Estonia Lowers Investment Thresholds for Business Support
Estonia has reduced the minimum investment threshold for large-scale investment support from €100 million to €70 million, aiming to attract more investors. This adjustment includes lowering the requirements for specific sectors and job creation, enhancing the country's industrial competitiveness.
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The Ministry of Economic Affairs and Communications has officially lowered the minimum investment threshold for large-scale investment support to €70 million. Additionally, the thresholds for priority development projects and defense industry projects have been reduced to €35 million and €20 million, respectively.
Notably, the food industry has been added to priority projects, emphasizing its significance for food security. The minimum job creation requirement will decrease from 30 to 20, yet the cost-effectiveness of the support measure is expected to remain stable.
Support rates will remain at up to 10% for Harju County and 15% for others, with a maximum grant of €20 million per project. This initiative is part of Estonia's economic growth strategy, aimed at enhancing industrial competitiveness and attracting significant investments.
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