To smooth the works, Baltic Fund and the Business Hive Vilnius Incubator also work together with the governmental agencies like Go Vilnius and Startup Lithuania. They assist the new startups as long as the relocation and together with visa issues needed. The cooperation will ease the residence to get licenses for the startups, also for the core team and family members. The startup issues will be done much faster. One of the Startup Lithuania subjects is a new company launching, which can be done in two days.
The support from the government is also in the startup visas launching based on the Lithuania immigration law. It is aimed to invite the innovative startups from all over the world to join the investment. Besides, the government also launches industrial supportive laws, including the chance to make e-money payment for startups of Fintech in3 months. The time is longer in other countries; usually 1 year in Germany and UK.
As Lithuania gives a friendly atmosphere for business and has become the most wide-ranging developing economies, it will make the promising startup relocation much easier. Especially those from Belarus, Ukraine and Russia. So combining the funding sources and the working teams’ knowledge will make something higher than positive outcome with higher than 4x multiplier.
More Information:
Website: http://baltic.fund
Telegram: https://t.me/BalticFund