuania yet, there is growing engagement, particularly in the IT and pharmaceutical sectors, reflecting Lithuania’s attractiveness as an EU and FinTech hub.

• Indian IT Services Companies: Firms like Tata Consultancy Services (TCS), Wipro, and Infosys may serve Lithuanian or Baltic clients from regional hubs or with dedicated teams, given Lithuania’s strong digital agenda and growing tech sector. Direct office presence for large-scale operations might be less common compared to larger EU economies but is evolving.

• Pharmaceutical Companies: Indian pharmaceutical companies might have distribution networks or smaller sales operations to serve the Lithuanian market, as part of their broader European strategy.

• Niche Tech/Startups: Indian startups or specialized tech firms might find opportunities for collaboration, especially in the FinTech and cybersecurity space.

• GDP = $86 billion (nominal, 2024 est.)

• GDP Growth = 2.0% (2024 est.), 3.0% (2025 forecast by IMF)

• Ease of doing business rank = The World Bank’s ‘Doing Business’ report has been discontinued. However, Lithuania has consistently ranked high in international indices for ease of doing business, recognized for its streamlined processes, digital services, and investor-friendly environment.

• GDP per Capita = $30,800 (nominal, 2024 est.)

Thanks for reading this Article. Watch our Video and know more about Lithuania. For any Business Enquiry Join Millionaire Program and change everything in life and Business.. Call/ WhatsApp +91- 8094607111.