Mittwoch, 19.12.2018 02:28 Uhr

E-Residency: a new digital nation

Verantwortlicher Autor: Carlo Marino Rome , 02.12.2018, 11:49 Uhr
Presse-Ressort von: Dr. Carlo Marino Bericht 3131x gelesen

Rome [ENA] E-Residency is a new digital nation for global citizens, powered by the Republic of Estonia. Four years ago , the e-Residency programme was officially launched by Estonia when journalist Edward Lucas was handed an e-Residency digital ID card by then Estonian President Toomas Hendrik Ilves. Estonia became the first country to offer e-Residency by enabling anyone to apply for an Estonian government-backed digital ID

card by then Estonian President Toomas Hendrik Ilves. Estonia became the first country to offer e-Residency by enabling anyone to apply for an Estonian government-backed digital ID card, which provides access to e-services. Estonia’s e-residents have grown since then to more than 50,000 people from 157 countries who have set up around 6,000 new companies through the programme. Approximately half that growth took place in 2018.

Estonia is a digital society and e-Residency is how the Estonian state engages with people beyond its borders. There will always be people outside Estonia, such as foreign investors, who will need an Estonian digital ID card in order to interact with the country. It makes their life easier and provides Estonia with increased efficiency and oversight. Estonian President Kersti Kaljulaid is unveiling the whitepaper for e-Residency 2.0 before the end of the year to set out proposals for how Estonians and e-residents can be given even more possibilities to benefit from the programme.

Estonia’s Parliament is also debating legislation (currently in its final reading) that would eliminate the requirement to use an Estonian bank when registering share capital from the start of next year. An economic analysis by Deloitte last year estimated that e-residents have contributed €14.4 million for Estonia’s state and economy so far and are projected to contribute €1.84 billion by 2025 based on the forecasted growth of the e-resident population. This comes from e-residents paying direct taxation in Estonia, conducting business with other Estonian companies, investing in Estonia or simply travelling there for a mix of business and pleasure.

Estonia has never been a tax haven, but it does benefit fairly by being an administrative haven.E-residents operate digitally in Estonian business environment so the state has a duty to ensure everything they do digitally inside the country complies with the law, just as it does for citizens and residents.Estonian Embassies then identify the individual in person and collect their bio-metric data when providing their digital ID cards. After that, it is the private sector’s responsibility to manage their own risks when choosing customers, but government agencies continuously work with the police to ensure e-residents are complying with all the rules.

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