Estonian entrepreneurship in Finland has doubled in last four years

26. august, 2013

The number of Estonian-founded businesses in Finland has more than doubled over the last few years, but estimates of their exact number vary. Possibly as many as 5,900 businesses have been set up by Estonians in Finland.

According to Finnish daily Helsingin Sanomat, Estonians usually set up a small construction company, janitorial company or beauty salon, employing up to four people.

Finnish tax authorities put the number of businesses with an Estonian background at 3,500, more than double the number of only two years ago, while the Estonian embassy in Helsinki said the figure is closer to 1,000.

The Finnish Business Information System said 5,900 companies in the country have been founded by Estonians, but that figure includes dormant companies. Four years ago, that figure was less than 3,000.
The daily said that the reasons for leaving Estonia to set up ventures in Finland are higher salaries and a larger market. Some Estonians made the move for family reasons, it said.

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