When you are interested in doing business in Vilnius, it is very important to identify the best industries for new business to start. At the very beginning you might face many questions on what is the best business to start in Lithuania or what is good business to have in Lithuania. Therefore, our team is always ready to give you some good advice on what is the best business to buy and how to start the business in Vilnius, what are the business opportunities in one or another sector.
Especially Vilnius is full of business opportunities if you want to open business in manufacturing or providing some kind of service. Vilnius is attractive due to high-skilled employees and business environment for small business to very big companies. Some of the most valuable sectors for starting your business in:
Information and communication technology sector. This sector is one ot the highly prioritised and most promising in Lithuania. The fastest public Wi-Fi in Europe, well developed modern technologies (like 4G mobile communications infrastructure) and the greatest fibre-optic (FFTH) Internet network penetration in Europe Vilnius and all the country very attractive for the foreign investments.
Engineering industry. Industry is highly competitive in cost and quality. Production supplied by Lithuanian engineers are distributed to many big international companies like NASA, Boeing, BMW, Siemens, etc. The sector grows by 15% every year since 2009.
Biotechnology. The researches in this field are executed in Lithuania and the well developed production is applied in the fields of medicine, chemistry, pharmacy, agriculture, etc. Most of the production is exported (approximately 80% of the created production) to more than 70 countries. The sector grows by 20% every year.
Laser technologies. Lithuanian production accounts for more than half of the global market of picosecond laser speedometers. Nearly 100 countries are importing more than 80% of Lithuanian laser production. The sector grows by 15% every year.
Renewable energy. Sector became increasingly important for Lithuania‘s export, especially clean technology industry. The potential of this field is strenghtened by the world-class achievements in electronics and increasing interest of businesses.
To the above mentioned technological industry sectors, there are lots of other business opportunities in Vilnius – like tourism, hospitality industry, restaurants, coffee shops. Garment, beauty and jewelery businesses will also find the client. Even though that Vilnius has many visitors – from travelers to business people during the whole year, there are still much space to grow for the tourism sector and new businesses generally.
So, if you are looking for new markets for the company registration and you are interested in how to start business in Vilnius, our team is ready to answer all your questions about the company formation in Vilnius or any other city in Lithuania. Moreover, we accordingly may offer you to buy a company from a wide range alternatives – from the newly established company (with your prefered company name and all the necessary documents) to the already established businesses (i.e. with no business running, with the running business in the past or a currently running business for sale).