Estonia’s e-Residency Program to Expand in 20 More Countries Worldwide

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https://www.citiesabc.com/estonia-launched-first-digital-nomad-visa-eu/

The e-Residency program, which is currently used in Estonia, will soon be expanded in 20 different countries worldwide, Estonia’s government has announced through a statement.

The expansion of e-Resident digital ID cards comes after the agreement reached between Estonia’s Ministry of the Interior, the Police and Border Guard Board, together with BLS International Services Limited, SchengenVisaInfo.com reports.

South Africa, Brazil, Singapore, Thailand and Japan will be among the first countries in which such a program will be applied.

“The aim of concluding the agreement is to increase the availability of e-Residency in different parts of the world. Earlier last year, the program expanded to the United States and Japan,” the Head of the Citizenship and Migration Policy Department at the Ministry of the Interior, Ruth Annus pointed out.

 




He also noted that e-Residents would soon receive digital IDs in world capitals such as Johannesburg, Singapore, São Paulo and Bangkok.

Annus stressed that the e-Residency program will have a beneficial effect on the economic sector, and would bring significant income to the state treasury. According to him, this program would also help to create jobs for Estonian people.

“Companies created by e-Residents will revive entrepreneurship and create jobs for Estonian people, which is especially important considering the current economic situation. In the coronary and post-coronary worlds, e-Residency is likely to be a beacon to the rest of the world to prove that the economy can be restarted and boosted without the obligation to travel internationally,” the Head of the Citizenship and Migration Policy Department at the Ministry of the Interior pointed out.

Estonia launched its e-Residency program on December 1, 2014, becoming the first country to offer this kind of service.

 




The e-Residency program allows non-Estonian access to different services of Estonia such as banking, company formation, processing, payment as well as taxation.

According to the statistics published by Estonia’s government agency, Statistic Estonia, the e-Residency program, e-Residents worldwide have generated more than €1 billion of economic activity through Estonian companies.

The figures show that the e-Resident population has marked an increase of more than 68,000 people worldwide, who have established about 13,000 new Estonian companies.

Statistic Estonia’s figures revealed that during last year up to €35 million had been paid by e-Residents, in Estonia, in forms of state fees or taxes. Last year alone, more than €15 million were paid by e-Residents, which marks a 12-increase compared to the previous year.

Back in August, authorities in Estonia announced that internationals who are breaking the country’s law or those who pose a threat to the public, will not be allowed to be part of the e-Residency program of Estonia. The announcement was made by the country’s Ministry of Interior, through a statement.


 

Credit: Schengen Visa Info

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