in 2014, the country announced its decision to launch e-Residency services. If you do not have the opportunity to open a “physical” company in Estonia, but want to conduct your business within the EU, then this is one of the few options available to you. This option is especially relevant for people from Asia, South America, and the Middle East. So, let’s look more closely at what e-Residency in Estonia is.
Facts about e-Residency in Estonia
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As of November 2023, there are 107 609 e-Residents in Estonia
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28326 companies opened in Estonia by e-Residents
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7608 of them are in the IT sector
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1086 people applied for Estonian e-residency in October 2023.
Below you can see the list of countries whose nationals actively participate in Estonia’s e-Residency program.
From official page https://www.e-resident.gov.ee/dashboard
Ukraine and Poland in the e-Residency Estonia program
Until February 24, 2022, Ukraine ranked 3rd in the number of electronic residents in Estonia. With the outbreak of the war, Estonia stopped issuing resident cards to the 404 country and made conditions more comfortable for Ukrainians. This factor increased the number of Ukrainian Estonian e-Residents from 5130 at the beginning of 2022 to 6711 in November 2023. More than 2261 companies were registered under the program by Ukrainians.
As for Poland, this program is less popular among Polish entrepreneurs. As of November 2023, the number of participants was only 2,137, and the number of companies opened under the program was 624.
Advantages of Estonian e-Residency for non-residents
- Possibility to register a company in Estonia online.
- European registration for your business with all the tax benefits as for Estonian residents.
- No share capital payment is necessary.
- Remote online access to state institutions so you can make payments and submit all documents online, as well as obtain licenses.
- Possibility to do all bookkeeping online.
- Obtaining an electronic signature
Who can get e-Residency in Estonia?
Any citizen of another country who is at least 18 years old and can pay for the service (100-120 euros). Almost the whole procedure is done online — you still have to visit the Estonian embassy in your country to submit your biometric data. Otherwise, there are no restrictions for you.
What e-Residency program does not provide
Of course, e-Residency in Estonia has many advantages. But it is also important to understand what it does not provide:
- Citizenship;
- Residence permit (e-Residency is not an automatic residence permit in Estonia or the EU);
- Tax residency (you cannot avoid paying taxes in your country through it);
- ID card;
- Advantage in opening accounts in Estonian banks.
The process of applying for e-Residency
Prepare all necessary documents for the application, namely:
- A copy of your ID card;
- A digital photo;
- Letter of motivation;
- Visa or Mastercard details.
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Pay the state application fee of 100-120 euros (depending on where you receive it).
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Within 1-1.5 weeks, expect a response to your application at the indicated postal address
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After receiving the confirmation, you can collect your e-Residency kit at the previously stated place.
Estonian e-Residency with Finevolution
Important! You must pay a state fee of 120 EUR when applying. After receiving a positive response, you will be able to receive an electronic resident card at the Estonian consulate in your country of residence. By the end of 2023, Estonia will refund the paid fee to Ukrainians.
Company registration in Estonia with e-Residency
After obtaining the status of an Estonian e-Resident, you can start registering a company in Estonia. You must provide a contact person and a virtual office to do this. The presence of both factors is mandatory when registering a company in Estonia with e-Residency!
It takes approximately 1 week to register a company with e-Residency. Additionally, it takes 1 week for the company to open a bank account. VAT registration and accounting support are not included in the company registration package.
Finevolution and e-Residency Estonia
Recorded online meeting with a representative of the e-Residency Estonia program
Our working hours are 9:00-19:00 from Monday to Friday. Send a request through the form below or a message on Telegram/Viber, Whatsapp for consultations.
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Company registration in Switzerland
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Company registration in Hong Kong
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Company registration in the USA
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Company registration in Lithuania
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Сompany registration in Germany
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Company registration in Hungary
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Company registration in Spain
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Company registration in Slovakia
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Company registration in Estonia
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Company registration in Cyprus
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Company registration in Ireland
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Company registration in UK
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Company registration in Wyoming
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Company registration in Delaware
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Company registration in Poland
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Company registration in Portugal
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Company registration in Romania
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Company registration in Czech Republic
