This year, Ukrainians have registered 423 companies in Estonia and became leaders among foreign citizens, reports “Investor”.
According to the head of the Tallinn office of the law firm “Ilyashev & Partners”, Vitaliy Halytskyi, Ukrainians became leaders in the registration of companies thanks to an e-resident card in Estonia.
“Ukrainians are in the first place by a number of such registrations (423 companies). 21301 citizens of Ukraine have received the e-resident card in Estonia and are third after Finns and Russians. Finnish citizens, for comparison, have registered 315 companies with the e-resident card, German citizens – 311. Demand is growing”,
said Vitaly Halytsky.
Estonia, which is a European innovative technologies introduction leader, in order to facilitate various bureaucratic conditions for its citizens, has introduced special ID cards. Thanks to the card a citizen can get almost all public services online and even register a company. The idea has become so successful that it was used for foreigners as well.
Thus, a citizen of another country who a has the e-resident card, can register a company online in a day and has an opportunity to remotely manage it. All payments are made through online services.
E-residence is not a citizenship and does not give the right to enter Estonia or the EU. It does not give any physical rights or tax residency. It is just a tool for identifying a personality online and accessing the state’s electronic services.
The process of obtaining e-residence is very simple. One needs to fill out an appropriate form on the website and pay a state fee of 100 euros. For the most part, it takes no longer than 10-15 minutes.
At present, about 3 444 thousand companies have been registered in Estonia with an e-resident card, and in November 2017 the number of such companies amounted to 3 thousand.
Minimum bureaucracy, no corruption and a possibility of doing business in accordance with a European jurisdiction are advantages that attract people to the program of e-residence in Estonia.