Estonia Flashcards

1
Q

estonia: That capital of Estonia is

A

Tallinn

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2
Q

estonia: Estonia and israel have a

A

tax treaty

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3
Q

estonia: An acceptable reason to allow you to open a bank account with LHV is

A

Wanting to invest in the Estonian and Baltic stock market

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4
Q

estonia: Businesses registered in Estonia are

A

by default considered to be tax resident in Estonia.

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5
Q

estonia: If revenue is reinvested into your Estonian company

A

there is no tax

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6
Q

IL EE tax treaty: The profits of an enterprise of a contracting state

A

shall only be taxable in that state unless the enterprise carries on business in the other contracting state through a permanent establishment situated therein.

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7
Q

Estonia: In order to open a bank account with most banks in Estonia, you must show that

A

you have a strong connection to Estonia.
e.g.
You live in Estonia long-term
You are Estonian (but may currently live elsewhere)
Your parents are Estonian
You’re employed by an Estonian company
You own or manage one or more businesses that are physically located in Estonia
You own property in Estonia

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8
Q

Estonia: The only bank likely to give me a bank account is

A

LHV (Estonia based)

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9
Q

Estonia: LHV is

A

a mid-sized, modern Estonian bank with roots as an investment firm.

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10
Q

Estonia: If you want an LHV debit card

A

you will likely have to wait a week after opening the account

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11
Q

Estonia: There are social taxes totaling around 35% for

A

employees and directors that perform their services within Estonia.

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