Nearly 1 in 5 new Estonian companies now has a foreign beneficial owner, and the data shows exactly who they are

Nordic & Baltic Market Intelligence · July 2026 · 1Office Estonia Most commentary on foreign company formation in Estonia relies on the same few years-old assumptions: mostly Ukrainian and Nordic founders, mostly consulting shells, a niche that grew during the early e-Residency years and has been roughly stable since. We pulled Estonia’s own public Business…