My company operates in Pakistan. I have watched this video completely. I intend to apply for residence. But when I heard that there is no guarantee that you can open a bank account or not. So I was surprised that my company is e-commerce base for which it will be necessary to have a bank account in Estonia.
Thank you so much for these videos. I find them very helpful. I am just at the beginning of my freelancing career and am looking forward to use the e-residency therefore in order to be able to manage my company from all around the world. However, in the application form I am asked from where my business will be ran predominantly. I am planning to become a digital nomad and travel around while freelancing. Can you tell me how binding my answer to this question are since the plans about my destinations may vary? Thanks again!
@asaphngouba We understand that picking up your e-Residency digital ID kit can be challenging if the available collection locations are not easily accessible. But unfortunately yes, the only pickup location in Africa currently is the Estonian Embassy in Egypt. You are not restricted to picking up your kit in your region. You can select any available Estonian Embassy or pickup point worldwide. Many e-residents choose to collect their kit while travelling for business or leisure. You can view all available pickup locations when submitting your application. If you are unable to travel now but may be able to in the near future, you can wait before applying to ensure that you can collect your kit within the required timeframe. Please also keep in mind, once your e-Residency kit has arrived at your pickup location, you will need to collect it within 6 months. In many cases, your e-Residency kit is available for collection 6-8 weeks after you have submitted your application.
Been looking at this for awhile and residency. The translation says capital is Thailand which is confusing. We are a mixed couple and I am old and really screwed up and then I was born in USA and so many issues.... now going to the is not and obviously that is probably the issues most concerning. Especially with banking and taxes?
Hi Steve! We are happy that you found this video useful. Thank you for pointing out the issue in the auto-generated translations, we have now fixed it and it says 'Tallinn' not 'Thailand'. There are another 3 videos coming up, Part 3 is purely about business banking, and part 4 is about cross-border taxation.
If you are planning to open a multi-shareholder company, then most likely all of the shareholders will need to apply for e-Residency. A company can be electronically registered in the Business Register if all persons related to the company can give the necessary digital signatures.
Hello! Something is not clear for me. I can start a company as an e-resident, but that does not guarantee a business bank account? How come? A company needs to have a bank account. Where should I create that business bank account? In my country? Also, is there any video regarding the company taxes? Thank you!
Hello, The decision to extend or deny banking services to an e-resident is made at the sole and absolute discretion of the banking service providers, who have the right to ask for additional information as they are private entities. This video is actually part 1 of a four-part video series to help you get started with e-Residency of Estonia which also includes the following videos - part 2: Starting a company in Estonia; part 3: Business Banking for e-residents; part 4: Cross-border taxation for e-residents. So, the next parts should also cover all your questions about banking and taxes. Part 2: Starting a company in Estonia - ua-cam.com/video/E7PUZod_TBs/v-deo.htmlsi=g0HOFOR4AJ_rJzwp Part 3: Business Banking for e-residents - ua-cam.com/video/eQOQql-OzIQ/v-deo.htmlsi=HBXxokfYEV6l58bg Part 4: Cross-border taxation for e-residents - ua-cam.com/video/ATfO8t_oaeI/v-deo.htmlsi=Rch7b0dd7_UNIkFz You can also find more answers on banking from our Knowledge Base: learn.e-resident.gov.ee/hc/en-us/sections/360000172038-Banking
Thank you! I want to get my payments via Stripe. Because in Türkiye Stripe is not working. With e-residency, can I open a Stripe account and get payment to my Estonian bank account(or Turkish)?
Stripe is a private company that has the right to decide who it can open accounts for so no one but them can guarantee that you will be able to open one. Though the e-Residency programme does not directly help to open a Stripe account, we know that many e-residents use it for their business banking. For more information and support, we also recommend consulting with a business service provider, you can find a list of service providers from our Marketplace: marketplace.e-resident.gov.ee/en/service-providers/?services=54
Unfortunately, there is no pickup location in Southern California. You can see the full list of pickup locations from here: www.e-resident.gov.ee/pick-up-locations/
I see benefits for Estonia of course: fees; tax from other countries' citizens; payments for Estonian representatives of your company; personal data colection. So, what are the benefits for applicants? I don't see any :( . Our company may need something like this for our international members. But we need that work not only in Estonia's govt services. It must be at least travelling document, photo ID, digital signature ability.
If you are granted e-Residency, you will receive a government-issued digital ID card that provides access to Estonian e-services. The majority of e-services currently available to e-residents are business-related as most people choose to apply for e-Residency in order to establish and manage a company online in a transparent business environment. E-Residency works particularly well for entrepreneurs offering location-independent digital services. Here are some of the highest values mentioned by e-residents: - The opportunity to establish a paperless, fully digital company in the EU; - Saving time by automating or delegating accounting processes so that you can really focus on doing business; - Access to the EU market, capital or payment solutions; - Being part of an active entrepreneurial community with lots of networking possibilities; - Running a business location-independently. Please note, an e-Residency digital ID card provides access to e-services, but it is not a valid form of physical identification and cannot be used as a travel document. e-Residency does not confer citizenship, tax residency, physical residency or right of entry to Estonia or the European Union. For more information about the e-Residency program, please visit our Knowledge Base: learn.e-resident.gov.ee/hc/en-us.
There is no benefits left compared to the years before 2014. The latest legislation, company taxation, labor expencies rising and today's high real-estate expencies make the e-recidence values inflated.
I would like to clarify that e-Residency does not give citizenship, tax residency, residence or right of entry to Estonia or the EU. E-Residency works particularly well for entrepreneurs offering location-independent digital services, including freelancers, consultants, digital nomads and solopreneurs. Here are some of the highest values mentioned by e-residents: The opportunity to establish a paperless, fully digital company in the EU; Saving time by automating or delegating accounting processes so that you can really focus on doing business; Access to the EU market, capital or payment solutions; Being part of an active entrepreneurial community with lots of networking possibilities; Running a business location-independently.
@@eResidency Hi, thanks for more clarification. But one thing which I'm not clear is that, without bank account how can I do transactions in EU region & how can I get monthly/quarterly payment. Could you please let me know.
@ Generally, e-residents use a wide range of payment and banking institutions for their business banking needs. The solution they choose varies based on physical location, business needs and prior experience using payment institution services. E-residents apply for a banking service with the banking service providers they are interested in once they have registered their company. Please note that e-Residency does not guarantee a bank account. The decision to extend or deny banking services to an e-resident is made at the sole and absolute discretion of the banking service providers, which have the right to ask for additional information. You can find more info here: learn.e-resident.gov.ee/hc/en-us/articles/360000700918-Banking-basics
Hello, useful video! Thank you. To let you know, on minute 8.06 the speaker says Belarusians with two letters "s", as well as written in the presentation, which makes a serious mistake offending Belarusian national identity. I work in an international language business and for me, as a Belarusian national, it's unacceptable. Correct spelling - "Belarusians", UK transcript /ˌbel.əˈruːs.jən/, not otherwise. I would appreciate it if the corrections can be made in any convenient way.
This was very useful information. Thank you!
Thank you for the lovely details
My company operates in Pakistan. I have watched this video completely. I intend to apply for residence. But when I heard that there is no guarantee that you can open a bank account or not. So I was surprised that my company is e-commerce base for which it will be necessary to have a bank account in Estonia.
Try USA or UAE.
Go to a country that shares your values, wayyyy better
very good
As I am a student.However,I have no credit card.Therefore,may I apply for it?
Thank you 🙏
Thank you so much for these videos. I find them very helpful. I am just at the beginning of my freelancing career and am looking forward to use the e-residency therefore in order to be able to manage my company from all around the world.
However, in the application form I am asked from where my business will be ran predominantly. I am planning to become a digital nomad and travel around while freelancing. Can you tell me how binding my answer to this question are since the plans about my destinations may vary?
Thanks again!
How are you coping with your goals ;)
What do I do if I can't travel to the only country available to pick up the kit? I live in Central Africa and the only country in Africa is Egypt.
@asaphngouba We understand that picking up your e-Residency digital ID kit can be challenging if the available collection locations are not easily accessible. But unfortunately yes, the only pickup location in Africa currently is the Estonian Embassy in Egypt. You are not restricted to picking up your kit in your region. You can select any available Estonian Embassy or pickup point worldwide. Many e-residents choose to collect their kit while travelling for business or leisure. You can view all available pickup locations when submitting your application. If you are unable to travel now but may be able to in the near future, you can wait before applying to ensure that you can collect your kit within the required timeframe.
Please also keep in mind, once your e-Residency kit has arrived at your pickup location, you will need to collect it within 6 months. In many cases, your e-Residency kit is available for collection 6-8 weeks after you have submitted your application.
Been looking at this for awhile and residency. The translation says capital is Thailand which is confusing. We are a mixed couple and I am old and really screwed up and then I was born in USA and so many issues.... now going to the is not and obviously that is probably the issues most concerning. Especially with banking and taxes?
Hi Steve! We are happy that you found this video useful. Thank you for pointing out the issue in the auto-generated translations, we have now fixed it and it says 'Tallinn' not 'Thailand'. There are another 3 videos coming up, Part 3 is purely about business banking, and part 4 is about cross-border taxation.
if i want to start a company with other people, do they also need the e-residency to begin? or is it enough if only i have become an e-resident?
If you are planning to open a multi-shareholder company, then most likely all of the shareholders will need to apply for e-Residency. A company can be electronically registered in the Business Register if all persons related to the company can give the necessary digital signatures.
Hello! Something is not clear for me. I can start a company as an e-resident, but that does not guarantee a business bank account? How come? A company needs to have a bank account. Where should I create that business bank account? In my country?
Also, is there any video regarding the company taxes?
Thank you!
Hello,
The decision to extend or deny banking services to an e-resident is made at the sole and absolute discretion of the banking service providers, who have the right to ask for additional information as they are private entities.
This video is actually part 1 of a four-part video series to help you get started with e-Residency of Estonia which also includes the following videos - part 2: Starting a company in Estonia; part 3: Business Banking for e-residents; part 4: Cross-border taxation for e-residents. So, the next parts should also cover all your questions about banking and taxes.
Part 2: Starting a company in Estonia - ua-cam.com/video/E7PUZod_TBs/v-deo.htmlsi=g0HOFOR4AJ_rJzwp
Part 3: Business Banking for e-residents - ua-cam.com/video/eQOQql-OzIQ/v-deo.htmlsi=HBXxokfYEV6l58bg
Part 4: Cross-border taxation for e-residents - ua-cam.com/video/ATfO8t_oaeI/v-deo.htmlsi=Rch7b0dd7_UNIkFz
You can also find more answers on banking from our Knowledge Base: learn.e-resident.gov.ee/hc/en-us/sections/360000172038-Banking
Do you also refund the fees for Sudanese, Ethiopians, etc?
Thank you! I want to get my payments via Stripe. Because in Türkiye Stripe is not working. With e-residency, can I open a Stripe account and get payment to my Estonian bank account(or Turkish)?
Stripe is a private company that has the right to decide who it can open accounts for so no one but them can guarantee that you will be able to open one. Though the e-Residency programme does not directly help to open a Stripe account, we know that many e-residents use it for their business banking. For more information and support, we also recommend consulting with a business service provider, you can find a list of service providers from our Marketplace: marketplace.e-resident.gov.ee/en/service-providers/?services=54
@@eResidency Thank you🙏🏻
Are there pick up locations in Southern California?
Unfortunately, there is no pickup location in Southern California. You can see the full list of pickup locations from here: www.e-resident.gov.ee/pick-up-locations/
I still didn't understand what is that. It wasn't clear enough
I see benefits for Estonia of course: fees; tax from other countries' citizens; payments for Estonian representatives of your company; personal data colection. So, what are the benefits for applicants? I don't see any :( . Our company may need something like this for our international members. But we need that work not only in Estonia's govt services. It must be at least travelling document, photo ID, digital signature ability.
If you are granted e-Residency, you will receive a government-issued digital ID card that provides access to Estonian e-services. The majority of e-services currently available to e-residents are business-related as most people choose to apply for e-Residency in order to establish and manage a company online in a transparent business environment. E-Residency works particularly well for entrepreneurs offering location-independent digital services.
Here are some of the highest values mentioned by e-residents:
- The opportunity to establish a paperless, fully digital company in the EU;
- Saving time by automating or delegating accounting processes so that you can really focus on doing business;
- Access to the EU market, capital or payment solutions;
- Being part of an active entrepreneurial community with lots of networking possibilities;
- Running a business location-independently.
Please note, an e-Residency digital ID card provides access to e-services, but it is not a valid form of physical identification and cannot be used as a travel document. e-Residency does not confer citizenship, tax residency, physical residency or right of entry to Estonia or the European Union.
For more information about the e-Residency program, please visit our Knowledge Base: learn.e-resident.gov.ee/hc/en-us.
@@eResidency I don't see any benefit. Or, do you mean EU countries/people cannot buy digital services of goods from not EU countries/people?
There is no benefits left compared to the years before 2014. The latest legislation, company taxation, labor expencies rising and today's high real-estate expencies make the e-recidence values inflated.
I would like to clarify that e-Residency does not give citizenship, tax residency, residence or right of entry to Estonia or the EU. E-Residency works particularly well for entrepreneurs offering location-independent digital services, including freelancers, consultants, digital nomads and solopreneurs.
Here are some of the highest values mentioned by e-residents:
The opportunity to establish a paperless, fully digital company in the EU;
Saving time by automating or delegating accounting processes so that you can really focus on doing business;
Access to the EU market, capital or payment solutions;
Being part of an active entrepreneurial community with lots of networking possibilities;
Running a business location-independently.
@@eResidency Hi, thanks for more clarification. But one thing which I'm not clear is that, without bank account how can I do transactions in EU region & how can I get monthly/quarterly payment. Could you please let me know.
@ Generally, e-residents use a wide range of payment and banking institutions for their business banking needs. The solution they choose varies based on physical location, business needs and prior experience using payment institution services. E-residents apply for a banking service with the banking service providers they are interested in once they have registered their company. Please note that e-Residency does not guarantee a bank account. The decision to extend or deny banking services to an e-resident is made at the sole and absolute discretion of the banking service providers, which have the right to ask for additional information. You can find more info here: learn.e-resident.gov.ee/hc/en-us/articles/360000700918-Banking-basics
Is it possible to change my actual name and family name and get a new one on the estonian e residence
Pliz hilf me anwar
Hello, useful video! Thank you.
To let you know, on minute 8.06 the speaker says Belarusians with two letters "s", as well as written in the presentation, which makes a serious mistake offending Belarusian national identity. I work in an international language business and for me, as a Belarusian national, it's unacceptable.
Correct spelling - "Belarusians", UK transcript /ˌbel.əˈruːs.jən/, not otherwise.
I would appreciate it if the corrections can be made in any convenient way.
@@vsevo Belorussians married with their siblings so no bother