10 Best Countries to Start a Business

Page 3 of 10

8. Lithuania

Economic Freedom Index Ranking: 17

Ease of Doing Business Ranking: 11

Corporate Tax Rate Ranking: 5

Average Ranking: 11

Lithuania is one of the best countries for business, owing to a low corporate tax rate of 15%. The workforce is skilled, yet the wages are low relative to the EU average but employment regulations are comparatively stricter. A number of industries in the country are highly subsidized including transportation and energy.

Page 3 of 10