Grant Thornton | Estonia

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Audit and other assurance services
Corporate accounting and outsourcing
Payroll
Legal advisory
Business advisory
Financial advisory
Tax
Mergers and acquisitions
Human resources and recruitment services
Business risk services and internal audit
Sustainability services
Digital services
Starting business in Estonia?

Audit control is an integral part of each company’s control procedures required for gaining the trust of clients and partners as well as managing the company.

Other audit services
We help clients with the application and use of foreign financial aid of EU and other funds and help prepare financial reports.
Audit calculator
The calculator will answer if the company's sales revenue, assets or number of employees exceed the limit of an inspection or audit.

Corporate accounting and outsourcing

We offer full range of accounting and outsourcing services tailored to your needs.

Payroll and related services
We perform payroll accounting for companies whether they employ a few or hundreds of employees.
Tax accounting
Grant Thornton Baltic's experienced tax specialists support accountants and offer reasonable and practical solutions.
Reporting
We prepare annual reports in a timely manner. We help to prepare management reports and various mandatory reports.
Consolidation of financial statements
Our experienced accountants and advisors help you prepare consolidation tables and make the consolidation process more efficient.
Consultancy and temporary staff
Our experienced specialists advise on more complex accounting transactions, rectify poor historic accounting, and offer the temporary replacement of an accountant.
CFO services
Our CFO services suit companies where creating a CFO position would not be economically feasible, but professional financial leadership is still needed.
Assessment of accounting processes
We help companies to implement accounting practices that are in compliance with local and international standards.
Accounting services for small businesses
We offer affordable service for small businesses. We help organize processes as smartly and cost-effectively as possible.
Cryptocurrency accounting
We keep up with blockchain technology to serve and advise crypto companies. We are supported by a network of colleagues in 130 countries.
Trainings and seminars
Our accountants have experience in all matters related to accounting and reporting. We offer our clients professional training according to their needs.

Related insights:

Business Process Solutions Artificial intelligence shakes up the accounting sector: machines end up doing the easy work, while CFO skillsets are in high demand

5 min read | 11 Apr 2023

The rapid development of artificial intelligence and the arrival of ChatGPT on the scene will not leave accountants on the street, but there will be an increasing need to get in-service training, re-train and think more like a CFO does.

Payroll

We perform payroll accounting for companies whether they employ a few or hundreds of employees. We do not offer one-size-fits-all packages, but always proceed...

Related insights:

Our news We were recognized for long-term cooperation

Less than a minute | 10 Jan 2023

In the end of 2022, Grant Thornton Baltic received the Partner Excellence Award from its cooperation partner, the global business services provider ADP, for 15 years of excellent cooperation in payroll processing for ADP clients in the Baltic countries.

Legal advisory

We provide entrepreneurs with comprehensive legal advice to contribute to their economic success.

Business advisory
We offer legal support to both start-ups and expanding companies, making sure that all legal steps are well thought out in detail.
Fintech advisory
Our specialists advise payment institutions, virtual currency service providers and financial institutions.
Corporate advisory
We advise on legal, tax and financial matters necessary for better management of the company's legal or organizational structure.
Transaction advisory
We provide advice in all aspects of the transaction process.
Legal due diligence
We thoroughly analyze the internal documents, legal relations, and business compliance of the company to be merged or acquired.
In-house lawyer service
The service is intended for entrepreneurs who are looking for a reliable partner to solve the company's day-to-day legal issues.
The contact person service
We offer a contact person service to Estonian companies with a board located abroad.
Training
We organize both public trainings and tailor made trainings ordered by clients on current legal and tax issues.

Related insights:

Legal Amendment to the minimum share capital requirement in the Commercial Code: an apparent cause for cheer but practical concerns remain

Uljana Feldman

| 5 min read | 22 May 2023

On 1 February 2023, the new Commercial Register Act entered into force, ushering in significant changes to the Commercial Code and other laws regulating the activities of corporate entities. Among other things, the changes also concern the net asset requirement, related to one of the major changes – the removal of the requirement of minimum share capital for private limited companies.

Business advisory

Whether your company is just starting out, growing rapidly or in a stable stage of life - you need expert advice from time to time to make the right decisions.

Business model or strategy renewal
In order to be successful, every company, regardless of the size of the organization, must have a clear strategy, ie know where the whole team is heading.
Marketing and brand strategy; creation and updating of the client management system
We support you in updating your marketing and brand strategy and customer management system, so that you can adapt in this time of rapid changes.
Coaching and development support
A good organizational culture is like a trump card for a company. We guide you how to collect trump cards!
Digital services
Today, the question is not whether to digitize, but how to do it. We help you develop and implement smart digital solutions.
Sales organisation development
Our mission is to improve our customers' business results by choosing the right focuses and providing a clear and systematic path to a solution.
Business plan development
A good business plan is a guide and management tool for an entrepreneur, a source of information for financial institutions and potential investors to make financial decisions.

Financial advisory

Failure to provide sufficient attention to corporate development and financial planning may trigger difficulties.

Due diligence
We perform due diligence so that investors can get a thorough overview of the company before the planned purchase transaction.
Mergers and acquisitions
We provide advice in all aspects of the transaction process.
Valuation services
We estimate the company's market value, asset value and other asset groups based on internationally accepted methodology.
Forensic expert services
Our experienced, nationally recognized forensic experts provide assessments in the economic and financial field.
Business plans and financial forecasts
The lack of planning and control of cash resources is the reason often given for the failure of many businesses. We help you prepare proper forecasts to reduce business risks.
Business Intelligence and financial management
Analysing and making sense of numbers in financial reports enables a company’s management to identify new prospects of development and growth.
Reorganization
Our experienced reorganizers offer ways to overcome the company's economic difficulties and restore liquidity in order to manage sustainably in the future.
Restructuring and reorganisation
We offer individual complete solutions for reorganizing the structure of companies.

Tax

With more than 25 years of experience, our team offers wide range of tax services in close cooperation with colleagues from the Grant Thornton network.

Corporate taxation
We advise on all matters related to corporate taxation.
Value added tax and other indirect taxes
We have extensive knowledge in the field of VAT, excise duties and customs, both on the national and international level.
International taxation
We advise on foreign tax systems and international tax regulations, including the requirements of cross-border reporting.
Transfer pricing
We help plan and document all aspects of a company's transfer pricing strategy.
Taxation of transactions
We plan the tax consequences of a company's acquisition, transfer, refinancing, restructuring, and listing of bonds or shares.
Taxation of employees in cross-border operations
An employee of an Estonian company abroad and an employee of a foreign company in Estonia - we advise on tax rules.
Tax risk audit
We perform a risk audit that helps diagnose and limit tax risks and optimize tax obligations.
Representing the client in Tax Board
We prevent tax problems and ensure smooth communication with the Tax and Customs Board.
Taxation of private individuals
We advise individuals on personal income taxation issues and, represent the client in communication with the Tax and Customs Board.
Pan-Baltic tax system comparison
Our tax specialists have prepared a comparison of the tax systems of the Baltic countries regarding the taxation of companies and individuals.

Human resources and recruitment services

We offer to outsource the HR services in the exact amount and precisely in the section of work that you need.

Recruitment services – personnel search
We help fill positions in your company with competent and dedicated employees who help realize the company's strategic goals.
Recruitment support services
Support services help to determine whether the candidates match the company's expectations. The most used support services are candidate testing and evaluation.
Implementation of human resource management processes
We either assume a full control of the launch of processes related to HR management, or we are a supportive advisory partner for the HR manager.
Audit of HR management processes
We map the HR management processes and provide an overview of how to assess the health of the organization from the HR management perspective.
HR Documentation and Operating Model Advisory Services work
We support companies in setting up HR documentation and operational processes with a necessary quality.
Employee Surveys
We help to carry out goal-oriented and high-quality employee surveys. We analyse the results, make reports, and draw conclusions.
HR Management outsourcing
We offer both temporary and permanent/long-term HR manager services to companies.

Related insights:

HR management Sink or swim: well-organized HR work also gives a smaller company a competitive advantage.

Airi Neemre

| 6 min read | 13 Jan 2023

Employees are the greatest asset of any company, upon which competitive advantage is built - but they are also one of the largest cost factors. Every business leader should think about on whether we are doing all we can, to preserve this investment and whether we are making the most of our employees' potential.

Business risk services and internal audit

Our experienced specialists help your organization to regularly assess risks that threaten the fulfillment of goals.

Internal audit
We assist you in performing the internal audit function, performing internal audits and advisory work, evaluating governance, and conducting training.
Internal Audit in the Financial Services Sector
We provide internal audit services to financial sector companies. We can support the creation of an internal audit function already when applying for a sectoral activity license.
Audit of projects
We conduct audits of projects that have received European Union funds, state aid, foreign aid, or other grants.
Prevention of money laundering
We help to prepare a money laundering risk assessment and efficient anti-money laundering procedures, conduct internal audits and training.
Risk assessment and risk management
We advise you on conducting a risk assessment and setting up a risk management system.
Custom tasks
At the request of the client, we perform audits, inspections and analyzes with a specific purpose and scope.
External Quality Assessment of the Internal Audit Activity
We conduct an external evaluation of the quality of the internal audit or provide independent assurance on the self-assessment.
Whistleblowing and reporting misconduct
We can help build the whistleblowing system, from implementation, internal repairs and staff training to the creation of a reporting channel and case management.

Sustainability services

We advise companies who, in conducting responsible business, consider in addition to profit, the impact of their activities on the surrounding world.

Sustainability advisory
We help solve issues related to the environment, social capital, employees, business model and good management practices.
Sustainability audit
Our auditors review and certify sustainability reports in accordance with international standards.
Sustainable finance
We help investors to analyze the environmental issues, social responsibility and good management practices of the company of interest.
Sustainable tax
Our international tax specialists define the concept of sustainable tax behavior and provide services related to sustainable tax behavior.

Digital services

Grant Thornton Digital helps you develop and deploy smart digital solutions that lead your business into the future.

Digital strategy
We help assess the digital maturity of your organization, create a strategy that matches your needs and capabilities, and develop key metrics.
Intelligent automation
We aid you in determining your business’ needs and opportunities, as well as model the business processes to provide the best user experience and efficiency.
Business Intelligence
Our team of experienced business analysts will help you get a grip on your data by mapping and structuring all the data available.
Cybersecurity
A proactive cyber strategy delivers you peace of mind, allowing you to focus on realising your company’s growth potential.
Innovation as a Service
On average, one in four projects fails and one in two needs changes. We help manage the innovation of your company's digital solutions!

Related insights:

Case study We advised German company RAUMEDIC

2 min read | 13 Jan 2022

Grant Thornton Baltic OÜ advised German company RAUMEDIC AG on the acquisition of aktsiaselts A&G. RAUMEDIC AG is a leading developer and manufacturer of systems and components and a partner to medical and pharmaceutical industries. Core business of aktsiaselts A&G is production of medical supplies.

Regardless of whether your company is only just starting out or already rapidly growing, Grant Thornton Baltic can be a trusted partner for you.

Taxation of dividends 2023 and the 2025 tax reform

From a VASP to a CASP: A comprehensive guide to MiCAR

This article covers the key differences between MiCAR and MLTFPA, the fate of the old license, new taxonomies introduced in MiCAR, key regulatory requirements for CASPs.

Taxation of dividends 2023 and the 2025 tax reform

Spring is here, which means it’s the time that many companies reporting their financial results have made the decision to pay out dividends.

From a VASP to a CASP: A comprehensive guide to MiCAR

Taxation of dividends 2023 and the 2025 tax reform

220+

Employees in the Baltics

Partners in the Baltics

Offices in the Baltics

140+

Countries

We help expand your world and look beyond the horizon, and we provide sound advice to support your major business decisions.

Read the latest insights, news and more

Labor law The compensation system set forth in the Employment Contracts Act got overhauled

The Employment Contracts Act provides for compensation for both employees and employers in a number of situations. In Supreme Court practice, the compensation has been viewed as indemnifying a loss, and as such, both parties have to prove that they incurred losses.

Merli Kesküla

| 4 min read | 04 May 2023

Tax Tax-related information exchange about sellers using digital platforms

From January 1st, 2023, chapter 24 of the Tax Information Exchange Act entered into force, according to which platform operators must provide information about the sellers and service providers using the platform and the income earned by them to the Tax and Customs Board.

Urzula Välb

| 3 min read | 10 Apr 2023

Business Process Solutions Artificial intelligence shakes up the accounting sector: machines end up doing the easy work, while CFO skillsets are in high demand

| 5 min read | 11 Apr 2023

Taxes Key elements of the proposed tax reform in Lithuania

On March 20th, 2023, Ministry of Finance of Lithuania revealed proposals on tax reform, to be submitted to Parliament early May, to enter into force from the year 2024 (if adopted).

Less than a minute | 04 Apr 2023

Stock-take Did the stock-take check out?

Proper and smooth stock-taking is often seen as being the tedious duty of accountants, and a process that obstructs the company’s activities for a few hours or days. In reality, stock-taking does not just concern accountants and can be organised more effectively and reasonably by focusing on the most important things.

Bert Haabu

| 6 min read | 22 Mar 2023

Our news

25 Apr 2023

Colleagues have spoken: the best employees and projects of 2022

22 Mar 2023

Veni, vidi, vici!

We’re happy to announce that sworn auditor Bert Haabu was awarded certification as sworn auditor for the public sector in early March. Grant Thornton Baltic now employs 12 sworn auditors and five public sector sworn auditors.

07 Mar 2023

An auditor whose contribution to the development of audit sector and building one of Estonia’s most successful audit services companies has been recognized with a state decoration

Mati Nõmmiste has been the CEO of Grant Thornton Baltic since the very beginning. For decades, he contributed to developing the sphere as a member of the board of the Auditors’ Association and in 2015, President Toomas Hendrik Ilves bestowed on him the Order of the White Star. Last year, the Auditor’s Association thanked Mati for his outstanding work in developing the profession.

How can we help you?

Whether you're interested in our services or you want to find one of our experts, we'll put you in touch with the right team.

Our news

Colleagues have spoken: the best employees and projects of 2022

Veni, vidi, vici!

An auditor whose contribution to the development of audit sector and building one of Estonia’s most successful audit services companies has been recognized with a state decoration

We offer businesses peace of mind and comfort at every stage of their life cycle