Šiauliai district – municipality around Šiauliai town your next business location

Lithuania 3.6% 1.2% 4th #1 #2 GDP growth in 2014[1] inflation[1] for industry-university collaboration in the CEE [3] lowest profit taxes in the EU[2] most favourable country for investment in Europe and #16 in the World [4] Flight time in hours 1 d Delivery time in days 2 d 3 d 4 d Source 1: Ministry of Finance, 2014 Source 2: KPMG, 2014 / BNP Paribas European Office Market, 2014 Source 3: European Commission, 2013 / WEF Global Competitiveness Report 2014-2015 Source 4: Foreign Policy‘s Baseline Profitability Index 2014 / Centre of Registers, 2014

Šiauliai district municipality (around Šiauliai town) Šiauliai city Lithuania’s 4th largest city Population of 105,600 Labour pool of 66,000 Kuršėnai Šiauliai district municipality (around Šiauliai town) The largest city Kuršėnai – population 11,000 Population of 41,000 Labour pool of 25,000 Source: National Statistics Departments, 2014

Effective transport network A land, sea and air transport chain with many advantages International Airports Seaports Roads Rail Well-developed Intermodal Inter-linked

International Airports Šiauliai Cargo International Airport, which boasts the longest runway in the Baltic States, has capacity for all types of cargo and private aircraft. Other airports are reached within 2-3h drive. Source: Šiauliai discrict Municipality, 2015 *Kilometers are approximate

Roads E272 connecting Šiauliai city with the highway „Via Baltica“. „Via Baltica“ is a significant road connection between the Baltic states. European route E67 is running from Prague to Helsinki by way of Poland, Lithuania, Latvia, and Estonia.

Kuršėnai Rail Šiauliai district is crossed by two international railway corridors: I North-South corridor - Tallinn-Riga-Kaunas-Warsaw and its branch - IA Šiauliai-Kaliningrad-Gdansk. IX East-West direction corridor and its branch - IXB Kiev-Minsk-Vilnius-Kaunas-Klaipėda. Kuršėnai city has two railway stations. Source: Lithuanian Railways, 2015

Seaports Up to 2 hour drive to three major seaports. Annual cargo turnover of ports in 2014: Port of Klaipėda - ~36 m tones Freeport of Riga - ~41 m tones Port of Liepaja - ~5.5 m tones Source 1: Port of Klaipėda, 2014 Source 2: Freeport of Riga, 2014 Source 3: Port of Liepaja, 2014

4th 7.6% Economic growth and industrial competences GDP growth (EUR bn) 4th 2.56 2.50 in Lithuania by GDP 2.33 2.07 1.92 7.6% turnover growth of manufacturing companies 2009 2010 2011 2012 2013 Source: National Statistics Departments, Šiauliai county data, 2013

Agriculture, forestry and fisheries Top FDI industries Manufacturing Agriculture, forestry and fisheries Other 45% 50% 5% Source: National Statistics Departments, Šiauliai county data, 2013

Other manufacturing skills The Šiauliai district greatest asset is its experienced workers specialised in … Farming Clay ceramics Furniture production Other manufacturing skills

Attractive labour costs Average monthly labour costs (EUR) in Šiauliai district and other major cities in Lithuania Lithuania 656.3 Vilnius Kaunas Klaipėda Šiauliai Panevėžys 759.7 645.3 685.2 558.7 597.2 460 Šiauliai district Source: National Statistics Departments, 2013

Qualifications and competences Šiauliai city is home to a University, three colleges and one vocational school Over 2,500 students are currently studying engineering programmes.[1] Source1: National Statistics Departments, 2014

Private industrial area Šiauliai district Meškuičiai industrial zone SIZE: 11.5 ha 10 km from Šiauliai ELECTRICITY: ~5.5 MW ready capacity CONDITIONS: Privately owned by JSC ,,Gerbunis“. Available for sale or rent. Construction permit for 4900 sqr. m. available. Contact: info@gerbunis.lt ; phone.: +370 613 88676 Meškuičiai Šiauliai Private industrial area

Šiauliai Special Economic Zones (SEZ) Šiauliai industrial park Šiauliai international airport Free Economic Zone (FEZ)

Territory for the development of industry, business and logistics Free Economic Zone Intermodal Terminal* 500 ha Šiauliai International Airport Šiauliai Industrial Park * Planned territory for logistics center Source: Šiauliai City Municipality, 2014

0% 0% 0% 50% Favourable land and real estate tax incentives in FEZ Income tax Property tax 0% Tax on dividends 0% 0% (first 10 years) 50% of standard tax rate (subsequently 10 years) Source: Šiauliai City Municipality, 2014

Well-developed infrastructure in SEZ: Electrical services Telephone and cable Water supply main Sanitary sewer line Storm drainage system Gas pipeline average pressure 300 mm 600 mm 800 mm PE O ~400 Source: Šiauliai City Municipality, 2014

Business friendly environment Ease of starting a business / World ranking – 11th [1] Ease of doing business / World ranking – 24th [1] Time needed to establish a business – 3 days [2] VAT – 21% [2] Personal income tax – 15% [2] Social security tax paid by employer – 30.98% [3] 15% corporate tax rate – 4th lowest in the EU [2,4] Real Estate tax – 0.7% Land lease tax for commercial areas – 0.56% [5] Source 1: Forbes, 2014 Source 2: State Tax Inspectorate Under the Ministry of Finance of the Republic of Lithuania, 2014 Source 3: State Social Insurance Fund Board of the Republic of Lithuania under the Ministry of Social Security and Labour Source 4: KPMG, 2014

Šiauliai district Municipality offers: Construction permits - 21-42 working days Spatial planning procedures – 2-3 month A direct contact person to guide you through the processes Decisions on lowering corporate tax rates Help with public transport, street infrastructure and sidewalks Source: Šiauliai district Municipality, 2014

Associated Business Structures: Business support services: Associated Business Structures: Šiauliai Chamber of Commerce, Industry and Craft[1] A non-profit organization that seeks to further the development of commerce and industry in the region. Šiauliai district Association of businessmen[2] A public organization that aims to unite industrial enterprises and to represent their interests. Source 1: Šiauliai Chamber of Commerce, Industry and Craft, 2014 Source 2: Šiauliai district Association of Businessean, 2014

Quality of life Climb a hill to see more than 100,000 crosses at one of country’s most awe-inspiring sights The Hill of Crosses Enjoy water sports in the district surrounded by more than 10 lakes Explore the main boulevard crossing the Šiauliai city and Šiauliai district , which boasts various cafes, restaurants, art galleries and shops Shop in Šiauliai city newly-built Akropolis Shopping Center, where high density of shops available for any customer

Technical Textile production They’re already here Mushroom Cultivation Technical Textile production Furniture Farming

What are the benefits of investing and doing business in Kuršėnai: Good geographical location: good connection by air. Three airports are available within 2 hours driving distance (Riga, Palanga & Kaunas). Klaipėda’s ice-free seaport is within 150 km. Cooperative and supportive Šiauliai district government. Availability of well-educated and motivated personnel. Availability of prepared premises with all necessary utilities installed and land for greenfield investments. The nearby industrial and university city of Šiauliai. Saulius Stelingis – General Manager, Devold AMT UAB Profile: Devold AMT is one of the world's leading companies in the multiaxial reinforcement market The firm produces stitched fiber glass, carbon fiber an hybrid reinforcements FTE: 98 Est.: 2005, Kuršėnai

Department of Economics and Business Development Šiauliai District Municipality Administration Algirdas Baikauskas Vilniaus str. 263, LT 76337 Šiauliai, Lithuania Tel: +370 41 596 669 E-mail: algirdas.baikauskas@siauliuraj.lt www.siauliuraj.lt In cooperation with www.investlithuania.com