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Get to Know About Lithuania
Lithuania is a country in the Baltic region of Northern Europe. Same as other Baltic states, it is classified as a high-income economy by the World Bank and maintains a very high Human Development Index. It covers a land area of 65,300 square kilometers with a population of 2,791,903 Lithuanians. The capital and largest city in the country is Vilnius. Though Lithuania is part of the European Union and Schengen Area, its state language is Lithuanian so foreigners like English native speakers will find it hard to converse with its citizens. If you come from a European country, then you are lucky as the Euro is their currency. It has four distinct seasons: summer, autumn, winter, and spring.
The Gross Domestic Product (GDP) in Lithuania is worth 54 billion US dollars. Its GDP per capita is $19,748. It does show that its economy moves upward as companies enjoy the current Corporate Tax Rate in the country, which is 15 percent.
Doing business in Lithuania is easy. Actually, in 2018, the World Bank Group ranked it as the 14th in the world by the Ease of Doing Business Index. Nationals from the EU and the Schengen Area can enter the country without a visa. On the other hand, third nationals should apply for a travel visa.
It is not new for foreigners to encounter challenges when visiting a new country. In Lithuania, these are the language barrier and weather conditions. Visiting, working and residing in the country requires you to know at least the basics of the language and you need to adapt to the climate as well.