Estonia

General Information

Advantages:

investment-friendly taxation system, and transparent and functioning legislation
corporations only pay taxes on their distributed dividends
suitable for long-term investments
ability to run the whole business online
no restrictions to the free movement of capital

Disadvantages:

not suitable for trade of physical goods due to complex accountancy rules
it's not possible to wire money in USD to your Estonian bank account

Estonia, the most northerly of the Baltic states, neighboring with Finland, Sweden, Latvia, and Russia.

Estonia, a member of the EU since 2004 and the eurozone since 2011, has a modern market-based economy and one of the higher per capita income levels in Central Europe. The economy benefits from strong electronics and telecommunications sectors and strong trade ties with Finland, Sweden, Germany, and Russia.

Food, construction, and electronics industries are currently among the most important branches of Estonia's industry. There are 3 free trade zones established by the Estonian government. They are open to foreign direct investments and monitored by the Estonian Tax and Customs Board.

Estonia is a member of the European Union, the Eurozone, OECD, the Schengen Area, NATO, and from 2020, the United Nations Security Council. The big companies, operating in Estonia include Telia Eesti, Transferwise, Skype Technologies, Cleveron, and Taxify.