Establishing a Company in Lithuania
Lithuania belongs to the 3 countries know as "The Baltics", and is located in northeastern Europe, on the southeastern shores of the Baltic Sea, which separates between Lithuania and Sweden. Lithuania shares terrestrial borders with Latvia to the north, Belarus to the east and Poland to the south, alongside a small Russian enclave named Kaliningrad. In the past, Lithuania was part of the Soviet Bloc of countries and gained independence in 1990. In 2004 Lithuania joined the European Union and the NATO Alliance, and later on it joined other leading international bodies. Despite its being a small country with a population of only 2.8 million people, Lithuania has a well-developed economy, an educated population and high standards of living, as compared both to its neighbors and to Western standards. This combination provides many advantages when establishing a company in Lithuania.
In contrast to other Soviet Bloc countries, Lithuania was part of the Soviet Union for a relatively short period of time, between 1944 – 1990. For hundreds of years beforehand, the country was either independent or a member of one of the strategic alliances that ruled the Baltic area. Lithuania's capital city is Vilnius, which is also its largest city. Lithuania maintains a successful and very impressive combination of being a well developed and progressive nation that synergistically coexists alongside the country's rich and ancient political history and cultural heritage. In terms of natural landscape, Lithuania offers a mixture of pleasant beaches and long summer days, together with spectacular forests and untamed wilderness. Culturally, the country benefits from its proximity to Europe and to Scandinavian influences, while preserving the Lithuanian people's strong Baltic and national identities.