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    Services
    • Audit and other assurance services
    • Corporate accounting and outsourcing
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    • 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 and other assurance services
    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
    Gaily Kuusik
    Terje Liiv
    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
    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
    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.
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    Showing 16 of 31 content results
    Business plans and financial forecasts We advised the management of Kilingi-Nõmme Economic Cooperative (Coop)
    Grant Thornton Baltic's financial advisory team helped Kilingi-Nõmme Cooperative to prepare a financial model and forecast, which was the basis for the Net Present Value (NPV) scenario analysis.
    1 min read | 24 May 2023
    Internal audit Erasmus+: we highly value the cooperation of the internal auditors
    For two consecutive years, Grant Thornton Baltic’s business risk and internal audit team served as the independent auditor of the programmes of the Estonian National Agency for the Erasmus+ and European Solidarity Corps.
    2 min read | 23 May 2023
    Client story For Estateguru, having an internal auditor is a sign of quality
    From 2017, Estateguru has expanded outside Estonia to offer real estate investment opportunities in the other Baltic states and elsewhere in Europe. With rapid growth taking place, it started to improve and change the company’s risk management system, which led to a need for an internal auditor.
    2 min read | 09 Feb 2023
    Client story ESTO: An outside set of eyes gives additional assurance
    Financial services are one of the most strictly regulated business areas. It is to be expected that every financial service provider must have an internal auditor, be it a paid staff member or outsourced service. ESTO Group, a credit provider founded in 2017 that expended to Latvia and Lithuania in 2021, went the outsourcing route and partnered with Grant Thornton Baltic for internal audit services.
    5 min read | 17 Jan 2023
    Client story Hüpoteeklaen AS: Internal auditors help keep companies trustworthy
    It’s said it takes years to build trust but just a moment to destroy it. The dictum should be taken especially seriously in the financial sector where big sums of money hang in the balance along with the trust of clients, partners and supervisory authorities.
    3 min read | 17 Jan 2023
    Client story For the e-Governance Academy, an internal auditor is seen as a good colleague
    What do Mauritania, Kosovo, Moldova, Iraq, Kenya and Kyrgyzstan have in common? Answer: the e-Governance Academy has provided advisory services to them and tens of other countries in transition, helping local government institutions and NGOs efficiently develop electronic public services and make democratic processes better.
    5 min read | 13 Jan 2023
    Case Study Grant Thornton supports pharma company J. Molner’s IPO
    This November, the Nasdaq Tallinn exchange’s alternative market First North started trading of the shares of the only Baltic pharmaceutical company J. Molner. Grant Thornton Baltic auditors had an important role in laying the groundwork for J. Molner’s market debut.
    2 min read | 21 Dec 2022
    Transaction advisory We advised OÜ Rannu Seeme in the transaction of the exit of a shareholder
    Grant Thornton Baltic's transaction advisory team helped OÜ Rannu Seeme develop the conditions for the exit of the partner, including advising on the execution and formalization of the transaction.
    1 min read | 21 Dec 2022
    Due diligence We advised a venture capital fund’s investment into the start-up Qualitista
    In August 2022, Grant Thornton Baltic concluded a financial and tax due diligence for an Estonian start-up company Qualitista.
    2 min read | 21 Nov 2022
    Transaction advisory We advised a venture capital fund’s investment into the start-up Jobbatical
    The Nordic venture capital fund Inventure invested 11.6 million euros in the Estonian startup Jobbatical in 2022.
    2 min read | 03 Oct 2022
    Case study Grant Thornton Baltic supports accounting client in becoming publicly listed
    In May, the latest Estonian company will become listed on Nasdaq First North, the alternative list of the Tallinn Stock Exchange – the digital product sale platform Punktid Technologies AS.
    2 min read | 26 Apr 2022
    Case study Another start-up goes public, with an assist from Grant Thornton Baltic
    An Estonian health tech Robus Group AS will be holding its initial public offering on the Nasdaq First North alternative market in April. Grant Thornton Baltic made a contribution to Robus going public, conducting the audit of the company’s financial statements.
    1 min read | 08 Apr 2022
    Case study Grant Thornton Baltic provides support for Airobot’s public market debut
    Grant Thornton Baltic was recently again able to contribute to a market debut for an Estonian company: our auditors conducted a financial audit of a producer of high-tech ventilation systems, Airobot Technologies, which as of 10 February is listed on Nasdaq First North.
    1 min read | 22 Feb 2022
    Transaction advisory The experience of a businessman who sold his life’s work: how to get top dollar from the Chinese
    A businessman who started a company in Estonia even before the country had regained independence, Kevin Probert-Ehaver, recently sold his life’s work – the three Baltic companies in BK Group – to a major Chinese corporation, Hikvision. The transaction proved more complicated than planned, but in the end he managed to negotiate a price that was triple what was originally offered.
    Kristjan Järve
    Kristjan Järve
    | 5 min read | 10 Feb 2022
    Case study Good work gets deserved recognition
    The auditors of Grant Thornton Baltic audited the 2020 IFRS annual report of the public interest entity UPP Olaines OÜ consolidation group.
    1 min read | 26 Jan 2022
    Case study We advised German company RAUMEDIC
    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.
    2 min read | 13 Jan 2022
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