Why Estonia voldik

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opportunities for European companies. What’s more, the competitiveness of the industry is further enhanced by the constant shift of foreign companies to higher value operations.

Foreign investors play a decisive role in the growing Estonian economy

Attracting FDI is based on creating a favourable business environment instead of creating special support schemes

Country of foreign investors

Estonian Investment and Trade Agency

www.investinestonia.com www.tradewithestonia.com www.visitestonia.com

Our mission is to ensure a competitive business environment for foreign investment and trade in Estonia, to raise the profile of the country among key audiences and to establish and develop business relationships with international companies.

Why Estonia?

Investinestonia.com

We provide prospective investors and trading partners with information and services at every stage of the decision process: • • • • • • • • •

General information inquiries Investment tours to Estonia Detailed investment proposals Partner search Site and property search Organising recruitment Advice on financing Negotiations with authorities Identifying sourcing opportunities For more information please contact us at invest@eas.ee or call +372 627 9700

Estonian Investment and Trade Agency Enterprise Estonia Lasnamäe 2, 11412 Tallinn, Estonia Tel: +372 627 9700 Fax: +372 627 9701 Contact us: invest@eas.ee trade@eas.ee

Key advantages include the well-educated and highlymotivated Estonian people, and the presence of major Nordic financial services providers. With its large foreign investments, Estonia has one of the most technologically advanced banking sectors in the world. Very attractive opportunities for shared services and back-office functions are available.

Why Estonia?

Finland

Norway Estonia Sweden

Russia

Latvia Belarus

Estonia is located at the heart of the Baltic Sea region.

Estonia – Western values with Nordic nature.

High end communications technology which makes distances insignificant

Why? This sector is a national priority that is well served by the technological ability of the Estonian people. The country has a highly developed communications infrastructure and has long been among the best connected countries in the world. As well as being home to highly successful companies like SKYPE, we have particular strengths in online security, e-governance and the implementation of mobile technologies.

Stability Member of the EU and NATO since 2004

One of the lowest government debts in Europe

Cost level below the EU average Labour costs are a third of those in Sweden and Finland Front-runner in applying modern IT solutions

Closeness

Transportation and logistics services

Low cost of doing business

Why? Thanks to our favourable geographic location, Estonia has been a centre of trade since medieval times. Today, our well-developed industrial infrastructure offers plenty of opportunities for investment and innovation in all areas of business. With its good transport links, Estonia is the ideal place for companies to establish efficient distribution chain management when targeting European and Russian markets.

Ease of doing business Business life is oriented to the west

Rapid economic growth during the last 10 years

Business and financial services Why? Estonia has extremely pro-business government policies – as well as a simple tax system – which have laid the foundations for a thriving business services sector.

Why? The development of this sector is a national priority for Estonia. The country has well-established research institutions, backed by the considerable academic achievements of more than 300 biotech scientists.

Biotechnology has been embraced in Estonia and is one of the fastest developing sectors. The industry has strong links with the Scandinavian scientific community and has notable strengths in medical biotechnology.

Taxes are low and simple

Ukraine

Information and communications technology

Stable economic environment

Within three hours flight from major European capitals

Logistically and socially accessible

Lithuania

Bio and medical technology

22nd in the World Bank Group’s Ease of Doing Business index Business regulation is less rigid than in the Nordic countries

Industrial machinery and metalworking Why? This is a technologically advanced industry on a comprehensive scale and with a long history of significant foreign investment from companies such as Cargotec and Stoneridge. High educational standards in engineering and a well-qualified labour force are key advantages for Estonia. Today, the sector is one of the fastest growing in the country, with many companies taking advantage of the attractive business and production environment.

Electronics and components Why? This is a large and very well developed industry that has benefited from significant foreign investments from major international companies such as ABB and Elcoteq. Again, thanks to the high educational standards in engineering, Estonia has a plentiful supply of skilled staff.

The sector boasts very favourable cost levels and – with key markets in close proximity – offers attractive investment