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December' 2014 | Archive | Blog

Advantages of the Estonian Free Trade Zones

2014-12-10

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 zonesEstonia 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 zonesEstonia’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.