Estonia at glance

Official name
Republic of Estonia
Head of state
President
Government
Parlamentary democracy
Currency
Euro (€)
Memberships
EU, NATO, OECD, WTO, Eurozone, Schengen area
National day
24th of February, Independence Day
Total area
45,339 square km neighboring Finland, Sweden, Latvia and Russia
Population
1.31 million (2016)
Capital
Tallinn (423,000 inhabitants)
Other major cities
Tartu (94,000), Narva (58,000), Pärnu (40,000), Kohtla-Järve (36,000)
Language
Estonian and Russian. Other languages such as English, and Finnish are also widely spoken.
Major natural resources
Timber, oil shale, phosphorite, peat, limestone, dolomite
Time zone
GMT + 2 hours
Distances from Tallinn
Helsinki 85 km, Riga 307 km, St Petersburg 395 km, Stockholm 405 km, Vilnius 605 km
Flight times
Helsinki 35 min, Stockholm 1 h, Copenhagen 1 h 30 min, Moscow 1 h 40 min, Berlin 1 h 45 min, Amsterdam 2 h 20 min, London 2 h 45 min
Climate
Estonian climate is humid and temperate. 50% of Estonian land is covered by forests.

Business environment

Estonia is situated on a busy trading route between East and West and has always had excellent ports. Companies registered in Estonian do not have to pay income tax for re-invested profits. More than 65% of Estonian work force is working in the service sector. Estonian banking sector is very IT-related, quick and flexible. All Estonian towns and villages are covered by a network of public Internet access points. Tax is declared electronically online and is often prefilled. It is possible to affix a digital signature that is legally equal to a normal signature by the aid of an ID-card. All environments offering e-services have a possibility to access by the aid of ID-card. Estonia also offers e-Residency — a transnational digital identity available to anyone in the world. It takes only 15 minutes to establish an Estonian company on the Internet. Estonia is the state where m-parking system was commissioned first in the world. SKYPE was developed in Estonia. 99% of banking transactions in Estonia are effected electronically. Estonia is a member of the WTO, European Union, OECD and NATO. Foreign and domestic investments in Estonia are treated equally under the law.

Facts about Estonia

  • Estonia is situated on a busy trading route between East and West and has always had excellent ports.
  • Companies registered in Estonian do not have to pay income tax for re-invested profits.
  • More than 65% of Estonian work force is working in the service sector.
  • Estonian banking sector is very IT-related, quick and flexible.
  • All Estonian towns and villages are covered by a network of public Internet access points.
  • Tax is declared electronically online and is often prefilled.
  • It is possible to affix a digital signature that is legally equal to a normal signature by the aid of an ID-card.
  • All environments offering e-services have a possibility to access by the aid of ID-card.
  • Estonia also offers e-Residency — a transnational digital identity available to anyone in the world.
  • It takes only 15 minutes to establish an Estonian company on the Internet.
  • Estonia is the state where m-parking system was commissioned first in the world.
  • SKYPE was developed in Estonia.
  • 99% of banking transactions in Estonia are effected electronically.
  • Estonia is a member of the WTO, European Union, OECD and NATO.
  • Foreign and domestic investments in Estonia are treated equally under the law.

Estonian character

Nordic influence. 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.

Rootedness. 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 here from the east. 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 eastern influences.

Progress. 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 quickly.

Many exciting contrasts. We have ancient history and high-tech, eastern hospitality and northern conservativeness, a liberal economic environment and pristine nature. It is amazing how a people with a strong inner angst can acquire new skills so easily, or how odd a tradition is for an introverted Nordic people to form huge choirs every once in a while and sing together.

Contact

Parda TN, 8
Tallin, Estonia 10151

info@fincontrol.ee
(General Info)

accounting@fincontrol.ee (Accounting)

(+372) 53311715 (est/eng/fin/rus)

(+372) 62 82 278

(+372) 6282 278

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