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eResidency 101 > ESTONIA – eResidency in Estonia for Location Independent Businesses
- FDN Life
- December 14, 2022
- 2:00 pm
- ISSUE NO: 11 > JULY-DEC '22
estonia eresidency e-residency for location independent businesses. The benefits of eresidency for your business. estonia eresidency e-residency for location independent businesses. The benefits of eresidency for your business.
estonia eresidency e-residency for location independent businesses. The benefits of eresidency for your business. estonia eresidency e-residency for location independent businesses. The benefits of eresidency for your business.
FDN LIFE - WORK & BUSINESS >
E-Residency in Estonia is a digital identity program that provides location independent entrepreneurs with a physical presence in the country and access to its digital services.
Additionally, visas are available to those outside the USA, Canada and UK, who can not freely travel to the country.
In this article, we explore what Estonian eResidency is, it’s benefits for location independent business owners, and visa requirements if you need a visa.
WHAT IS ESTONIA'S ERESIDENCY PROGRAM
Estonia’s eResidency program is ideal for entrepreneurs, freelancers, work-from-home business owners, and remotes who require a registered business, whether for a single owner or multiple directors. Via eResidency, you can manage the company from anywhere in the world.
The program provides a secure digital identity, access to online banking services, and the ability to register a company online.
It also provides businesses with access to the European Union expansive marketplace, which is the world’s largest free–trade area.
Additionally, businesses can benefit from the country’s low taxes and business–friendly regulations.
Businesses that are registered in Estonia also have access to a number of government services, including e–government services, digital signature services, and access to the e–residency platform. These services make it easier for entrepreneurs to conduct business and manage their operations from anywhere in the world.
THE TOP 4 BENEFITS OF ESTONIA'S ERESIDENCY PROGRAM
1. Low Cost of Entry & Registration: Estonia‘s e–residency program is one of the most cost–effective ways to set up a business in Europe. The program costs only €100 for a two–year period, making it a much more affordable option than opening a business in other countries.
2. Easy Access to European Markets: With an Estonian e–residency, entrepreneurs can take advantage of the EU‘s single market and access the same opportunities as local businesses. This makes it easy to expand into European markets, connect with customers and suppliers, and access new sources of capital.
3. Low Taxes: Estonia has one of the most competitive tax systems in the world. The corporate income tax rate is only 20%, and there is no wealth tax or capital gains tax. This makes it an attractive option for entrepreneurs looking to reduce their tax burden.
4. Digital Infrastructure: Estonia is a world leader in digital infrastructure, with a highly developed e–government system and secure digital services. This makes it easy for e–residents to securely access government services and manage their business without ever having to set foot in the country.
5. Professional Network: Estonia‘s e–residency program is a program that attractions thousands of like-minded individuals. There are options to connect and share information, resources, and know-how.
ESTONIA DIGITAL NOMAD VISA REQUIREMENTS
Please note that the requirements will differ from Embassy to Embassy. It’s best to visit the Estonian Government website and select the Embassy at which you will apply for accurate information.
The requirements for an Estonian Digital Nomad Visa mentioned below is in general, and may include:
- Be at least 18 years of age.
- Hold a valid passport from an eligible country.
- You can work completely remotely using telecommunication.
- Have proof of sufficient funds to cover your stay. At the time of writing, this is around 3,504 EURO.
- Have health insurance that covers you for the duration of your stay in Estonia. At the time of writing, the health insurance should cover 30,000 EURO.
- Proof that you are a freelancer or digital nomad working remotely.
- Complete the application form online.
- Proof of accommodation must accompany your application. You can for example, submit a reservation or rental agreement.
Exploring the option of Estonian eResidency might be one of the most lucrative steps in advancing into the future of business and business management. It may also be just the step needed to take your location independent business to the next level.
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THE TOP 5 BENEFITS OF ESTONIA'S ERESIDENCY PROGRAM estonia eresidency e-residency for location independent businesses. The benefits of eresidency for your business. estonia eresidency e-residency for location independent businesses. The benefits of eresidency for your business.
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CONTENT
- Editor's Notes >
- eResidency 101 > PART 1 - A History
- eResidency 101 > PART 2 - PROs & CONs of Top eResidency Programs Compared
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- LIESBET & MARK > A Life Well Travelled
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DIGITAL NOMAD FAMILIES >
Top 5 Winter Destinations for Digital Nomad Families Travelling Together - ERESIDENCY 101 > PART 3 - ESTONIA - eResidency in Estonia for Location Independent Businesses + Visa Requirements
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