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We speakfluent business
MAY | 2019
2
Population2 2.8 million
Labour Pool2 1.5 million
Unemployment2 6.1%
Facts & figures
Source 1: Eurostat, 2018
Source 2: Statistics Lithuania, 2018
Source 3: European Economic Forecast, Autumn 2018
in EU for GDP per capita growth
since 200011st
GDP growth:
− in 20172: 4.1%
− in 20183: 3.4%
− in 20193: 2.8%
3
Globally ranked player
Source 1: World Bank, 2018Source 2: World Economic Forum, 2018Source 3: Fraser Institute, 2018
Source 4: Yale University, 2018Source 5: Transparency International, 2018Source 6: PwC, 2019
Ease of Doing
Business1
out of 190
countries
evaluated14Global Competitiveness
Index2
out of 140
countries
evaluated40
Environmental
Performance Index4
out of 180
countries
evaluated29Corruption
Perception Index5
out of 180
countries
evaluated38Paying Taxes
Ranking6
out of 189
countries
evaluated18
Economic Freedom
of the World3
out of 162
countries
evaluated13
4
Performance in FDI
Source: Invest Lithuania, 2018
39%
34%
13%
4%
3%
7%
Shared Service Centre
Manufacturing
IT Design, Development &Testing
Business Services
Sales, Marketing & Support
Other
Top business activities according to jobs planned | 2010-2018
Top investing countries by share of total
projects | 2010-2018
15%United
States
8% Germany
9% Denmark
8% Norway
5% Finland
12% UK
8% Sweden
5
Young & talented labour1
World-class infrastructure2
Great quality to cost ratio 3
Business friendly environment4
Perfect living pace5
What gives Lithuania the edge?
6Young & talented labour
Young highly qualified talent
Source 1: Eurostat, 2018 (age group 25-34)
Source 2: Invest Lithuania’s estimation based on Population Census (2011)
Source 3: Europeans and their languages, 2012
Source 4: Ministry of Education, Science and Sports, 2019
of population with higher
education156%
85% proficiency in English
among young professionals2
52%speak at least two
foreign languages3
26%
15%
14%
13%
9%
8%
4%
4%
6%
Business, administration and law
Health and welfare
Engineering, manufacturing andconstruction
Social sciences, journalism andinformation
Arts and humanities
Information and communicationtechnologies
Education
Natural sciences, mathematics andstatistics
Other programmes
Students by study fields in higher education institutions | 2018-20194
World-class infrastructure 7
Digital infrastructure: fast, reliable and affordable
Source 1: IMD World Competitiveness Yearbook, 2018
Source 2: OpenSignal, 2018
Source 3: European Commission Digital Agenda Scoreboard, 2015
EU and global leader in connectivity and communication technology
globally in digital/ technological
skills availability11st
3rdin the EU for mobile
4G coverage2
for fixed
broadband price31st in EU
2,73%
2,19%
1,85%1,57%
1,25% 1,12% 1,06%0,87%
0,71%
% of disposable income | Advertised download speed above 12 and
up to 30 Mbps | 2015
World-class infrastructure 8
Logistics: fast connection infrastructure
Source 1: World Economic Forum, Global Competitiveness Report, 2018
Source 2: www.portofklaipeda.lt
Source 3: Girteka Logistics, 2014. Estimates based on two-driver shared shift model
Road & Rail
Air
Sea
− 1st in CEE for quality of roads1
− Rail cargo services direct to Russia, Belarus, Latvia, Poland, Germany, Ukraine and Asia (incl. China)
− 3 International Airports, access to major European cities within 2-3 hours flight
− Klaipėda State ice-free Seaport
− 14.5 m deep port, handling up to 65 million tons of cargo annually, the largest port in the Baltic States2
3
9Great quality to cost ratio
Cost & quality combined
Source 1: Eurostat, 2017 (wages in industry, construction and services, except public administration, defense, compulsory social security)
Source 2: European Office Market. Edition 2017, BNP Paribas Real Estate
50,0
36,6
27,4
10,1 9,3 9,05,4
Average labour cost hourly wages (Eur), 20181
Ranked alongside Sweden and Finland for its business environment, Lithuania can also guarantee a fantastic cost to quality ratio.
One of the lowest office rental prices in the region2
10Business friendly environment
Business friendly environment
7 Free Economic Zones (FEZ):
− 0% corporate tax for the first 10 years*
− 50% discount on corporate tax over the next 6 years*
− 0% tax on dividends*
− 0% tax on real estate*
Industrial Parks (IP)
6-12 months delivery of build-to-suit manufacturing facilities
* Conditions apply
corporate profit tax0-15%
21% VAT
0-15%
20%
19.5%
1.79%
dividends
personal income tax
social security tax paid by employee
social security tax paid by employer
11Perfect living pace
Perfect living pace
Source 1: Expert Market, 2016
Source 2: European Commission, 2016
Source 3: Mercer's 2018 Cost of Living Ranking
Source 4: Ooma tests, 2017
− According to the Mercer Cost of Living Index 2017, Vilnius is one of the four least expensive EU capitals to live in for expatriates3
Cost of living
Lifestyle− Vilnius – among TOP 10 cities globally with the
best work life balance1
− 98% of Vilnius inhabitants are satisfied with living here (highest percentage among EU capitals)2
Keeping you
connected with
the fastest
public Wi-Fi
globally4
12Sectors
Global Business ServicesManufacturingTechnology
LITHUANIA – YOUR TOP OPTION FOR:
13Sectors
#1 Global Business Services
Source 1: Invest Lithuania, 2019
Source 2: Lithuania’s business services report, 2019, Invest Lithuania
Source 3: Central and Eastern Europe Shared Services and Outsourcing Awards, 2019
Source 4: cvmarket.lt, 2017
professionals employed
in the sector1~17,000
35 the largest number of languages
used in a single center2
yearly growth of
SSC sector213%
Top 3 most desired
employers are SSCs4
The best
destination
for shared
services and
outsourcing
in CEE3
14Sectors
Arminta Saladžienė, Head of Nasdaq Baltic
For companies like us that develop advanced solutions, Lithuania provides the perfect mix of exceptional infrastructure and exceptional talent.
Nasdaq Technology and Business Support Competence Center
FTE 340
Languages English, French, German, Danish, Russian, Swedish
Established 2015, Vilnius
Functions Development and QA Verification of Trading, Clearing,
CSD and Governance IT Platforms
System Operations, IT Operations Analytics Solutions
Accounts Payable and Receivable, Payroll, Financial
Control, Business Control, etc.
15Sectors
Functions: F&A, IT, HR, Analytics
Languages: English
Headcount: 790 Established: 2014, Kaunas
Functions: F&A, HR, Customer operations, IT
Languages: English, French, German, Finnish, Danish, Swedish
Headcount: 340 Established: 2015, Vilnius
Functions: F&A, IT, Legal, Customer operations, Analytics, RPA
Languages: English, Danish, Norwegian, Swedish, Finnish
Headcount: 3000 Established: 2012, Vilnius
Functions: F&A, IT
Languages: English, Swedish, Danish, Norwegian
Headcount: 680 Established: 2007, Vilnius
#1 Global Business Services Presence in Lithuania
Global Operations Center
BPO
Excellence CenterShared Service Center
Functions: F&A, HR, IT, Customer operations, Procurement, other
Languages: 35 languages
Headcount: 2000 Established: 2010, Vilnius
Shared Service Center
Technology & HR Centre
Functions: IT, HR, Customer operations
Languages: English, French, German, Italian, Spanish
Headcount: 700 Established: 2009, Vilnius
16Sectors
#2 Manufacturing
Source 1: Eurostat, 2018
Source 2: Statistics Lithuania, 2017
of Lithuania’s GDP is generated
by its manufacturing sector119%
73%of all manufacturing production
is exported2
DE, PL, US,
LV, SE
main export
destinations1
17Sectors
Raimundas Petrauskas, Managing Director at Schmitz Cargobull Baltic
Our efficiency rates in Lithuania are outstanding. The local team of innovative engineers and the flexible production line we’ve put in place have allowed us to exceed the demands of the constantly shifting market needs.
Schmitz Cargobull Baltic
FTE 570
Established 1999, Panevėžys
Products Thermo-insulating panels
Isothermal transportation equipment: insulated trucks,
trailers and semi-trailers
18Sectors
#2 International Manufacturing Presence in Lithuania
Manufacturing plant / R&D Manufacturing plant
Manufacturing plant Manufacturing plant
Manufacturing plantManufacturing plant
Products: Iso-thermal trucks, trailers and semi-trailers
Headcount: 570
Established: 1999, Panevėžys
Products: Respiratory care products
Headcount: 1920
Established: 1996, Pabradė
Products: Electronic circuit boards
Headcount: 860
Established: 1993, Kaunas
Products: Electrical distribution systems
Headcount: 1890
Established: 2014, Panevėžys
Products: Tobacco
Headcount: 570
Established: 1993, Klaipėda
Products: Reagents
Headcount: 680
Established: 2010, Vilnius
19Sectors
#3 Technology
Source 1: MOSTA, 2018
Source 2: Infobalt, 2018.
Source 3: Ministry of Education, Science and Sport, 2018-2019.
Lithuania’s consistent focus on tech education helps to
further secure its reputation as a highly attractive location
for global tech business players, such as UBER, WIX,
UNITY and many others.
31,500IT specialists in
Lithuania1
2,500 junior developers retrained by
private academies in 20182
10,600IT students in the
pipeline3
20Sectors
Boaz Inbal, Manager of External Dev. Centres at Wix.com
As advocates of the ‘can-do’ attitude, when we first visited Lithuania we were thoroughly impressed by the creativity, energy and entrepreneurial spirit of the people we met. That’s the Wix way, and so Lithuania seemed like a natural fit for our company.
Wix.com
FTE 130
Established 2013, Vilnius
Products Wix.com applications and strategic Wix projects, IT and
R&D projects
21Sectors
#3 Top Global Tech and Start-up Businesses in Lithuania
Technical office Technical office
Development unit
Head officeDevelopment office
Activity: Software development, QA, Product Design for
Wix.Com web development platform
Headcount: 140
Established: 2013, Vilnius
Activity: Adtech solution development, product management
Headcount: 440
Established: 2006 in Vilnius and 2013 in Kaunas
Activity:Critical infrastructure support, DevOps, software
development
Headcount: 40
Established: 2015, Vilnius
Development unit
Activity: R&D and QA for Unity engine
Headcount: 100
Established: 2007, Vilnius
Activity: Development of public transport app designed to plan
journeys using real-time data
Headcount: 50
Established: 2007, Vilnius
Activity: Software development, advanced analytics, product
strategy
Headcount: 230
Established: 2012, Vilnius
22
Invest Lithuania is the official agency for Foreign Direct Investment and Business Development.
We’ll partner with you to get your business set up and off to the best start possible:
All of our services are free of charge
Interested? Here’s how Invest Lithuania can help
Decision-making
We’ll help you make the most informed
decisions for your new operations:
− Tailored in-depth market and industry
insights,
− Advice on business costs,
− Information concerning the local labour
and legal framework.
Business Establishment
We’ll connect you with everyone you need to
know to guarantee a soft landing for your set up:
− Intros and meetings with key market players
and relevant governmental institutions,
− Sourcing of governmental financial support.
Business Development
Once you are up and running we’ll be there
with aftercare and support:
− Assistance with one-off problems,
− Lobbying for greater governmental
support.
Contact infoInvest Lithuania
T. +370 5 262 7438
A. Upes str. 23, 08128 Vilnius, Lithuania
www.investlithuania.com