The E-residency has been developed by the Estonian state in order to simplify the residency issues to foreign people and investors. The principal advantage offered by an e-residency card is that it facilitates the access to the public and private sector, even for those who don’t live in this country. Our law firm in Estonia can answer to your questions regarding the eligibility for an e-residency card in this country and can help you through the application.
Income tax and excise duty are going to be dropped by the agreement of the representatives of three Estonian parties, the Center Party, Social Democrat Party, and Pro Patria Res Publica Union (IRL). The main purpose of this decision is to make the business environment in this country a more competitive one. If you want to profit of the latest policies concerning taxation, our law firm in Estonia provides tax planning and advice for companies and foreign investors in this country.
According to the last economic freedom index, Estonia was ranked the eighth freest economy in the world, and the second freest in Europe. The economic freedom index is published by the Heritage Foundation in Washington DC on an annual basis.
Banks in Estonia are considered the most profitable in the Eurozone and the European Union as well, according to the European Central Bank. Estonian banks surpass other European banks in terms of return on assets (ROA) and return on owner’s equity (ROE). The return on assets shows how the bank uses the client’s assets and the return on owner’s equity shows how the bank uses the owner’s capital.
The relocation of a business to another country can often prove a wise choice for investors. Estonia is one of the Baltic States that have progressed a lot in providing foreign investors a welcoming business environment and investment incentives for establishing new companies in the country. Some of these incentives refer to the economic free trade zones. Estonia has four economic free trade zones that mainly offer companies tax exemptions but other tax minimization solutions can also be employed while operating in one of these free zones. Estonia’s free trade zones are Paldiski, Muuga, Sillamäe and Valga. While the first three are active, Valga is not used anymore. Free trade zones can be defined as economic areas located in a specific geographical location that can allow goods to be processed and stocked and where enterprises are not required to pay customs or certain taxes.
According to Statistics Estonia, the real estate property market has reached its peak at the beginning of 2014. Investors started to see the opportunity Estonian real estate properties represent. Along with the transaction numbers going up, so did the value of the properties purchased. Loans have very attractive interest rates which makes real estate properties in Estonia a very successful investment tool. Compared to other Baltic states, Estonia has delivered the biggest real estate property purchase raise since 2011.