invest in estonia

Menu
icon-small-x

Lower taxes bring Toyota WRC team to Estonia

According to Finland's Ilta Sanomat, the Japanese-Finnish rally team Toyota Gazoo Racing is transferring its operations to Estonia mainly for tax purposes.

The costs of running a world rally team are high with even one rear spoiler of a rally car costing several thousand euros, according to the newspaper. With 0% corporate income tax on reinvested or retained profits, Estonia’s tax system offers a considerable advantage over that of Finland.

At the same time, teamleader Tommi Mäkinen stresses the logistical reasons for the move. For a WRC team it is much easier to operate across Europe and the World from Estonia than from Central Finland. So, the team’s home base will be split in two with half of the operations in Estonia.

Toyota’s main base in Estonia will be ready next year.

News & events

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