More and more entrepreneurs choose the Baltics to conduct their business. And not by chance! Demire Inc would like to highlight the main advantages of doing business in Lithuania, Latvia, and Estonia.
- Country is attractive to foreign investors due to the ease of registration for non-residents of the country;
- Income tax is 5% (0% first tax year) for companies with less than ten employees and an annual gross income of less than 300,000 EUR (subject to certain conditions);
- Possibilities of VAT refund;
- Standard tax – 15%;
- Possibility of obtaining an E-residency card and online business management;
- Loyal system of banks;
- Minimum number of tax audits;
- Opportunity to enter the global EU market;
- Well-developed infrastructure;
- Ability to communicate in 3 languages: Lithuanian, English, and Russian;
- Founders and board members can be non-EU residents;
- One of the fastest Internets in Europe;
- Possibility of opening a Start-up Visa for a period of 3 years. There are no savings requirements;
- Opportunity to obtain a national VISA class D for the first year and then a TRP for 2 years with the possibility of renewal;
- Possibility of crypto-authorization;?
- Economic benefits for technology investors;?
- Opportunity not to employ director/members for a small company and pay taxes from wages in country of residence based on civil agreement.
- Tax relief for start-up: 0% corporate income tax;
- Real estate acquisition tax: owners of housing worth up to 150,000 euros do not need to pay tax. A tax of 0.5%-2% is levied on that part of the value of houses and apartments that exceeds 150,000 euros.
- No restrictions for foreign investors;
- Available labor force;
- Income tax – 0%;
- Standard tax for micro-enterprises – 15% on income;
- Low administrative costs;
- Ability to communicate in 3 languages: Latvian, English, and Russian;
- Opportunity to enter the global EU market;
- Easy way to register a business;
- Founders and board members can be non-EU residents;?
- Possibility of opening a Start-up Visa for a period of 3 years. Financial requirements: savings of EUR 5 160 for 1 year;
- Opportunity to obtain a national VISA class D for the first year and then a TRP for 1 year with the possibility of renewal;?
- Possibility of obtaining an E-residency card and online business management;
- Tax relief for start-up: 0% personal income tax (to employees);
- Possibility of crypto-authorization;?
- Economic benefits for technology investors;?
- Possibilities of VAT refund;
- Real estate acquisition tax: the local government on whose territory a residential property is located has the right to set a tax rate in the range from 0.2% to 0.6% of its cadastral value: 0.2% - if the cadastral value of a house or apartment does not exceed 57,000 euros, 0.4% - if it is in the range of 57,000-107,000 euros and 0.6% - if the cadastral value of housing is above 107,000 euros.
- Possibility of obtaining an E-residency card and online business management;
- Income tax – 0%;
- Opportunity to obtain an annual and then a three-year business visa;
- Easy way to register a business;
- Opportunity to enter the global EU market;?
- Possibilities of VAT refund;
- Ability to communicate in 3 languages: Estonian, English, and Russian;
- Possibility of crypto-authorization;?
- Opportunity to obtain a national VISA class D for the first year and then a TRP for 2 years with the possibility of renewal;
- The founders and board members can be non-EU residents;
- Economic benefits for technology investors;
- Possibility of opening a Start-up Visa for a period of 1.5 years. There are no savings requirements;
- Tax relief for start-up: 0% personal income tax;?
- Zero real estate acquisition tax.
The Baltic region is one of the most cost-effective for business registration. We've provided a brief on the benefits of doing business in each country for you to read. Which country is the most attractive for your type of activities depends on the structure and focus of your company because it has a lot of nuances.
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