Estonia's E-Residency Program Is Growing Faster Than Predicted
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Estonia's E-Residency Program Is Growing Faster Than Predicted
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Re: Estonia's E-Residency Program Is Growing Faster Than Predicted
#2The article doesn't really explain what the e-residency service actually provides, but links to another article with more useful details:
http://motherboard.vice.com/read/lets-all-become-e-residents...
Re: Estonia's E-Residency Program Is Growing Faster Than Predicted
#3The problem is that in order to operate as a startup, as the whole point of the e-residency is, it's not that easy.
Getting a bank account as of end of September is quite hard, border line of impossible. Without a bank account, no startup can be setup properly.
Other than that - very good idea and probably the execution will be even better in the near future.
Re: Estonia's E-Residency Program Is Growing Faster Than Predicted
#4Can anyone provide any insight on why E-Residency would be good for businesses? How about startups in particular?
Re: Estonia's E-Residency Program Is Growing Faster Than Predicted
#5"Than Predicted" and "Than Thought" allows journalists to make true blog titles and for the audience it works better than expected.
Re: Estonia's E-Residency Program Is Growing Faster Than Predicted
#6The exiting news is that estonia is working let people open a bank account remotely, it should be live in Autumn 2016 [1], which is an year from now, but it will really bring a lot of changes...
[1]: http://us9.campaign-archive1.com/?u=d439c8680308c578a74dbd36...
Re: Estonia's E-Residency Program Is Growing Faster Than Predicted
#7The problem is that in order to operate as a startup, as the whole point of the e-residency is, it's not that easy. Getting a bank account as of end of September is quite hard, border line of impossible. Without a bank account, no startup can be setup properly. Other than that - very good idea and probably the execution will be even better in the near future.
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Re: Estonia's E-Residency Program Is Growing Faster Than Predicted
#8Can anyone provide any insight on why E-Residency would be good for businesses? How about startups in particular?
If you are e-citizen in estonia you can easily open a company there.
Taxation in estonia is pretty nice since basically the only tax you pay is when you pull money out of the company, not when you sell something, as long as the money are inside the company you don't own anything.
(Of course is a little bit more complex that this, but here is the idea, you need to pay tax if you have employee for example)
Re: Estonia's E-Residency Program Is Growing Faster Than Predicted
#9Can anyone provide any insight on why E-Residency would be good for businesses? How about startups in particular?
If you are e-citizen in estonia you can easily open a company there. Taxation in estonia is pretty nice since basically the only tax you pay is when you pull money out of the company, not when you sell something, as long as the money are inside the company you don't own anything. (Of course is a little bit more complex that this, but here is the idea, you need to pay tax if you have employee for example)
Well, you also pay VAT when you sell something. You just don't pay corporate taxes.
Re: Estonia's E-Residency Program Is Growing Faster Than Predicted
#10The article doesn't really explain what the e-residency service actually provides, but links to another article with more useful details: http://motherboard.vice.com/read/lets-all-become-e-residents...
"one of her colleagues signed his job contract on his mobile phone while out fishing on the sea."
so in addition to leading the way in digital citizenship, they also have impressive data coverage? Count me in!
Joke aside, I'm very interested in seeing how bigger countries will implement something similar