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No, it definitely does not mean that. This e-residency thing cyclically pops up to generate attention, but it's unmitigatedly and unconditionally a bad idea un
by gyulai 4y ago
No, it definitely does not mean that. This e-residency thing cyclically pops up to generate attention, but it's unmitigatedly and unconditionally a bad idea unless you're a lawyer who is extremely well-versed in what they're doing and who is probably doing some dirt somehow.
Most jurisdictions in most areas of the law have very successfully ensured that you can't evade their laws by just doing some paperwork to get some flag of convenience.
Estonian e-residency amounts to a piece of paperwork by which you voluntarily put yourself under Estonian jurisdiction for certain things.
However, the difficult piece is never putting yourself under a jurisdiction that you like. The difficult piece is getting yourself out of a jurisdiction that you don't like but that your business happens to be connected to somehow through real-life circumstances.
If you don't manage the latter, all you've done is to create unnecessary complication. Even if Estonian e-residency is super thin in admin overhead, it just amount to admin overhead you wouldn't otherwise have had at all, plus complicating the admin overhead you are facing in your home jurisdiction.