The Kaunas Free Economic Zone (FEZ) or Kaunas FEZ (Lithuanian: Kauno laisvoji ekonominė zona) is a free economic zone 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).