Lithuania is not a large country; however, it boasts a young population and a skilled workforce. As a matter of fact, Lithuania has one of the youngest populations among European countries, which is also available for the labor force.
In the last few years, the Lithuanian economy performed quite well, which helped not only companies here, but also the population, as the unemployment rate fell significantly.
If you want to open a company in Lithuania and need more information on the employment regulations, our local consultants can advise you.
As mentioned above, Lithuania has one of the youngest workforces in Europe, which make the country very appealing to foreign investors and companies seeking to set up their presence here.
Among the most important qualities of the Lithuanian labor force we mention the following:
The Lithuanian workforce is also one of the most skilled when it comes to using computers. Also, the government has invested a lot in training facilities in order to help companies.
In 2017, Lithuania amended its Employment Law in order to help both employers and employees. Among the new provisions of the Lithuanian Labor Code are:
For full information on the rights and obligations of employers, but also for assistance in starting a business, please contact our company registration agents in Lithuania.