LAW ON INVESTMENT (No. VIII-1312). Pays/Territoire Lituanie Type du document Législation Date 1999 Source FAO, FAOLEX Sujet Terre et sols, Général Mot clé Loi-cadre Financement Crédit Propriété Commerce/industrie/sociétés Collectivité locale Aire géographique Europe, Europe et Asie Centrale, Pays de l'Union Européenne, Europe du Nord Résumé The Law sets forth the terms and conditions of investment in the Republic of Lithuania, the rights of the investors and investment protection measures for all types of investments. The specific features of investment into commercial banks, other credit institutions, insurance companies and other undertakings engaged in financial activities shall be established by the laws of the Republic of Lithuania which regulate the activities of the above undertakings and institutions. “Investment” means funds and tangible, intangible and financial assets assessed in the manner prescribed by laws and other legal acts, invested in order to obtain from the object of investment profit (income), social result (in education, culture, science, health and social security as well as other similar spheres) or to ensure the implementation of state functions. “Investment” means the act of investing performed by the investor in the manner prescribed by this Law whereby he acquires the right of ownership or the creditor’s right of claim over the object of investment, or the right to manage and use the object. “Economic entities” means undertakings, agencies and organisations of all types and forms of ownership established in accordance with the procedure laid down in the laws of the Republic of Lithuania. Types of investment according to the investor’s influence on the economic entity: 1) direct investment - investment aimed at establishing an economic entity and acquiring the capital of a registered economic entity or a share in the capital, also reinvestment, loans to economic entities the capital whereof is owned by the investor or in which he has a share in the capital, subordinated loans where the objective of an investment is to establish or maintain long-term direct links between the investor and the economic entity in which the investment is made, and the share in the capital acquired through investment accords the investor a possibility either to control the economic entity or to exert a considerable influence upon it; 2) indirect (portfolio) investment - where a share in the capital acquired through investment does not accord the investor any possibility to exert any considerable influence on the economic entity. Types of investment according to the status of the investor: 1) state investment - investment made by using the national budget resources, state (municipal) fund resources, loans obtained in the name of the State of Lithuania (municipalities), resources of state-owned (municipal) enterprises and other stateowned (municipal) assets as well as loan guarantees extended by the state (municipalities), in order to meet the needs of the state; 2) private investment - investment by the holders of the right of private property of the Republic of Lithuania and foreign states; 3) investment by foreign states and international organizations. Domestic and foreign investors shall be guaranteed under this and other laws equal conditions for operation. The rights and lawful interests of investors shall be protected under the laws of the Republic of Lithuania. Investors shall have the right to acquire title to all types of immovable property in the Republic of Lithuania. Texte intégral Anglais Site web www.wto.org