There is no direct Citizenship by Investment (CBI) program available in Estonia. However, there is an Estonian Residency by Investment (RBI) program, which qualifies you for Estonian citizenship by naturalization.
Estonia is a country that offers excellent opportunities to extend your business in the country. If you are a businessman who wants to develop your business or have new ideas for an innovative company with expanded opportunities, you can apply for an Estonian Investment Visa.
You may obtain a temporary residence in Estonia if you are starting a company to develop and launch a business model with such great, innovative and reproducible global growth potential that it will contribute substantially to Estonia’s business environment.
For a foreigner to establish a startup in Estonia (and use it as grounds for residence), the company must be reviewed by an expert committee.
exemptions to the evaluation process:
2. Estonia Immigrant Entrepreneur
Residency is granted to foreigners who participate in a company or operate as sole proprietors, or invest in business activity in Estonia with at least €65,000 (€16,000 if self-employed). The capital stock, the subordinated liability, and the amount of the fixed assets registered can be considered an investment.
Residency permits are normally 1 year long. Upon renewal, investment requirements are further loosened, where sales income can account for the investment quota (minimum 200,000 EUR per year).
Social security tax paid to Estonia can also count. However, the value of the tax should be five times the average annual Estonian wage.
– Have an actual place of residence is Estonia registered with the Population Register.
– Have health insurance.
– Business plan in Estonian or English.
The description of the business plan must express the following data:
3. Estonia Major Investment Program
Temporary residence permits usually have a validity of 5 years. After that, you may renew the permit or apply for permanent residency. Provided that your place of residence has been entered in the Estonian population registry, you have health insurance, permanent legal income (€260 / month), and an Estonian language B1 level.
The issuance of residence permits is subject to the annual immigration quota, which cannot exceed 0.1% of the Estonian permanent population in one year. This does not apply to American or Japanese applicants or to citizens applying for residency to do research or study.
Estonian Investors are not given special or fast-track naturalization in Estonia. They can naturalize for Estonian citizenship by meeting the following conditions:
Many benefits come with an Estonian investment visa:
step 1. Start by booking an appointment with the consulate at the Embassy: You would need to be in contact with the consulate of Estonia in your country to book an appointment. You would need to do this at least 14 days before the date of planned travel.
step 2. Next, is to gather the requested documents as stated by the embassy to submit: Documents are always needed for the consulate’s perusal before an Estonia visa is granted.
step 3. Then go ahead to attend the interview; after the submission of your documents, you would be requested to be verbally interviewed. The interview will be on simple questions like the duration you intend to stay in Estonia, your purpose, and your plan for the visit. Also, other questions surrounding you’re traveling to the country.
step 4. The last step is to wait for a response from the embassy.
Granting or refusal of a temporary residence permit shall be decided within 2 months from the acceptance of the application. In case of granting a residence permit, a residence card shall be issued to the guardian within 30 days at the foreign representation of the Republic of Estonia or the Service Office stated on the application form. The arrival of the residence card in a foreign representation may take more time.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Estonia, assisting in getting you settled in the country and coordinating with you so that this experience will be less of a hassle.
Want Privacy World to handle your case? Have any questions? Contact us!
Estonia does not recognize dual citizenship for naturalized citizens. Anyone who is granted Estonian citizenship by naturalization must renounce her previous nationality.
Yes. The applicant’s dependents can also be included in the application.
To be considered a tax resident in the country, you must have a permanent residence and/or stay in the country more than 182 days in 12 months.
Tax residents are subject to income tax on their worldwide income at a flat rate of 20%.
Non-residents pay taxes on their income accrued in Estonia.
A temporary residence permit has a validity of 5 years.
Yes. To obtain residency in the country, you must reside for five consecutive years, without an absence of six consecutive or ten months during the five years if you are a non-EU national. In the case of EU nationals, you cannot be absent over 12 consecutive months or 18 months in total within five years.
After 8 years, 5 of which must be through holding a permanent residency permit, then you are eligible to apply for citizenship in the country.
Yes, you have to pass the Estonian language proficiency examination, where the exam is not required if you have obtained basic, secondary, or higher education in Estonian to obtain citizenship in the country.
Yes. You have to pass an exam that tests your knowledge of the Estonian Constitution and the Citizenship Act to obtain citizenship in the country.
There is no net worth tax in Estonia.
There is no inheritances tax in Estonia.
Yes. European Economic Area is restricted to apply.