Republic of Lithuania

Republic of Lithuania Republic of Lithuania Law On Spheres of Business Activity wherein Foreign Investment is Prohibited or Limited Article

1. This law establishes the spheres of business activity wherein foreign investment shall be prohibited, or wherein conditions limiting foreign investment shall be established. Article
2. Foreign investment shall be prohibited in those spheres of activity which are related to the national defense and security of the Republic of Lithuania. Article
3. Without a special directive of the Government of the Republic of Lithuania, foreign investment shall be prohibited in state firms having a monopoly in the Lithuanian market. Article
4. A foreign capital firm or joint venture functioning not as a state firm, or functioning as a stock corporation (close corporation), in the event that the Lithuanian founder of such a corporation possesses less than 51 percent of voting shares, shall be prohibited from: operating oil and gas pipelines, communications, electricpower transmission lines, heating systems, and facilities ensuring these objects' functioning, these objects being of national significance; operating highways, railways, seaports and airports of the Republic of Lithuania according to their functional purpose; establishing or operating gambling houses, organizing games of chance or holding lotteries; engaging in publishing activity, preparing and broadcasting TV and radio programs, except for the technical servicing of printing presses, radio and television; and managing spa treatment. Article
5. Foreign capital firms and joint ventures functioning not as state firms and not as state stock corporations shall be prohibited from: manufacturing vodka, liqueurs, or other alcoholic beverages; manufacturing tobacco products; treating persons ill with dangerous and especially dangerous diseases, including venereal diseases and infectious skin diseases or aggressive forms of psychic diseases; and treating animals ill with especially dangerous diseases. Article
6. Foreign capital firms and joint ventures functioning not as state firms shall be prohibited from: manufacturing weapons and explosives; producing and selling narcotics; growing and selling cultures containing narcotic, harmful or poisonous substances; and concentrating and distributing the labor force, settling issues of labor force migration. Article
7. Without a special license issued by a directive of the Government of the Republic of Lithuania, foreign capital firms and joint ventures shall be prohibited from: exploring for and exploiting mineral deposits; exploiting natural resources; establishing and operating internal public communications and transport systems; and producing and selling poisonous substances. Vytautas Landsbergis President Supreme Council Republic of Lithuania Vilnius 2 May 1991 No. I-1276