Due to increased demand, there have been recent changes to the way e-residents can open a bank account for their business in Estonia. Please visit the services and benefits page for more information.
What is e-Residency?
"e-Residency offers to every world citizen a government-issued digital identity and the opportunity to run a trusted company online, unleashing the world’s entrepreneurial potential."
The Republic of Estonia is the first country to offer e-Residency — a transnational digital identity available to anyone in the world interested in administering a location-independent business online. e-Residency additionally enables secure and convenient digital services that facilitate credibility and trust online.
- Digitally sign documents and contracts
- Verify the authenticity of signed documents
- Encrypt and transmit documents securely
- Establish an Estonian company online. A physical address in Estonia is required to establish an Estonian company. An Estonian address may be obtained via an external service provider.
- Administer the company from anywhere in the world.
- Conduct e-banking and remote money transfers. E-residents are not guaranteed bank accounts and may establish them only at the sole discretion of our banking partners after an in-person meeting. We highly recommend you contact a business service provider to facilitate this process. Please do not book travel to Estonia with the purpose of opening a bank account without first consulting a business service provider.
- Access online payment service providers
- Declare Estonian taxes online. e-Residency does not automatically establish tax residency. To learn about taxation and to avoid double taxation please consult a tax professional.
All of these (and more) efficient and easy-to-use services have been available to Estonians for over a decade. By offering e-Residents the same services, Estonia is proudly pioneering the idea of a country without borders.
e-Residents receive a smart ID card which provides:
- digital identification and authentication to secure services
- digital signing of documents
- digital verification of document authenticity
- document encryption
Digital signatures and authentication are legally equivalent to handwritten signatures and face-to-face identification in Estonia and between partners upon agreement anywhere around the world. Recent changes in EU law mean that within the next few years Estonian e-residents will be able to easily identify themselves, access online services, and conduct business across Europe. The e-Resident ID card and services are built on state-of-the-art technological solutions, including 2048-bit public key encryption. The smart ID card contains a microchip with two security certificates: one for authentication, called PIN1, and another for digital signing, called PIN2. PIN1 is a minimum 4-digit number used for authorization, and PIN2 is a minimum 5-digit number for digital signing.
e-Residency does not confer citizenship, tax residency, residence or right of entry to Estonia or to the European Union. The e-Resident smart ID card is not a physical identification or a travel document, and does not display a photo.
Kaspar Korjus, e-Residency Programme Manager:
„We deeply appreciate the vast amount of positive feedback we have received so far – it is an exciting journey to embark on and we are eager to see where it will lead. Since we are still in early beta, there are some challenges to overcome. We have added a Help box (below right), and we encourage you to help us improve the experience on any of the services.“
We encourage you to apply for e-Residency!
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Statistics about e-Residency: https://goo.gl/O5cQwI