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The Kaunas Free Economic Zone (Kaunas FEZ) is a site of about 1000 hectares located in Kaunas, the second biggest Lithuanian city, and is planned to become one of the largest free economic zones in the Baltic Sea Region.
Favourable tax regime
Investment of at least one million EUR entitles the lessee to a corporate profit tax holiday for 6 taxable periods.
Investment of at least one million EUR entitles the lessee to a profit tax tariff reduction of 50 % for the additional 10 taxable periods (at present this result in an average taxation rate of 7,50 % for the first 16 years of operation).
Dividends received by the investors from the activities in the FEZ are not subject to withholding tax and can be freely remitted to parent companies located abroad.
Other benefits: no custom duties, simplified customs procedures; no VAT or excise taxes; no real estate taxes, no foreign exchange restrictions.
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