Estonia joined the European union on the 1st May 2004 and joined the Euro currency on the 1st January 2011. 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.
This is a country with an exceptional business environment that has allowed highly successful companies to flourish. 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. The combination of relatively low wages with good technical and language skills and high productivity levels has proved the key to success for many companies that have set up in Estonia.
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 countries.
Estonia neighbors are Finland, Sweden, Latvia and Russia. Estonia is a country located at the heart of the Baltic Sea Region – One of Europe’s fastest-growing markets. Estonia is easily accessible, both from a logistical and social point of view – Tallinn, the capital of Estonia is within 3 hours flight from major European capitals, also container shipping is frequent and on all major planned routes through Europe.
Business language is English.
For more information about Estonia please visit the following Estonia official webpage: www.estonia.eu