Estonia

Finexa Partners OÜ, Estonia – Global Accounting Alliance Member

Economic Overview & Business Opportunities – Estonia

For anyone thinking about starting a business in Estonia, this guide is for you. Let’s take a brief look at Estonia and discover why you should consider this your next place of business.

Economic Overview

The economy in Estonia is relatively stable, given the fact that it is one of the most digitally advanced societies in the European Union (EU). As a member of the EU, NATO, OECD, Eurozone, and ​​Schengen Area, Estonia enjoys economic stability.

Foreign investors view Estonia as one of the more desirable locations to start a business because corporate tax is 0%. Levels of bureaucracy are relatively low, making it one of the friendliest and fastest growing business hubs in the EU region.

 

Business Opportunities

As one of the most business friendly countries in the EU, Estonia is the place to be. Especially for the budding foreign entrepreneur looking for their next setup. In fact, the Estonian Government is so supportive of foreign investment that they have started an e-Residency system.

The e-Residency system is an ID card that is issued by the Government that is meant to help individuals quickly and easily sign documents online. Since the company setup process in Estonia is online, the e-Residency system makes it even easier.

If you don’t have an e-Residency card, it is still possible to set up a business in Estonia. You will need to collaborate with an authorised  professional service provider like 3E Accounting to do it.

Being digitally advanced means there are plenty of business opportunities in Estonia. Some possible business opportunities include the following:

• Fintech
• Cybersecurity
• Electronics and Internet of Things (IoT)
• Greentech
• Cleantech
• Metaverse
• Risk Capital
• Food and Beverage
• IT Research and Development
• Business services
• Blockchain
• Logistics
• Bioeconomy
• e-Health
• Marine industries
• Mechanical engineering
• Digital logistics
• e-Commerce
• Energy sector
• Industrial digitalisation

 

There is no shortage of opportunities available in Estonia. It’s all about finding the right one.

 

Set Up A Business in Estonia Today

Has this article convinced you that starting a business in Estonia is the right decision? We couldn’t agree with you more. That is why our Estonia Company Incorporation Services are exactly what you’re looking for.

Setting up a business abroad is always unfamiliar territory. But our team is on hand to help make the transition easier. With decades of experience under our belt, your business couldn’t be in better hands. Come speak to the 3E Accounting team today and let us help you set up a business in Estonia.