Estonian E-residency
Estonia is creating a borderless digital society for global citizens as the first country to offer e-Residency.
E-Residency is a transnational digital identity that anyone in the world can apply for to obtain access to a platform built on inclusion, legitimacy and transparency. E-residents then have access to the EU business environment and can use public e-services through their digital identity.
The primary reason e-residents are joining this community is to run a trusted location-independent EU business online with all the tools needed to conduct business globally.
e-Residents can:
Establish and manage a location-independent company online from anywhere in the world
Establish a trusted EU company online in one day
Manage the resulting company fully online
Apply for a business bank account and credit card, and conduct secure e-banking
Access international payment service providers (Paypal, Braintree, etc.)
Digitally sign and transmit documents
Declare Estonian taxes online
Why open a company in Estonia?
Membership of the EU, NATO, OECD and eurozone provides advantages and stability
Low startup and maintenance costs
Growth is incentivized with 0% corporate tax on reinvested profits
Minimal bureaucracy and a clear tax framework
Minimal corruption in a transparent business environment
Trade in euros to mitigate the risk of currency fluctuations
E-residents receive a digital ID-card with two PIN numbers for secure digital authentication and digital signatures. Secure digital signatures are legally equivalent to a handwritten signature and face-to-face identification in Estonia, as well as between partners upon agreement anywhere around the world.
e-Residency is Estonia’s gift to the world – the opportunity for anyone, anywhere to succeed as an entrepreneur.
source: https://e-estonia.com/solutions/e-identity/e-residency/
For more Informations about business and economic news - follow, every upvote is a step closer to my financial independency :) Thanks! :)
seems great and what is the cost structure associated
"You can contract with a virtual office service provider to obtain a legal address in Estonia. It costs around €200/year and solves the problem. It’s a cheap price to pay to escape from loads of paperwork."
https://www.contriber.com/e-residency-estonia/
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