We reveal new aspects of the structure of Hilbert space -semigroups similar to semigroups of contractions. In particular, we prove that is similar to a semigroup of contractions if and only if is similar to a quasi-contraction -semigroup and is similar to a contraction for a single Moreover, our methods allow us to estimate the corresponding similarity constants and clarify their role in the study of similarity to contractions. Along the way, we obtain similarity conditions involving unbounded operators and imposing minimal assumptions on regularity of . Such a general setting allows us to find significant applications to control theory, including characterizations of exactly observable and exactly controllable systems. Finally we establish several criteria of the same flavor for similarity to isometric semigroups, and illustrate the developed theory by a number of pertinent examples.

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