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e-Residency scheme sees state take record €17 5 million tax revenue in 2020

Tax take from Estonia s e-residency system rose by around a third on year to 2020, state agency Enterprise Estonia reports, a record year in terms of direct economic impact since the system was launched in 2014. Companies set up by individuals all over the world who are registered e-residents paid in close to €17.5 million to Estonian state coffers in 2020. Lauri Haav, e-Residency programme Managing Director, says the results allow for even more ambitious objectives, along with both the fact that those existing firms established by e-residents continue to grow and expand, and that e-residents continue to create thousands of new companies each year, many of which show plenty of international promise.

XTI Aircraft Company and Estonian Agencies sign MoU to recognize Estonia as a Regional Mobility Hub

XTI Aircraft Company and Estonian Agencies sign MoU to recognize Estonia as a Regional Mobility Hub
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.

XTI Aircraft Company and Estonian Agencies sign MoU to recognize Estonia as a Regional Mobility Hub

XTI Aircraft Company and Estonian Agencies sign MoU to recognize Estonia as a Regional Mobility Hub
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.

Taavi Veskimägi: European investments to take defense industry to new level

Estonian research and development in the field of defense has for the first time secured major funding from the European Union. Defense development projects have previously fallen to member states and contractors, Taavi Veskimägi writes. The European Union agreed on a defense industry activity plan in 2017 following initiative from Estonia. Its aim is to reduce fragmentation of weapons systems, fill gaps in military capacity and boost Europe s competitiveness in defense R&D. This will see the EU invest €500 million through the European Defense Industrial Development Program (EDIDP) in 2019-2020 and €8 billion through the European Defense Fund (EDF) in 2021-2027 in European defense research and development.

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