”e-Residency”. Pretty cool, huh? So, let’s talk a little more about that!
Estonia e-residency is one of the popular concepts in recent years. The Estonian government provides Estonian ID cards to those interested. These people are generally company owners or those working for Estonia-based companies. Thanks to the smart ID card provided with the e-residency, you can enjoy digital authorization and identification.
For example, as an American living in Scotland, you can start a business in Estonia and run it from Germany to serve your customers in Qatar. In short, Estonian e-residency allows you to start a business in Estonia without the need for visiting the country.
You can carry out all the operations with the smart ID card provided for you and sign contracts with your customers unless they are living in the European Union. You will never have to be physically available in Estonia to carry out your operations.
Thus, all the procedures are carried out remotely, online, and without any difficulty.
What Is Estonia e-Residency for?
The main goal of the e-residency is to provide convenience to freelancers, entrepreneurs, digital nomads, international partners, or anyone who is not living in Estonia but somehow has business connections.
The Estonian e-residency program also provides many opportunities across the European Union. For example, if you would like to start your own business, grow your business, study, or make new investments, this residency will be quite beneficial for you.
Advantages of Estonia e-Residency
The first and most important advantage of Estonia e-residency is it allows you to start and run your company in Estonia. With the provided ID card, you can also open accounts and make electronic transfers no matter where you are in the world.
You can also access international payment services such as Google Pay or PayPal. Moreover, you can digitally sign the business documents such as contracts and annual reports. You can also pay your taxes online with your e-residency.
How to Apply for an e-Residency?
It is quite easy to apply for the Estonia e-residency program. All you need to do is fill out the online application form. After that, the Estonian government will carry out a background check for your application and yourself.
You need to upload your photos to complete your application. In the application, you also need to describe your purpose for applying. Moreover, you need to pay the €120 fee to continue your application.
If you pass this check, you are going to choose the place you are going to get your digital ID card. Currently, you can get your digital ID card from 38 Estonian embassies and consulates in the world. You can get it from any Estonian Police and Border Guard Stations too.
On average, the background check takes about ten business days, and you can view the status of your application online.
The card can only be collected by the holder once it arrives in the location you prefer. Keep in mind that you will be asked to show your ID. While picking up your card, you also need to submit your fingerprints.
Submitting your application to receiving your ID card usually takes about two to four weeks. This largely depends on the area you would like to pick up your card and the number of current applications.