Financing opportunities for Estonian companies


In the vibrant entrepreneurial landscape of Estonia, financing is the lifeblood of businesses, whether they are startups or established enterprises. This blog post will be your comprehensive guide to understanding the diverse financing opportunities available to companies in Estonia.

From securing funds for your innovative startup to financing the expansion of your well-established business, we’ll cover it all.

Financing a start-up company in Estonia

EU funds

Starting a new business venture can be daunting, but it becomes more manageable when you have the right financial support. In Estonia, start-up companies can tap into EU funds designed to help them take off. These funds provide the necessary capital to turn your entrepreneurial dreams into reality.

Entrepreneurship grants

In addition to EU funds, Estonian state and local governments offer entrepreneurship grants. These grants serve as valuable opportunities for aspiring entrepreneurs. They provide essential financial support and can be the catalyst that propels your start-up to success.

County development centers

County development centers play a crucial role in connecting entrepreneurs with financial support. They provide free advisory services and guide you in finding the right funding opportunities. Whether it’s EU assistance or private sector consultancy, they have you covered.

Tallinn entrepreneurship centre

The Tallinn entrepreneurship center is a hub of expertise for start-up companies. They offer free advisory services, helping you create robust business plans and accurate financial forecasts. With their guidance, you can steer your start-up in the right direction.

Enterprise Estonia

Enterprise Estonia goes the extra mile to support start-up companies. They offer grants, advisory services, practical training, and workshops conducted by industry experts. With their assistance, you can build a solid foundation for your business.

Estonian Unemployment Insurance Fund

The Estonian Unemployment Insurance Fund provides a business start-up subsidy for unemployed individuals and those of retirement age. To qualify for this subsidy, you need to meet certain criteria, including completing entrepreneurship training or having relevant education or experience. This subsidy can go up to EUR 6,000, making it a significant boost for your business.

EU structural funds

Entrepreneurs can also explore assistance from the European Structural and Investment Funds through specific support measures and open calls for proposals. These funds can be a game-changer for your project’s financial needs.

Starter loan from KredEx

Newly established SMEs or those operating for up to three years can apply for a starter loan from the KredEx foundation. This loan is a lifeline for businesses with limited credit history. It reduces the entrepreneur’s personal liability and can be used for various purposes, including circulating capital.

Financing an already operating company in Estonia

Commercial loans

For established companies, loans from commercial banks are a viable financing option. These loans provide the capital needed for growth and expansion. It’s a straightforward financial tool that can fuel your company’s development.

KredEx financial services

The KredEx fund plays a pivotal role in helping enterprises expand to foreign markets safely and efficiently. They offer various financial services, including loans, venture capital, credit insurance, and guarantees with state backing.

Environmental Investment Centre (KIK)

For businesses with a focus on environmental projects, the Environmental Investment Centre (KIK) is your go-to source. They finance projects with environmental goals and provide loans for specific purposes, ensuring that your green initiatives get the financial support they deserve.

Grants from Enterprise Estonia

Enterprise Estonia doesn’t just support start-ups; they are also a valuable resource for established companies. They offer grants and information services to help you evaluate your business ideas and plans. Getting their initial evaluation can set you on the path to success.

Support for agriculture and rural development

The Agricultural Registers and Information Board (ARIB) plays a pivotal role in providing state aid and European Union grants for agriculture, market organization, fisheries, and rural development. If your business falls into these categories, explore the support ARIB has to offer.

Creative industry support

Companies in the creative industry have unique financing needs, and Estonia has resources to meet them. Organizations like Creative Estonia and Creative Europe offer information on funding opportunities tailored to creative businesses.

Private placement

A private placement of shares involves selling a part of your business to an investor. This partnership can provide the investment required for your business’s growth. Seek out private venture capital funds that specialize in financial investments to find the right investor for your enterprise.

Initial public offerings (IPOs)

IPOs are a significant step for established companies looking to raise capital. The Tallinn stock exchange offers three different opportunities, each with varying degrees of obligations and requirements. Choose the one that aligns best with your business goals.

  • Listed securities: The most reliable option for investors, but with the highest obligations.
  • Open market: Ideal for rapid-growth and higher-risk companies, with slightly less stringent requirements.
  • Alternative market: Offers fewer requirements, especially regarding information disclosure.


In Estonia, financing opportunities for companies are abundant, catering to both startups and established businesses. Whether you’re a visionary entrepreneur looking to kickstart your dream project or an experienced company seeking to expand, Estonia’s diverse financial ecosystem has something to offer.

Explore these financing options, and make sure you’re leveraging the right resources to propel your business to new heights.


Can non-Estonian citizens access these financing opportunities?

Yes, many financing opportunities in Estonia are available to non-Estonian citizens. However, eligibility criteria may vary, so it’s essential to check the specific requirements for each program or fund.

How can I determine which financing option is best for my business?

Choosing the right financing option depends on your business’s stage, goals, and financial needs. Consider consulting with financial experts or business advisors to help you make an informed decision.

Are there any language barriers when accessing these resources?

Estonia is known for its English proficiency, and many resources and services related to financing are available in English. Language barriers are unlikely to be a significant issue for English-speaking entrepreneurs in Estonia.

Disclaimer: This article provides general information, which may or may not be correct, complete or current at the time of reading. No recipients of content from this site should act on the basis of content of the article without seeking appropriate legal advice or other professional counselling.

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