Re:One of Estonia's first "e-residents" explains what it means
by gwbas1c on Tuesday April 03, 2018 @11:13PM
(#16751579)
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.
Re:One of Estonia's first "e-residents" explains what it means
by thinkloop on Wednesday April 04, 2018 @01:40AM
(#16752268)
> take payment in Euro as a consultant
Isn't it relatively easy to open a Euro denominated account in most countries?
Re:One of Estonia's first "e-residents" explains what it means
by rihegher on Wednesday April 04, 2018 @02:16AM
(#16752421)
For an individual it is, not so much for a company
Re:One of Estonia's first "e-residents" explains what it means
by cmadan on Wednesday April 04, 2018 @04:26AM
(#16753008)
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.
Re:One of Estonia's first "e-residents" explains what it means
by siruncledrew on Tuesday April 03, 2018 @11:26PM
(#16751629)
e-residents also have access to Estonia's "estcoin" once it's released: https://medium.com/e-residency-blog/were-planning-to-launch-...
Re:One of Estonia's first "e-residents" explains what it means
by edwin01 on Wednesday April 04, 2018 @02:38AM
(#16752519)
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.
Re:One of Estonia's first "e-residents" explains what it means
by ibn_ibid on Tuesday April 03, 2018 @10:44PM
(#16751473)
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.
Re:One of Estonia's first "e-residents" explains what it means
by GordonS on Wednesday April 04, 2018 @08:32AM
(#16754064)
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?
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.