5. a modest
country that
extends beyond
its borders
+ population: 1.3 million
+ area: 45,339 km2
+ currency: Euro
+ member of: EU, NATO, WTO, OECD, DIGITAL 7
+ ICT sector: 7% of GDP
10. e-residency
+ First in the world
+ 155 countries
+ 40 000+ e-residents to date
+ 6 600+ e-residents companies
+ Bank account online
+ Inclusive. Everyone can join.
+ Legitimate. Offers full access to EU
business environment.
+ Transparent. Estonian GovTech is
based on a foundation of transparency.
+ Empowering. Equal opportunity for
everyone in the world to access EU
business tools.
e-resident.gov.ee
11. Digital Nomads and e-Residency
PROBLEM:
● Every time need to adjust to local
environment
● Business administration is still at
origin country – requires travelling
to sign documents
● High cost and not efficient company
administration
● Status for tax residency is not clear
12. Digital Nomads and e-Residency
VALUE:
● No need to extra travel to manage a
company
● Non bureaucratic, fast and online
way to open and run a company
● Reasonable cost for establishing a
company
● Less time spent on learning local
regulations
● Modern online banking with various
currencies and investment
opportunities
13. FAQ
1. Does e-Residency give me Estonian residency/EU residency/interfere with my current residency
status? NO. e-Residency does not interfere with your current residency status nor can you
use it for travel.
2. Does it offer lower taxes? Companies that are Estonian tax residents can benefit from 0%
income tax on retained and reinvested profits. It does not interfere with your personal taxes.
Company’s tax residency depends on a number of details.
3. Is it hard to get bank account for your business? Conventional bank account might be a
challenge but there are number of Fintech alternatives that are very good.
4. What is the cost of starting a business with e-Residency? 100 euros for e-Residency. 190 euros
for company registration state fee. 10-100 euros a month for virtual address, authenticated
contact person, accounting…
5. How long does it take to set everything up? 30-60 days for to get e-Residency. 1 day to set
incorporate company. A couple of days for banking (depends on a variety of details).
14. Estonian Digital Nomad Visa
● Estonia is planning to introduce a digital nomad visa that would enable digital
nomads to work and travel in Estonia for up to 365 days.
● The digital nomad visa would also give these digital nomads access to the
Schengen Area, allowing them to travel in other EU member states for up to
90 days.