Wednesday, June 29, 2022
  • Contact
  • Contribute
  • News
  • Authors
No Result
View All Result
National Headlines
  • Business
  • Finance
  • Politics
  • Science
  • Sports
  • Technology
  • Business
  • Finance
  • Politics
  • Science
  • Sports
  • Technology
No Result
View All Result
National Headlines
No Result
View All Result
Home Finance

Why is Lithuania so good for FinTech business?

by Kenneth Booker
05/11/2020
3 min read
Why is Lithuania so good for FinTech business?
0
SHARES
48
VIEWS
Share on FacebookShare on Twitter

FinTech is an extremely quickly growing, modern way of operating in the financial sphere. More and more companies and business people are starting to reinvent themselves in this field. Whilst looking for the right environment to evolve and expand in this industry, companies can look long and hard before finding the right one. And when they find the one, some things should not be forgotten. The laws and rules, no matter how easy they could be, should never be ignored, so the wise choice of the corporate law firm will help tremendously. With all factors carefully inspected, Lithuania could be the right answer for any business that wants to grow efficiently in the field of FinTech.

Government

First and foremost, it is vital to mention that the Lithuanian government is extremely favorable when it comes to the FinTech field. The beginning of the rapid growth of businesses in Lithuania could be traced back to 2016 when the Ministry of Finances and Bank of Lithuania sat down and agreed on allowing the new FinTech businesses the access to the SEPA (Single Euro Payments Area) using the platform CENTROlink which was developed by the latter one.

Another example of the flexibility can be the development of the regulatory sandbox which helps to test out the new product and financial solutions. Nevertheless, flexibility and friendly regulations could not be used efficiently without the help of the right corporate law firm. It could get a bit tricky from time to time but the right partner will help with keeping the FinTech business on the right track whilst acquiring the necessary documents and so on.

Eager talent pool and great quality to cost ratio

Lithuania could be one of the better places to grow a business, especially a FinTech one. The quality to cost ratio in this country is amazing. In comparison to countries such as the UK or Germany has a base salary that is much more employer-friendly.

To add, the talent pool is also great. There are higher numbers of well-educated, eager professionals who are ready to dive into the FinTech world. For some companies that are stepping into Lithuania for the first time, the Human resourcing could be a challenge. A corporate law firm can help with this and will be a great partner in dealing with the law matters. This will the company an amazing opportunity to focus on growing the business and developing in the FinTech sector.

Working here can be even easier

Lithuania can be a great place to work and grow. That already was mentioned. But there is another perk whilst operating a FinTech business in this country. The means of working easier are:

  • Easy migration. Highly skilled non-EU citizens can easily acquire the right to work and live in Lithuania. And even bring their families with them. That will broaden the horizons whilst looking for eager employees even more.
  • Multidisciplinary local talent pool. Lithuania is packed with professionals who are ready to help your business grow. There are more than 38,000 ICT specialists here, and 85% of them are English proficient.
  • High numbers of people with university degrees. Lithuania is ranked third in the EU by the number of people with higher education.

These numbers and facts clearly show that Lithuania is an amazing place, that is quickly developing and is ready for some more serious growth.

To sum up, Lithuania can be a great place to grow the business, but some very important points should not be forgotten. The right corporate law firm can make that even easier and more effortless so the business can flourish and evolve without any unnecessary headache or worries.

ShareTweetShareShare

Related Posts

11 Best Crypto Exchanges and Apps of 2022
Finance

11 Best Crypto Exchanges and Apps of 2022

23/06/2022
In-Depth Review 2022: T4Trade
Finance

In-Depth Review 2022: T4Trade

11/05/2022
In-depth Review: IronFX
Finance

In-depth Review: IronFX

29/04/2022
What is an Insurance Cover Note?
Finance

What is an Insurance Cover Note?

15/03/2022
IronFX Review & Rating 2022 – Is it a Reliable Forex Broker or Scam?
Finance

IronFX Review & Rating 2022 – Is it a Reliable Forex Broker or Scam?

09/03/2022
6 ways to get cheap life insurance quotes
Finance

6 ways to get cheap life insurance quotes

28/02/2022
No Result
View All Result

Looking for writing opportunities

Get in touch to find out more.

Start Writing

Topics

  • Automotive
  • Business
  • Education
  • Employment
  • Entertainment
  • Finance
  • Healthcare
  • Legal
  • Lifestyle
  • Politics
  • Property
  • Science
  • Sports
  • Technology
  • Travel

Latest News

  • Trending
  • Comments
  • Latest
Managing Waste in the Film Industry

Managing Waste in the Film Industry

12/10/2020
Perils of Efficiency: Procuring Supplies During a Crisis

Perils of Efficiency: Procuring Supplies During a Crisis

04/10/2021
Loadhog Estimates 108 Million Metres of Stretch Wrap Eliminated Through Use of Pallet Lid

Loadhog Estimates 108 Million Metres of Stretch Wrap Eliminated Through Use of Pallet Lid

12/10/2020
SOTECH WINS MANUFACTURING AWARD AT NORTH EAST BUSINESS AWARDS

SOTECH WINS MANUFACTURING AWARD AT NORTH EAST BUSINESS AWARDS

12/10/2020
Testosterone – Buyer Beware!!

Testosterone – Buyer Beware!!

30/01/2020
London Marathon

The world record for the London Marathon

On UK state visit Donald Trump will meet Price Charles for tea

On UK state visit Donald Trump will meet Price Charles for tea

Nigel Farage

“Electoral commission has planned and coordinated with the former prime minister for funding inspection”, says Nigel Farage

Theresa

Recent Brexit deal by Theresa may fall flat

Theresa

Theresa May makes sure that her last-ditch bid to win all the support for her new Brexit Deal

11 Best Crypto Exchanges and Apps of 2022

11 Best Crypto Exchanges and Apps of 2022

23/06/2022
How To Make Your Home More Peaceful

How To Make Your Home More Peaceful

16/06/2022
Uni Blinds integral blind options for hospitals ScreenView

Uni Blinds integral blind options for hospitals ScreenView

08/06/2022
3 Effective Ways to Create a Personalised Experience for Consumers

4 Secret Tips for Successful Conversational Marketing in 2022

06/06/2022
How to Benefit from Investing in an Eco-Friendly Property

How to Benefit from Investing in an Eco-Friendly Property

06/06/2022

National Headlines

Recent News

  • 11 Best Crypto Exchanges and Apps of 2022
  • How To Make Your Home More Peaceful
  • Uni Blinds integral blind options for hospitals ScreenView
  • 4 Secret Tips for Successful Conversational Marketing in 2022

Topics

  • Automotive
  • Business
  • Education
  • Employment
  • Entertainment
  • Finance
  • Healthcare
  • Legal
  • Lifestyle
  • Politics
  • Property
  • Science
  • Sports
  • Technology
  • Travel

Newsletter

Subscribe to our mailing list to receives daily updates direct to your inbox!

*We hate spam as you do.

© National Headlines

  • Contact
  • Contribute
  • Sitemap
  • Authors
No Result
View All Result
  • Home

© 2019 National Headlines.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
SAVE & ACCEPT