Markets

ITS_logo_35x35  Estonia

Estonia offer a progressive business environment with an efficient and compatible infrastructure. Estonian e-services, mobile communications and internet applications are among the most progressive in the world. Estonians are adaptable towards new technologies, and use them willingly. The attractiveness of Estonia is demonstrated by the large number of foreign investors doing business here and the dominance of world-renowned foreign companies in several of Estonia’s economic sectors. Foreign impact is also revident from the fact that exports represents more than 100% of Estonian GDP.

In Estonia, foreign investors are treated the same as domestic ones, and European Union subsidies, for instance, are equally available for both foreign and domestic companies. Estonia’s advantageous and user-friendly business environment has attracted a great number of foreign investors and large companies of international renown to the country – Ericsson, ABB, Kuehne + Nagel, Stora Enso, Symantec, Stoneridge, Vopak EOS, Deutsche Post DHL and many others. The fact that Estonian banks are mostly owned by well-known Nordic banks, such as Swedbank and SEB, also speaks in favour of the reliability of Estonia’s business environment.
source: investinestonia.com

ITS_logo_35x35  Latvia

Country offers a wide variety of competitive advantages for investors, which make Latvia a perfect place for doing business. As a small country in today’s globalized world, Latvia recognizes the importance of attracting foreign investment in order to sustain economic development. As a thriving democracy, Latvia has consistently pursued liberal economic policies and welcomes investments that foster principles and benefits associated with free markets. Indeed, World Bank’s report Doing Business 2016 (link is external) ranks Latvia as 22nd out of 189 countries for ease of doing business, measuring quantitative indicators of regulations and the protection of property rights.

Accessibility to Large Markets;
Skilled and Motivated Workforce;
Developed infrastructure;
Macroeconomic and Political Stability;
Business Friendliness;
Cost Effectiveness;
Access to Suppliers and Resources;
Innovation and R&D Opportunities;
Quality of Life
source: liaa.gov.lv

ITS_logo_35x35  Lithuania

A country as ambitious as you are. Where people champion new ideas – and run with them. Where the entrepreneurial spirit runs deep within our DNA. Where our unique combination of passion and can-do ability paves the way for growth and success.

5 reasons why you should start your business in Lithuania:
1. Competitive tax system
2. Low operating costs
3. Excellent infrastructure
4. Rapidly developing country
5. Best-educated people in Central and Eastern Europe
source: enterpriselithuania.com

ITS_logo_35x35  Finland

World Economic Forum’s The Europe 2020 Competitiveness Index places Finland as the most competitive country in Europe. According to a 2016 study by European Commission, Finland astounds as the most attractive EU country for FDI. Finland earns praise for its highly skilled work force, ranking first in knowledge and innovation capacity. In the study Finland is highlighted as one of the EU countries which has improved the most its cost competitiveness. This is a result of an increase in the relative wage competitiveness combined with reductions in corporate tax rates. It ranks highest in this factor in Scandinavia and significantly higher than Germany, Netherlands and Switzerland.
source: investinfinland.fi

ITS_logo_35x35  Sweden

Modern and business friendly.

Sweden has an international business environment that is modern, open and business friendly. Skilled professionals, polished business procedures, and receptivity to international partnerships make it an easy country to operate in.

Sharp brains and open minds.

According to the Financial Times, Stockholm is the second most prolific tech hub globally, with 6.3 billion-dollar companies per million people, compared to Silicon Valley with 6.9. Spotify, King, Truecaller, Klarna and Mojang are just some of the Swedish startups that have received international attention in the last decade. Add to those well-known brands such as IKEA, Volvo, H&M and Ericsson and it becomes clear why Forbes has listed Sweden among the top five best countries to do business in.

Quality and efficiency at heart.

Empowerment of personnel and delegation of decision-making ensures a bottom-up, problem-solving approach that shows impressive results with regards to quality and productivity. The high usage of computers and IT-systems – Sweden ranks third on the Networked Readiness Index of the most networked economies in the world – has further improved productivity throughout the entire industry.

At the leading edge of the world’s largest market.

The Nordic market only – Sweden, Denmark, Finland and Norway – makes up the 11th largest economy in the world, with a high level of purchasing power.

Stability and sustainability by default.

Sweden’s strong public finances, sound banking system, political stability and well-performing economy make it a robust place to run a business.Sweden boasts excellent infrastructure through extensive public investments. The Internet infrastructure is one of the world’s fastest and most extensive.
source: business-sweden.se