169 LAW OF THE LITHUANIAN REPUBLIC "ON FOREIGN INVESTMENTS IN THE LITHUANIAN REPUBLIC"* Ved. Latviskoi Respubliki 1991 No.2 item 38 Chapter I. General Provisions Article 1. Goal of the Law The goal of the present Law shall be the creation of favorable condi- tions for the investment of foreign capital in the Lithuanian Republic and the establishment of a procedure for investment. Article 2. Foreign Investment . Foreign investment is the financial or material investment of a foreign investor in the area of business in the Lithuanian Republic as well as the transfer of rights to intellectual or industrial property to legal or natural persons of Lithuania. Article 3. Foreign Investor Legal and natural persons of other states, effecting investments in the Lithuanian Republic, shall be deemed to be foreign investors. Article 4. Forms of Effecting Foreign Investments The following forms of effecting foreign investments are permitted in the Lithuanian Republic: a share in a joint enterprise, an enterprise formed with foreign capital, and the acquisition of shares and other securities of enterprises of the Lithuanian Republic. Article 5. Areas for Effecting Foreign Investments Foreign investments shall be permitted in all areas of business activity with the exception
Review of Socialist Law (in 1992 continued as Review of Central and East European Law) – Brill
Published: Jan 1, 1991
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