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Doing Business in ESTONIA ESTONIA an Emerging (New) Scandinavian Country with a Strong and Stable Economy

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Doing Business in ESTONIA ESTONIA an Emerging (New) Scandinavian Country with a Strong and Stable Economy Doing Business in ESTONIA ESTONIA an Emerging (New) Scandinavian country with a strong and stable economy Member of Credit ratings: Area Population EU, Eurozone, OECD, Fitch A+ 45,339 km2 1.3 million (17,507 sq mile) NATO and S&P AA- Schengen Moody’s A1 Strategic Location What can ESTONIA Offer - on the trade roots between W & E - Port of Tallinn, the biggest port (cargo&passenger) a perfect location for on the EU side of the Baltic Sea; - tech manufacturing Modern Infra - service centers (incl. data centers) - excellent fiber connections to global data networks Power – self sufficient in electricity with added connections to Finland, Latvia and Russia Competitive Environment - 0% corporate income tax on re-invested profits Highly Qualified Labor - language, engineering, finance, IT skills Safe Geological Location - no volcanos, earthquakes, tornaados, - cool climate HIGH POSITION IN BUSINESS ENVIROMENT RANKINGS st rd 1 3 2nd 6th 29th in 23rd in in International in Index of in Internet in Trading Global Corruption Tax Economic Freedom Across Competitiveness Perceptions Competitiveness Freedom in EU Borders Report Index 2015 Index (9 th in 2015 the World) 2015 Wall Street Journal / Freedom 2015 World Economic Transparency Tax Foundation The Heritage House 2015 World Bank Forum International Foundation 2016 LOW RISK – POLITICALLY AND ECONOMICALLY STABLE POLITICAL LOWEST A BALANCED STABILITY GOVERNMENT AND FUTURE DEBT IN EUROPE ORIENTED STATE BUDGET SIMPLE AND FAVOURABLE TAX SYSTEM 0% Personal VAT: Social tax: Unemployment No The land Corporate income tax: 20% 33% insurance: property tax: income tax flat rate 2,6% tax from 0,1% on reinvested 20% of the to 2,5% profits gross salary EASY ADMINISTRATION ALL THE TAXES CAN BE DECLARED VIA E-TAX/E-CUSTOMS KEY SECTORS ICT TRANSPORT SHARED INDUSTRIAL ELECTRONICS and SERVICES MACHINERY LOGISTICS and SERVICES METALWORKING e-ESTONIA THE DIGITAL SOCIETY e-GOVERNANCE since 2000 MORE THAN 3300 DIGITAL SERVICES (public & private) 80% OF HOMES HAVE BROADBAND CONNECTION 99,8% OF BANK TRANSFERS ARE PERFORMED ELECTRONICALLY 95% OF INCOME TAX DECLARATIONS ARE MADE VIA THE E-TAX BOARD 25% OF VOTES WERE CAST OVER THE INTERNET ON 2013 MORE THAN 93% OF THE POPULATION HAS A DIGITAL ID-CARD e-RESIDENCY: a transnational digital identity available to anyone in the world interested in administering a location-independent business online. Enables secure and convenient digital services that facilitate credibility and trust online. Electronic ID card The key technology in Estonian e-Services • Estonia is a global pioneer in adopting electronic government. • Estonian electronic ID card: o obligatory certification document o the identity verification certificate o the digital signature certificate o is integrated with the unified national identification system, which eliminates the need for new certification platforms o meets the US Department of Defence security requirements • Growth in the use of new mobile ID which is based on the same infrastructure Progressive Infrastructure – Industrial Parks . Muuga Industrial Park, 75 ha - in Port of Tallinn (Muuga Harbour), the largest and deepest cargo port in Estonia. http://www.portoftallinn.com/muuga-industrial-park . Paldiski Industrial Park - 50 km west of Tallinn, it is the third largest harbour of the five harbours belonging to Port of Tallinn. A 21 ha industrial park area bordering on the harbour is developed. http://www.portoftallinn.com/paldiski-industrial-park . PAKRI Science & Industrial Park – 50 km west of Tallinn, ca 60ha of land, that gives the potential for ca 450000m2 of commercial, office and mix-used development, plus own energy grid. http://pakri.ee/ . SILPORT hinterland territory of 600 ha has the Free Zone status and is available for developing different terminals, distribution and manufacturing facilities. http://www.silport.ee/ . East-Virumaa Industrial Areas (SAIVTA) is developing 6 industrial parks in Ida-Viru County in Eastern Estonia, a key development area (close to the Russian border) http://www.ivia.ee/index_eng.php?nid=71&pid=2 First country to operate a nationwide EV fast chargers Network In March 2011, Estonia concluded a contract with Mitsubishi Corporation on the sale of emission allowances in the amount of 10 million AAU to launch the Electric Mobility Program for Estonia: Every main road in Estonia has a DC fast charger (CHAdeMO standard) at approximately every 50-60 km (200 chargers) www.elmo.ee/charging-network-2 Technology supplied and built by ABB (Switzerland) The payment and billing platform provided by NOW!Innovations (Estonia) ENTERPRISE ESTONIA Implementing Agency of EU Structural Funds in Estonia - financing agency (grants) for enterprises, R&D and non-profit institutions - budget 750 mln EUR for 2014-2020 - 280+ employees Investment, Trade, Tourism & Innovation Promotion assisting international companies to estonianize assisting Estonian companies to internationalize ESTONIAN INVESTMENT AGENCY » investinestonia.com a division inside Enterprise Estonia WE PROVIDE - Information on Investment opportunities Tallinn Estonia - Facilitation of contacts Hamburg Germany Tokyo Japan Paris France - Negotiation with authorities Helsinki Finland Saint-Petersburg Russia Amsterdam Netherlands - Aftercare services Stockholm Sweden London UK New Delhi India Silicon Valley USA Copenhagen Denmark www.estonia.eu www.workinestonia.com www.visitestonia.com/en www.studyinestonia.ee www.tradewithestonia.com www.researchinestonia.eu www.e-estonia.com Andrus Viirg Enterprise Estonia Silicon Valley [email protected] www.investinestonia.com www.investinestonia.com Software platforms for IOT Planet OS Thinnect Sensoid 3DPrinterOS Planet OS is the world’s leading provider of weather, environmental and geospatial data access and operational intelligence. The world’s second largest offshore wind farm runs on Planet OS Powerboard; and the company’s open data service, Datahub, provides access to thousands parameters of high-quality data collected by premier institutions around the world. www.planetos.com Data types integrated into POWERBOARD Thinnect IoT Local Network Service Provider Patented, wireless mesh networking (Mist Computing) Thinnect is applying the world's best wireless mesh networking technology to intelligent commercial lighting • 6x more reliable than a recently tested Zigbee Pro equivalent network. • we're bundling this with cloud-based NaaS so commercial LED lighting companies can sell the power saving benefits of intelligent lighting without the headaches of wireless network management • our networks don't require planning and are easily installed by electricians. We're making reliable intelligent commercial lighting networks simple, low cost and effortless to own. www.thinnect.com sensoid.net Smarter Buildings Sensoid adds AI/Machine Learning capability to Smart Home and other IoT systems We make smart homes smarter, by providing a learning capability to automatically reach objectives like energy saving, security and increased convenience. Provided as a cloud service, Sensoid integrates to services by utilities, telecoms, electronics and cloud providers. Our energy management services take advantage of fluctuating energy market prices (where available), monitor actual usage patterns and incorporate expert knowledge on different types of devices. www.sensoid.net 3DPrinterOS is built on a pure cloud/web/mobile architecture so it infinitely scalable and can be deployed privately for maximum security. Education facilities: Manage unlimited 3D printers, students and files from a single platform. Enterprises: Radically reduce the time from prototype to market With the 3DPrinterOS API you have access to: -STL Editor and Visualization Tools -Magic Fix for design repair and preparing -Direct streaming to supported printer types www.3dprinteros.com/ Hardware with IOT Click & Grow BIKEEP Cleantech Wazombi ReverseResources GOLIATH Wind Stigo Skeleton Technologies A Smart Garden for a modern life A self-watering garden that grows plants automatically. Grow any plant with zero effort. If we compare Click & Grow to a product, activity or phenomenon, the first thing we envision is a bonsai: you embark on a journey with this plant and get the sense of responsibility and balance as you watch it grow. Zen. What matters with the bonsai is not how you shape and alter the plant, but how it changes and alters you. It causes you to weigh decisions, seek solutions, and learn about things and about yourself. www.clickandgrow.com BIKEEP - a secure electronic bike-rack for locking personal bikes, charging E-bikes and P2P bike-sharing. • No need for a personal lock • Lock both frame & wheel • Distress signal transmission • E-bike charging • Utilization reports www.bikeep.com Turn your regular window shades into Smart Shades. Powered by the sun and easy to install. Smart Shades is easy to set up and operate via your smartphone. It’s wireless, automatic and remembers your weekly routines, to make your life bright, easy and convenient. No more expensive installation or buying new curtains, as Smart Shades retrofit to your existing window shades. www.wazombi.com/shades.html GOLIATH Wind a patented generator solution that ables to build large wind turbines with ring generators. The Capella 3 at a glance: • 3.33 Megawatt, 109 m rotor diameter, wind class IIA • lattice tower with 80, 100 and 120 m hub heights • gearless drive train • passive air cooling • redundant power conversion system • manually replaceable generator windings & magnets • Cyclos™ generator
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