If you are reading this blog, I can
In 2014, Estonia started accepting e-residency chance for startups all around the world. E-Residents gained the chance to work within European Union by establishing a digital company in Estonia, without a physical office or an individual in Estonia. If you apply and get accepted for the program, you receive a physical Estonian government-issued digital ID and start your program from anywhere in the world. But one important note: you DO NOT become an Estonian (therefore EU) citizen with e-residency, you only get the right to start a company.
E-Residency gives great new opportunities, as you now have a company within EU borders. You can gain access to the banking system or international payment service provider, sign your documents safely and digitally, have easy access to EU market, work within EU laws and last but not least you will have an EU company which removes some trust issues (especially when compared to developing countries).
To apply for e-residency in Estonia, you just need your local government-issued ID, passport, photo, credit card and a letter of motivation for your application. Then you need to pay 100€ and wait for 6 to 8 weeks for
Your digital ID is the way you can get into anything related to Estonia: from starting your company, to paying your taxes later on. Estonian ID cards can be plugged directly into a computer through an e-reader that connects to the USB port. The ID card holder then simply enters their unique pin codes to either authenticate their identity or digitally sign. Even if Estonia has less than 2 million population, they are using digital IDs since 2000.
I started my company. What now?
Even if you don’t need a physical office, you still need an
After you handle all the “digital paperwork” for you company, you can start doing business asap. E-residents pay 20% income tax and it can also be done digitally with your ID.
For now, Estonia is the only country in the world that accepts e-residents, so there is no alternative unfortunately.
More Info about e-Residency in Estonia
Further reading: e-Residency whitepaper
Further reading: Why e-Residency is popular with Turkish entrepreneurs