State Financial Incentives

Lithuania offers a business friendly environment as its Government is very active in supporting companies establishing in Lithuania, i.e. Investment and Business Guarantees, INVEGA, a company established by the state, provides guarantees on bank and credit union loans as well as administering loan interest subsidies for small and medium-sized enterprises (SMEs) in need of business financing (for more information on INVEGA and investment guarantees and bank loan support please visit www.invega.lt)

Foreign investors interested in locating a business in Lithuania may apply for EU Structural Funds. Total allocation of EU structural assistance for Lithuania for the period 2007-2013, provided from the European Social Fund, European Regional Development Fund and Cohesion fund, amounts more than 6,7 billion Euro. This equals to an additional annual state budget. Multinationals such as Barclays, Western Union, Ideal Invent Technologies have already benefited from EU structural support when settling down in Lithuania. Source: EU structural assistance to Lithuania, www.esparama.lt