About e-Residency & Digital Identity in media
It's fascinating to see how the global media and thought leaders are perceiving the topic of e-Residency but really the whole Digital Identity topic. Let's bring out interesting articles, new perspectives and discussions regarding the topic from the global media, blogs and social networks.
Jonathan Mark Southurst
Here is one I wrote back in December too:
https://medium.com/@southtopia/estonian-e-residency-bitnation-and-the-jurisdictional-buffet-d3c66748c996#.d70x9epdslast edited by
Great analyse Jonathan! Although I doubt there'd be other governments any time soon to join Estonia - the whole thing currently just seems too irrational - how would politicians sell it to other politicians or their voters? There is no proved return on investment and case studies. If with other e-systems you can say - this e-(police; health system or other) saves us 50 million dollars a year it is an argument. E-residency on the other hand doesn't. I think other countries will start to join if Estonia makes it - if we get it right and we will have some kind of return on investment, some proof. But then of course they might be too late.
Estonia just has a long history of building e-services with a reasonable budget (Norway spent 10 times more money on their e-health than Estonia for the whole x-road and eventually still scrapped it) for the people and people are used to the "crazy ideas". In here, being the first in the world is a good enough argument to proceed with some crazy government startups
My team also wrote about E-resident.
We wrote a tutorial for our paid members, teaching them how to register e-resident.last edited by
To hell with circumstances; I create opportunities.
In my latest blog post I wrote about why we are living in a very transformative time and also mentioned e-residency as being part of the game-changing trend. Check it out and let me know what you think: https://medium.com/mobile-innovation/6-reasons-why-we-re-on-the-beginning-of-history-fc34161a2f2#.e6e4j3f4y
Can total world peace be our inevitable future?
Interesting/good point from Harvard Business Review:
"...the country with the fastest rate of digital development in the past, and the steepest trajectory for future digitalization, is Singapore. But, as the Singaporean government is slowly realizing, correlation does not mean causation, and digitalization does not mean growth."
Lynwood Sewell Bell
I just read your appeal Erik as well as Jon Southurst's earlier piece. All excellent points! As I think you both know ... I am focused more on the Digital Identity topic. Notwithstanding extreme interest everywhere with anonymity and privacy ... digital Identity and due diligence are of more importance to me ... and I am sure ithose two factors also are important to everyone seeking trusted partners. There will always be tug-a-wars between the two. E-residency has made a big difference on the identity side for which we should all be very grateful. Onward, Lyn
Great overview of the digital identity sphere by @Kaspar-Triebstok:
How to solve the digital identity and bring privacy to a whole new level?
Edward Lucas on Brexit: Estonian e-residency has never been more useful
Brexit is imminent. Companies and people are all wondering what it will all mean. At this point, there are a lot of unanswered questions, but one thing is certain: the Estonian e-residency will grant anyone in United Kingdom the option to do business in the European Union.
The e-residency program has many benefits, but the biggest of all for Brits is the fact that the e-residency program allows your business to maximize the benefits of the European Union Single Market’s harmonized rules.
Among other possibilities, e-residents can:
- Establish an Estonian company online within a day;
- Administer the company from anywhere in the world;
- Conduct e-banking and remote money transfers;
- Have access to international payment service providers;
- Digitally sign and transmit documents and contracts;
- Manage accounting records and declare Estonian taxes online.
Signing up is easy. All you need to do is apply for e-residency online and collect your smart ID-card at the Estonian embassy in London. After that, you need to contact a virtual office service provider to obtain a registered address in Estonia. That done, you have to establish your company online using the company registration portal. Lastly, you need to open an Estonian bank account to access financial services. More info can be found on www.howtostayin.eu.
All this combined means that you can manage your business from the United Kingdom, even after it leaving the European Union, as if you were still in a European Union member state. In addition to this, the e-residency program grants you access to unique e-government features that you can hardly find in any other country, like declaring your taxes online with just a few clicks.
The first Estonian e-resident, renowned journalist at The Economist Edward Lucas has said that the Estonian e-residency has never been more useful for Brits worrying about their ability to do business in Europe post-Brexit.
It appears that many Brits are already taking advantage of this unique opportunity. According to Kaspar Korjus, managing partner of the e-residency project, the number of United Kingdom residents applying for the program has increased by a factor of 10. According to Yahoo Finance, in the week after the referendum, there were 70 applications from the United Kingdom. Fintech executives and firms are particularly keen because they want a European Union entity for passports and the euro to avoid currency fluctuations.
Korjus believes that the interest in the e-residency initiative will grow over time, though it is worth noting that there already are nearly 12 000 e-residents, of whom about five percent are from the United Kingdom. You can view detailed statistics on the e-residency initiative here.
Why Estonia over Ireland?
It’s well known that Ireland has long lured international companies to their soil, with promises of low corporate taxes. In addition, companies from the United Kingdom might be tempted to move their businesses there for the simple reason, that the language spoken there is English, too.
However, Korjus points out that the Estonian e-residency program offers many benefits that Ireland cannot match. „Our main advantage is that the entrepreneur can, when using e-residency, live wherever he desires as the administration of the company takes place through digital identity, using the ID-card. Also, Estonia’s tax system is very transparent. Our corporate tax rate is 20 percent and it’s only paid when the profit is distributed, so you don’t have to pay taxes on reinvested profits,” Korjus said to ZDNet.
It’s important to note that the e-residency program is not a way to dodge taxpaying. E-residents and companies are expected to pay tax on earnings in the countries where they are generated, and the Estonian government is committed to sharing all the necessary details with the tax authorities of the countries affected, as reported by Quartz.
12 Hacks Digital Nomads Need to Know
Digital nomads make life look easy. They’re able to travel the world while running their own businesses with little more than a laptop and phone.
Think you can do that too? Well, you can if you have the right tools.
Here are eleven of the smartest solutions used by digital nomads to set up and run their location-independent businesses.
Hack 1: Acquire digital residency to become location independent
Digital nomads don’t need or want a fixed residence in any one place. That can make life tricky, especially when it comes to personal and business administration.
Where do you register your business? Where do you open a bank account? What currency do you trade in? How do you get paid? What legal framework will you use? How do you pay taxes?
Well, the small northern European nation of Estonia has a novel solution that is very popular with digital nomads.
The Estonians have developed the world’s most advanced digital infrastructure, yet there is only 1.3 million of them to use it. As a result, they now offer e-Residency so that you can base your business and finances there (inside the European Union) no matter where in the world you live and work.
It’s so useful that increasing number of Brits are even using Estonian e-Residency to beat Brexit.
You can apply for Estonian e-Residency here then you’ll receive a secure digital signature, which makes it easy to manage everything online.