Kaunas Free Economic Zone
The Kaunas Free Economic Zone (FEZ) is a free economic zone near Kaunas, Lithuania. It is a 534 hectare industrial development area which offers favorable and smaller taxes for the investors that invest at least 1 million euros. The investors are mostly foreign companies, as more than 70% of total investments in Kaunas FEZ are Foreign Direct Investments (FDI).[1]
The Kaunas Free Economic zone was established on 22 October 1996 in Kaunas district, near the motorways A6 and A1.
Areas
Area of Kaunas FEZ has three parts: Production and Logistics Area, Business Street and Airpark.
The Productions and Logistics Area is the largest territory of Kaunas FEZ parts. Investments for the green field take the biggest part of this territory.
The Production and Logistics area is used by logistics terminals, pharmaceutical company, foam Production Company with Finnish origins and high technology industry Automation Company.
The Business Street is a part dedicated for future business centres within the Kaunas FEZ at Road A6. It is planned to build 13 different land plots for offices and hotels. Most of these land plots have detailed plans and modern infrastructure. This territory is going to have the easy access, well-situated parking system and well-developed office premises.
The third and the last part of Kaunas FEZ is The Airpark. The territory has nearly 3-kilometer-long border with the territory of Kaunas Airport enabling direct access to aircraft and eliminating custom clearance procedures. The Airpark territory has three different road types inside: air, car and railway roads. Airline depots, various aviation industries such as testing, sales and aircraft assembly or aircraft service companies can easily establish themselves inside the FEZ and use runway, tax incentives or other offered privileges.
Tax incentives
| Tax | General | In LEZ |
|---|---|---|
| Corporation tax | 15% | 0% (first 6 years) 7,5% (following 10 years) |
| Property tax | 1% | 0% |
| Dividends tax (for foreign investors | 15% | 0% |
References
External links
Coordinates: 54°56′23″N 24°00′41″E / 54.93972°N 24.01139°E