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Business Opportunities with and in Estonia


With a flat-rate income tax, a conservative budget policy, a currency board system, 100% profit repatriation and foreign ownership of land, Estonia is one of the most successful, business-friendly and rapidly developing countries not only in all of the Eastern and Central Europe, but in the community of nations as a whole.

Estonia is well positioned to become one of the major business hubs in the region. Memberships in the EU and in the World Trade Organisation (WTO) are offering additional boost for the expansion of foreign trade.

Following is a list of some useful Internet sites that cover the most important aspects of Estonia's economy and that can offer some insight of what it is like to participate in the development of this rapidly expanding economy.

If you are considering Estonia as a location for investments, the web-site of the Enterprise Estonia (Invest in Estonia) would be your best resource. There you can find information on the investment climate in Estonia, economic reviews, investment statistics and other factors that are important in the decision-making process involving capital allocations.

To give you information about Estonia's trade regime and Customs Act, the web site of the Estonian Tax and Customs Board is available to you.

A good source of statistics on Estonian exports and imports is maintained by the Office of Statistics. They can also reply to your specific requests for information and statistics not found on the site.

Reports on Estonian banking system and monetary policy framework, the latest statistics on the Estonian economy and chronicle of banking and monetary events are available on Bank of Estonia web site.

If you are interested in finding trading partners that could be your suppliers, distributors or retail agents, the Enterprise Estonia, Estonian Chamber of Commerce and Industry, Estonian Trade Council and Estonian Traders' Association are the most valuable sources of information for you. You could contact also British-Estonian Chamber of Commerce in Tallinn.

A list of sector specific Estonian business associations and unions (e.g. Clothing and Textile Association, Federation of Engineering Industries, The Estonian Woodworking Federation, Association of Information Technology and Telecommunication Companies etc) can be found here.

Good resources for the search of Estonian exporting companies are the Estonian Exporters Database and Estonian Trade. There are also some relatively comprehensive sector specific catalogues available in Internet, check them out too:

Estonian Furniture Directory
Estonian Timberhouse Industry
Estonian Engineering Industry
Estonian Textile Guide
Estonian Construction Materials
Estonian Subcontracting

Of course you may also find partners at the exhibitions. The exhibitions and fairs held at the Estonian Fairs Fair Center have a firm position in international fair calendars. The Estonian fair culture is internationally respected and the fairs held in Estonia are attractive to numerous foreign companies and visitors.
To run searches for companies in Estonia based on name or field of activity, try the Estonian version of the Yellow Pages or the Infoatlas.

In order to start trading in Estonia’s listed securities on the NASDAQ OMX Baltic securities market, please kindly take a look at http://www.nasdaqomxbaltic.com/ where you can find information regarding listed companies, relevant rules and regulations, contact information of member firms, online trading information etc.

In case you have further questions about the economy or business opportunities in Estonia or comments about the website, please contact the Embassy in London or the Enterprise Estonia Representative in London, Ms Tiina-Maria Väravas. Her contacts: 

Ms Tiina-Maria Väravas 
Director
Enterprise Estonia London
Warnford Court
29 Throgmorton Street
London EC2N 2AT
Phone +44 (0) 207 947 4365
Mobile (UK): +44 (0) 7545 271 963
E-mail: tiina.varavas@eas.ee

www.investinestonia.com

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