41–50 of 129 posts
I believe this has huge implications for someone who would want to operate a company from a business friendly country, as opposed to say a country where the individual is located physically but is otherwise corrupt or war ridden. My understanding is that this status allows you to form companies, open bank accounts and sign binding documents just like someone living in Estonia. And that is pretty impressive. Add crypt…
I believe this has huge implications for someone who would want to operate a company from a business friendly country, as opposed to say a country where the individual is located physically but is otherwise corrupt or war ridden. My understanding is that this status allows you to form companies, open bank accounts and sign binding documents just like someone living in Estonia. And that is pretty impressive. Add crypt…
"Money laundering has never been so easy! Thanks E-stonia!"
What are the differences between residency and e-residency? E.g. they won't allow me to vote, will they? What else?
For some time, I have daydreamed of various cool scenarios that would only be possible with a government-issued digital ID. But in my daydreams, I've never considered a third-party government issuer. I don't see value in this beyond the value that I see in a corporate-issued digital ID, and that's hardly more valuable than a self-issued ID. Obviously, Estonia has considered some angle which I have not. You can become…
Estonian language is perceived as having uncharacteristically long dragging of vowels during pronunciation, so e-Estonian works just as well. I wonder if there is some kind of inside joke around that.
This is awesome. Estonia could have a shot at becoming the "Delaware" for non-US entrepreneurs, esp EU, i.e. have all the high-growth companies incorporate because of clear, friendly startup support infrastructure and laws.
"e-residency is also launched as a platform to offer digital services to a global audience with no prior Estonian affiliation – for anybody who wants to run their business and life in the most convenient aka digital way! We plan to keep adding new useful services from early 2015 onwards."
http://e-estonia.com/wp-content/uploads/2014/10/Become-Eston...
I was in Estonia two days ago. I just passed through on a whim as part of a European bicycle tour. I am embarrassed to admit, I knew very little about the country before being there. I was only there a week, so my impressions are addmittedly naive, but very positive. There was a lot of technology forward thinking - online voting, constitutional right to internet access, co-working spaces catering to young entrepreneu…
Everyone I've met and spoken to out there has been through some serious shit right up until the late 1990s from wars to genocides. They really are forward thinking because looking back hurts badly.
It might sound cheesy but I have a lot of hope for Europe and most of it comes from the East.
At the same time I'm disgusted at how the media and general population treats our fellow Europeans.
Earlier quoted context omitted.
"Money laundering has never been so easy! Thanks E-stonia!"
So money laundering is the only reason for using cryptocurrencies? And who says cryptocurrencies can’t be regulated?
I believe this has huge implications for someone who would want to operate a company from a business friendly country, as opposed to say a country where the individual is located physically but is otherwise corrupt or war ridden. My understanding is that this status allows you to form companies, open bank accounts and sign binding documents just like someone living in Estonia. And that is pretty impressive. Add crypt…
Nothing stops you opening a company in Estonia now, but that does not mean you would only pay corporation taxes there (they are at 10% when distributed as dividends), your physical location plays a role too.
Is there a tax advantage here? Estonia's tax system is supposed to be very simple, and allows for a 0% corporate income tax on all profits that are re-invested into the corporation (source: http://www.incorporate.ee/why-estonia/low-tax-jurisdiction ). Does this mean I can form a corporate entity in Estonia and gain all the tax benefits without any physical presence?
As soon as you distribute the profits, 10% tax applies from the Estonian end.