After the coronavirus pandemic, working from home has become the new normal for most of us. Therefore, European country Estonia is now offering e-residency to professionals, irrespective of where they are physically based. Now, people who want to set up a business in the European Union (EU) remotely can apply for an e-residency in Estonia. The Baltic European Union country, Estonia, located in northern Europe, is the first country ever to offer this kind of residency. Read on!
Estonia In Europe Is The First Country To Offer E-Residency
The cost of application for e-residency in Estonia is just €100, which is equivalent to ₹8,620. It will assist you in setting up an Estonian business which doesn’t require a physical infrastructure in any part of the world. After the e-residency is granted to you, you will get a unique digital ID. With this ID, you can sign contracts, receive payments or file taxes to Estonia. Also, all these activities will be digitally encrypted. The best part is, you do not essentially need to appoint any Estonian director or employee for your business.
The e-residency concept will be extremely helpful for freelancers or people who are aiming to set up new startups. The nation will be issuing around 1800 e-residency permits each year. Meanwhile, read about this guy who travelled to 10 countries and 18 cities in Europe in 26 days .n ₹2.5 lakhs.
How To Apply For An Estonian E-Residency?
The steps to apply for an e-residency in Estonia are as follows:
1. Visit the website of Estonian Police and Border Guard Board.
2. Provide details like contact information, immigration information, earlier citizenship, etc.
3. Upload your resume.
4. In the Business Activity section, add your business details.
5. You also need to explain your reason for application.
If your application is approved, the authorities will mail an e-residency kit to your nearest Estonian embassy. The kit will consist of an e-residency card, a USB-enabled ID card reader and an envelope with the required PIN numbers. Also, you can now obtain a Dubai residency visa in just 30 minutes.
If you want to become an EU e-resident, you can apply here. Meanwhile, these six countries will pay you to holiday there post COVID-19: