Estonia has been a member of the European Union since 2004 and adopted the euro as its official currency in 2011. It takes less than 20 minutes to establish a company in Estonia and registration can be completed entirely online. Companies registered in Estonia do not pay income tax on re-invested profits. Foreign and domestic investments in Estonia are treated equally under the law. Estonia has highly developed digital infrastructure with wide internet access, digital signatures, national identification cards, and most government services are online. Nearly 99 percent of banking transactions in Estonia are conducted electronically.
Estonia is the most transparent and the least corrupt country in the Central and Eastern Europe region – it was ranked 13th out of 180 counties on the 2024 Corruption Perception Index.
As of 2024, U.S.-Estonia bilateral trade reached USD 1.4 billion, reflecting a growing economic relationship. Principal U.S. exports to Estonia included Optical and Medical Instruments, Electrical Equipment and Parts, Machinery and Mechanical Appliances, Aerospace Products and Vehicles and Parts (source: U.S. Census Bureau). Estonia’s main trading partners are Finland, Sweden, Germany, Latvia, and Lithuania, while the U.S. share of Estonia’s foreign trade is approximately three percent, based on figures from the Estonian statistics agency.