Lithuania

Europe

Lithuania

Lithuania is a member of the European Union (EU ) and is located in Northern Europe. Situated on the southeastern shore of the Baltic Sea, it shares a border with Latvia, Belarus, Poland, and the Russian enclave of Kaliningrad. Across the Baltic Sea lies Sweden and Denmark. Its official language is Lithuanian, spoken by 82% of the population followed by Russian 8%, Polish 5.6%. Vilnius is the capital of Lithuania and its largest city, with a population of 574,147 as of 2018. It located is in the southeast part of Lithuania and is the second largest city in the Baltic states. Vilnius is also the seat of the main government institutions of Lithuania and the Vilnius District Municipality. The government system is a parliamentary democracy; the chief of state is the president, and the head of government is the prime minister. Lithuania is one of the fastest growing European country. Friendly and educated people, nature, fresh air and cities, combining advantages of modern life and cultural heritage. During the past couple decades of independence Lithuania has achieved a lot in science (e.g. physics, IT and nano-technologies), economics, health-care, sports, the quality of life and business environment. Lithuania is a promising country and is one of top European countries in terms of the people with higher education. The coutry has transitioned from a command economy to a market economy in which the private sector accounts for the majority of GDP, and government regulation is transparent and efficient. Increases in exports, investment, and wage growth that supported consumption helped the economy grow by 3.6% in 2017. In 2015, Russia was Lithuania’s largest trading partner, followed by Poland, Germany, and Latvia; goods and services trade between the US and Lithuania totaled $2.2 billion. Lithuania opened a self-financed liquefied natural gas terminal in January 2015, providing the first non-Russian supply of natural gas to the Baltic States and reducing Lithuania’s dependence on Russian gas from 100% to approximately 30% in 2016. Lithuania’s ongoing recovery hinges on improving the business environment, especially by liberalizing labor laws, and improving competitiveness and export growth, the latter hampered by economic slowdowns in the EU and Russia. In addition, a steady outflow of young and highly educated people is causing a shortage of skilled labor, which, combined with a rapidly aging population, could stress public finances and constrain long-term growth.

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Fixed broadband

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Rank: 25

Startup Visa Lithuania

Entrepreneur - Biotechnologies , Laser Technologies , Electronics , Mechatronics , Nanotechnologies
Free - One year - Lithuania

The Startup Visa in Lithuania refers to the recently approved immigration law by the Lithuanian government. It is aimed to attract gifted and ambitious innovative startup founders from all around the world and help them set up and develop their start...

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Resident permit for business owners / shareholders

Investor - All Business Sectors
Free - Two years - Lithuania

Resident permit for business owners / shareholders is a program for the foreigners who are directors or shareholders of a company, a joint stock company or a closed joint stock company in Lithuania. The company must have been active for at least 6 mo...

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