More than 18,000 new businesses launched in 2012
According to the Business Register, some 18,110 new companies were registered in 2012, including 2212 self-employed persons (FIE).
The Estonian Tax and Customs Board said that out of these newly established companies, only 5684 (or more than a quarter) started to pay taxes. The office’s Director General Marek Helm said that recent trends show that half of newly established companies will reach a taxable level only by their third year of operation. “It cannot be assumed that entrepreneurshipness is shown by the number of business registered in the Business Register,” he said.
Mart Maasik, director of the business development division of SEB, said that most new companies started in the trading sector whereas the largest growth was in the service sector, which saw an increase of 15% compared to 2011.
One of the recently launched companies, Kohviekspress OÜ, started importing coffee machines and coffee pads (small round coffee filters). The owners said that they saw a hole in the market in this particular product and decided to start a company. The company has advertised itself via mass media, but switched to social media advertising later on as the mass media ads are expensive.
IT solutions company Articeye OÜ owner Jaan Tammik launched a company with his own savings, but plans to get more funds from EAS.
Source: Stadnik A. (2013). Alustas üle 15 000 uue ettevõtja. Äripäev Online, 29. jaanuar. Aasaru H. (2013). Maksuriske võib olla 12 protsendil uutest ettevõtetest. ERR Uudised, 11. veebruar.