News & events

Besides cross country skiing and rally, filing income tax declarations has become one of the favourite national sports for Estonians. Each year, new records are broken as Estonia has the world’s best tax system: simple and online, quick and enabling fast payouts of returns.

Both, personal and corporate income tax can be declared more quickly than almost anywhere else in the world.

Estonia-based Auve Tech is developing a hydrogen-powered self-driving vehicle, to be completed by mid-2021. CEO Johannes Mossov shared his vision on the future of sustainable, self-driving cars, and the secret to the quick success of Auve Tech.

Invest Estonia celebrates the 103rd anniversary of the world’s most entrepreneurial country, the Republic of Estonia, with free tickets to a unicorn movie to spread entrepreneurial mindset.

Estonia’s fintech unicorn TransferWise is changing its name to Wise and aiming at building an entirely new cross-border payments network that they hope will one day power money without borders for everyone, everywhere.

In year 2020, the Estonian Investment Agency facilitated 160 million euros worth of foreign investments in Estonia and helped investors create more than 800 jobs. 66% of the investments went into the IT and 25% into the industrial sector.

In January 2021, Estonia became the only country in the world with a female president and female prime minister. At the same time, Estonia’s startup sector continues to bloom, with soon-to-be unicorns predicted and the Startup Visa programme bringing extra companies to grow here.

American biotech company Biogen opened a branch in Estonia in December 2020. Mikko Fernström, Executive Director of Biogen Estonia has a lot of praise for the speed of administrative processes in Estonia.

“We felt welcome in Estonia from the very first discussions. The Estonian administration has gone fully-digital and that made things very easy – especially during Corona. I think the rest of Western Europe still has lots to learn from Estonia in terms of running the administration efficiently,” Fernström says.