Estonia History, Economy, and Culture

A former Soviet state on the Baltic Sea, Estonia gained its independence in 1991 with the fall of the Soviet Union. It is currently considered one of the success stories on the Baltic with an advanced and high-income economy. Estonians receive many benefits from the state, similar to western European countries, such as universal healthcare, free education, and extended maternity leave.

Estonia is one of the first countries to offer elections over the internet and also offers e-residency, which allows non-Estonians to access services such as company formations, banking, and taxation remotely, via a smart card in order to sign documents.

Its language, Estonian, is very closely related to Finnish, as is its cultural identity where many people identify with both Nordic as well as Baltic countries. For example, the sauna culture incorporates elements from its neighbors in Scandinavia. Estonia celebrates independence on February 24th each year.

Public Holidays

2021
April 2	Good Friday
April 4	Easter Sunday
May 1	Labor Day
May 23	Pentecost
June 23	Victory Day
June 24	Midsummer Day
August 20	Independence Restoration Day
December 24	Christmas Eve
December 25	Christmas Day
December 26	Boxing Day

Legal Entity Types

FIE (Füüsilisest isikust ettevõtja)
UÜ (Usaldusühing)
TÜ (Täisühing)
OÜ (Osaühing)
AS (Aktsiaselts)
Tulundusühistu
MTÜ (Mittetulundusühing)

Taxation

Corporate Tax: 0%, (20% on dividends), (14% on regular dividends)
Income Tax (Lowest Marginal Rate): 20%, (+ 33% social tax), (0% on dividends), (7% on regular dividends)
Income Tax (Highest Marginal Rate): 20%, (+ 33% social tax), (0% on dividends), (7% on regular dividends)
VAT/GST/Sales Tax: 20% (standard rate), 9% (reduced rate)

Available Banks

Bigbank
Coop Pank
Holm Bank
Inbank
LHV Pank
Luminor Bank
SEB Pank
Swedbank
TBB pank
Citadele banka Eesti filiaal
Folkefinans AS Eesti filiaal
Pohola Bank olc Eesti filiaal
Nordea Bank Abp Eesti filiaal
TF Bank AB (publ.) Eesti filiaal

Need more information about Estonia?

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