e-Residency

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.

e-Residents can:

– Digitally sign documents and contracts

– Verify the authenticity of signed documents

– Encrypt and transmit documents securely

– Establish an Estonian company online within a day. At the moment a physical address in Estonia is required, which may be obtained using an external service provider.

– Administer the company from anywhere in the world.

– Conduct e-banking and remote money transfers. Establishing an Estonian bank account currently requires one in-person meeting at the bank, and is at the sole discretion of our banking partners.

– 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

e-Resident id-card

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. 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 for authorization, PIN2 is a minimum 5-digit number for digital signature.

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.

source: e-estonia.com