3 ms·

I'm still unclear of the benefits. Could anyone shed some light: What can we do with it that we can't do now? Let's say that I'm a solo entrepreneur or small S

I'm still unclear of the benefits. Could anyone shed some light: What can we do with it that we can't do now? Let's say that I'm a solo entrepreneur or small SaaS owner from a developing country (e.g from Asia, Africa or LatAm) -- basically, typical HNer who's not from Europe/US.

ibn_ibid 9y ago
It is basically a way to make it easier for entrepreneurs to do business in the Eurozone and take advantage of Estonia's generous corporate tax structure. It's mostly a legal / financial device, you can't use it for travel or citizenship purposes.
- GordonS 9y ago
  Are there any real benefits for citizens of other European nations? For example, I run a small B2B company in the UK - would there be any benefits to incorporating in Estonia?
  - nordify 9y ago
    0% tax on retained earnings.
    - GordonS 9y ago
      OK, I can see how that would be a big draw for some companies. Doesn't help me personally though, since I take everything out.
gwbas1c 9y ago
From the article, the author is able to be on the board for an Estonian company and take payment in Euro as a consultant. He can also e-sign documents.
- thinkloop 9y ago
  > take payment in Euro as a consultant Isn't it relatively easy to open a Euro denominated account in most countries?
  - rihegher 9y ago
    For an individual it is, not so much for a company
    - cmadan 9y ago
      I don't know about other countries but in India it is fairly simple to open one for a company (they are called FCNR accounts). I don't see any government having issues with foreign income making its way to local businesses.
siruncledrew 9y ago
e-residents also have access to Estonia's "estcoin" once it's released: https://medium.com/e-residency-blog/were-planning-to-launch-estcoin-and-that-s-only-the-start-310aba7f3790 https://medium.com/e-residency-blog/were-planning-to-launch-...
- edwin01 9y ago
  I wish they would first translate all the necessary documents to run a business in Estonia to english, and after succeeding in that, then jump into creating new financial instrument for the new brave digital world.

ibn_ibid 9y ago

It is basically a way to make it easier for entrepreneurs to do business in the Eurozone and take advantage of Estonia's generous corporate tax structure. It's mostly a legal / financial device, you can't use it for travel or citizenship purposes.

GordonS 9y ago
Are there any real benefits for citizens of other European nations? For example, I run a small B2B company in the UK - would there be any benefits to incorporating in Estonia?
- nordify 9y ago
  0% tax on retained earnings.
  - GordonS 9y ago
    OK, I can see how that would be a big draw for some companies. Doesn't help me personally though, since I take everything out.

gwbas1c 9y ago

From the article, the author is able to be on the board for an Estonian company and take payment in Euro as a consultant. He can also e-sign documents.

thinkloop 9y ago
> take payment in Euro as a consultant Isn't it relatively easy to open a Euro denominated account in most countries?
- rihegher 9y ago
  For an individual it is, not so much for a company
  - cmadan 9y ago
    I don't know about other countries but in India it is fairly simple to open one for a company (they are called FCNR accounts). I don't see any government having issues with foreign income making its way to local businesses.

siruncledrew 9y ago

e-residents also have access to Estonia's "estcoin" once it's released: https://medium.com/e-residency-blog/were-planning-to-launch-estcoin-and-that-s-only-the-start-310aba7f3790 https://medium.com/e-residency-blog/were-planning-to-launch-...

edwin01 9y ago
I wish they would first translate all the necessary documents to run a business in Estonia to english, and after succeeding in that, then jump into creating new financial instrument for the new brave digital world.