Estonia - Market Overview Estonia - Market Overview
It takes under 20 minutes to establish a company on the Internet in Estonia and companies registered in Estonia do not have to pay income tax for re-invested profits. Foreign and domestic investments in Estonia are treated equally under the law. 99 percent of banking transactions in Estonia are conducted electronically.
GDP growth in 2018was at 3.9 percent and the prognosis for 2019 is estimated at 3.1 percent. The tightening labor market is putting continuing upward pressure on salaries. According to the U.S. Census Bureau’s Foreign Trade Division, in 2018, the principal exports from the United States were computer and electronic products, machinery and agricultural products. U.S. exports to Estonia were 347 million USD and Estonian exports to U.S. 955 million USD.
Estonian membership in the EU has not had major bilateral trade implications for the United States. Estonia’s main trading partners are Finland, Sweden, Germany and Russia, while the U.S. share in trade is approximately 1 percent. Estonia has well-developed ports and transit infrastructure that would serve European trade with Eastern partners, including Russia.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.