The number of IT professionals is rapidly growing all over the world. Estonia, many years ago, began the path to digitalization and is rightly considered the Silicon Valley in Europe.
Estonia ranks first in the number of unicorns per capita in Europe. Now it’s ten Estonian-founded companies — Skype, Pipedrive, Wise, Fortumo, Veriff, Playtech, GrabCAD, and others.
Startup Heatmap Europe Report 2022, which analyzes the potential of European cities for establishing and developing successful start-up companies, named Tallinn among the largest start-up centers in Europe. Compared to last year, Tallinn climbed up three positions into 6th place. Tallinn excelled in Ease of Doing Business metric as founders rated Tallinn as one of the top places with most favorable business regulations
Accessible Estonian startup ecosystem
Estonia has a busy, supportive, and open startup ecosystem eager to support ambitious individuals and startups. In total, there are more than 110 organizations in Estonia, that provide a wide range of services for startups. LEADLEX is one of them.
The number of startups is growing, mainly because of the structural market support and the opportunity to raise money. The general environment in Estonia is also supporting it with a lot of young people focused on technology and the internet.
A combination of factors contributed to that, including a digital governance system, e-residency, ID card, and the opportunity to establish and run a company online. Entrepreneurs from around the world can apply for the e-Residency program and incorporate a company in Estonia online. With this solution, you will get a digital ID, access to e-government services, and eventually fully remote business management.
Estonian Startup Visa
The Estonian Startup Visa helps non-EU founders grow their startups in Estonia, one of the world’s best places to start and run a company. It also eases the process for Estonian startups to hire non-EU talent. If your product packs innovation and has the potential to scale, the Estonian Startup Visa may be just the ticket.
To qualify for the Startup Visa, startups must first fill out an application detailing their business and team, which are then evaluated by a Startup Committee, consisting of members of the Estonian startup community.
Since the start of 2022, 733 global founders and startup employees have been granted temporary residency permits and visas to become part of the Estonian startup ecosystem. The top 3 countries for founders were Turkey, Russia and Iran, while the top 3 countries for employees were Russia, Brazil and India.
Estonian Digital Nomad Visa
As of August 1, 2020, eligible location-independent workers can apply for the chance to come to Estonia to live for up to a year with peace of mind that they can legally work. Estonia has already transformed the way a country serves people beyond its borders through programmes such as e-Residency. Now with the Digital Nomad Visa, Estonia is transforming how people in the world choose to work.
You can apply for the digital nomad visa if you meet the following requirements
- You are able to work independent of location
- You can perform your work duties remotely using telecommunications technology
- You either have an active employment contract with a company registered outside of Estonia, conduct business through your own company registered abroad, or work as a freelancer for clients mostly outside of Estonia.
- You can provide evidence that your income met the minimum threshold during the six months preceding the application. Currently, the monthly income threshold is €3504 (gross of tax).
In conclusion, a company incorporated in Estonia will suit you, even in case you do not plan to move. You can register and manage your Estonian company remotely from any country.
LEADLEX will support you in any business matter, while you rest on any beach in the world. We will help you enjoy the Estonian Startup ecosystem and legislation benefits.
For advice or help please contact us here
«You build a business, we build a defence» (c) LEADLEX law firm