Not. Estonia has concluded bilateral conventions for the avoidance of double taxation and the prevention of fiscal evasion with countries over the world.
Estonia is a member of the OECD organisation. Moreover, the beneficial owner is visible and published in Estonian RIK – Commercial Register.
Even so – there are a lot of tax and business incentives of running the company through Estonia. The Estonian private limited company is called “OÜ” or “osaühing” in Estonian language.