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Lithuania

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Lithuania Approves New Incentive for Large Investment Projects

Lithuania has approved a new incentive for large investment projects in any area of Lithuania. The incentive provides a corporate income tax exemption for up to 20 years for resident and non-resident entities making qualifying investments, provided that the following conditions are met:

  • The investment amount is at least EUR 20 million, or EUR 30 million if investing in Vilnius;
  • At least 150 new jobs are created, or 200 new jobs if investing in Vilnius; and
  • At least 75% of the entity's revenue is derived from:
    • manufacturing;
    • data processing; or
    • internet server hosting or similar services.

Further, the investing entity must sign a contract with the Lithuanian government that grants the investment project the status of "national significance", which provides expedited and simplified procedures for the project.

The incentive is effective from 1 January 2021.

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