Estonia

Ease of Doing Business in

Estonia

This page shows summary Doing Business 2012 data for Estonia. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region OECD high income
Income Category High income
Population 1,340,200
GNI Per Capita (US$) 14,360.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
24 18 down -6
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 44 38 up -6
Dealing with Construction Permits ** -- 37 --
Getting Electricity 48 48 No change
Registering Property 13 13 No change
Getting Credit 40 37 up -3
Protecting Investors 65 60 up -5
Paying Taxes 51 42 up -9
Trading Across Borders 3 4 up 1
Enforcing Contracts 29 28 up -1
Resolving Insolvency 72 75 up 3

* For Dealing with Construction Permits, one data point on cost was corrected. Rankings are adjusted once a year with each published report.

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 44 DB 2011 Rank 38 Change in Rank down-6
Indicator Estonia OECD high income OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
5 -- 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
7 -- 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
1.8 -- 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
24.4 -- 14.1
No. Procedure Time to Complete Associated Costs
1 Check online the uniqueness of the proposed company name 1 day no charge
2 Deposit the initial capital in a bank 1 day no charge
3 Submit online the registration application to the Commercial Register 1 day EUR 140.60 regular registration or EUR 185.34 expedited registration
4 Register for VAT at the National Tax Board up to 3 days no charge
5 Register with the Central Sick Fund of Estonia 1 day no charge

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