Following Estonia’s re-independence in 1991, foreign entrepreneurs started flowing into the country. A significant number of subsidiaries of Finnish companies continue to be established in Estonia, and in addition, many individual entrepreneurs are relocating there. The number of service businesses has grown considerably. Today, many jobs can be done from anywhere, and clients can come from all over the world. For many, internationalization begins with moving to Estonia.
Advantages of Estonia
Estonia develops and markets itself as an entrepreneur-friendly environment for foreign investors, while also genuinely encouraging entrepreneurship. The country is politically stable and has a modern market economy. Estonia’s location and connections provide a strategic advantage. Starting a business in Estonia is easy, and bureaucracy is minimal. Foreigners have the same rights as local businesses, as well as the ability to buy and own real estate and land. Estonia remains cost-competitive compared to the Nordic countries and many other European nations.
According to a 2016 World Bank report, Estonia ranked 16th among 189 countries in terms of ease of doing business. Estonia is a leader in the IT sector and has a highly educated workforce. According to the 2016 national statistics report, 39.1% of the population had a higher education degree.
Should I Move to Estonia?
For Finnish entrepreneurs, relocating to Estonia is relatively easy. There are already many different players in the country, making it possible to find advice and contacts with some effort. Being part of business networks and utilizing the connections they provide is especially important in Estonia.
There are many Finnish entrepreneurs in Estonia, and an increasing number of families are moving to the country.