Klaipeda FEZ benefits

Benefits

Let's talk

Lithuania is ranked #1 the most attractive location for manufacturers in Europe and #2 in the world by Manufacturing Risk Index 2018. And Klaipeda FEZ is the hub of Lithuanian manufacturing.

Klaipeda FEZ is the right choice for companies looking for a location that gives all the services and infrastructure you need to boost your production in the EU.

Our results speak for themselves. 83% of our existing clients have exceeded their growth plans within first 2 years, while 50% of our clients have significantly expanded their sites and facilities over the last 5 years.

We offer a wow location with sites that come with a ready to use infrastructure. And because our FEZ is located at the heart of Europe and close to the EU’s northernmost ice-free port, you have easy access to the EU, Scandinavia and Eurasian Customs markets.

Our philosophy at Klaipeda FEZ is simple: we get things done.

Need further evidence?

  • Based on the FDI Magazine’s Global Free Zones of the Year 2017 ranking, in 2017, Klaipeda FEZ was awarded with the first ever and only Quick Launch Award.
  • In 2018, the Cushman & Wakefield’s Manufacturing Risk Index report ranked Lithuania as #1 country in the EU and one of the world’s most attractive countries for manufacturing and engineering companies..
  • We offer the best location of reduced tax rates for doing business with Scandinavia and the EU.

Fast launch & accelerated growth

Fast launch & accelerated growth

fDi Magazine voted us the No1 free economic zone in the world for fast launch at the Global Free Economic Zones Awards 2017 [by Financial Times]. Want to know why?
We can provide customized products for your company that can have your operations up and running as fast as within 3 days of your initial enquiry. Our tailored solutions include:

  • the option of providing your business site or premises with a ready to use infrastructure;
  • hands on assistance to help you set up and achieve the softest landing possible;
  • connecting you with the best business partners to help you build your business;
  • ongoing client care services throughout your business journey at Klaipeda FEZ;
  • not to mention an attractive neighborhood of diverse business community and 100+ global business suppliers.

This gives you more time to concentrate on your business growth. And that’s not just all talk. 83% of our existing clients exceed their growth plans within first 2 years, while 50% of our clients have significantly expanded their sites and facilities over the last 5 years.

1

Rapid access to EU, Scandinavia Customs markets

Rapid access to EU, Scandinavia Customs markets

Lithuania is ranked #1 most attractive location for manufacturers in Europe and #2 in the world by Manufacturing Risk Index 2018 by Cushman & Wakefield. And Klaipeda FEZ is the hub of Lithuanian Manufacturing contributes to 3-5% of national exports. We can give your business the access to markets it needs to develop and expand. We are:

  • adjacent to the most Northern ice free port in the EU;
  • Our roads are ranked #1 n CEE for quality by WEF in the Global Competitiveness Report 2017-2018. It only takes 1 day to deliver cargo to Scandinavia and up to 3 days to any EU country;
  • connected directly by rail to Klaipeda port- giving ease of access to Latvia, Poland, Germany, Kazakhstan;
  • within a 30min drive to Palanga International Airport – with 1-2hrs access to major business destinations like London, Copenhagen, Oslo, Glasgow, Warsaw, and Riga.
2

Highly skilled talent pool

Highly skilled talent pool

Klaipeda region has the right kind of talent to help your business grow.

It’s simple. Klaipeda has the talent and the knowledge to make it happen:

  • We are a city of the young & the talented – 45% of our population is below 40 years old.
  • A labour pool of 160,100 with at least 15,000 annual pipeline of university and college graduates.
  • Nearly 20% of the working population employed in manufacturing, 13% in transport & logistics.

The right knowledge. Klaipeda’s higher education institutions specialize in maritime, mechanical engineering, metal processing, logistics, food technologies and international business education.

Low saturation. Foreign companies are the most desirable employers in Lithuania, but the ratio of jobs created by foreign companies in Klaipeda is still X per 1000 employees. This means the employment market is years away from saturation.

3

High precision manufacturing

High precision manufacturing

Our location gives you the quality you need at the costs you want. At Klaipeda FEZ you’ll find precision, quality and productivity, combined with competitive utility costs. The right ingredients for accelerated and sustainable manufacturing growth.

  • World leading companies based at Klaipeda FEZ, i.e. Indorama VenturesPhilip Morris International are annual Performance, Quality and Efficiency Excellence award winners amongst their global peers within the industry.
  • Productivity of labor force is growing 3 times faster than EU average – 4.4 in comparison to Germany 0.7 and EU average 1.5 in 2017 
4

Optimised business costs

Optimised business costs

At Klaipeda FEZ you can set up for less, and enjoy a healthy raft of financial incentives that will help you grow your bottom line. Here’s what’s on offer:

Tax incentives:

  • 0% Corporate income tax for 10 years followed by 7.5% for 6 years after. The minimum qualifying investments are 1M Eur for manufacturing operations and 100,000 Eur with 20 employees for business service companies.
  • 0% real estate tax

Access to EU and national business support grants that cover:

  • 50-70% of industrial research and experimental development activities
  • 50-70% of employee training

Other favourable tax conditions:

  • Entities involved in an investment project are able to reduce their taxable profits by up to 50% of the  acquisition costs of long-term assets as long as they meet certain requirements.
  • Expenses incurred for R&D purposes can be deducted three times in the tax period when they are incurred
5

It's easy as one two three. Thanks to Klaipeda FEZ team support, running a business here means I have more time to focus on my employees and production quality.

Viktorija Jureviciute
General Manager at Retal Baltic

Klaipeda FEZ offers the perfect combination of location, infrastructure, services, and know how. We applaud the Klaipeda FEZ team for their help and assistance setting up the necessary permits and paperwork and other services

Jacob Huibert Dane
CEO at Fabrication Focus Group

We were one of the first companies to offer newly built commercial and industrial premises for lease in Lithuania. Based in Klaipeda FEZ, we work together to create a real sense of community here.

James Andrew Clarke
Managing Director at BNTP

With its ready-to-use infrastructure and great location, we see many opportunities for developing our business in Klaipeda FEZ. That is why we are already in our third expansion at Klaipeda FEZ

Tomas Rauckis
CEO Ad Rem LEZ

Klaipeda FEZ team is a one stop shop in all stages of investment and expansion. Let’s appoint a visit, e-consulting or a call.

Request consulting