🇱🇹

Lithuania

Recommended for

Strengths

Advanced Financial System

Tight integration with the EU and global banking systems, making it easy for fintech companies to innovate in payments, transactions, and other financial services.

Fully Digitized Goverment Services

All services are digitized enabling you to easily manage your business, incorporate, and do everything online without needing assistance.

Progressive Government Policy

You can potentially start pilot programs in both public and private education and healthcare institutions, and innovative solutions are generally desired.

Availability of Funding

Lithuanian startups have received €200M in funding in 2019, and interest is growing from investors, venture capitalists, and corporations as the ecosystem gains in momentum.

Streamlined Immigration Process

It is easier than ever to move immigrate to Lithuania, whether you're a founder through the Startup Visa or looking to bring in employees from abroad.

Starting Up

Starting up in Lithuania costs less than € 500 to incorporate and can be done online. Hiring costs around € 1,400 per employee.
Incorporation
€ 100
Employee
€ 1,400
Employee Tax
20%
Corporate Tax
15%
Estimated Monthly Costs of Starting up
Developer
?
Designer
?
Marketer
?
Sales Person
?
Business Development
?
Account Manager
?
Customer Service
?
Office Manager
?
Lawyer
?
Accountant
?
Utilities
-
Office Space
?
Home Rent
?
Groceries
?

Ecosystem

Lithuania's startup ecosystem is ranked 15th globally by Startup Blink in their ranking of global ecosystems.
Rank
15
Startups
1000+
Founders
-
Employees
8500+
Startups in Ecosystem by Industry
Enterprise Software
176
Health & Welness
81
Ads and Creative
118
Clean & Energy
53
Finance
123
Education
40
Consumer
96
Transport & Logistics
56
Travel & Tourism
33
Communication
39
Gaming
35
Food & Agriculture
27
Real Estate
27
Manufacturing
19
Cyber Security
46
Space, Deep Tech & AI
23

Founders

According to Female Founders Monitor 2019, our proportion of female founders is similar to Germany (15%), Silicon Valley (16%), London (15%) and Singapore (12%).
Immigrants
18%
Women
15%
Avg. Age
37
Degrees
59%
Founder Nationality Distribution
Lithuania
-
Russia
-
India
-
Nigeria
-
China
-
Pakistan
-
Turkey
-
Iran
-
Ukraine
-
Morocco
-
Egypt
-
United States
-
Latvia
-
United Kindgom
-
Italy
-
Other
-

Startup Employees

Total
8500+
Remote
-
% of New Jobs
-
Women
-
Employee Function Count
Developers
?
Lawyers
?
Designers
?
Accountants
-
Marketers
?
-
-
Sales People
?
-
-
Business Development
?
-
-
Account Managers
?
-
-
Customer Service
?
-
-
Office Managers
?
-
-

Startup Revenue

2019
€ 394M
2018
€ 357M
2017
€ 105M
Revenue by Sector (in €)
Enterprise Software
106M
Health & Welness
?
Ads and Creative
65M
Clean & Energy
23M
Finance
46.8M
Education
5.4M
Consumer
5.3M
Transport & Logistics
26.1M
Travel & Tourism
3M
Communication
4.2M
Gaming
35.5M
Food & Agriculture
5.3M
Real Estate
1.1M
Manufacturing
3.9M
Cyber Security
31M
Space, Deep Tech & AI
65M

Venture Capital

2019 Funding
€ 171M
Deals
60
Avg. Deal Size
€ 2.85M
2019 Funds Raised by Sector (in €)
Enterprise Software
9M
Health & Welness
?
Ads and Creative
12.3M
Clean & Energy
14.7M
Finance
9.6M
Education
?
Consumer
?
Transport & Logistics
4M
Travel & Tourism
?
Communication
?
Gaming
1.8M
Food & Agriculture
?
Real Estate
?
Manufacturing
?
Space
?
Deep Tech & AI
?

Startup Visa

Applicants
2000+
Accepted
370+
Success Rate
18.5%
Startup Visa Applications by Country
Lithuania
3733
Russia
?
India
?
Nigeria
?
China
?
Pakistan
?
Turkey
?
Iran
?
Ukraine
?
Morocco
?
Egypt
?
United States
?
Latvia
?
United Kindgom
?
Italy
?
Other
242

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