In Northern Europe, a little nation called Estonia. With only 1.3 million citizens, Estonia is one of the smallest nations in the European Union, Eurozone, NATO, OECD, and Schengen. Despite this, Estonia is the industry leader in digital control and is the originator of Digital 5. In December 2014, e-Residency, a novel idea, was introduced to Estonia. The e-Residency scheme will be advantageous to freelancers, company owners, foreign partners, and other non-residents connected to Estonia primarily in terms of convenience of living and conducting business. Starting a business, expanding your business, making investments, or studying in the European Union is possible with e-Residency in Estonia.
FIRST LOOK AT DOING BUSINESS IN ESTONIA WITH E-RESIDENCY
- An entirely online process for forming and managing businesses
- From anywhere in the world, you can start and run a business
- Document signatures and verifications in digital form (contracts, annual reports)
- Signed documents are encrypted and transmitted securely
- Bank transactions in Estonia through online banking
On the Internet and in the labour market, Estonia can maintain a transparent and reliable business environment through general access to information about Estonian companies. In addition, basic financial statements and ownership information are available to the public.
E-RESIDENCY: WHO BENEFITS?
- Digital Nomad:
- While traveling, you can start a paperless business.
- Build an European Single Market-accessible company.
- Start-up Founder:
- Take advantage of the EU start-up funding and clientele to grow your business.
- Digital Entrepreneur:
- Without unnecessary bureaucracy or personal presence, enter the European Single Market.
For a digital entrepreneur, location independence is an indisputable advantage of e-Residency. You can operate your business 100% remotely from anywhere in the world, and you won’t have to establish your company again if you move abroad at any time.
Europe’s vast market will provide new opportunities for your company to grow. The resident e-card will enable you to register a company in the EU without having to physically attend the registration process. Paying online with providers such as PayPal is now possible without appointing a local director.
It has never been easier to develop an online business using the software on your computer. Send digital documents by signing, authenticating, encrypting, and signing. You can also file your tax declaration online. As a result, you will now be able to access the European Single Market and its cross-border financial services.
Embrace globalization now. Building connections with service providers will be easier through online collaboration with e-Residents in over 170 countries. Your company will be able to grow in limitless ways thanks to the global community of e-Residents.
- Digital Nomad:
The following criteria must be met to qualify for e-Residency in Estonia: Estonian electronic services are of reasonable interest. A foreigner without a residence permit in Estonia or an Estonian citizen.