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Estonia is trying to make this possible with their e-Estonia initiative https://e-estonia.com/component/e-business-register/ https://e-estonia.com/component/e-b

Estonia is trying to make this possible with their e-Estonia initiative https://e-estonia.com/component/e-business-register/ https://e-estonia.com/component/e-business-register/

charlesdm 12y ago
I've heard good things about Estonia as well. Don't forget, merely incorporating a company in a different jurisdiction will NOT mean it is resident there. Establishing companies in different jurisdictions can be a viable way to run (internet) businesses, but care needs to be taken in various areas. If you have limited understanding about business and international structuring, go with a South Korean company. If you want to use a foreign company, you will probably need to register it in SK regardless. Especially if you're the sole director/shareholder and running it from SK. 'Offshore' havens often serve very specific purposes, i.e. holding of assets or stakes in companies, as a tax neutral special purpose vehicle to easily structure a joint venture, etc If you take the foreign route, talk to a (South Korean tax) lawyer! That way, you can get it set up properly. You might get pummeled with fines otherwise.
xrd 12y ago
Looks like you need an id card, and it looks like this is something issued to Estonians. If the question is whether anyone (not just Estonians) can easily and quickly setup a company there, the answer looks to be no.
- jreimers 12y ago
  You can become an "e-Resident" and receive an ID card. I believe this requires you to travel to Estonia once to get the card, however they are working on rolling this out to their embassies in other countries.
skrebbel 12y ago
The way it was explained to me is that you need to physically travel to Estonia once, to become an Estonian e-resident. From then on, you can deal with the Estonian government exclusively via the internet. You get access to a very large amount of the services they provide to their real citizens. Not all, of course, but starting a business is on the list.
- mb_72 12y ago
  Currently, yes, you need to travel to Estonia: https://e-estonia.com/e-residents/apply-2/ https://e-estonia.com/e-residents/apply-2/ ... but from mid-year it should be possible to become an e-resident via an application to an Estonian consulate without needing to travel to Estonia itself.

Estonia is trying to make this possible with their e-Estonia initiative https://e-estonia.com/component/e-business-register/ https://e-estonia.com/component/e-business-register/

charlesdm 12y ago

I've heard good things about Estonia as well. Don't forget, merely incorporating a company in a different jurisdiction will NOT mean it is resident there. Establishing companies in different jurisdictions can be a viable way to run (internet) businesses, but care needs to be taken in various areas. If you have limited understanding about business and international structuring, go with a South Korean company. If you want to use a foreign company, you will probably need to register it in SK regardless. Especially if you're the sole director/shareholder and running it from SK. 'Offshore' havens often serve very specific purposes, i.e. holding of assets or stakes in companies, as a tax neutral special purpose vehicle to easily structure a joint venture, etc If you take the foreign route, talk to a (South Korean tax) lawyer! That way, you can get it set up properly. You might get pummeled with fines otherwise.

xrd 12y ago

Looks like you need an id card, and it looks like this is something issued to Estonians. If the question is whether anyone (not just Estonians) can easily and quickly setup a company there, the answer looks to be no.

jreimers 12y ago
You can become an "e-Resident" and receive an ID card. I believe this requires you to travel to Estonia once to get the card, however they are working on rolling this out to their embassies in other countries.

skrebbel 12y ago

The way it was explained to me is that you need to physically travel to Estonia once, to become an Estonian e-resident. From then on, you can deal with the Estonian government exclusively via the internet. You get access to a very large amount of the services they provide to their real citizens. Not all, of course, but starting a business is on the list.

mb_72 12y ago
Currently, yes, you need to travel to Estonia: https://e-estonia.com/e-residents/apply-2/ https://e-estonia.com/e-residents/apply-2/ ... but from mid-year it should be possible to become an e-resident via an application to an Estonian consulate without needing to travel to Estonia itself.