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Kaunas Free Economic Zone
The Kaunas Free Economic Zone (FEZ) or Kaunas FEZ ( lt, Kauno laisvoji ekonominė zona) is a free economic zone Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which co ... near Kaunas, Lithuania. It is a 534 hectare industrial development area which offers favorable and smaller taxes for production or logistics companies which invest at least 1 million euros or service companies which invest more than 100 thousand euros and employ over 20 people. The investors are mostly foreign companies, as more than 70% of total investments in Kaunas FEZ are foreign direct investments (FDI). The Kaunas Free Economic zone was established on 22 October 1996 in Kaunas district, near the motorways A6 and A1. Areas Area of Kaunas FEZ has three parts: Production and Logistics Area, Business Street an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Economic Zone
Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity. The taxation rules and duties are determined by each country. The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures (SCM) has content on the conditions and benefits of free zones. Some special economic zones are called free ports. Sometimes they have historically been endowed with favorable customs regulations, such as the free port of Trieste. As the United Kingdom was proposing the creation of ten free ports after leaving the European Union in early 2020, the EU was clamping down on 82 free zones after finding that their special status had aided the financing of terrorism, money laundering and organised crime. Definition The de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaunas
Kaunas (; ; also see other names) is the second-largest city in Lithuania after Vilnius and an important centre of Lithuanian economic, academic, and cultural life. Kaunas was the largest city and the centre of a county in the Duchy of Trakai of the Grand Duchy of Lithuania and Trakai Palatinate since 1413. In the Russian Empire, it was the capital of the Kaunas Governorate from 1843 to 1915. During the interwar period, it served as the temporary capital of Lithuania, when Vilnius was seized and controlled by Poland between 1920 and 1939. During that period Kaunas was celebrated for its rich cultural and academic life, fashion, construction of countless Art Deco and Lithuanian National Romanticism architectural-style buildings as well as popular furniture, the interior design of the time, and a widespread café culture. The city interwar architecture is regarded as among the finest examples of European Art Deco and has received the European Heritage Label. It contributed to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Direct Investments
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaunas Airport
Kaunas Fluxus Airport ( lt, Kauno tarptautinis oro uostas), is the second-busiest civil airport in Lithuania after Vilnius Airport and the fourth-busiest in the Baltic states. The airport is located in the central part of the country, northeast of the Kaunas city centre and 100 km west from the capital Vilnius. History Kaunas Airport started operations in 1988 when airport activities were moved from the historic S. Darius and S. Girėnas Airport, located in the central part of Kaunas city. In 1991, after Lithuania's independence, it gained the status of an international airport and in 1996 it became a member of Airports Council International and began to take part in the activities of the "Lithuanian Airports" association. Kaunas Airport was used by YAK-40, and YAK-42 of the local Aeroflot branch since 1988. The flight range was moderate and there were some scheduled flights from Kaunas to Kyiv, Kharkiv, Moscow, Odessa, Simferopol, and Šiauliai. Regional airline ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Continental AG
Continental AG, commonly known as Continental or colloquially as Conti, is a German multinational automotive parts manufacturing company specializing in tires, brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, and other parts for the automotive and transportation industries. Continental is structured into six divisions: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, ADAS (Advanced Driver Assistance Systems). It is headquartered in Hanover, Lower Saxony. Continental is the world's fourth-largest tire manufacturer. Continental sells tires for automobiles, motorcycles, and bicycles worldwide under the Continental brand. It also produces and sells other brands with more select distribution such as Viking (limited global presence), General (US/Canada), Gislaved (Canada, Spain, Nordic Markets), Semperit Tyres, Barum to serve EU & Russia. Other brands are ''Uniroyal'' (Europe), Sportiva, Mabor and Matador and formerly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hella (company)
Hella KGaA Hueck & Co. (stylized as HELLA) is an internationally operating German automotive part supplier with headquarters in Lippstadt, North Rhine-Westphalia. The company develops and manufactures lighting, electronic components, and systems for the automotive industry. It also has one of the largest trade organizations for automotive parts, accessories, diagnosis, and services within Europe. Hella is one of the top 50 global automotive suppliers, and one of the 100 largest industrial companies in Germany. Worldwide, it employs about 40,000 people in more than 100 locations in over 35 countries. More than 5,800 engineers and technicians work in research and development within the company. History Sally Windmüller founded the company in 1899 under the name Westfälische Metall-Industrie Aktien-Gesellschaft (WMI) to produce ball horns, candles, and kerosene lamps for carriages. Hella's name first appeared in 1908 as a trademark for acetylene headlights. In 1923, the manufact ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporation Tax
A corporate tax, also called corporation tax or company tax, is a direct tax imposed on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels. The taxes may also be referred to as income tax or capital tax. A country's corporate tax may apply to: * corporations incorporated in the country, * corporations doing business in the country on income from that country, * foreign corporations who have a permanent establishment in the country, or * corporations deemed to be resident for tax purposes in the country. Company income subject to tax is often determined much like taxable income for individual taxpayers. Generally, the tax is imposed on net profits. In some jurisdictions, rules for taxing companies may differ significantly from rules for taxing individuals. Certain corporate acts or types of entities may be exempt from tax. The incidence of corporate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dividend
A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by a shareholder is income of the shareholder and may be subject to income tax (see dividend tax). The tax treatment of this income varies considerably between jurisdictions. The corporation does not receive a tax deduct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Kaunas
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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