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Investors from Europe are welcome to travel to Estonia again from June 1

As Estonia's borders will be reopened for visitors from Europe from 1 June, investors from Europe can travel to Estonia again. Invest Estonia will, however, continue to offer virtual visits to both, citizens of the European Union and others.

The Estonian Government approved the decision to reopen the borders of Estonia from 1 June to passengers arriving from European countries. Estonia will admit people with no symptoms arriving from the European Union, the Schengen area, the United Kingdom of Great Britain and Northern Ireland.

“Allowing travel to Estonia from the European Union, the Schengen area and the United Kingdom of Great Britain and Northern Ireland is a major step towards restoring regular free movement. However, we must keep a close eye on the health of our people,” Foreign Minister Urmas Reinsalu said.

“The list of countries will be reviewed once a week,” Reinsalu told ERR.

For some visitors, quarantine is still compulsory, depending on the country the visitor is arriving on. If the relative coronavirus infection rate in the country of origin is above 15 (15 or more people per 100,000 inhabitants have been infected in the passenger’s country of origin in the past 14 days), a two-week-long quarantine is necessary.

Estonia has recovered from the corona virus fairly well. The emergency situation declared because of the pandemic was ended on May 17. Since April 30, the number of new confirmed coronavirus cases in the country has been under 20 (between 0 to 14) per day. According to ERR, on May 29, 31 people infected with COVID-19 were still being treated in hospitals.

Estonia is an attractive investment destination due its digital solutions and active startups

The interest of doing business and investing in Estonia has remained high and even increased during the COVID-19 lockdown. Some of the investment projects in Invest Estonia’s portfolio (e.g in the fields of IT and renewable energy) have even accelerated.

In difficult times of the world economy, Estonian technology companies continue to attract investments. Recently, Estonia’s unicorn Bolt raised €100M from Naya Capital. And Bolt isn’t the only one here. For example, Estonian startups askRobin and Dashbird also have completed their investment rounds successfully, writes. Estonian business environment is very promising for the future of business: Estonia is one of the most digitally enabled nations in the world: fast and flexible, tech-savvy and well-skilled.

Virtual business visits to Estonia

Estonian Investment Agency is using innovative technology to bring future investors to Estonia through virtual business visits. Invest Estonia has developed a special web environment to welcome investors on virtual business visits. Those are online events tailored to the needs of potential investors, allowing possible partners from Estonia to be met, business plans discussed and questions about Estonia’s business environment asked and answered completely online.

“We have created a really flexible solution for providing dedicated information pages for the virtual visits, where we add background information about possible partners in Estonia, the speakers featured in video calls and Estonia’s business environment, that are of great help during the virtual visits,” Marika Goldman, Events and Delegations Project Manager at the Estonian Investment Agency said. “We also provide dedicated live technical support to all the participants via a special support solution, so that the visits would go as planned from the technical side.”

As the virtual visits have been so popular, the Estonian Investment Agency is planning to keep using the innovative solution after borders across Europe have been re-opened. Then online visits can be combined with physical ones.

How to invest in Estonia?

Wish to invest or do business in Estonia? Our free e-Consulting service is here to help you. Just send us a request and you will be assigned a personal adviser who will help you go through the whole investment process (including a virtual business visit, if applicable).

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Need more information?

Need more information?

What is it like to run a business in Estonia? How to benefit from the e-solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?

The Estonian Investment Agency’s team is happy to help you via its complimentary e-Consulting service, organize online or offline follow-up events such as virtual investment visits and guide you through the fairly simple process of investing in Estonia.

Request e-consulting