Estonia Flashcards
estonia: That capital of Estonia is
Tallinn
estonia: Estonia and israel have a
tax treaty
estonia: An acceptable reason to allow you to open a bank account with LHV is
Wanting to invest in the Estonian and Baltic stock market
estonia: Businesses registered in Estonia are
by default considered to be tax resident in Estonia.
estonia: If revenue is reinvested into your Estonian company
there is no tax
IL EE tax treaty: The profits of an enterprise of a contracting state
shall only be taxable in that state unless the enterprise carries on business in the other contracting state through a permanent establishment situated therein.
Estonia: In order to open a bank account with most banks in Estonia, you must show that
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
Estonia: The only bank likely to give me a bank account is
LHV (Estonia based)
Estonia: LHV is
a mid-sized, modern Estonian bank with roots as an investment firm.
Estonia: If you want an LHV debit card
you will likely have to wait a week after opening the account
Estonia: There are social taxes totaling around 35% for
employees and directors that perform their services within Estonia.