The Parliament of Lithuania has approved a new incentive for large investment projects in any area of Lithuania.
The new package of laws offers tax incentives and cuts the red-tape. Large-scale investment project that meets the requirements of investing at least €20 million CAPEX (€30 million when investing in Vilnius) and creating at least 150 new full-time jobs (200 when investing in Vilnius) in manufacturing or data processing, internet server hosting services will enjoy 0% corporate income tax for up to 20 years.