Estonia is well known for the continuous development of its e-services. At the end of April the government of Estonia approved the draft of the Estonian e-residency. Basically the wish is from now on to give foreigners the opportunity to get a digital identity, which works in Estonia and also in the European Union. An…
An important change for all businesses operating in Estonia will take place this summer, namely a nationwide Estonian employment register with the Estonian Tax and Customs Board will start operating from July 1st 2014. The new register will contain data on all persons working in Estonia. The purpose of the register is to reduce the…
From June 1st the CEO of 1Office Group is Ragnar Everest. Previously Everest has been the development manager at 1Partner and the business manager at Elion. He started work at 1Office Group in 2011, having been the head of the marketing and communication department at Tallinn University of Technology. The position of 1Office Group’s COO…
The new version of the Estonian ID-card software now supports the ID-cards of Finnish citizens. This union guarantees convenient information exchange between the authorities of the two countries and the fast formation of contracts between companies as well as between single individuals living in Estonia and Finland, and also granting and signing of virtual documents…
Estonia started operating within the Single Euro Payments Area (SEPA) on February 1st, 2014. Reasons for its acceptance were gaining the advantage of an integrated market and simplification of payment solutions for private persons as well as companies. The main change accompanying joining SEPA is that from now on all the account numbers have to…
On July 9th this year the ECOFIN Council approved the Latvian participation in the Economic and Monetary Union (EMU) from January 1st 2014. The Bank of Latvia fixed the exchange rate at 0.702804 already in 2005, one lat being equivalent to €1.42. As of January 1st 2014, financial institutions and stock exchanges will convert electronic…
Bank holidays this year are from Tuesday to Thursday, December 24th-26th. Working on a bank holiday is based on an agreement between the parties and for double wages. Unlike for bank holidays the law does not require additional payment for working on the weekends. Working on days intended for the employees to rest normally creates…
Estonian President Toomas Hendrik Ilves blocked on 18th of December 2013 an amendment to the Estonian Value-added tax act – which would require all transactions greater than 1,000 euros to be declared – on the grounds that it is unconstitutional. Opponents of the amendment, including the Estonian Association of SMEs, say it threatens business secrets,…
In November, 1Office will open a new office hotel in Tallinn city centre, on the fourth floor of Foorum Centre. The new office hotel to be open contains 12 private offices of various sizes and several meeting rooms. Allocated workspaces in an open office are also available. 1Office has formerly provided office premises on the…
On 19 September 2013, Estonian Employers’ Confederation and the Estonian Trade Union Confederation agreed minimum wage increase by 35 euros both next year and the year after that. This year, minimum wage in Estonia has been 320 euros pursuant to the resolution of the government on 10 January which approved the previous such agreement entered…