E-Residency is a concept introduced by the government of Estonia in 2014 that offers a digital identity for non-residents to access Estonia’s business environment including such online services as company formation, business permits, and taxation. This revolutionary initiative has opened up new avenues for entrepreneurship, enabling individuals to access the European Union’s market without physically relocating. There have been more than 106 000 Estonian e-resident applications from 170+ countries.
We warmly welcome you to participate in our free webinar on Tuesday, 7 May 2024, at 15.00 EEST. During this webinar, our Managing Director, Ivar Veskioja, will share invaluable information, tips, and advice on e-Residency and the Estonian business environment. Additionally, we’ll be joined by our tax expert, who will answer your more specific questions regarding accounting and taxes in Estonia.
Sign up for the webinar before 5 May here, and remember to submit your questions in this form so they can be answered during the Q&A.
What is Estonian e-Residency
Estonian e-Residency is a digital identity issued to eligible non-residents. The main benefit of having an e-resident status is that it makes managing your Estonian limited company super easy. Thanks to e-Residency, entrepreneurs can access the EU market to boost European expansion and growth opportunities. Estonia is known for its advanced digital infrastructure that helps you conduct business digitally from anywhere in the world. You can easily add digital signatures and do accounting and tax while sipping wine in Bali. Estonia also has a competitive tax system with zero per cent annual corporate income tax as long as you reinvest your profit in the company.
To start the e-Residency application process, you must complete an online application and attach a photo, passport scan and explanation about why you wish to apply for e-Residency in Estonia. The application state fee is €100-€120, depending on the card pickup location. You can read more from our blog post “How I Became an Estonian e-resident”
After submission, there is a 4-6 week waiting time while your background check is performed and the card is printed. You can then pick up your e-resident digital ID card in Estonia and from Estonian embassies worldwide that work as pick-up locations. Please remember that the e-residency card does not grant you any travel or residency rights, including citizenship, tax residency, a residence permit, or the right of entry into Estonia or other European countries.
What will we cover in the webinar?
We’ll kick of the webinar with a quick introduction about e-Residency benefits, requirements, application process and related fees. Then we touch on Unicount services, explaining how limited company formation works in Estonia, how the process goes and how much it will cost to have a company in Estonia. Virtual office and contact person services are something we explain more in detail focusing on the nuances of the current law.
In the accounting and tax section, we examine the local and international legal requirements for operating a remote company through e-residency. You will learn the important filing and payment dates for taxes and different options for managing your compliance in Estonia.
Sneak peek into the Q&A
Some of the questions we are planning to cover in the Q&A session at the end of the webinar:
- How do you pay dividends from an Estonian company?
- What documents do you need to prepare throughout the year to provide to your accountants for filing the annual accounts?
- Where and how much do I pay tax for dividends when I, as a company owner, reside in another country outside Estonia?
- As an e-resident and perpetual traveller with “no tax residency,” am I obligated to inform the Estonian tax office when withdrawing my own salaries and dividends?
- Can company funds be lent out at a market interest rate to the company director or the company without being treated as dividends?
Join our webinar!
We hope you enjoyed the article and join our webinar for more information on May 7th 15:00 EEST. We look forward to answering your questions!
