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List of Central Banks Worldwide

With the introduction of the euro on 1 January 2011,[3] the function of the bank changed again as many of its monetary functions were taken over by the European Central Bank. Other functions, as well as membership to the European System of Central Banks remained

Estonia is a member of the European Union and the eurozone and is an advanced economy, according to the IMF.[8]

Before the Second World War Estonia's economy was based on agriculture, but there was a significant knowledge sector (with Tartu known for scientific contributions) and a growing industrial sector, similar to Finland. Products such as butter, milk and cheese were widely known on the western European markets. Main markets were Germany and United Kingdom, and only 3% of all commerce was with the neighbouring USSR. The USSR's forcible annexation of Estonia in 1940 and the ensuing Nazi and Soviet destruction during World War II crippled the Estonian economy. Post-war Sovietization of life continued with the integration of Estonia's economy and industry into the USSR's centrally planned structure. Estonia and Finland had about the same GDP per capita before Estonia became a planned economy. By 1987, the capitalist Finland's GDP per capita was 14,370 USD and the communist Estonia's GDP per capita was around 2,000 USD.

After Estonia moved away from socialism in the late 1980s and became an independent capitalist economy in 1991, Estonia emerged as a pioneer in the global economy. In 1994, Estonia became one of the first countries in the world to adopt a flat tax, with a uniform rate of 26% regardless of personal income. In January 2005 the personal income tax rate was reduced to 24%. A subsequent reduction to 23% followed in January 2006. In 2007 the tax rate was lowered to 22% and in 2008 to 21%. The rate was frozen in 2009. Estonia received more foreign investment per capita in the second half of the 1990s than any other country in Central and Eastern Europe. Estonia has been fast catching up with the EU-15, having grown GDP per capita from 34.8% of the EU-15 average in 1996 to 65% in 2007, similar to Central Europe.[9] Estonia is already rated a high income country by the World Bank. The Estonian economic miracle has been termed a Baltic Tiger.

Estonia is ranked 12th of 162 countries in the Index of Economic Freedom 2008, the best of any former communist country from the Soviet Union. Estonia is on bottom of Europe by labour market freedom, but the government is drafting improvements.[10] Estonia is 17th on the Ease of Doing Business Index 2011 by World Bank Group. The Government of Estonia finalized the design of Estonian euro coins in late 2004, and adopted the euro as the country's currency on 1 January 2011, later than planned due to continued high inflation. The Estonian kroon was pegged to the Euro at a rate of 1 EUR = 15.64664 EEK.
 

The Financial Crisis of 2008 seriously affected the Estonian economy, primarily as a result of an investment and consumption slump following the bursting of the real estate market bubble which had been building up during 2004. Estonia had the E.U.'s worst year for unemployment. Unemployment in May 2009 rose to 15.6% from 3.9% a year earlier.

Nevertheless, long-term prospects for the Estonian economy remain among the most promising in Europe. In 2011, the real GDP growth in Estonia was 8,0%, and according to the projections made by the CEPII, the GDP per capita could rise to the level of Nordic economies by 2025 (Sweden, Finland, Denmark). By 2050, according to the same projections, Estonia could be the most productive country in the EU after Luxembourg and thus be among the top 5 most productive nations in the world

List of Offshore Bank

Here are some of the common famous Offshore Zones : Switzerland, Austria, Latvia, Liechtenstein, Cyprus, Bahamas, Cayman Islands, Belize, Costa Rica, Panama, Dominica, British Virgin Islands, Isle of Man, Cyprus, Mauritius, Singapore, Hong Kong, and Cook Islands. These places are notoriously called ' Tax havens of the World ' because they offer significant tax benefits like no income taxes, no estate taxes, no capital gains, excellent interest rates for investments, direct access to stock markets. Switzerland is the undisputed leader in offshore. 

Nevertheless, privacy is a biggest attraction in these 'Tax Free Zones' of the world.

We make offshore bank account setup easy: Just a copy of your passport "legalized" or ID required.

Bank of Albania - Bank of Algeria - Bank of Argentina - Bank of Armenia - Bank of Aruba - Bank of Australia - Bank of Austrian - Bank of Azerbaijan - Bank of Bahamas - Bank of Bahrain - Bank of Bangladesh - Bank of Barbados - Bank of Belarus - Bank of Belgium - Bank of Belize - Bank of Bermuda - Bank of Bhutan - Bank of Benin - Bank of Bolivia - Bank of Bosnia - Bank of Botswana - Bank of Brazil - Bank of Bulgaria - Bank of Burkina Faso - Bank of Cameroon - Bank of  Canada - Bank of Cayman Islands - Bank of Central African Republic - Bank of Chad - Bank of Chile - Bank of China - Bank of Colombia - Bank of Congo -Bank of Costa Rica - Bank of Côte d'Ivoire - Bank of Croatia - Bank of Cuba - Bank of Cyprus - Bank of Czech Republic - Denmark - Bank of Dominican Republic - East Caribbean area - Ecuador - Egypt - El Salvador - Equatorial Guinea - Estonia - Ethiopia - European Union - Fiji - Finland - France - Gabon - Georgia -