Estonia covers an area of 45 227 sq km neighboring Finland,
Sweden, Latvia and Russia.
50% of Estonian land is covered by forests.
Estonian climate is humid and temperate.
30% of Estonia's 1,34 million population lives in the capital
Estonia is among the least densely populated countries in the
Estonians are Finnic people with the Estonian and Finnish
languages sharing many similarities.
Over the centuries, Estonians have been subjected to Danish,
Teutonic, Swedish and Russian rule.
Estonia regained its independence on 20 August 1991 and has
since embarked on a rapid program of social and economic
reform.Estonia joined both EU and NATO is 2004.
Estonia is a country located at the heart of the Baltic Sea Region -
Europe's fastest-growing market of more than 90 million people. It
is a country described by political
and economic stability , accessibility ,
cost of doing business and investor
Since joining the European Union and NATO in 2004, Estonia has
experienced phenomenal economic growth. Today, Estonia´s
government debt is among the lowest in Europe and the economy has
shown considerable endurance to the global economic crisis.
Estonia is accessible, both from a logistical and social point of
view - Tallinn is within 3 hours flight from major European capitals
and the power distance is very low. Also, as a front-runner is
applying modern IT solutions, communications technology makes
distances in Estonia irrelevant.
Estonia is ranked among the top 25 out of all countries in the Ease
of Doing Business index by The World Bank Group. Estonian business
life has largely reoriented from the east to the west and today, the
business regulation is less rigid than in the neighbouring Nordic
The Estonian cost level is gradually converging with the surrounding
European Union, but still there are meaningful differences. Estonian
taxes are low and simple, and labour costs are third of those in
Sweden or Finland.
Foreign investors have played a decisive role in building the
Estonian economy. Estonia has not based its attraction of FDI on
specially designed support schemes but it is our favourable business
environment that makes the difference.
This is a country with an exceptional business environment that has
allowed highly successful companies like SKYPE ( www.skype.com ), Playtech (
www.playtech.com ), Swedbank
( www.swedbank.com ),
Ericsson ( www.ericsson.com ),
Tallink Group ( www.tallink.com ), ABB (
www.abb.com ), Elcoteq ( www.elcoteq.com ) and
others to flourish.
We live in a Nordic country. That means unspoilt nature, mercilessly
harsh weather, white nights and dark days.
It also means the strict discipline required from us by our climate -
clear shapes, quality in both thinking and action, as well as
sustainable development and concern for the future.
We have inhabited this land for thousands of years. This is
phenomenal in the whole of Europe and rare in the world.
We have been daunted by various wars and foreign domination but we're
still here. This provides us with a historical background that is
unique in the world.
There is heroic romance in our rootedness. It also gives us unique
language and traditions.
The eastern influence
We ourselves come from the east, and many people have come there from
the east since. It would be naïve to think that we have no
relation with the [land of the] rising sun.
We have inherited our generally quite hospitable nature from the
east. Also, our present educational background has discernible
Logistically, we are located in a complex place. We straddle the sea,
land, forest and various cultures. Throughout our existence, we have
had to adapt to different influences and restrictions.
We are adapters. Today our e- and m-thinking is a good example of our
adaptability. We are pioneers who apply efficient means and do so
Many exciting contrasts
We have ancient history and high-tech, eastern hospitality and
northern conservativeness, a liberal economic environment and
It is amazing how a people with a strong inner angst can acquire new
stills so easily, or how odd a tradition is for an introverted
Nordic people to form huge choirs every once in a while and sing
Estonia can offer a progressive business environment with an
efficient and compatible infrastructure. Our e-services, mobile
communications and internet applications are among the most
progressive in the world. Estonians are adaptable towards new
technologies, and use them willingly.
At the same time, our Nordic influence gives investors a transparent,
clearly defined, sincere and honest partner who is considerate,
rational and not very talkative. The Estonian approach is functional
and one that creates timeless value. Our natural resources are
powerful and accessible.
As an added value, rootedness is like a guarantee that Estonians do
not give up and would rather break their arm than a promise they
have given. Perseverance and culture are a good basis for long-term
plans in any area of business.
Business at a glance
Estonia has been ranked 14th in the Index of Economic Freedom
(2011, Wall Street Journal/The Heritage Foundation), 17th in
the Ease of Doing Business Report (2011, World Bank), and
35th in the Global Competitiveness Report (2010, World
Estonia has some of the highest credit ratings in the region
(Fitch IBCA, Standard & Poor's, Moody's).
Estonia is a member of euro area as of January 1, 2011.
0% corporate income tax is imposed on all reinvested earnings
The Estonian cost level is still significantly lower than
that of neighboring Scandinavian countries.
In Estonia, all capital is treated equally, foreign or
Estonia is a member of the International Center for the
Settlement of Investment Disputes, the Multilateral
Investment Guarantee Agency, and the New York
Estonia is the leading country in Central and Eastern Europe
in terms of attracting foreign direct investments.
Estonia is one of the leading countries in the world in
creating and implementing e-government solutions and cyber
Estonia is within 3 hours flight from most major European,
Scandinavian and Russian cities.
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