This economy profile presents the Doing Business indicators for Lithuania. To allow useful comparison, it also provides data for other selected economies (comparator economies) for each indicator. The data in this report are current as of June
1, 2014 (except for the paying taxes indicators, which cover the period January–December 2013).

2016-2017 economic projections from the Eurpoean Commission

Overview of Lithuania Economy – This page summarizes Doing Business 2015 data for Lithuania. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

In the guidelines for Lithuania’s economic development, no branch of industry has been given special priority, however, a strategic decision was taken to promote innovation, investment in modern technologies and industries that create high added value.

Lithuania began a comprehensive economic reform program following the country’s declaration of independence in 1990.

listing of the most popular types of company (forms of incorporation), having status of a legal person, are permitted to operate in the Republic of Lithuania

This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Lithuania.

Registration procedures

Lithuania is the most advanced and promising Baltic countries, where doing business is quite reliable and secure. The most common types of registered companies in the Republic of Lithuania are: private limited liability company, public limited liability company and Individual enterprise (sole proprietorship). Business in Lithuania is regulated by the laws: Civil Code, Joint Stock Companies Act, law on Public Institutions and other legal documents.

The Corporate Tax Rate in Lithuania stands at 15 percent. Corporate Tax Rate in Lithuania averaged 15.50 percent from 2006 until 2015, reaching an all time high of 20 percent in 2009 and a record low of 15 percent in 2007. Corporate Tax Rate in Lithuania is reported by the State Tax Inspectorate.

This site providesa detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as administrative burden in paying taxes.

The Personal Income Tax Rate in Lithuania stands at 15 percent. Personal Income Tax Rate in Lithuania averaged 26.86 percent from 1994 until 2014, reaching an all time high of 33 percent in 1995 and a record low of 15 percent in 2009. Personal Income Tax Rate in Lithuania is reported by the State Tax Inspectorate.

Income tax is levied on individuals who are resident in Lithuania for tax purposes or on individuals who are not resident but receiving a Lithuanian sourced income.

The standard rate of VAT is 21 percent. There are reduced rates of 5% and 9% for certain goods and services.

Details on VAT issues in Lithuania

See Entry, Exit & Visa Requirements

A visa-free entry to Lithuania is granted to citizens of 78 states; however, arrivals from some of them must be holders of diplomatic, service, special or biometric passports. 

Lithuania’s small telecoms market is among the more developed in Eastern Europe. A number of alternative operators offer services although the incumbent TEO is still the dominant operator in the fixed-line and broadband sectors.

A guide to all forms of public and private transportation in Lithuania

Transport tips on getting around Lithuania like a local.

An overview of telecommunications in Lithuania

Scope of employment regulations including minimum wage, worktime restrictions, employee representation

See “Labor rights in the Constitution”

This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Lithuania.

Unemployment, retirement and disability regulations in Lithuania from the US Social Security Administration

See “Customs and Etiquette in Lithuania” on this site

The climate of the Lithuania can be described as typical European continental influenced climate with warm, dry summers and fairly severe winters. January is the coldest month with daytime temperatures usually around -5°C, but in some cases winter months can be quite colder with temperatures far below zero, about -20°C or lower and strong, cold northeasterly winds.

Lithuania’s climate is characterized by seasonal weather changes

Cost of living information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more

The dos and don’ts of business etiquette in Lithuania

Features map and brief descriptions of the geography, people, government, economy, communications, transportation, military and transnational issues

US Department of State – Go to Safety and Security for updates from the Lithuanian government

Travel advice from the Department of Foreign Affairs and Trade

The Lithuanian education system is implemented at 7 levels, which are comparable to the ISCED classification system. Education institutions can be state or non-state (municipal, private or other). According to the Lithuanian Constitution, education is compulsory until the age of 16 

Education at all state, non-tertiary institutions is free now, except for pre-school which is partly subsidized. The primary school program takes 4 years to complete, nominally between ages 6 to 11. Some schools specialize in this stage only, while others provide all 3 phases of school education.

Schedule of National holidays and Observances

2015-016 public holidays in Lithuania

Demographic information includes population, quality of life, health, sports, technology, energy and the environment

Lithuania is the 69th largest export economy in the world and the 30th most complex economy according to the Economic Complexity Index (ECI). In 2013, Lithuania exported $28.4B and imported $34.3B, resulting in a negative trade balance of $5.94B. In 2013 the GDP of Lithuania was $45.9B and its GDP per capita was $15.5k.

Import-export regulations from Lithuanian customs

Import and export regulations and procedures from Lithuanian Customs

This site provides key information on Lithuania’s participation in the WTO. Lithuania has been a member of WTO since 31 May 2001. As of 1 May 2004 it is a member State of the European Union (more info). All EU member States are WTO members, as is the EU (until 30 November 2009 known officially in the WTO as the European Communities for legal reasons) in its own right.

Lithuania has a wide choice of accommodation options to suit most budgets, including hotels, guesthouses, farmstays, hostels and campgrounds.

Best hotels in Lithuania

A complete travel guide for Lithuania

Find and learn all about travelling to Lithuania: cities, events, routes, tourist information centers, attractions