Estonia

Estonian Freelancers, SMEs Can Now Invest in the Global Stock Market via Lightyear

by Fintechnews Baltic November 15, 2022

London-based investing app Lightyear has launched business accounts in Estonia to enable freelancers and small business owners to invest in the global stock market.

Estonian businesses will be able to invest in stocks and ETFs from the US and Europe through their Lightyear business accounts. Investments in Euro markets are free, while a fixed fee is charged for other markets.

According to Lightyear, gains from investments on its business accounts will only be taxed when they are withdrawn from the account or distributed as dividends since investment income in Estonia is taxed in the same way as normal business income.

Founded in 2020, Lightyear launched in 19 European countries in the UK and EEA in September 2022. The company previously a US$25 million Series A in mid-2022 from Lightspeed Venture Partners and Sir Richard Branson.

Featured image credit: Edited from Unsplash