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Akmenė Free Economic Zone

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Akmenė Free Economic Zone
Company typeUAB
IndustryFree economic zone. Specializing in wood, construction, energy, logistics and other industries
Founded2012. Operations started in 2019
HeadquartersRyto g. 4, Menčiai, Akmenė district municipality, Lithuania, Lithuania
Key peopleLina Mockutė, CEO
OwnerAkmenės laisvoji ekonominė zona, UAB
Akmenė FEZ territory

Akmenė Free Economic Zone (FEZ) is a special economic zone located in Akmenė, Lithuania. It is 98.6 ha area, which was established in 2012 and managed by UAB Akmenės laisvoji ekonominė zona since 2018.

FEZ companies

Since 2019, more than 300 million euros were invested at Akmenė FEZ by companies operating in areas of wood, construction component manufacturing, energy and other industries. In 2022, the total turnover of Akmenė FEZ investors reached 62,1 million euros.

As of 2023, Akmenė FEZ hosts:

  • VMG Wood Solutions - wood veneer panel manufacturer
  • VMG Akmenės baldai - furniture manufacturer
  • VMG Lignum construction - wooden construction material manufacturer
  • VMG Service Akmenė - process automation and equipment maintenance service provider
  • Rietuva - energy provider

Infrastructure

The free zone features a railway line, internal road infrastructure, water and gas mains, a sewage system and a bicycle path to the city. The FEZ management company leases 0,9 - 26,3 ha land plots.

Tax incentives

Taxes Usual tax rates Taxes FEZ %
Corporate profit tax 15 % 0 (first 10 years), 7,5 (next 6 years)
Real estate tax 0,3 - 3% 0%
Dividend tax 15% 0%

References

  1. Įkurtos penkios naujos laisvosios ekonominės zonos
  2. Law of Akmenė Free Economic Zone
  3. Akmenės LEZ investuotojų apyvarta pernai augo 57 proc. - DELFI.LT
Special Economic Zones of Lithuania

56°18′22″N 22°53′28″E / 56.30611°N 22.89111°E / 56.30611; 22.89111

External links

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