In that sense, the bank offers various regulatory programs that enable Fintech newcomers to set up their startups with some ease. New workforce loading: 2021’s fastest growing jobs, many of them are well-established and able to accumulate and rely on their own revenue. What Can Leadership Learn from Broken Politics? The Brexit deal could be a crucial factor that could potentially change the European Fintech scene. (adsbygoogle = window.adsbygoogle || []).push({}); In the past few years, Lithuania has been focusing on one particular industry and is currently approaching the UK’s reputation with it’s rapidly growing numbers of Fintech startups. Lithuania was ranked at 16th place in the World Bank’s Doing Business 2018 report â strong evidence that Lithuania is an investor-friendly business environment that welcomes foreign investors. And Lithuania doesnât seem to be stopping in climbing the ladder as one of the top Fintech-friendly destinations in Europe. 3. Inside this prolific community, there is a constant exchange of insights, ideas, initiatives, and innovations. It is surrounded by Belarus to Southeast, Poland to the Southwest and Latvia to north. The corporate tax of Lithuania is only 15% and its overall tax burden is relatively smaller if compared with other EU nations. According to Invest Lithuania, there are currently 26,000 residents employed in the ICT industry, with an additional 1,600 future experts graduating every year. No special permit from government authorities is necessary in order to invest foreign capital in Lithuania. It was followed by the nation-wide cryptocurrency adoption. 2. 1 in the EU for per capita gross domestic product growth in 2016, found the Heritage Foundation. 5 reasons to invest in Lithuania. This could make them consider Lithuania, rather than the UK, as the most desirable European base for Fintech industries. Besides the pro-business investment climate, the tax policy of Lithuania is also a business-friendly tax policy. Key sectors The main sectors LIAA focuses on are woodworking, metalworking and mechanical engineering, transport and storage, information technology, green technology, health care, life sciences, and food processing. Lithuaniaâs Ignitis seeks to tap Baltic power push with planned IPO. Two characteristics that can accurately describe Lithuania’s Fintech sector are dynamism and diversity. Lithuania is a country located on the continent of Europe. This talent is also affordable, as average gross monthly wages are one eighth those of, say, Denmark. CEOWORLD magazine > The Latest > C-Suite Advisory > Why Lithuania is a Good Place to Invest in Fintech. Invest Lithuania. Invest in Latvia Everything one needs to know when investing in Latvia. Lithuania is the prime transport centre in the region connecting the EU with the East. It intend to become a "one step" comprehensive information system of Lithuania, on investment opportunities. Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. . Lithuania has everything you need to make your investment go even further: dynamic talent, a competitive, growth-oriented business environment, a strong focus on continued innovation and EU-leading infrastructure. In the race between the UK and Lithuania for a top Fintech destination, one specific factor gives Lithuania a leg up – lower costs of setting up a business. Explore pre-screened Business Investment Opportunities in Lithuania with verified contact details, valuation details and business photographs. A strong science and technology industry in Lithuania is a big factor in that ranking, which is fueled by education levels that are higher than any other country in the EU: Lithuania has a 100% literacy rate, and 94.6% of the population has a secondary degree. Publisher ''Invest in Lithuania'' is the Journal of Economic Development. It was just a matter of catching up with demand and provide the industry with a proper system. This small country is surely becoming a serious competitor for the title of Europe’s Fintech capital. Another reason to invest in Lithuania is that it is No. With an ecosystem that nurtures talent and supports growth, Lithuania is among top countries in the CEE region for innovation. Lithuania has already been promoting itself as a perfect entry-point to Europe for non-EU startups. A new video has been released to showcase Lithuania to foreign investors. Among many others, sectors like the Information and Communication Technology (ICT), Biotech, Metal Processing, Machinery and Electrical Equipment, Plastics, Furniture, Wood Processing, and paper industry, Textile and Clothing, are the key investment areas that foreign investors can tap into. A consistent stream of foreign trade and exports supports stable growth in Lithuania; With an estimated GDP of 3% by the end of year, Lithuania is set to be within the top 3 fastest growing countries in the EU So, let us get down to business straight away, and answer the question of how did Lithuania manage to accomplish this while we also discuss the deciding factors and explore this country’s Fintech scene. Lithuaniaâs strategic location and its excellent infrastructure enable investors to gain easy access to surrounding markets. And Lithuania doesn’t seem to be stopping in climbing the ladder as one of the top Fintech-friendly destinations in Europe. Invest in Lithuania Lithuania, also officially known as the Republic of Lithuania is the southernmost of the three Baltic States and is a country in Northern Europe. How to invest 41 Corporate legal entities 42 Incorporation and capital requirements 42 Management 44 Branch of foreign company 45 Representative offices 45 Mergers 45 Cross-border mergers 46 Going public 47 Insolvency proceedings 47 Legal protection proceedings 48 Insolvency proceedings of a private individual 48 Lithuania How to invest 49 That means that they provide a wide range of different business models, products, and services. Some people close their business,... Why Lithuania is a Good Place to Invest in Fintech. Invest any amount from 100 â¬. The country’s advanced regulations are one of the most important factors in creating the right kind of favorable environment for the development of Fintech companies. Here Are Different Ways To Register A Company In France, Member News with 3E Accounting International, Members Success Stories with 3E Accounting International, 3E Accounting International Press Release, Partnership Criteria in 3E Accounting International, Become A Partner with 3E Accounting International, Achieved growth among the highest in the European Union (3.5% in 2017), State-of-art transport infrastructure (with one of the most developed road networks in the region), Sound international relations (Lithuania is the member of the European Union since 2004 and NATO). However, launching a startup in London requires quite a lot of time and the startup costs can get rather high. Created: 2013.10.03 / Updated: 2013.10.16 10:16. Nordstreet is a crowdfunding platform. A small percentage of Fintechs is not looking for any kind of partnership. For those who aspire to expand further and achieve global reach for its Fintech company, London is a place to be. It offers investors a diversified economy, a skilled workforce, low corporate taxation, the best developed road network in the region and a ⦠7 reasons to invest in Lithuania. The current economic climate although troublesome (to say the least) in a larger scheme of things, provided Fintech with some opportunities to grow, evolve, and continue to make (and increase) profit. Its modern infrastructure, highly educated labour force and a strategic geographical location have made it an attractive destination to locate manufacturing and production hub. Its mission is the attraction of foreign investment. The investment incentives include tax benefits, investment guarantees and Bank Loan support, support for Research and Development Projects and structural funds. Experience management firms such as Qualtrics are swimming in data, operationally and experientially, that attests to the impact of culture... During a recent conversation with executive coach Jen Thornton on our Peernovation podcast, we talked about learning and what it... A lot of movement between companies and business has been observed during the coronavirus period. Somewhere around the year 2017, a few successful crowdfunding projects awaken the community’s interest in digital finances. The government is granting many investment incentives to encourage more foreign investment in the country. Why buy land and property in Lithuania? All investments will be granted. Invest Lithuania. Invest Lithuania provides free advice and introductions to on the ground experts to global companies interested in doing business in Lithuania. 3E accounting can guide you to start a business in Lithuania, contact us now. Lithuania â one of the fastest developing countries in the European Union. With all the benefits such as government support, advanced regulation, infrastructure that drives innovation and lower start-up costs, it is still a great place to invest in Fintech industries. In terms of FDI/Investment policy, the Lithuanian government has put in loads of efforts to attract global investors with its liberal foreign investment policies. It is surrounded by Belarus to Southeast, Poland to the Southwest and Latvia to north. A strong interest in cryptocurrency-related startups came first! Lithuanians are justly proud of their independence since the dissolution of the Soviet Union. Its official agency for Business Development and Foreign Direct Investment, Invest Lithuania, is working its part on easing the transition for many companies into Lithuania and helping them start properly. Utility looks to invest in renewables as region pursues energy independence from Russia . Why Invest in Lithuania Home to a population of 3.28 million, Lithuania has lots to offer as an investment destination. Business in Lithuania. In addition to this, Lithuania is ranked as having one of the highest qualities of life out of 190 countries across the globe. Most Educated Talent Pool in the EU Availability of Multilingual Employees World Class ICT Infrastructure Home to World Leaders in IT Easy Access to both Eastern and Western Markets Cost-Effective Business Development Location Business-Friendly Environment Special Territories for Business Development The dilemma of what came first, the Fintech-oriented policies, or an active Fintech ecosystem, is easy to resolve in the case of Lithuania. This process made the prospects of the country’s market uncertain and the full impact of the decision to leave the EU is still unclear. By prioritizing progress Lithuania has been transformed into an EU jurisdiction where Fintech products can be developed and then also scaled globally. Lithuania is a member of the Schengen area and the European Union. Invest in a Business in Lithuania and 171 countries, 950+ Industries, with profit margins up to 60% investment ranging from EUR 90 thousand - 3.6 million. With cheaper startups and unrestricted access to the entire European market, it could shift the focus of the investors away from the UK. Why Invest in Lithuania? Save. The general interest in digitalization and various online services turned into a necessity, which proved as a favorable environment for further development of Fintech companies. Wednesday, 15 January, 2020. Lithuania is the EUâs prime transport centre where the EU has recognized it. Why did it take an attack on the US Capitol for Corporate America to speak up? Lithuania's laws ensure equal treatment of foreigners and domestic investors. Lithuania is leading the region according to the report, with Estonia ranked 12th and Latvia 17th, whilst Poland failed to make the top 20. Journal is responsible for investment promotion, attraction and facilitation. In addition to running the company’s website, CEOWORLD magazine, which aims to help CEOs, CFOs, CIOs, and other C-level executives get smarter about how they earn, save and spend their money, she also sits on the Board of Directors of the Global Business Policy Institute. She can be reached on email. One thing worth mentioning about Lithuania is that it is a country with the capital city breathing Europeâs cleanest air and it has been recognized greenest among the new EU-members. As one of the European Unionâs economic recovery leaders in 2010, Lithuania managed to weather through the global economic recession. This website uses cookies. The video was developed in collaboration with current investors and it presents the country as it is perceived through their eyes. Lithuania is also ranked 10th for the added value created by new jobs from investment projects, a category which takes into account factors such as knowledge and skills transfer. INVEST IN LITHUANIA. The agency serves as a point of contact for foreign companies and guides international ⦠When it comes to funding methods, more than half of Fintechs are revenue funded. Invest in Lithuania Lithuania, also officially known as the Republic of Lithuania is the southernmost of the three Baltic States and is a country in Northern Europe. We are responsible for helping our clients to invest in forest land in Lithuania, to determine the exact market value of the forest, to analyse the return on investment in the forest over a ⦠Blessed with the unique nature with 22,000 rivers, about 3,000 lakes, a clean seaside and 4 UNESCO World Heritage masterpieces. By looking more closely into Lithuania’s Fintech sector, some interesting information and statistics are revealed. 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