2019: About 1,000 Employees Came to Estonia With a Startup Visa
Estonian startup visa brought 928 startup employees and 219 founders, in 2019, in Estonia, thus increasing the number of workers from overseas in this country to 2,000.
Startup visas helped 207 startups to hire employees in Estonia contributing the country to pay €1.6 million in labour taxes, in 2019 and increasing their revenue to €17.5 million.
In 2019 the revenue was 152 per cent more than in the year before, VisaGuide.World reports.
From the number of foreigner workers, who came in Estonia under the startup visa program, the majority of them came from Russia 149, followed by Indians 124 and Brazilians 111.
“The role of foreigners in the success of our local businesses cannot be ignored or underestimated today. One-fifth of Estonia’s startup employees are foreigners. They are highly sought after and often highly specialized professionals who contribute to the growth of our local startups,” Maarika Truu, head of Startup Estonia asserted.
In 2019, the average gross monthly salary of foreign employees who started work at a startup under the startup visa was €1,951, showing an increase in the average salary in Estonia, which was €1,407 in 2019.
According to Truu, it is very important that Estonia is an open and attractive country for talent and that the local companies are not forced to leave because they cannot find the employees they need in Estonia.
At the same time, she estimates that the main bottleneck in Estonia is the lack of adaptation programs for foreigners.
“Networks, foreign-language family doctor services and schools, but fortunately, these issues are being taken seriously into consideration today both at a national and municipal level,” Truu pointed out.
On the other hand, Merilin Lukk, project manager for the startup visa program, points out that since January 2017, when the program was initiated, a total of 2,150 people started to work in Estonia. 572 of them were startup founders who established 207 companies in Estonia through this program.
Sergei Anikin, chief technology officer (CTO) of Pipedrive considers that the startup visa is one of the most critical steps that the Estonian government has undertaken to support and promote the IT sector in the country.
Since January 2017, when the startup visa program was launched, it enables the nationals of foreign countries to work for Estonian startups, aiming to make this county one of the world’s best places for startups.
Startups in Estonia are divided into four categories to provide the strength of Estonian startup ecosystem, training investors for startup programs, helping attract foreign investors and eliminating barriers that complicate the process of operating a startup.
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