e-Residency of Estonia (also called virtual residency or E-residency) is a program launched by Estonia on 1 December 2014. … The program gives the e-resident a smart card which they can use to sign documents. The program is aimed towards location-independent entrepreneurs such as software developers and writers.
What are the benefits of e-residency Estonia?
The benefits of e-Residency
- Establish an Estonian company online (great for anyone wanting to enter the European market)
- Manage your Estonian company from anywhere in the world; residency is not a requirement.
- Digitally sign and verify the authenticity of signed documents.
- Declare Estonian corporate taxes online.
Can you live in Estonia with e-residency?
Can I live in the EU with e-Residency? … Your status as an e-resident does not grant permission to live in Estonia or within the EU. You will not receive benefits related to EU residency by becoming an e-resident.
How much does Estonia E-residency cost?
How much does the e-residency cost? The current application fee is €100, plus €1.99 to cover the payment processing. Since the card is valid for 5 years, that works out to about €20 per year.
Which countries have e-residency?
Estonia is the first country to offer e-Residency, a government-issued digital identity and status that provides access to Estonia’s e-services and transparent business environment. Over the last 25 years, Estonia has made 99% of its government services available online, accessible through a secure digital ID system.
Is Estonia a tax haven?
Estonia is an exciting financial center that can be classified as a tax haven due to its low tax opportunities for non-resident businesses. … It is one of the only countries in the EU that allows no corporate taxation if all income is sourced outside the country.
Can I open bank account with Estonia E-residency?
E-Residency does not grant any rights to open a personal bank account in Estonia. Banks, in general, wish to see a strong connection to Estonia and are reluctant to open an account for non-residents. You will need to demonstrate your connection to Estonia.
Can I open a bank account with E-residency?
Based on regulatory changes in 2017, opening a bank account is now possible online using an e‑ID or e–Residency card, a video interview recording, and facial recognition technology.
How much does e-residency cost?
E–Residency application state fee = €100-€130, depending on pickup point. Company registration state fee = €190. Fee for legal address + licensed contact person in Estonia = €200-400 per year, on average. Fees for additional services (e.g. bookkeeping, accounting) start at €50 per month.
Can foreigners buy property in Estonia?
Buying property in Estonia is a straightforward and a relatively speedy process. Non-residents and foreign companies are allowed to buy property in Estonia on the same terms as residents.
How do I get Estonian citizenship?
Estonian citizenship can be applied, if:
- you have a long-term residence permit or the right of permanent residence.
- you have lived in Estonia, prior submitting an application, for at least eight years on the ground of a residence permit or by right of residence, of which at least the last five years on a permanent basis.