Estonia: Reasons to invest

Arvo Lepik, Partner at HLB Euroasia Group

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Here are three things you may not know about Estonia:

  1. Public transport is free of charge in the country’s capital, Tallinn.
  2. Estonia was the first nation to introduce a flat rate income tax system.
  3. Estonia is one of the highest rated market-based economies in the world – a friendly environment for foreign investment, with a no tax policy on reinvested corporate profits.

In fact, Estonia consistently ranks as one of the most open, competitive and transparent economies in the world. As a full EU and Eurozone member, Estonia increasingly serves as a base for pan-European activity. Estonia ranks 12th by ease of doing business in the world by The World Bank.

So what makes Estonia such a great base for investment?

  • Situated on the Baltic Sea, with Finland to its north and Russia to its east, Estonia benefits from a unique location and culture combining Nordic roots and Russian influences.
  • The country prides itself on its progressivism and openness. Estonia offers a highly progressive environment that offers an efficient way of doing business.
  • Highly developed infrastructure that supports business development.
  • Multilingual workers with world class skills. In the Industrial sector Estonians excel in engineering and electronics while in IT the country is a recognised leader in software development, high-tech systems and cyber security.
  • Ultra-high IT usage across the economy, significant efficiencies, real-time data and flexible, scalable business models. Two-decade commitment to IT, Estonia is the world’s most advanced digital society and recognised leader in digital skills, infrastructure and legislation.
  • E-residency system allows You to have control of Your business finances from wherever in the world

Reasons to invest in Estonia:

  • Great opportunities in various business sectors
  • Relatively easy and low cost establishing a company fully online and only in a few hours
  • Relatively simple and stable tax system with  0% income tax on retained and reinvested profits
  • Banking and lot of other services and possibilities for doing business easy and online, 99% of banking transactions are made online, Annual accounts are usually prepared and presented online, tax declarations and transactions are prepared and presented online.

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