21–30 of 203 posts
I find more intriguing/interesting than the whole actual Estonian e-id/whatever technological achievements, that the President of a country writes an article (of course not very critical on the way the governement administration is managed) on qz.com.
A lot is said about Estonia but Lithuania is better positioned and grows faster than Estonia. It's interesting but to me Estonia cant quite compete with its neighbors to the point of becoming wealthier than they are now.
Finnish entrepreneurs are being denied bank accounts despite the close ties of the two countries: https://www.hs.fi/talous/art-2000006279056.html (Article in Finnish only, sorry)
The background for this change is a huge money laundering scandal where Estonian banks took in Russian money over decades with very few questions asked... It sucks that "little guy" startup founders are the ones getting excluded, but that's how it goes.
I've run and invested in businesses in multiple countries (Spain, Germany, US, UAE, Sri Lanka). One of them (Mobile Jazz - a fully remote company) we've moved to Estonia in 2016. One of the best business decisions we've made admin-wise. While there are for sure better alternatives when it comes to "saving on taxes" (I'd say Estonia is in the European average with 20% corporate tax and an interesting taxation model on…
Important to note that this 20% corporate tax is applied to the taxable payment (e.g. dividend payouts). There are no taxes to pay for the yearly profit, which makes it much easier for companies that do plan to reinvest the income over the years or just hold it. Also, one should probably have employees or customers physically in Estonia, otherwise the company tax residency might change into other jurisdictions.. IANA…
You no longer need physical presence with their e-Residency program.
I find more intriguing/interesting than the whole actual Estonian e-id/whatever technological achievements, that the President of a country writes an article (of course not very critical on the way the governement administration is managed) on qz.com.
My personal favorite is their wireless PSTN: Take existing NMT technology and give people tabletop terminals that will accommodate ordinary analog phones.
A lot is said about Estonia but Lithuania is better positioned and grows faster than Estonia. It's interesting but to me Estonia cant quite compete with its neighbors to the point of becoming wealthier than they are now.
I think this competitevness is stupid and Baltic countries should stand together because of so much history.
I've run and invested in businesses in multiple countries (Spain, Germany, US, UAE, Sri Lanka). One of them (Mobile Jazz - a fully remote company) we've moved to Estonia in 2016. One of the best business decisions we've made admin-wise. While there are for sure better alternatives when it comes to "saving on taxes" (I'd say Estonia is in the European average with 20% corporate tax and an interesting taxation model on…
Important to note that this 20% corporate tax is applied to the taxable payment (e.g. dividend payouts). There are no taxes to pay for the yearly profit, which makes it much easier for companies that do plan to reinvest the income over the years or just hold it. Also, one should probably have employees or customers physically in Estonia, otherwise the company tax residency might change into other jurisdictions.. IANA…
Earlier quoted context omitted.
Important to note that this 20% corporate tax is applied to the taxable payment (e.g. dividend payouts). There are no taxes to pay for the yearly profit, which makes it much easier for companies that do plan to reinvest the income over the years or just hold it. Also, one should probably have employees or customers physically in Estonia, otherwise the company tax residency might change into other jurisdictions.. IANA…
> Also, one should probably have employees or customers physically in Estonia, otherwise the company tax residency might change into other jurisdictions.. IANAL. You no longer need physical presence with their e-Residency program. [1] https://e-resident.gov.ee