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Estonian e-residency
21–27 of 27 posts
Re: Estonian e-residency
#22I think we gave the site the 'ol internet hug :)
This sound interesting though.
Re: Estonian e-residency
#23Any word on where Estonia plans to go with all this in terms of citizenship/visa, taxation and so on?
Re: Estonian e-residency
#24I guess this is the smartest tax haven that went live.
I don't think in itself it has any tax benefits. In fact by itself it has few benefits at all: it doesn't confer any kind of residency, legal right to work or conduct business in Estonia, etc. What it does give you is a standardized ID and login system, which the Estonian government and major businesses (financial institutions, etc.) will be using in the future for identification and authentication. This will make it…
Yes indeed, there no direct tax benefits.
> But this system is making doing business from Estonia easier > Estonia is very business friendly country - low taxes compare to countries like France
So, it will be much more easier to move your business there and this is good for them.
Many business in France are fiscally in Luxembourg for tax reasons and on my opinion this new Estonia system is like having a second Luxembourg on the French border.
I hope those smart initiatives will help France (and some other heavy tax countries) to reform.
Moreover, reducing paper work is beneficial for any business.
Re: Estonian e-residency
#25Quite an elaborate tourist program: https://e-estonia.com/e-residents/apply-2/ 1. Fly to Estonia! ... 4. Wait for the results of your background check (max 14 days) Meanwhile, explore our untouched forests and free-Wifi boasting cafés in historical old towns.
Also an elaborate ploy to get everyone's fingerprints in their database.
And iris? Yikes. Disappointment in an otherwise fantastic program...
Re: Estonian e-residency
#26I live in Canada. Is there any advantage for me to establish a corporation in Estonia? Would my income be subject to both Canadian and Estonia taxes?
I believe profits and capital gains from foreign entities are taxable in Canada.
Not sure about the Estonian side: you might only pay corporate taxes, not personal.
Re: Estonian e-residency
#27Any word on where Estonia plans to go with all this in terms of citizenship/visa, taxation and so on?
Estonian here. The attitude towards the project over here is: "We have have a cool idea which can be easily implemented, so let's see try it out." In essence, no one really knows what might come out of it. As far as I know there has been 16000 sign ups so far of which 63% did it because they would be able to launch a company here. Currently Estonia has approximately 35 000 companies, so this could potentially become very profitable to the country if done right. Assuming the project will hold security-wise, of course.