LOCATION FOR EUROPEAN EXPANSION Eimantas Kiudulas Managing Director, Klaipeda FEZ Management Company www.fez.lt
Markets, served by existing Klaipeda FEZ companies • Daily ferries to Sweden and Germany: • Sweden – overnight; • Germany – 20 hours.
FACTS & FIGURES • Opened 2002. • Total area of 412 ha; • Investments € 600m+ 62 companies from 14 countries • 2.8 % total Lithuania GDP • 5.2 % total Lithuania export • Private – Public partnership • Economic project of national significance
Success story SUPPORT IN EVERY STEP Aftercare Implementation Contract Business model Introduction
COST- EFFECTIVE BUSINESS 70% DEVELOPMENT LOCATION Cover up to of your investments TAX INCENTIVES IN KLAIPEDA FEZ 0% Corporate tax: Real estate tax: Tax on dividends paid to foreign investors: Corporate tax rate 0% for 6 years, half rate - next 10 years (7.5%). Tax incentive calculator online: http://www.fez.lt/calculator
COST- EFFECTIVE BUSINESS DEVELOPMENT LOCATION EU FUNDING & SUBSIDIES • “Invest in Lithuania” provides subsidies for investment project up to 10% of investment value • ES structural fund support 2014 -2020 period - € 6 709,3mln. – € 531,6 mln. Small & medium size businesses – € 678,9 mln. Innovations –€ 728,6 mln. Employment stimulation
COST- EFFECTIVE BUSINESS DEVELOPMENT LOCATION FREE CUSTOMS ZONE • Zone outside EU’s customs territory. • Goods placed within these areas are free of import duties, VAT and other import charges. • Time and money can be saved when buying from or delivering to non-Community countries. • Only one in Lithuania.
KLAIPEDA FEZ OPTIONS Site selection with proposed utility connection points and needed documentation Allows the client to design and customize a new Project technical design, cost estimation, planning facility to meet unique space needs without the and implementation from one hand. large up-front capital expenditure.
11550 m 2 8125 m 2 4280 m 2
Company Lindström Country Finland Started 2007 Headcount 40
720 m 2 1440 m 2
3 km to the Seaport
FEZ community advantages Area administration, maintenance, security and surveillance services Fire depot and rescue services operating within the territory Well-developed recreational infrastructure: a tennis court, football pitch and basketball court Klaipeda City public transport
Recent cases P.IN.S Medical Origin Norway Norway Sweden Italy Metal products Activity Metal products Industrial sewing Medical devices for Oil & Gas Markets Norway, UK Norway Sweden Scandinavia, CIS
KLAIPEDA HISOTRY & CULTURE RICH CITY • Established in 1253 • 3 rd largest & oldest city in Lithuania • 1 st Industrial location on the eastern Baltic’s • 1 st FEZ on the eastern Baltic’s • 3 Universities, 5 colleges • Klaipeda University (LT) • LCC International University (CAN) • Edinburgh Napier University (UK) • Science & Technology Park • 86 hotels in the region • 7 theaters, including a musical theater, • 30 traditional festivals
THANK YOU! Eimantas Kiudulas Managing Director Klaipeda Free Economic Zone Pramonės g. 8, LT - 94102 Klaipėda Tel. +370 46 235 719 Fax. +370 46 400 014 Gsm.: +370 698 08144 eimantas@fez.lt www.fez.lt
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