What Makes Estonia Different?
The former Soviet republics Estonia, Latvia, and Lithuania have turned themselves into some of the most tech-savvy, digitally focused governments in Europe. They address the market opportunity of the European digital single market. 2018, Estonia is regarded as one of the world’s most advanced digital nation. Anybody who wishes to start a business in Estonia can become an eResident and get a so-called e-residency to access all electronic services offered by the government. E-residency provides the possibility to establish a company online, manage it remotely and achieve location independence.
The Republic of Estonia is the first country to offer e-Residency — a transnational digital identity available to anyone in the world interested in administering a location-independent business online. e-Residency additionally enables secure and convenient digital services that facilitate credibility and trust online.
The E-Residency program saves time you would otherwise have spent on bureaucracy, tax authorities, and incorporation. Although there are obvious benefits to incorporating your cryptocurrency business in Estonia, it is important to consider the legal and compliance obligations. Incorporating your business is a major decision which should be well planned and for which advice should be sought from professionals. Estonia shows what e-societies of the future will look like, and how entrepreneurs in other countries can capitalize and learn from, especially educational tech Infrastructure. and Cybersecurity.
- Online Government: Estonian citizens do most of their necessary business with their government over the internet. I can use my electronic ID card to access the government’s e-services, which include paying taxes, registering a business and even paying for parking.
- According to the Estonian government’s website, “where the business is easy, the business will grow.”
- In August 2020, Estonia announced a world-first Digital Nomad Visa for remote workers. The visa allows eligible location-independent workers to live in the country for up to a year while they work online.
- One hundred percent of Estonian schools were using e-schooling solutions long before the coronavirus forced every student and teacher on the planet to adapt to remote learning.
- There have been computers in every classroom in Estonia since 2000, and as early as 2015 the Estonian government pledged to digitize all educational materials. The country made its ed-tech solutions for distance learning available to all countries for free.
I became an eResident in Estonia to join the Baltic digital pioneers, and thousands of digital nomads from all around the world. Considering the eResident movement as a milestone in our journey to decentralized organizations, often considered as the superior organization model.
As an eResident, I can start a location-independent EU company remotely, run it online from anywhere, as well as access all the tools needed to easily conduct business globally. It includes a legal address for our Estonian company and accounting services. We now can start and scale new organizations faster and easily go to market in the European Union with a connected service under one European wide digital legal framework.