Why is Vilnius so attractive for the development of your business?
According to the report of the Mayor and the Council of Vilnius City Government, financial technologies, biotechnologies, laser physics are the three sectors that distinguish Vilnius not only in Europe but also in the world. You can add a growing ecosystem of startups and an open data business – for this combination, international experts consider Vilnius the city of the future. Also, companies in other areas are moving their business to the capital, which is especially noticeable in recent years.
“Vilnius Tech Park”
In 2016, the Vilnius Tech Park opened the largest startup park in Vilnius in the Baltic countries. It unites more than 60 organizations: various levels of startups, technology enterprises, accelerators and venture funds.
Financial Times Rating: Vilnius – City of the Future
2018 year. The FDi Intelligence elections held by the investment advisory department of the Financial Times were a great success for Vilnius. It has become the most awarded city in all of Europe and the seventh best mid-sized city in the world of the future. The 6th place in the world ranking was taken by Vilnius Business Friendly. The capital is also among the top ten cities in the world in terms of economic potential, human resources and quality of life.
Center for Life Sciences, Laser Technology and Fintech
In Vilnius, 3/4 of the entire Lithuanian life science sector lives. This sector is growing at 25% every year and is the fastest growing in Europe. The world famous Lithuanian laser industry is concentrated exclusively in the capital – there are 39 out of 40 companies in this sector. 2018 is considered a breakthrough in the Fintech area in Vilnius, with dozens of companies growing every year.
Take advantage of open data
Vilnius is the capital of open data. In Europe there is no other city that would implement the open data policy so radically. This is evidenced by many cities, but only in Vilnius did this policy be implemented consistently for three consecutive years. Open data is a prerequisite for the development of innovative solutions.
The boom in new hotels
2018 alone The following new hotels opened in Vilnius: Pacai, Courtyard by Marriott Vilnius City Center, Vilnius, ibis Vilnius Center, Loop Hotel. And in the near future they will be joined by two Hilton and Radisson Red hotels. Currently, the capital offers 5450 rooms.
For the fifth year in a row, the awards of the Service Center in Central and Eastern Europe in Warsaw recognized Vilnius as the most dynamically developing service center in the region.
Foreign business already creates a third of all jobs in Vilnius
They talk about the confidence of foreigners in the stability of Vilnius and the number of jobs created. According to Sodra and Lithuanian statistics, during 2018 the number of people working in foreign enterprises increased by 3 thousand and exceeded 100 thousand. It accounts for about a third of all workers in Vilnius.
New names in the business world speak for themselves
In the past few years, Booking.com, Moody’s, Yara, Arctic Adventures and other multinationals have chosen Vilnius to expand their business.
The EUROMIG project will help to integrate into the business environment of Vilnius. For advice, you can contact our managers at info@euromig.com
Our company offers immigration services to Europe, specializing in business immigration (Business Investor Residence Permit) and work immigration services. We also provide accounting services and assist with limited company (Ltd) registration. With the assistance of EUROMIG consultants, you can purchase ready-made new limited companies (shelf companies), buy or sell companies or active businesses, and acquire ready-made businesses, among other services.
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