SCHNEIDER GROUP Welcomes Clients to New Vilnius Office

Berlin, Germany – March 19, 2024 – SCHNEIDER GROUP Lithuania has officially moved into its new Vilnius office, marking a new chapter in its support for international investors in Lithuania.

Leading the charge in Vilnius is Jolita Lieparskiene, a seasoned professional with over 15 years of experience in management and accounting in international companies. Jolita's proven track record in financial planning, business transformation, and intercultural management ensures that clients receive the local knowledge and strategic guidance they need to succeed in Lithuania. Leveraging SCHNEIDER GROUP's vast global experience, Jolita will offer a comprehensive suite of services specifically tailored to the needs of foreign investors, including:

• Accounting Outsourcing and Chief Accountant function including full statutory reporting
• Payroll services and HR Solutions: Streamlined accounting solutions and HR support to ensure compliance and smooth operations.
• CFO Function (including IFRS reporting, managerial reporting, consolidation)
• Initiative Financial Audit
• Market Entry Strategy: Tailored advice to assist foreign companies in entering the Lithuanian market, identifying key partners, and understanding local business regulations.

A Gateway to Growth in the Baltics

Lithuania boasts a rapidly growing economy with a strategic location at the heart of the Baltic Sea region. The country offers a dynamic business environment with thriving sectors like ICT/IT, finance, and tourism. Additionally, Lithuania actively promotes foreign investment with attractive incentive programs, including:

• Green Corridor: A 20-year tax break, land access, and fast permits for large-scale projects.
• Special Economic Zones: Offering a 10-year corporate income tax exemption, followed by a 50% reduction for 6 years, along with eliminated property and capital gains taxes.

With Jolita's expertise and SCHNEIDER GROUP's global network, the Vilnius office is well-positioned to support international companies seeking to leverage the numerous opportunities available in Lithuania.

About SCHNEIDER GROUP

Founded by Ulf Schneider in 2003, SCHNEIDER GROUP is an international consulting company providing services and expertise to support companies as they enter markets and grow their business in Eastern Europe, Central Asia, and the Caucasus. With offices in 13 countries, the company has a unique opportunity to work with clients operating in different sectors and industries. They leverage their extensive experience to provide a full range of business services across the region.