Estonia’s capital is Tallinn, one of the best-preserved medieval cities in Europe. Though it may surprise visitors, the cobbled streets of Tallin are home to one of the most dynamic IT industries on earth.
In the early 1990’s, the Estonian government invested in expanding the country’s IT infrastructure, with an emphasis on education – the so-called Tiigirhupe (or Tiger’s Jump) initiative. The initiative was brilliantly successful, and today Estonia is a world-leader in Information Technology, particularly cybersecurity.
It’s not just in IT that Estonia has a history of forward-thinking. In 1994, Estonia became the first country in the world to adopt a flat tax. In fact, the Index of Economic Freedom has awarded Estonia the highest rating given to any former Soviet republic.
Estonia boasts a dynamic, market-driven economy, and an educated workforce, many of whom speak English. It is estimated that, by 2025, Estonia will enjoy a level of productivity to rival that of its Nordic neighbours. Many pundits foresee Estonia becoming one of the most productive nations in the world.
With a population of around 1.3 million, Estonia is one of the smallest countries in the European Union. Around 60% of the Estonian workforce are employed in the service sector.
HLB Expertus is one of the leading firms in Estonia and offers clients the full range of accounting services.