= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2012:
Protecting Investors:
Lithuania strengthened investor protections by introducing greater requirements for corporate disclosure to the public and in the annual report.
Resolving Insolvency:
Lithuania amended its reorganization law to simplify and shorten reorganization proceedings, grant priority to secured creditors and introduce professional requirements for insolvency administrators.
Getting Electricity:
Lithuania made getting electricity more difficult by abolishing the one-stop shop for obtaining technical conditions for utility services.
DB2011:
Starting a Business:
Lithuania tightened the time limit for completing the registration of a company.
Getting Credit:
Lithuania’s private credit bureau now collects and distributes positive information on borrowers.
Paying Taxes:
Lithuania reduced corporate tax rates.
Trading Across Borders:
Lithuania reduced the time to import by introducing, in compliance with EU law, an electronic system for submitting customs declarations.
Resolving Insolvency:
Lithuania introduced regulations relating to insolvency administrators that set out clear rules of liability for violations of law.
DB2010:
Paying Taxes:
The corporate income tax was raised from 15 percent to 20 percent.
Resolving Insolvency:
The process of closing a business was eased through amendments to the enterprise bankruptcy law.
DB2009:
Registering Property:
Registering property was made easier by merging the procedure for obtaining the certificate of transaction with the notarization procedure. The reform reduced the number of procedures.