Estonia, a former soviet state has now emerged as the world’s most technologically advanced countries in the world. This democracy made up of just over 1.3 million inhabitants has been at the epicenter of technology in the modern age in all aspects.
Few years ago, Estonia gave birth the Skype, Kazaa and Hotmail. This small country is described and is well known as one of the most wired countries globally and in 2007 allowed on-line voting in a general election. The rich technological infrastructure has made Estonia a pioneer in terms of e-government, allowing citizens to pay for their parking spaces using their mobile phones, access the nationwide electronic health record system with a click of a button and providing software programming courses in primary school to prepare students for a world in which it is inevitable to use technology.
The government of Estonia has embraced technology and the county in 2002 had introduced an electronic ID card system, allowing citizens to have access to various public services on the web with the guarantee that their data is safe and protected. The citizens of Estonia can use the same card for various activities ranging from transportation to voting.
Estonia in combination with its enthusiasm for embracing technology has an investment-friendly taxation system, a transparent and functioning judicial system, liberal economic policy. International organizations like the Word Bank, World Economic Forum have acknowledged the Estonian economy as very open and competitive. Estonia ranks 8th in the Index of Economic Freedom, 16th in Ease of Doing Business Report 2016, 30th in Global Competitiveness and has achieved some of the highest international credit ratings in the region.
These positive rankings and stability has encouraged individuals and companies to take notice of the countries user-friendly business environment attracting a great number of foreign investors and large multinationals such as Ericsson, Kuehne & Nagel, Symantec amongst many others.
Estonia is a perfect place to do business, especially in the ICT sector with its innovative talent pool, deep supply of experience. If you are interested in registering a company in Estonia (click link), Healy Consultants Group will be pleased to assist you.
For further information about investing in Estonia please look at the Estonian investment agency website.