Estonia is a rather small EU nation with 1.3 million people, situated right next to Finland. Geographically, it is larger than Denmark, Switzerland or even the Netherlands.
So, you can imagine that in a large country, this small population is quite sparsely distributed and there are islands where maybe only 15 people live! This created a challenge, yet an opportunity for the government to provide public services to all citizens which led to an e-governance revolution in Estonia in late 90s. Fast forward to 2019, today Estonia has one of the most advanced e-governance platforms in the world with over 5’000 e-services which citizens can access at the click of a button ranging from e-police, e-law to e-health, e-prescription and of course even e-tax and e-business registry.
“Did You Know?” Estonia is the only country in the world where people can even vote over the internet. Tech in general really has been Estonia’s forte – Skype is an Estonian invention too and TransferWise – one of the fastest growing fintech companies in the world too hails from Estonia – and an excellent business banking option with your Estonian company but more on that later![/su_box]
In 2014, a few visionaries in the public and private sector got together and wondered that if Estonian citizens and residents could so easily access public services electronically from anywhere in the world then why could they not extend at least a section of these e-services to foreign businesses operating in Estonia to access the EU single market.
This gave birth to the Estonian e-Residency program in late 2014, through which the government issues a digital-identity card, using which an e-resident who can be a national of any foreign country, can access close 1’500 e-services to establish and manage their business entirely online –digitally sign documents & contracts, conduct board decisions, declare taxes in Estonia, access virtual accounting services – all at the click of a button from anywhere in the world.
To be successful and provide easy company establishment and management services like virtual accounting, virtual office, etc. the government decided to create a highly collaborative public-private partnership (PPP) model.
CoWorking Days community members receive a 5% discount on all services from the largest e-Residency service providers – 1Office send us a message to receive your Discount Count.