Panevezys Free Economic Zone Information

Panevezys Free Economic Zone (PFEZ) is a 47 hectares economic zone in Panevezys, Lithuania offering tax incentives and a fully developed infrastructure - roads, water and sewage facilities, electricity, inner roads, lighting and natural gas pipelines. PFEZ has a strategically favourable location. It is situated next to the trans-European highway Via Baltica, which connects Warsaw and Tallinn, and is close to the railway line Moscow-Kaliningrad. In 2025 Panevezys will connect to the inter-European railway Rail Baltica. The distance to either Vilnius or Riga, capitals of Lithuania and Latvia, is 150 km. The ice-free and deep-water port of Klaipėda is 240 km away and Šiauliai airport is just 80 km away. The city centre of Panevezys is at a distance of 5 km. Panevezys Free Economic Zone is a better place for business: -- Well developed infrastructure and surroundings; -- Land ready for Greenfield developments; -- Tax incentives available: - Corporate tax 0% (first 10 years, for the following 6 years 50% discount); - Real estate tax 0%; - Dividend tax 0%. -- Build-to-suit and Build-to-lease options // Average timing for a project is 10-12 months; -- Consultations and full service for companies looking to establish in PFEZ (One-Stop Shop). For more information visit: http://www.pfez.lt/en.htm