Estonia – Business Tours, Inspirations, Networks

We have put together a few reasons:

• Have a company, do business and work with e-residency from anywhere in the world.
• More time for business activities and less hassle with administration.
• Most companies in Estonia are either micro-enterprises or small and medium-sized enterprises.
• 18 minutes to start a business, VAT number automatically received mostly within the next 1-2 days.
• Access to specialists: at least a bachelor’s degree, more language skills than just English, very good availability of commercial specialists.
• The available working hours of employees are in the top third of the OECD comparison, with Germany in last place with the lowest working hours globally.¹⁶
• No corporate tax –> profits can be used for investments.
• Ministries coomunicate in 3 languages (Estonian, English, Russian).
• Innovative spirit – Start-up Campus Ülemiste is a private site of 36 hectares and currently 160,000 square meters of office space with around 14,000 talents. Ideal for testing autonomous vehicles and other exciting things.
• Two innovative universities (TalTec in Tallinn and University in Tartu) with access for projects.
• Home of NATO Cooperative Cyber Defense Center of Excellence and EU IT Agency (eu-LISA).
• 10 unicorns – and thus the most unicorns in the world per capita.¹³
• 1st country in the world to deploy blockchain technology in production system.^{4, 18} Technology is KSI Blockchain, which is also used by NATO and the U.S. Department of Defense.¹⁸ Sensitive data is exchanged via X-Road technology.¹⁸
• 1st place number of start-ups per capita by country.^{1, 11, 20}
• 1st place as most entreprenerial country in Europe fir entrepreneurial activities.^{1, 24}
• 1st place of country for digital life.⁹
• 1st place of most optimistic people in Europe.^{14, 19, 25}
• 1st place in the OECD Tax Competitiveness Index.^{5, 22}
• 1st place for the most competitive individual tax system in the OECD.^{10, 21}
• 1st place in the PISA-study within Europe and 3rd in the world.¹⁷
• 1st in Europe in terms of GDP investments in new infrastructure.⁶
• 1st place #SmartHealth System.²
• 2nd place in the degree of internet freedom worldwide.⁸
• 3rd place in the the most transparent and least corrupt system economic environment in Europe and 6th in the world.²³
• 3rd place in the World Freedom Index (a global measurement of personal, civil and economic freedom.⁷
• 3rd place on the Global Cyber Security Index.^{3, 15}
• 4th best urban air quality in Tallinn within Europe.^{5, 26}

Are you considering founding one in Estonia? Then let us advise you.

Be part of a delegation of entrepreneurs, self-employed and people who engage for liefelong learning. Get inspiration from company visits, visits from start-ups, accelerators, business angels & investors, pitch possibility (?), mindest, spirit, learning from others for your own company, networks, awareness-raising, future technology and getting to know new business models, tips and ideas from other companies, learn about future trends, discussions with experts.

Do you still have questions about the business trip to Estonia? Then get in touch with us.

It’s so simple it seems unreal. To set up a business, you apply for e-residency. With the e-Residency card you can log in to the register and set up a company. Choose a name, choose the field of your business activity and register the company. Open a bank account. Depending on the company’s activity, special licenses may be required. You will be informed about this. Make your shareholder contribution directly online. You will usually receive the register entry within 1-2 days. Approx. 1-2 days later you will receive the VAT number after the application, usually after you have been entered in the register. Employees – not shareholders – are to be registered in the Employee Registry – online, of course.

Do you have questions about founding a company in Estonia? Then we would be happy to advise you.