The director general of the Chamber of Commerce and Industry, Mait Palts, said that Estonia is a country with an attractive and good business environment where media channels currently registered in Britain could easily bring over their business. Estonia isn't alone in its hope for big media to move in: Ireland, for example, as also been very active trying to attract potential movers.

"As an advantage over other countries, Estonia can offer in the first place an effective digital business environment, including fast and easy establishing of a business and management of affairs, low level of bureaucracy, a transparent tax environment and low costs," Palts said through spokespeople.

He said that the arrival in Estonia of media and broadcasting service providers now based in the U.K. would be good for the development of the whole media sector of Estonia and would not undermine the position of the media companies currently active in Estonia.

"The media service providers active in Britain are interested in continuing to provide the service in the European Union on the same basis as they have been doing as a company of an EU member state to date. The more companies of one sector come together in Estonia, the more opportunities this will offer not only to the companies active in the sector, but more broadly," Palts said.

The companies currently operating under the British Ofcom licenses to broadcast television channels in the EU market might be at risk after the U.K. leaves the EU. It is said that approximately 1,200 television channels registered in Britain are searching for potential new bases where they could go on providing their services to the EU market in the future.

Under the EU audiovisual media service directive AVMSD, EU member states must enable media service providers registered in one member state to provide their services without restrictions in all member states. Provided that no agreement setting out special terms for broadcasters will be concluded as part of the Brexit deal, companies registered in Britain will lose such right after Brexit.

Minister of Culture Indrek Saar, who is responsible for audiovisual media affairs in the Estonian government, described this as an exceptional opportunity to bring together in Estonia top-level media competence, liven up the economy and provide our own film and media sector with wider opportunities for offering its services.

"This would create an opportunity for local television, advertising and film producers to export their services more easily and thus increase the volume of capital as well as circulation of know-how in their sector. Moreover, the inflow of additional skilled workforce would create good preconditions for developing education related to the said field," the minister added.

On Wednesday, March 28, a business seminar for broadcasting companies based in the U.K. will take place in London at which Estonia will showcase opportunities and smart solutions to U.K.-based media service providers to overcome potential challenges which they may face in the post-Brexit media landscape.

The event's opening remarks will be delivered by President Kersti Kaljulaid and Minister Indrek Saar. The seminar hosted by the Estonian Chamber of Commerce and Industry will provide broadcasters with all relevant information about using Estonia as a European base following Brexit.