About Estonia
Introduction to Estonia
Estonia
Why Estonia
At BBCTallinn, we believe that Estonia offers an ideal environment for doing business. Therefore, we’re committed to helping our clients develop a positive attitude towards the country. In this section we explain the main advantages of choosing Estonia as a location for setting up a business and establishing a company.
With a business-friendly climate, digital infrastructure and skilled workforce, Estonia has much to offer entrepreneurs. Its efficient e-governance system makes company registration quick and easy, while the low corporate tax rate of 20% ensures that companies can keep a larger share of their profits. In addition, the country’s strategic location at the crossroads of Europe and Asia provides access to a large and diverse market.
In addition, Estonia is committed to innovation, making it an ideal location for start-ups and technology companies. The government has invested heavily in digital infrastructure and launched initiatives such as the e-Residency programme to attract foreign entrepreneurs. This commitment to innovation has led to the creation of successful start-ups such as Skype and TransferWise.
Overall, Estonia’s business-friendly policies, skilled workforce and commitment to innovation make it a top destination for entrepreneurs. If you’re considering starting a business in Estonia, contact BBCTallinn for expert advice and support.
Economic situation
- Sustainable GDP growth
- Membership in the European Union and the World Trade Organization
- Usage of Euro, the common European currency
- 16th position in the Index of Economic Freedom
- Local and foreign investments are treated equally
- One of the simplest taxation schemes in the world
- No undistributed profits tax
- Fifty nine double taxation avoidance agreements in effect
Favourable business environment…
- Convenient location that ensures easy access to Scandinavian, CIS and Western European countries
- Low corruption and bureaucracy level
- Simple company incorporation procedure – a company can be registered online within less than 30 minutes
- Highly qualified local staff
- Most residents of Estonia have fluent command of a second foreign language (usually it’s English or Russian)
- Well-developed IT structure and digital environment – many official processes can be carried out over the Internet
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