E-Residency powered by the Government of Estonia is the new digital world to establish your business in Estonia and enhance your European market.
It is the first country in the world to provide e-residency to anyone around the world. It will allow location-independent non-citizens and firms to access services. It is a gateway for the various freelancer, digital nomad and startup around the world to showcase their products to European users and get benefits with EU policy and services.
It should be the next step of startup firm for their Go-to-market strategy.
Benefits:
- Your owned company with all information and access online
- All operation can be done remotely
- All registration and other services are provided through an online portal by the Govt. of Estonia
- Payment can be accepted by PayPal
- Declare tax and business document completely online
How to Apply:
- Gather all your documents like Govt ID, passport photo, visa or MasterCard, etc
- Submit your application with a fee of €100
- Estonian Police & Border Guard Board conducts the background check and will notify you by email when the process is complete. Processing: 6-8 weeks
- If the application is successful after review, you will inform to collect your E-residency kit as per your location in the application.
Cryptocurrency firms have particularly embraced the program warmly with around 600 of them estimated to be registered currently.
Indian startup numbers are increasing day by day. Around 286 companies have already registered. The majority of them were set up by startups and other freelancers working across sectors such as web designing, software programming, content writing etc. The application count reached around 1100 only from India.
Mukesh Ambani-owned Reliance Industries had also participated in the programme and has set up a research centre for Jio in the country. It will be headed by former chief information officer of Estonia and one of the founders of e-Residency program, Taavi Kotka. It will be responsible for understanding the Estonian digital space and will analyse the type of benefits it can offer in India.
“Our goal in 2019 will be able to attract around 300 new companies from India. With the benefits that e-Residency has to offer for Indian digital entrepreneurs, I am confident that we will outperform our targets, especially because Estonia and India are collaborating more and more closely on e-governance, tech and economic issues,” said Arnaud Castaignet, the head of public relations of Estonia’s e-Residency.
Estonia is among the elite group of countries in the highest echelons of the UN’s E-Government Development Index (EDGI), with its citizens and public servants able to access a wide range of services online using secure digital IDs, including making payments, accessing full health records, and internet voting.
In 2014, more than 50,000 people from around the world have applied for e-Residency will now. Skype, the video chatting service that was bought by Microsoft, was launched in Estonia in 2003.
Its recent unicorns include payments firm TransferWise and Uber competitor Taxify. Today, the government boasts it is home to more tech unicorns, private companies valued at more than $1 billion, per capita than any other small country in the world.
The e-residents have already created 4,500 new companies in Estonia and, according to an economic impact analysis by Deloitte conducted in 2017, have contributed €14.4 million to the Estonian state and economy so far. Even Microsoft founder Bill Gates is on e-resident of Estonia along with German chancellor, Angela Merkel, the Japanese Prime Minister, Shinzo Abe, and, most recently, Pope Francis.
