Estonia is a small country in Northern Europe. Nowadays, Estonia is a homeland to 1.3 million people, that makes it one of the less-populated countries of the European Union, Eurozone, NATO, the OECD, as well as the Schengen area.
However, Estonia is a world leader in the field of digital control and founder of Digital 5 (D5). In December 2014, Estonia became the first country in the world to introduce the concept of e-Residency. The main purpose of the e-Residency program is to make life and business easier for freelancers, business owners, and international partners, as well as any other non-residents, who are related to Estonia. E-Residency in Estonia makes it possible start a business, expand your business, make investments or study in the European Union.
What is e-residency?
Electronic residency is a state-issued digital identity and an e-Resident status, which provides access to Estonian e-government services and a transparent paperless business environment. E-Residency is issued by the Estonian government to non-citizens of Estonia who do not have the possibility of permanent residence on its territory but would like to have access to e-services of Estonia and the European Union.
Established as a nationwide initiative, the e-Residency program is led by a number of government ministries and institutions, whose efforts are aimed at improving Estonia’s digital infrastructure and business environment. But most importantly, thanks to Estonia’s EU membership, e-Residents have the right to use electronic services not only in the business environment of Estonia, but in the entire European Union.
However, it should be noted that the e-Resident ID-card does not grant Estonian citizenship nor the right to enter the EU to its holder, as it is not a physical identity card. In addition, e-Residency, as such, is tax-free.
Estonian e-Residency provides digital entrepreneurs with freedom to set up and manage businesses in the EU from anywhere in the world. According to the Estonian Info Register, as of October 2020, more than 73,000 people from 170+ countries have applied for e-Residency, having already created over 14,000 Estonian startups. The application is submitted remotely with the payment of a state fee in the amount of 100-120 EUR, and the e-Residency kit itself is issued to the applicant personally at one of the approved points of issue. At Company in Estonia OÜ we are happy to guide our clients and help in obtaining an e-Resident card.