The European Commission has made a decision to allocate more than two billion euros from the Brexit adaptation reserve to 12 member states, of which Estonia stands to receive altogether 5.2 million euros to mitigate the negative effects of the withdrawal of the UK from the European Union.
Around 4,000 companies have set up shop in member state since UK left EU, prime minister says.
The former Soviet satellite state is welcoming British companies looking to escape the tangle of regulations and financial obstacles of doing business in Europe.
Around 4,000 British companies have taken up virtual residence in Estonia post-Brexit, Prime Minister Kaja Kallas (Reform) told the website of free London business paper City A.M., adding that Estonia has as a result benefited hugely from the United Kingdom's departure from the European Union.
The Daily Express is at it again, this time touting a non-existent Brexit benefit for Britain.
Brexit has led to around 4,000 UK companies setting up shop in the EU-member state of Estonia, mostly by registering for the country’s much-talked about e-residency scheme.
Citizens of five Eastern European and Baltic countries must pay more to get a UK work visa than other EU nationals.
TENS of thousands of businesses, including a growing number in the UK, have taken advantage of a way to beat Brexit by setting up electronically in a small Baltic country – and their number is growing steadily.