https://www.nytimes.com/paidpost/estonia/how-estonia-is-using-e-residency-to-support-entrepreneurs.html
In 2014, Estonians asked: If their country could serve citizens and residents entirely online, why not open up their digital borders to more people? This new population wouldn’t need citizenship or physical residency, but would still be issued an Estonian digital ID card, enabling them to operate within Estonia’s digital business environment without physically being in the country. This would allow more people to establish and manage an E.U. company entirely online, helping democratize entrepreneurship globally. E-Residency Explained: What,Why and How? Anyone can apply for e-Residency online, regardless of citizenship or location. Applicants undergo background checks by the Estonian Police and Border Guard Board and, if approved, are invited to pick up an e-Residency starter kit containing a digital ID card and PIN codes used for online authentication and digital signatures. The benefits? Many expats and digital nomads like e-Residency because they can run their businesses entirely online in English, from anywhere they are. Others appreciate being able to run an E.U. company with lower costs and less hassle. This includes a significant number of entrepreneurs already living in E.U. countries where business costs and barriers can be much higher. Finally, many use e-Residency because it’s trusted and can make doing business globally easier. Thanks to Estonia’s digitized business environment, anyone can look up who owns a company established by an e-resident and how it has paid taxes, a transparency valued by location-independent entrepreneurs. They can access the E.U. market, connect with like-minded entrepreneurs and use e-services unavailable to companies registered locally, such as payment providers. --- Albert Peres Goa Culture List [email protected] 416.660.0847 www.goaculturelist.ca
