Lithuania - Joint Ventures/LicensingLithuania - Joint Ventures/Licensing
A joint venture with the local partner is the most common way for a U.S. company to start a business in Lithuania. It is advisable to conduct thorough due diligence of the potential partner. Local companies provide credit ratings and other basic business data on Lithuanian companies, although such information services are not yet fully developed.
Lithuanian laws don’t restrict the owner’s freedom to use her/his industrial property rights or granting production license. Licensing, however, is not widely used in Lithuania.
Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Lithuanian laws don’t restrict the owner’s freedom to use her/his industrial property rights or granting production license. Licensing, however, is not widely used in Lithuania.
Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.