Business start up in Estonia
A tiny superpower?
Estonia is roughly the same size as Switzerland. But with 6x fewer people, just 1.3 million, we compensate in other ways. As any tiny overachiever would. Our superpower? Startups.
Noting this, successive governments have been eager to cement Estonia’s reputation as a startup miracle. They’ve adapted laws to reflect fast-growing companies’ needs, from introducing startup visas to killing silly rules that held founders back.
Being small is great
We move fast. We have to. The community here is vocal, demanding, and rightfully so. Estonia’s two top cities, Tallinn and Tartu, host full-blown startup ecosystems with 500+ events, 70+ community groups, experienced mentors, and 140 business angels.
The Estonian startup scene is supportive, tight-knit, and eager to learn by sharing. Unlike in hyper-protective startup “communities” elsewhere, we’re not that into NDAs. The sign of an insecure amateur founder. Ideas are cheap. Execution is key.
Your startup OS and unfair growth hormone.
Big says it’ll get back to you in six months. Big’s a fat cat. How about some thin and agile? Estonia has worked hard to alleviate the pain of building your startup. Think of it as a fast, invisible OS that gets out of your way.
You’ve heard the pitch: Run your business almost entirely online, report automatically pre-filled taxes in a few clicks, and use mobile ID to sign legal documents on your phone. It’s true and it works. Want more? How about special startup visas and no corporate income tax. Government services are meant to run in the background and stay out of your way.
Run it from here. Execute anywhere.
Estonia isn’t your market. We’re your accelerator. Find your product/market fit, get ready to scale, and run your lines to where your client is.
Use Estonia as your base for anything that doesn’t need your physical presence elsewhere. Take Taxify. Launched in 2013 and a unicorn since 2018, it operates rides in 27 countries, but has kept its HQ and largest office in Tallinn, Estonia.
Estonia also makes financial sense. Your burn rate will be lower than in most other startup hotspots. Stretch that runway. Plug into the Estonian OS and run your European business.
Responsive digital government.
Ignore the lazy stereotype. Most Estonians you’ll meet are a sincere, business-minded people with a chill attitude. And we really trust our government.
Yes, we still complain about certain people or initiatives. But at the core, there’s solid, earned trust in government institutions and the technology it employs.
Estonians have digitally signed binding documents since 2002 and voted online since 2005. We keep digital health records and other personal data online — with baked-in safeguards against unwarranted government monitoring. Public services are digital, transparent, and secure.
€500m in available funding.
Several new seed funds and VCs are chasing world-changing ideas, and are all easily approachable. In addition to individual angels (see EstBAN), try Karma.vc, Superangel, Trind.vc, United Angels, Change Ventures, Tera.vc.
There is more than enough funding available. Given the size of this country, the €500m warchest total is quite stunning.
Quality of life before you’re acquired.
Burnout doesn’t have to be a thing. Eat well, sleep well, think well. In Estonia, you don’t have to choose between your business and your life. Why would you, anyway?
Balance is key. Otherworldly bogs and peaceful forests are no more than 30 minutes away. (Yay for being #4 in global air quality.) And there is room for everyone — Estonian population density is 4x less than the EU average. We like our personal space. Space is good.
Safe. Online and off.
If anything defines this small country, nimble and resilient comes to mind. Having endured foreign occupations, Estonia got back on its feet in no time.
In 2007, it was the first country to suffer a state-sponsored cyber attack. We got the message and built superb defensive capabilities.
Estonia organizes the world’s largest cyber-warfare drills and is the home to Guardtime, the world’s biggest blockchain company. In 2017, Estonia ranked first in the Global Cyber Security Index, and hosts NATO’s Cyber Defence HQ, and the EU’s IT agency.
As we have in our team, people from Middle East and from Asia, we understand you better. We know what does it mean slowly by slowly in your culture. Usually when you contact a business start-up service provider in Estonia, they make it very difficult and expensive. But our aim is to make your business establishment as easier and affordable as possible.
Why Legal Baltic?
The list of the businesses for sale is constantly changing. Warranty is granted for all offers and a specialist, who will thoroughly teach you to work with a given company and business in Estonia, is assigned free of charge for a month.
With a strong track record in assisting international consortia in proposal preparation, contract negotiation, and project implementation, Legal Baltic consults scientists, researchers and innovative companies in the area of EU research and project management.
We offer all entrepreneurs from all around the world, also the opportunity to consult your needs in more detail with us, drop us a line through Contact Us or simply via email. You may also call us to request our professional advice and to further discuss your organization’s needs.