Drive Your Business Forward With Estonian Translation Services
For some years now, Estonia has been a key location for companies pursuing European expansion—or simply sustained growth. So, it’s not surprising that, with all the advantages the country has to offer businesses of all sizes and types, Estonian translation services are at their peak.
To fully tap into the benefits this Baltic country offers, it’s necessary to understand exactly which ones apply to your business model. Also, what are the requirements to comply with them properly. And finally, understand how the market operates within your specific industry.
So far, everything seems straightforward and probably no different from an expansion plan anywhere else. So, you may have already concluded that the main concern is to bridge the language gap, which is almost the only barrier between the potential that is there and what you can really get. And this is where services like ours can make a difference.
We invite you to discuss together the strengths of starting a business in Estonia and what kind of translation services you need.
Estonian Translation Services to Reap the Benefits: The Top Four
The conveniences for establishing or expanding your operations in this country are almost countless. And not to exaggerate, but because we know the case first-hand—after all, this country is also our home base. Moreover, it’s not by chance that Estonia ranks first in the International Tax Competitiveness Index (for the ninth year in a row.)
That said, you are probably keen to know more. And we hope you do! Because here are some of the great things about setting up a business in Estonia.
#1 Strategic Geographical Location
A great thing to note is that Estonia has a particularly convenient geolocation. Depending on where you are in this big world, it may seem a bit far away. However, with its accessible position, the nation offers great physical proximity to the surrounding Nordic, Baltic, Commonwealth of Independent States (CIS), and other European Union (EU) countries. This enhances trade within and beyond the EU’s borders. This is a great fact if your plan includes European expansion.
And, if you need logistics and transport solutions, many companies in Estonia can help you with supply chain management to make your business run smoothly and efficiently.
Last but not least, the country has a good quality road network and its main airport is the nearest European capital to Asia. Also, it has a well-developed ice-free port infrastructure and an ambitious rail infrastructure development plan in place. Not bad, huh?
#2 Auspicious Infrastructure & Technology
It seems that in Estonia, people are serious about investing in development. And that is noticeable in the fact that they were the first to count with commercial 5G networks and 10 Gbps of internet connection available to households. In addition, the country is a pioneer in cybersecurity, ranking third in the Global Cybersecurity Index and first in the EU.
As if that weren’t enough, there is another reason linked to its technological infrastructure why you could benefit greatly from Estonian translation services. Namely, setting up a business there will give you access to cutting-edge blockchain technology, as its connected networks and clean technologies are at the forefront of IoT, big data, automation, and real-time computing.
Finally, to give you a better picture of its progress, we can confidently state that developments are spreading to other areas, gaining a foothold in the education system, biotechnology and beyond.
#OptimationalTip: Did you know Estonia is a paradise for fintech and many start-ups? If this is your line of business, you’ll definitely want to take a look at its advantages and easy-to-comply regulations.
#3 Easy, Clear, and Competitive Taxation
One of the aspects that makes this country so attractive for those looking to start a business in Estonia or to grow and diversify their international market is its taxation system. Let’s take a look at some of its highlights:
- There are free trade zones located at three major ports—namely, Muuga, Sillamäe, and Paldiski.
- 98% of tax declarations can be done online, and it only takes a few minutes—around three.
- 0% is the corporate income tax on retained and reinvested profits—yes, zero.
- Dividends paid to non-residents are not subject to withholding tax.
- Non-residents pay personal income tax only on income they receive via Estonian origins, and generally, they aren’t obliged to submit a tax return to the authorities.
- The country offers different grants and consulting services to support business development and expansion across its territory for various industries.
- Currently, Estonia has 62 double-taxation treaties in force with different countries worldwide.
Learn more about Estonia and its tax system.
#4 A Solid Government—to Capitalise on Estonian Translation Services
Perhaps where linguistic solutions are most vital is for understanding the requirements stated in a new, different language; and then, for being able to translate your documents to Estonian. And it’s important to do so because the agility and efficiency of their government there will be an appealing trait for you.
Estonia is a country where a digital signature with an ID card and digital residence card are ways of online identification. So, you will notice that they truly have an innovative and flexible government with modern and efficient legislation. Furthermore, local and foreign policies support entrepreneurship and foreign investors to make them enjoy the same rights as the local ones.
In addition, Estonia ranks 14th out of 180 countries in terms of corruption, being one of the countries with the most transparency and the least systemic dishonesty. On this issue, it’s also noteworthy that the Court is the only body responsible for administering justice, thus completely separate from other authorities and possible influences.
Finally, we mention the promptness and simplicity of obtaining the e-residency; this allows you to do everything online without even needing to travel to Estonia or rely entirely on a law firm.
The e-residency is not compulsory to set up a business there, but it is highly recommended as it accelerates procedures and has multiple advantages.
#OptimationalTip: English translation to Estonian is in great demand, especially by the number of UK companies looking to make a port of call in the country. Mostly to help them understand and comply with all tax, governmental, and legal obligations. Yes, everything that usually involves bureaucracy and paperwork.
The Types of Estonian Translation Services You Might Need
Depending on the type of business you are running (or planning to run), the market you are operating in, and the specific steps of your strategy, you may need a variety of translation and localisation services. For example, if you intend to operate an online business in multiple countries and languages, you may need to consider multilingual keyword research—alongside the standard translation solution.
But this is a specific example and perhaps something you might want to leave for later—or not, you know your business more than anybody.
However, there are certain language services that, due to their degree of professionalism and high demand, are widely required for European expansion. The list below includes (but is not limited to) the following:
- Document translation services, for example, for legal and financial materials.
- eCommerce and website localisation, specifically if you run online retail.
- SEO and marketing translation to grow your organic traffic and give your business a name (and identity.)
- HR information and eLearning content to train your staff, offer a successful onboarding and ensure your global team is on the same page as you are.
- Industry-specific translation, such as for automotive, banking, medical, etc.
- White-label solutions to offer your customers a multilingual experience.
#OptimationalTip: To get a complete understanding of what white-label encompasses and has to provide you with, we suggest you download our brochure.
Last Thoughts: A Great Place to Start Your Business or to Make It Thrive
There’s no doubt about the many benefits that the country in question has to offer you: From minimal bureaucracy, competitiveness, and technological development to transparency and efficiency in the management of your company. And that’s why Estonian translation services are more than just a complement but the key to unlocking the potential the country has.
Moreover, it’s not limited to finding solutions for the English translation to Estonian; your source or local business can be based in any country and speak any language, from Spanish to German, Arabic, etc.
It’s also worth noting that all the advantages at your disposal seem to be aimed at encouraging industries of almost any type to try out the richness of the experience in this Baltic country. The same goes for the size of your business or the stage you are at in your international expansion. Estonia has something (and much more) to satisfy even the most discerning palates.
Would you like to give yourself the opportunity to grow, in an orderly, prosperous and sustainable way? Start by breaking down the language barrier and contact us today.
