Situated on a busy trade route between east and west.
One of the most successful IT countries in the world. You can start a business in Estonia and run it from abroad using e-Residency.
- Railway connections
- Connecting roads to the St Petersburg and Moscow highways
- Cargo ports
- International flights
- Modern business environment
- World Trade Organization
- European Union & NATO (since 2004)
- Schengen area (since 2007)
- Eurozone (since 2011)
The most rapidly growing EU-Russia border region
The most important crossing post between the EU and Russia
Home to production by well-known companies: Aquaphor, Eastman, Nitrofert, VKG Group & Silmet
Region with industrial traditions dating back to 1856 (textile factory)
100 years of oil shale production
Expand your business into Estonia’s second-largest county, located on the border of the EU and north-western Russia on the Baltic Sea. This is a favourable location for transport and logistics, offering well-developed transport connections between east and west.
80% of the population (150,000 people) live in cities
Average unemployment rate in county: 13.5% (2016)
Average wage: 903 EUR (2016).
- Modern energy industry
- Modern connecting roads and Tallinn-St Petersburg -Moscow railway connection
- Industrial parks supplied with supporting infrastructure
- Services from the Port of Sillamäe (Silport), a rapidly developing deep-water port
- Production of electricity and networks for both large and small consumers
- Gas network and connections
- Excellent Internet network and WiFi connections
Our customers point out the following advantages of localizing their production in Ida-Viru County:
- Located right near the border between Russia and the European Union (it only takes 2 hours to get to Saint Petersburg by car).
- Short terms of investment process (the period from purchasing the land plot until obtaining the commissioning certificate for the industrial building you have constructed takes 1 year on the average).
- Stress-free Russian-speaking environment on the territory of the EU and the trust shown by local population towards the Russian business (95% of the people living in Narva are Russian-speaking).
- The profit tax rate for companies is 0% (for comparison, in Latvia and Lithuania it is 15%; the implementation of a project in Estonia will allow to decrease the total cost of the project by the value that equals to the profit tax rate in any other European country).
- The availability of free labour force with extensive experience in industrial field (Ida-Virumaa region in Estonia is a traditional industrial area in Estonia).
- Competitive prices for labour force as compared to many EU countries (the level of average salary in the infustrial field in Ida-Virumaa is 700-800 EUR/month gross).
- The availability of all kinds of technological resources (water, heat, electricity, jne.) at the price that is much lower than in other EU countries.
- A simple procedure of obtaining the status of customs warehouse (which provides an opportunity to pay VAT after the dispatch of a batch of goods/raw materials from the warehouse and their import into the territory of the Customs Union. It allows to spare up to 30% of circulating assets of the company).