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Cost competitiveness
Vilnius is a city where businesses aren’t held back by high costs. Office space is among the most affordable in the region, while salaries for skilled staff are highly competitive in comparison with other European cities. Ranked as one of the five least expensive EU cities for expatriates, Vilnius is the place to get growing.
Business costs
- Our corporate tax rate (0-15%) is 3rd lowest in the EU and our personal income tax rate (15%) is the 2nd lowest
State Tax Inspectorate - Prime office space costs 8x less in Vilnius compared to Central London and 2-3x less compared to other European capitals (Amsterdam, Berlin, Paris)
European Office Market, BNP Paribas Real Estate Report 2015
Office rental costs (€/sq.m.):
Source: European Office Market, BNP Paribas Real Estate Report 2015
Labour costs
Average gross annual salary comparison:
CEE includes Estonia, Latvia, Poland, Hungary, Czech Republic,Slovakia, Slovenia, Romania, Bulgaria
Source: Towers Watson Global Remuneration Planning Report 2014/15
Average monthly salaries of IT specialists in Vilnius:
Source: Strategic Staffing Solutions International, Alliance for Recruitment, 2013
Living costs
- Vilnius is one of the five least expensive EU cities to live in
Mercer’s cost of living, 2015
Source: Teleport.org