Ilyashev & Partners has opened an office in Tallinn, Estonia.
“Opening an office in Tallinn is another important step in implementation of the development strategy of our law firm aimed at full-range legal service of companies,” said Mikhail Ilyashev, Managing Partner at Ilyashev & Partners, in a statement released by the firm. “Many of our clients told us that they were willing to structure their businesses taking advantage of the EU jurisdiction. Upon analyzing the legal and business environment in many EU countries, we chose Estonia as the most promising jurisdiction for our clients. Estonia has many advantages compared to other EU member states. They include, inter alia, business-friendly tax laws, well-developed banking system, simple and transparent administrative procedures beginning from the incorporation of a legal entity, geographic proximity, as well as similar mentality and knowledge of a common language, which is also important.”
The office is headed by Vitali Galitskihh, an Estonian specialist in corporate, tax, labor law, and dispute resolution. Vitali graduated from the Tallinn University of Technology and the University of Tartu, the oldest university in the Baltic States and Northern Europe. He has a degree in IT law and e-commerce from the University of Hannover, Germany.
“Estonia is one of the world’s leaders in technology and the number of start-ups per capita,” said Galitskihh, in the firm's announcement. “Internet access is declared here one of the human rights. All public services are available through the Estonian e-Government, which eliminates bureaucracy and makes decision-making process completely transparent and much less time consuming. Estonian banks are working in full online maintenance mode. Business in Estonia is supported through a comfortable tax environment with the effective 0% corporate profit tax and VAT rate on transactions in the EU and exports. Communication with the tax service and filing of tax returns is conducted on the portal of the Tax Department through the Internet that allows to manage the company from anywhere in the world.”
Estonia is the third country of operation of Ilyashev & Partners, following Ukraine and the Russian Federation. The firm boasts more than 120 employees in total, with offices in Kyiv, Kharkiv, Dnipro, Simferopol, Moscow, and Tallinn.
