Part V: Entrepreneurship in Estonia Part V of the material provides an overview of the Estonian economy and business environment. It introduces the opportunities to found a company, as well as various possible legal forms of companies. A short overview is provided about the requirements for accounting and au-
What makes Estonian business environment attractive?
diting as well as opportunities to find suitable employees, office premises and funding sources for a company. The material also introduces the Company Registration Portal and the organisations supporting entrepreneurship, enterprise networks and Estonian start-up community.
5.1. Economic and business environment Estonia has an investment-friendly taxation system and transparent and functioning legislation. High degree of economic freedom, low national debt, belonging to the euro zone, low cor-
ruption index, e-variety of e-services, mobile communications and internet applications – all these factors show that Estonia has a stable and innovative business environment.
GDP by areas of activity and consumption components, 2018 Current prices, million euros
Share of total added value, %
Agriculture, forestry and fishery
572,2
2,6
Mining industry
239,8
1,1
Processing industry
3427,2
15,4
Electricity and natural gas supply
778,6
3,5
Water supply; waste handling
190,9
0,9
Construction
1722,8
7,7
Wholesale and retail trade
2619,2
11,7
Transportation and warehousing
1636,9
7,3
Accommodation and catering
447,0
2,0
Information and communication
1347,6
6,0
Financial and insurance activities
877,3
3,9
Real estate activities
2246,3
10,1
Professional, research and technology activities
1336,3
6,0
841,3
3,8
Public administration and national defence
1520,5
6,8
Education
1054,4
4,7
Healthcare and social welfare
903,5
4,1
Arts, recreation and free time
340,7
1,5
Other service activities
200,8
0,9
Administrative and helper activities
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