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Kaunas Free Economic Zone (KFEZ, www.ftez.lt) is 5,000 ha site located just 7 km from Kaunas.
It is located on the intersection of Via Baltica, Warsaw - Helsinki road and Vilnius - highway, which also links Klaipëda sea port with Russia and Ukraine.A company, which is operating in Kaunas FEZ, is paying 80% of reduced rate of income tax for the period of 5 years and the 50% reduced rate of income tax for the next 5 years. In case of more than 1 mln. $ investment, company which has 30% of foreign investment in authorized capital receive 5 years of profit tax exemption and 50% reduction for the following 5 years. The economic entities operating in Kaunas FEZ are also subject to road, real estate and VAT tax exemptions.
Main benefits:
- Considerable tax incentives;
- Excellent geographic location and high quality road and railroad connections;
- Bordering Kaunas Airport;
- Close to Ice-free Klaipeda seaport;
- Stable and constantly growing Lithuanian economy;
- Highly skilled and inexpensive workforce;
- Well developed infrastructure;
- Non significant cultural and linguistic barrier;
- Good investment climate;
- Safety of your business in the FEZ;
Information source: www.kaunas.aps.lt and www.krda.lt
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