We have a team of professionals to help you with all your business needs. So, that you can focus on business expansion in Estonia.
WHY ESTONIA?
Situated in northeastern Europe, Estonia juts out into the Baltic Sea, which surrounds the country to the north and west. As part of the interrelated Soviet economy, Estonia was an industrial region, with agriculture making a smaller contribution. Estonia was among the first eastern and central European countries with which the European Union (EU) started accession negotiations. The country’s most important mineral is oil shale, of which Estonia is a significant world producer. Reserves and production of peat also are substantial, and large deposits of high-quality phosphorites, limestone, dolomites, marl, and clay exist. Estonia’s major trading partners are Finland, Sweden, Germany, Russia, and Latvia. The country’s principal exports include machinery and equipment, timber, textiles, metal and metal products, and processed foodstuffs. The country’s principal imports include machinery and equipment, vehicles and transport equipment, and chemicals. In addition to membership in the EU, Estonia joined the World Trade Organization (WTO) in 1999.
ADVANTAGES
The business opportunities in Estonia are very favorable to the needs of the start-up business as it offers a low taxation rate, less setup, and operational cost, a convenient registration process, and much more.
Business Environment
The business environment of Estonia is more favorable to the companies as the economic policies are framed to invite foreign direct investment from various businesses. The policies are aimed at inviting long-term investments for archiving long-term economic growth. Due to relaxation in the registration process, many companies are willing to invest in Estonia.
Legal Perspective
Estonia systematically updated its legal system after it regained its independence. The legal structure of Estonia favors an entrepreneurial mindset. Foreign entrepreneurs are placed on the same footing as local entrepreneurs. Foreign business entities in Estonia are subject to the same accounting obligations as local business entities. They are obliged to submit financial statements at such periodic times as prescribed.
