Technology in Lithuania

The best new home for your tech

YOUNG, GOAL DRIVEN & RELIABLE IT POOL POOL GROWTH –
UNIVERSITIES AND
PRIVATE ACADEMIES
31,500 18,100
IT specialists in Lithuania software developers 10,600
Research and Higher Education Monitoring Stack Overflow, 2017
and Analysis Centre, 2018 IT students 2017-2018
Ministry of Education and Science, 2018-2019

1st in EU 85% 4,500

55% of population with Proficiency in English among
higher education young professionals IT graduates and junior developers
Eurostat, 2018 (age group 25-34) Invest Lithuania’s estimation based on Population retrained by private academies in 2018
Census (2011) Ministry of Education and Science, 2017 – 2018 / Infobalt, 2018

OUTSTANDING QUALITY TO PRICE RATIO BUSINESS

AVERAGE TOTAL COST OF EMPLOYMENT, € INCENTIVES FOR
101,400€
YOUR INNOVATION
88,122€ 82,080€

81,120€
77,120€ 75,740€ R&D OPERATIONS GRANT

52,800€
49,780€
42,000€
Typical reimbursement
50%

Grant amount
3 M EUR
Vilnius London Copenhagen Vilnius London Copenhagen Vilnius London Copenhagen
Eligible costs
Contractual research, materials,
Senior JAVA developer DevOps engineer Senior business analyst supplies, personnel costs, patent
Vilnius - Invest Lithuania, 2019 / London, Copenhagen - Glassdoor, 2019
purchase, long-term asset
depreciation

SOME OF THE MOST POPULAR PROGRAMMING

LANGUAGES IN LITHUANIA
TAX INCENTIVES

JavaScript
PHP
Python
5% 3x
Swift
Java Corporate R&D cost
profit tax deduction
C# (Patent Box)
C++

ALREADY CHOSEN BY

Global brands with IT development & product research units: Fintech: Blockchain: Artificial Intelligence:
Lithuania is your business next location

TEST AND PILOT YOUR NEW PRODUCTS

Fintech Sandbox Blockchain Sandbox Open Banking Sandbox Energy Sandbox Proptech Sandbox
Launched by the Bank of Launched by Bank of Launched by commercial Launched by Energy Launched by Lithuanian
Lithuania to provide a Lithuania to enable banks to allow third Solutions Centre for Real Estate Development
regulatory environment companies to test financial parties to innovate new companies to test Association to allow
for testing innovative products under the solutions by accessing innovative energy solutions companies to test their
solutions. guidance of regulators. bank accounts. in the distribution network. technology in the
Real Estate industry.

JOIN A GROWING ECOSYSTEM GLOBALLY RANKED PLAYER

#14 evaluated
out of 190 countries
170 5x 22+
Ease of doing business
total # of Fintechs increase in number innovative World Bank, 2018
in Lithuania of startups over the co-working
last 5 years spaces

#26 evaluated
Enterprise Lithuania, 2018
out of 82 countries

7 20+ Technological Readiness Ranking

The Economist Intelligence Unit, 2018
active private incubators
equity VCs and accelerators

#4 evaluated
Startup Lithuania, 2019 out out of 128 countries

The biggest ICT startup hub in the Baltics and National Cybersecurity Index
World Economic Forum, 2018
Nordics, uniting international startups, tech
companies, VCs, accelerators, incubators and
other ecosystem players
EFFORTLESS MIGRATION PROCESS
ROCKIT is the prime space in Lithuania where Startup Visa
top FinTech innovators, creators, and founders Streamlined entry process to the Lithuanian
are building the future of Financial Technologies. startup ecosystem for innovative non-EU
entrepreneurs.

It’s the first blockchain technology center in EU Blue Card

the region connecting key stakeholders in 1-month fast-track process to bring highly
Asia, Australia, and Europe. A state-of-the-art skilled non-EU IT specialists.
co-working and shared office space for
blockchain start-ups, BC Vilnius joins Eligibility:
Melbourne and Shanghai to incubate and - 1.5x average Lithuanian gross salary
accelerate blockchain start-ups. - University/college diploma or 5 years of relevant
work experience

CONTACT US:
Invest Lithuania is the official agency for Foreign Direct
Investment and Business Development.
We‘ll partner with you to get your business set up and off to the
best start possible:

DECISION-MAKING BUSINESS BUSINESS

ESTABLISHMENT DEVELOPMENT KRISTINA ZIMBLYTĖ
Senior Investment Advisor | Technology
- Tailored in-depth market and - Intros and meetings with key - Assistance with one-off
industry insights market players and relevant problems +370 618 62755
- Advice on business costs governmental institutions - Lobbying for greater [email protected]
- Information concerning the local - Sourcing of governmental governmental support
labour and legal framework financial support
investlithuania.com