#1 Tax Competitiveness Index 2019: Estonia has the world’s best tax system – no corporate income tax, no capital tax, no property transfer taxes
For the sixth year in a row, Estonia has the best tax code in the OECD, according to the freshly published Tax Competitiveness Index 2019.
The Estonian tax system with 0% corporate income tax is particularly suitable for companies that are planning rapid international growth – you can spend the funds you would otherwise pay as taxes to the government, on innovating.
A clear advantage of Estonia’s tax system is that companies spend less time on tax compliance than they would in any other country in the OECD.
In today’s globalized world, businesses can choose to invest in any number of countries throughout the world to find the highest rate of return. This means that businesses will look for countries with lower tax rates on investment to maximize their after-tax rate of return.
KOKO architects from Estonia have created the one-of-a-kind, contemporary, self-catering tourist lodge called “Skåpet” for the Norwegian Trekking Association in Frafjord Highlands on the south side of the Lysefjord, which opened to trekkers in 2016. “Skåpet” has been the most popular self-catering cabin of the whole trekking association network for the last 2 years with more than 4000 overnight stays registered in the cabin’s logbook.
Having invested 200+ million euros in innovative and environmentally friendly production, the paper company Estonian Cell AS was named Investor of the Year and Company of the Year at Estonian Entrepreneurship Awards 2019 gala.
“Throughout the last two decades, Heinzel Group has invested more than two hundred million into our modern pulp mill in Estonia. This state-of-the-art technology enables us to add more than 5 times value to local aspen wood,” said Siiri Lahe, Member of the Management Board of Estonian Cell.
#4 This is America and The World explores how Estonia became the most advanced digital country in the world
Cute parcel robots on the streets, driverless vehicles, no dumb paperwork, no bureaucracy (99% of banking is done online, 99% of public services are offered online 24/7, 99% of doctors’ prescriptions are digital, etc) – all this digitally well-organized and comfortable life gives residents of Estonia plenty of time to develop themselves and to come up with new IT solutions.
If you want to imagine what tomorrow will look like, come to Estonia or at least watch “This is America and The World with Dennis Wholey” revealing the secrets to success of the world’s leading digital nation.
Thirteen years ago, the surrounding area of the national airport in Estonia was nothing but a garbage dump next to some dilapidated housing. Today, the area boasts one of the most exciting and innovative business campuses in Europe. More than 10 000 people work in this increasingly smart part of town, today known as Ülemiste City, and it is a base for more than 400 companies. Smart and green city solutions are also being developed elsewhere in Estonia.
In addition of being a digital nation, Estonia has another advantage – people here know how to live a stress-free life.
“There is certain almost Zen-mentality in Estonia,” said Justin Petrone, an American writer who choose to move to Estonia.
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