‘ The service industry dominates the Tallinn economy , with seven out of ten residents employed in the service sector ’
Tallinn Airport Photo : Maret Põldveer-Turay www . visittallinn . ee
Situated on the north coast of the country , Tallinn ties together the Nordic , Baltic and northwest Russian regions , making it a strategic location for any business . Estonia ’ s longlasting system of low , flat-rate taxes , like the 20 % income tax , is simple and has also been favourable to businesses . There is also no tax on retained and reinvested in profits and as a result , the country topped the OECD Tax Competitiveness Index in 2017 . Since gaining its independence , Tallinn ’ s economy has grown rapidly . The service industry dominates the Tallinn economy , with seven out of ten residents employed in the service sector , according to the Tallinn Business Administration .
63 europe . businesschief . com