How to become an e-citizen in Estonia?

[diablo]

I ave read a lot about this particualr topic here on the forum as well as on several other portals.

The latest I found and that explain it very well is this one Here’s how you can create an EU company with EU banking (anywhere on Earth) it seems to be a very simple process actually.

I was wondering why do people not use this opportunity rather than go offshore or move to a different country for tax reasons?

 

[negon]

Did you read this??

who won’t benefit from starting a company through e-Residency:

People who want to avoid paying tax. E-Residency does not override existing international tax rules so all entrepreneurs must fairly pay their taxes where they are owed.

 

[diablo]

Ohh I see, thank you for the speedy reply. But why would I want to do this then?

 

[Milky Moon]

You do not want e-residency, as you still have to go to Estonia to open your bank account in-person. (Which basically defeats the purpose of the whole idea).

 

[smartchoice]

Milky Moon -Just because you can open a bank account online (yet), it's not real impediment ... you can open a HOLVI business account and still can run the company without problems. You need to dig out when it's a problem- always you can find a solution.

Diablo- In the economic situation worldwide when in January 2018 -''the tax-free terms ''it's almost gone... I think Estonia have all the asset to run a business.

• You can liquidate a company online without paying liquidator
• The cost to run the company for 1 year it's 1000 £ if you run with a professional accounting provider - or less
• You don't need any contract for a secretary
• There is no tax audit and the threshold for an audit is really high.
• You can declare all the tax online with the E-residency card (Dividends, Royalties) yourself with no 3rd party involved
• You can declare the annual financial statements yourself thanks to the E-residency card.
• You don't need to sign any power of Attorney.
• Tax residency certificate
  
• Very good reputation - the company it's in EU
• Required share capital 2500 Euro ( payment can be postponed up to 1 year) so I can open with only 1 Euro...
• Multiple online card processing option (payment gateways) like paypal, braintree, everypay, paymentwall , etc
• the tax rate on dividends 20% or 0 (zero) if you don't pay dividends
• and so on.....

Of course, that are some disadvantages as well. , but everybody needs to research what they want to achieve by open a company in Estonia.