Klaipeda Free Economic Zone is the first and the only fully functioning free economic zone in Lithuania, officially opened in year 2002 and, within a year, two international companies started operations there: Japanese company Yazaki Wiring Technologies Lietuva, and the Danish company A.Espersen A/S, which opened a fish processing factory in January 2003. The developers of a business complex on a site, an Irish company, Klaipedos Verslo Parkas/BNTP UAB, already expand their premises. The Austrian company Nemuno banga Klaipeda UAB is getting ready to supply PET packing pre-forms. Soon OXK Klaipeda UAB, which will manufacture disposable dishes, will join a building lot and packages, later on a Thai concern Indorama will start a construction of a plant for raw PET material. Moreover, Skuba UAB, the dealer of Renault Trucks plans a service centre for the trucking and warehousing companies, developing their activities in the zone and the region. The new bio-diesel company Mestilla UAB will start they project in the site in this year. Klaipeda FEZ signed for € 170 million investment in 2002-2005 years.

Klaipeda Free Economic Zone offers a location that is ideal for companies looking to relocate or expand production, to establish centres of packing and distribution, and minimise logistic problems. The area occupying 205 ha is strategically located near the port, the motorway, and the rail network. The all-necessary infrastructure installed at the site. Water, electricity, natural gas and telecommunication supplies are immediately available for connection to your premises at the lowest possible level of costs and within the shortest time.

Another advantage of Klaipeda Free Economic Zone is the system of tax incentives within the legal framework of the EU:

• 6 years’ exemption from corporate income tax following made investment and 50% discount for the following 10 years –for companies that have invested more than €1 million
• No real estate taxes
• No taxes on dividends paid on foreign investments

Tax incentives available to companies in the Klaipeda Free Economic Zone is interpreted under European Union law as State aid for Regional Development, and thus the incentives comply with European Union law.