Why UK businesses choose Estonia
Over 1,500 UK business choose Estonia as their Gateway to EU growth.
Across multinationals, startups, and freelancers the number is growing thanks to proven benefits.
Here are 5 reasons why UK businesses choose Estonia:
1. UK businesses choose Estonia for opportunities
Estonia offers opportunities in technology, defence, energy, business services, and industry.
As a global leader in technology, Estonia has unique skills, advanced digital infrastructure, and successful tech-driven solutions.
UK companies acquire Estonian companies or open greenfield service centres to access cutting-edge capability.
2. UK businesses choose Estonia for EU market access
An Estonian company is a proven solution for UK businesses seeking post-Brexit access to EU markets.
As a member of the EU and Eurozone, Estonian companies trade freely in a market of 450m consumers and EUR 18tn output, in a stable currency.
Estonian laws and procedures are synchronised with those of EU countries, in some cases interoperable, making it easy to trade.
3. UK businesses choose Estonia for efficient corporate management
Forming an Estonian company is easy. Minimum share capital and formation costs are low, from EUR 415 for e-Residency and state formation fees.
Ongoing costs are also low, from EUR 1,000 annually for accountancy and representation. Additional taxation and annual reporting costs may apply.
Corporate management is digital using electronic identity and digital contracts, streamlining admin and enabling remote corporate management.
4. UK businesses choose Estonia for its business environment
Estonia’s business environment is characterised by low red tape and is significantly more efficient than the UK.
Language proficiency is high, with state, commercial and financial services readily available in English.
Estonia and the UK have a positive long-term relationship. Double taxation treaties exist since 1994, and co-operation increases across business, politics, defence, education and culture.
5. UK businesses choose Estonia for its unique tax system
Estonia is one of the most competitive tax systems in the world, with a flat structure which reduces administration.
Corporate income tax is calculated at 22/78 (about 28%) when profits are distributed and 0% at all other times (versus the UK 19-25%).
An Estonian company can reinvest profits at zero tax and determines when its tax liability arises based on realised gains.
TrustBooks Services for Estonian companies
TrustBooks provides accountancy, taxation and consulting services to clients with an Estonian company. Our British and Estonian staff have extensive experience and language capability, contact us for a free consultation.
