Estonian tax law considers e-residents as non-residents. Therefore only their income derived in Estonia is taxable, with income originating from other countries not being subject to Estonian tax laws. In terms of taxation, a non-resident in Estonia is a private individual who spends less than 183 days in Estonia within any consecutive 12 months, which…

On 4th April 2016 in case number 3-3-1-75-15, the Estonian Supreme Court ruled that the exchange of cryptocurrency is a lawful business activity regulated by the Anti-Money Laundering Act and Terrorism Finance Act and in order to operate in cryptocurrency exchange, an applicant shall obtain an authorisation (known as a Provider of Alternatives Means of…

Anti-Money Laundering and Terrorism Finance Prevention Act On 27th November 2017 the Parliament of the Estonian Republic ratified a new Anti-Money Laundering and Terrorism Finance Prevention Act (hereafter referred to as AML Act 2017), which now imposes a whole new set of obligations for all companies registered in Estonia, their directors and shareholders. The new…

How to open corporate bank account. How to complete bank account applications and documentation. Existing options and challenges for licensed payment institutions, brokers and other licensed financial companies. What to expect when opening a corporate bank account Regardless of its line of business, every company needs a reliable banking relationship with a financial institution that…

The Estonian success story of being a technologically advanced country dates back to the 1990s when efficient and digital governing solutions were developed and implemented. Since then its digital infrastructure has continued to develop and mature. At one point it started gaining attention from abroad. Estonia’s e-government solutions have been exported to several countries since…

In terms of economic freedom, Estonia is ranked as one of the best in the world. In the 2016 Index of Economic Freedom (prepared by the Heritage Foundation) Estonia is placed 9th out of 178 countries. The Ease of Doing Business index published by the World Bank (2017) puts Estonia in 12th position. According to…