Lithuania Defense Manufacturers: It is now possible for defense manufacturers to begin operations in Lithuania in as little as six months. The Lithuanian parliament has approved new legislative changes that shorten setup time from two years to six months and streamline land acquisition, construction, and territorial planning.
The changes add a new class of investment projects to the Lithuanian legal framework. Large-scale manufacturing initiatives in the defense industry can now be acknowledged as meeting urgent needs related to national security.
Investors in such projects will be able to set up operations much more quickly thanks to regulatory exemptions and streamlined procedures. Companies may, for example, begin building their facilities without a building permit and obtain one before finishing the project. Minister of Economy and Innovation Aušrinė Armonaitė states that improving the production capacity of the defense industry to ensure our defence stockpiles and continue supporting Ukraine is becoming a priority for Europe as a whole.”
The new law aligns Lithuania with the EU’s industrial policies, which support a swift expansion of the continent’s manufacturing capacity, and places it at the forefront of this change. The new regulation, which is intended to encourage the growth of large-scale defense production, strengthens Lithuania’s all-encompassing assistance program for defense firms.
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A twenty-year corporate income tax holiday is one of the tax benefits available to large-scale investment projects. When defence manufacturers set up shop in Lithuania, they will become part of a cutting-edge business community that is quickly growing.
A growing number of companies in the nation are using its industrial strengths in telecommunications, lasers, sensors, and other high-tech fields to manufacture anti-drone devices, remote initiation systems, unmanned aerial vehicles, and other state-of-the-art military products.
According to Invest Lithuania, The number of specialists working in Lithuania’s defense sector increased by 14% year on average between 2018 and 2023, which is twice as fast as the country as a whole during that time. Lithuania offers defense manufacturers a robust network of partners and experts possessing the requisite manufacturing competencies.
International investors can gain from synergies, expand their companies, and support the stability and security of Europe by working with Lithuanian manufacturers of robotics, electronics, and military technology solutions, according to Minister of Economy and Innovation, Aušrinė Armonaitė.
