26.04.2016 ETCB: We simplified the application for registration as a person liable to value-added tax

The Tax and Customs Board shall offer to foreign undertakings a simplified application form for registration as a person liable to value-added tax which is accessible both in English and in Russian and which makes application for a value-added tax identification number simpler.

26.04.2016 Information Day on Employment of Aliens in Estonia

The Police and Border Guard Board invites employers to information days on 3 and 11 May to discuss issues related employment of aliens in Estonia. We welcome representatives of small and large companies who are considering employing aliens or who already have foreign citizens already working in their company. The Police and Border Guard Board is represented by practitioners and experts of the area.

01.04.2016 Choose The Time for Publishing Your Annual Report

The Chamber of Commerce has made a proposal to give entrepreneurs an opportunity to choose immediately before the submission of the annual report, if the report is submitted to the Commercial Register immediately or later. If an entrepreneur wishes to submit the report to the register later, the entrepreneur must choose the date for submission of the report.

01.04.2016 Tax Environment Should Be Stable And Understandable

Mait Palts and Toomas Luman met with the Finance Committee of the Riigikogu in order to discuss the improvement of Estonian business climate and tax environment.

01.04.2016 50 Of The Chamber’s Proposals For Decreasing Administrative Burden To Be Implemented

The Ministry of Economic Affairs and Communications sent out a notice regarding the zero-bureaucracy project. Together with entrepreneurs, the Chamber submitted 62 proposals to the state, for 49 of which there is a commitment to put them into action.

29.02.2016 Contact Visit to Sweden

Estonian Chamber of Commerce and Industry welcomes companies to participate in the contact visit to Linköping and Norrköping, Sweden, which takes place on 25 and 26 May.

29.02.2016 State Reform Still a Hot Topic for Entrepreneurs

During its regular meeting, the Board of the Chamber discussed what should be done to boost the development of our entrepreneurship. The Minister of Public Administration Arto Aas gave an overview of the current state of the administration and state reform. The biggest expectation of the Board is that a successful state reform be carried out in order to ensure that our country be managed in a skilful and goal-oriented manner. The Board emphasised the need to manage the image of the state in a systematic manner and introducing Estonia in the world through only one or two sectors was considered dangerous. Entrepreneurs continue to be worried about the situation of the labour force, and not only in the IT sector but more broadly in services as well as industry. In the opinion of entrepreneurs, taking on new markets needs to be supported by the state, and it is necessary to introduce Estonia more strongly and boradly.

29.02.2016 Foreign Investors Held Back By Outdated Restrictions

The Chamber sent to the Ministry of the Interior proposals that would help to increase competitiveness of Estonia and increase investments. Mait Palts, Director General of the Chamber said that the current Aliens Act is very bureaucratic from the point of view of favouring entrepreneurship and investments, and needs updating. “The restrictions established some twenty years ago are not justified anymore. The security rules must remain in force, but useless and artificial restrictions should be abolished. The proposals we have made will help saving on the expenses of businesses as well as the state and make Estonia more attractive for investments and enterprising people,” added Palts.

27.01.2016 E-settlement Must Be Free For Small Companies

At the end of the year 2015, we sent to the Ministry of Finance the Chamber’s opinion regarding the amendments to the Accounting Act, which concern introduction of e-invoices. According to the amendments, the companies required to maintain accounting are obliged to submit only e-invoices to the state from 1 January 2017, and from already 1 June 2016, the public sector institutions cannot refuse to accept e-invoices.

27.01.2016 The Life Of E-Residents To Become Easier

By the end of the year 2015 Estonia had over 7,000 e-residents. Several changes are planned to significantly simplify applying for e-residency with the aim of increasing the number of persons who would like to connect their lives with Estonia, either for business or other purposes. One of such changes – the possibility to open a bank account without having to be physically present at the bank – concerns not only e-residents but also everyone else.

22.12.2015 Seminar: Changes in Accounting 2016 and Preparing Annual Report 2015

22.12.2015 Seminar: Preparing Annual Reports 2015 and Amendments in Accounting Act

22.12.2015 Entrepreneurs Predict Growing Turnovers and Exports for the year 2016

The Chamber of Commerce carried out the annual economic survey among its members – the survey is a part of the annual survey of Eurochambres. Approximately 60,000 European entrepreneurs participated in the survey, among them 232 Estonian entrepreneurs. The majority of our entrepreneurs predict increased turnovers, larger number of employees and increased investments.

22.12.2015 The Chamber Made 59 Proposals for Decreasing Administrative Burden

The Chamber sent to the Ministry of Finance 59 proposals for the zero bureaucracy project. Mait Palts summarised the feedback collected from entrepreneurs as follows: “Today the biggest problem is that entrepreneurs are required to submit the same data to different authorities and sometimes even multiple times – in essence it means that the data are duplicated, but entrepreneurs waste pointless time and resources on submitting the same data to different authorities. Although the ban on duplicating as a principle has been in force for already years, its implementation in reality is poor. The current situation requires more clarity and transparency. We should rely on the principle that public authorities do not ask the same data from entrepreneurs that the entrepreneurs have already sent to another public authority. There must be a change in the thinking that data would be searched from the databases that already exist and not asked from entrepreneurs. It is also important that we would start gradually moving towards not having to submit any data at all, but that the data would move automatically between systems.”

22.12.2015 Several New Amendments to Enter into Force on 1 January

A number of proposals made by the Estonian Chamber of Commerce and Industry will enter into force on 1 January. Many of these amendments will decrease administrative burden and costs for entrepreneurs. For example, small companies will be exempt from the obligation to audit packaging reports, the tax free limit of foreign business trip daily allowances will be increased to 50 euros, and the audit and inspection limits will be almost twice as high. Other important changes involve increasing of the minimum wage to 430 euros and amendments to the Accounting Act, which will simplify the rules for preparing annual reports for small companies.

30.11.2015 Seminar: Current Tax Problems

30.11.2015 Speech of the President of the Chamber of Commerce at the 90th Anniversary Gala

30.11.2015 Company Visit: Cybernetica’s experiences in Asia

30.11.2015 Proposals for Decreasing Administrative Burden

The Ministry of Economic Affairs and Communication has initiated the so called zero bureaucracy project, the aim of which is to decrease administrative burden of entrepreneurs. In relation to that, the Chamber has collected a number of proposals from entrepreneurs in recent weeks.

30.11.2015 The Chamber Awarded Medals of Honour

During the Chamber’s 90th anniversary reception at the Estonia Concert Hall on 14 November, 9 people who have contributed to the development of entrepreneurship in Estonia were awarded the Chamber’s medals of honour. Among them were the former Prime Minister Andrus Ansip, Chairman of the Management Board of Molycorp Silmet David O'Brock and Director of the Estonian Tax and Customs Board Marek Helm. The medals of honour were awarded for already 17th time.

26.10.2015 Export Club: Southeast Asia. Near or Far?

25.10.2015 Zero Bureaucracy or the Project for Decreasing Administrative Burden

The Ministry of Economic Affairs and Communication has undertaken to lead the state’s zero bureaucracy project the aim of which is to decrease the administrative burden for entrepreneurs. The state expects that entrepreneurs themselves, through their representative organisations, would set out the problems they are facing in relation to reporting, data collection or performance of bureaucratic requirements arising from the law, and would submit their proposals for decreasing the administrative burden.

25.10.2015 Amendments to the Alcohol Act and Advertising Act

The Ministry of Social Affairs has sent a draft on amendments of the Alcohol Act and Advertising Act for review to the stakeholders. With the amendments sale of alcohol and contents of alcohol advertising will be restricted.

11.10.2015 Seminar What Can the Chinese IT Sector Offer?

In November Estonia will be visited by a delegation from the Dalian region in China with the aim of introducing the business opportunities in the Dalian region to Estonian IT sector companies and establishing contacts with potential new cooperation partners.

09.10.2015 Kodumaja AS is the Company of the Year

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