Estonia is running its country like a tech company
1–10 of 203 posts
Re: Estonia is running its country like a tech company
#2We have recently registered a company in Estonia. The process was very smooth and easy. All hail Estonia, the small county that could!
(Opening a business bank account is a lot of pain, so there is still room for improvement)
Re: Estonia is running its country like a tech company
#3Hopefully, many countries will follow.
Re: Estonia is running its country like a tech company
#4I've run and invested in businesses in multiple countries (Spain, Germany, US, UAE, Sri Lanka). One of them (Mobile Jazz - a fully remote company) we've moved to Estonia in 2016. One of the best business decisions we've made admin-wise. While there are for sure better alternatives when it comes to "saving on taxes" (I'd say Estonia is in the European average with 20% corporate tax and an interesting taxation model on capital distribution), it is definitely a huge improvement when it comes to dealing with authorities compared to virtually elsewhere in the world, based on what I've experienced myself of heard from others. Estonian people speak really good English. Typically things just work as they should and it something doesn't, they're super fast in responding and very eager to solve the problem for you. While I don't have visibility on everything that happens in the country, in terms of how they handle their bureaucracy, they're certainly a role model for other countries.
Re: Estonia is running its country like a tech company
#5We have recently registered a company in Estonia. The process was very smooth and easy. All hail Estonia, the small county that could! (Opening a business bank account is a lot of pain, so there is still room for improvement)
We have a business bank account with LHV. For us it was as easy as making an appointment, quickly flying there and walking into their main office in Tallinn. After ~30 minutes everything was set up.
That was 3 years ago, though. Maybe things have changed?
Re: Estonia is running its country like a tech company
#6Hopefully, many countries will follow.
I doubt it...doing things the old fashion way by paper makes it too easy to get away with things.
Re: Estonia is running its country like a tech company
#7We have recently registered a company in Estonia. The process was very smooth and easy. All hail Estonia, the small county that could! (Opening a business bank account is a lot of pain, so there is still room for improvement)
We have a business bank account with LHV. For us it was as easy as making an appointment, quickly flying there and walking into their main office in Tallinn. After ~30 minutes everything was set up. That was 3 years ago, though. Maybe things have changed?
Opening bank accounts is more difficult even for locals.
Money laundering scandals with Danske Bank and Swedbank have made it more complicated.
But I guess it is still easier than in other countries.
Re: Estonia is running its country like a tech company
#8We have recently registered a company in Estonia. The process was very smooth and easy. All hail Estonia, the small county that could! (Opening a business bank account is a lot of pain, so there is still room for improvement)
We have a business bank account with LHV. For us it was as easy as making an appointment, quickly flying there and walking into their main office in Tallinn. After ~30 minutes everything was set up. That was 3 years ago, though. Maybe things have changed?
Were you introduced to the bank by an agent or did you go directly to the bank?
Re: Estonia is running its country like a tech company
#9I find more intriguing/interesting than the whole actual Estonian e-id/whatever technological achievements, that the President of a country writes an article (of course not very critical on the way the governement administration is managed) on qz.com.
Re: Estonia is running its country like a tech company
#10Hopefully, many countries will follow.
I doubt it...doing things the old fashion way by paper makes it too easy to get away with things.
But at the same time having everything digital gives much more control on everyone to a State (if the laws permit it to do so... or maybe even if they don't)