Lithuania Approves New Incentive for Large Investment Projects

Lithuania has approved a new incentive for large investment projects in any area of Lithuania. The incentive provides a corporate income tax exemption for up to 20 years for resident and non-resident entities making qualifying investments, provided that the following conditions are met:

• The investment amount is at least EUR 20 million, or EUR 30 million if investing in Vilnius;
• At least 150 new jobs are created, or 200 new jobs if investing in Vilnius; and
• At least 75% of the entity's reven…