Tallinn is #4 in the list of 'The 50 best startup cities in 2021' by Valuer.
It is noted that the city 'offers is the digitalization of almost everything' and 'its tax system is also entrepreneurial friendly, having competitive rates at 21% with no double taxation on dividend income'. Tallinn skips forward only San Francisco, London, and Austin. Estonia is #8 in the 2021 Index of Economic Freedom around the globe and #4 in the EU.
This indicates that Estonia is one of the freest economies in the world. Also, it is said that the Estonian economy has long benefited from openness to foreign investment, facilitated by a transparent investment regime. In 2021, the financial sector remains stable and continues to expand. Estonia is #11 in Global Countries Ranking of Startup Ecosystem by Startup Blink.
From 2019 to 2020 Estonia moved two positions up and it seems the country will keep this tendency. Even now, Estonia surpasses the strongest European jurisdictions due to its highly developed startup ecosystem. By the way, not so long ago we've told you in the article
about Estonian plans for the future development of its startup ecosystem — this is a very fascinating topic to the point.