2 ms·

Estonian e-residency lets you create an Estonian company. It’s useful to some people to be able to create a company not tied to a particular location. For exam

Estonian e-residency lets you create an Estonian company. It’s useful to some people to be able to create a company not tied to a particular location. For example, UK citizens generally can’t operate a UK company if they are not resident in the UK. So, if you’re a digital nomad type, you’re scratching around to find a jurisdiction where you can run your company and moving around. There are a few options. But Estonia is in the EU, the tax situation seems reasonable and they are positively welcoming. So, this is one problem that was solved. I guess they could have just made it easier to start companies, without the e-residency. But being tied into the same ID system seems to make managing the company easier.

jaclaz 9y ago
Any source? I thought that it is years since you can have an UK "business" address and incorporate a company remotely (example): https://www.rapidformations.co.uk/blog/can-a-non-uk-resident-form-a-uk-limited-company/ https://www.rapidformations.co.uk/blog/can-a-non-uk-resident... Needed papers may be much more than what is needed for Estonia, and most probably taxes/fees will be higher, so that Estonia may be a cheaper solution, but it is not like it is a "brand new concept" unavailable before.
- comstock 9y ago
  You appear to be correct as far as I can tell. From what I’ve heard the tax situation is a pain, I believe the company becomes non-tax resident. At least that’s what the accountant I talked to told me. Having zero corporation tax on non-distributed fund in Estonia also seems nice.
herbst 9y ago
In fact you still need to go to Estonia for your Bank account and the process takes several weeks. You can open a UK company within minutes from everywhere, the yearly paid address costing less than the e-residency card, and some even manage to get a bank account without going there. I wouldnt say UK is much harder. Disclaimer: I am this nomad type, and i went with UK
- comstock 9y ago
  You can open a transferwise account without going to Estonia. Opening a UK company is easy, taxation seems not so easy. How do you handle taxation, what advise were you given? Accountant of my UK company basically suggested I close down my company when I became non-resident, but that might just be because they didn’t know how to handle international business.

jaclaz 9y ago

Any source? I thought that it is years since you can have an UK "business" address and incorporate a company remotely (example): https://www.rapidformations.co.uk/blog/can-a-non-uk-resident-form-a-uk-limited-company/ https://www.rapidformations.co.uk/blog/can-a-non-uk-resident... Needed papers may be much more than what is needed for Estonia, and most probably taxes/fees will be higher, so that Estonia may be a cheaper solution, but it is not like it is a "brand new concept" unavailable before.

comstock 9y ago
You appear to be correct as far as I can tell. From what I’ve heard the tax situation is a pain, I believe the company becomes non-tax resident. At least that’s what the accountant I talked to told me. Having zero corporation tax on non-distributed fund in Estonia also seems nice.

herbst 9y ago

In fact you still need to go to Estonia for your Bank account and the process takes several weeks. You can open a UK company within minutes from everywhere, the yearly paid address costing less than the e-residency card, and some even manage to get a bank account without going there. I wouldnt say UK is much harder. Disclaimer: I am this nomad type, and i went with UK

comstock 9y ago
You can open a transferwise account without going to Estonia. Opening a UK company is easy, taxation seems not so easy. How do you handle taxation, what advise were you given? Accountant of my UK company basically suggested I close down my company when I became non-resident, but that might just be because they didn’t know how to handle international business.