A record 14,614 new businesses were registered in Tallinn in 2021, up nearly 12 per cent on the year before.
"In the last dozen years, the total number of companies
registered in Tallinn has almost doubled. The record year shows
that business activity in Tallinn is high despite, or even
because of, difficult times," said Joosep Vimm, Deputy
Mayor of Tallinn.
"Furthermore, I encourage future entrepreneurs interested in
starting a business to check out the city's services for
entrepreneurs. We offer advice and training for start-ups, as
well as business grants, help with applications and so on,"
said Vimm, adding that no good idea goes unheard, as a good
business environment is also the basis for good jobs.
At the end of last year, there were 119,089 registered
companies in Tallinn, according to the national Business
Register, which is 4 per cent more than at the end of 2020. In
2009, there were 62,816 companies registered in Tallinn or
approximately half as much as at the end of last year.
The number of active companies, or those that have filed their
annual report in 2020, increased by 5 per cent in Tallinn last
year compared to the year before, to a total of 77,392. These
included 7,017 exporting companies, so one in eleven active
companies in Tallinn exports its goods or services.
3,452 companies were liquidated in Tallinn last year. The
number of liquidations was at the same level as a year earlier,
with 3,484 companies closing in 2020.
Visit the Tallinn Business Website at https://www.tallinn.ee/eng/business/.