This economy profile presents the Doing Business indicators for Estonia. To allow useful comparison, it also provides data for other selected economies (comparator economies) for each indicator. The data in this report are current as of June 1, 2014 (except for the paying taxes indicators, which cover the period...
Economic growth is projected to strengthen gradually. Strong wage growth will fuel private consumption and investment will recover somewhat. Export growth will pick up only slowly, however, hampered by weak economic growth in some of Estonia’s main trading partners.
The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.
According to the Commercial Code there are five forms of business entities, which are created by entry into the Commercial Register: private limited company, public limited company, general partnership, limited partnership, or commercial association.
Foreign investors who set up companies in Estonia should be informed about all the types of structures and their particularities. Only by knowing the differences between companies, can investors choose the most suited one for their business.
The Commercial Code provides for five types of business entities: general partnership (täisühing), limited partnership (usaldusühing), private limited company (osaühing), public limited company (aktsiaselts) and commercial association(tulundusühistu).
The e-Business Register is one of the first services of the Estonian Centre of Registers and Information Systems, being the basis for developing the Company Registration Portal and the Visualised Business Register.
The current VAT Act was introduced effective from 1 May 2004 when Estonia joined the EU. VAT as such was introduced in Estonia effective from 1992 and is known in Estonian as “käibemaks”.
Ministry of Foreign Affairs – Nationals of the European Union (EU), the European Economic Area (EEA) and any third-country national holding a residence permit of a Schengen State do not need a visa to enter Estonia.
Flexibility and openness are the characteristics and pervasive principles of Estonia’s economic policy. Estonia is an e-country with a favourable business climate and cost advantages that is also open to growth.