Estonia e-Residency Cost, Benefits, and Pros and Cons
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- Опубликовано: 21 авг 2024
- Estonia e-Residency program cost, benefits, pros and cons, how to apply, and the differences between the Estonia Digital Nomad Visa and e-Residence programs.
Related Videos:
* Estonia Digital Nomad Visa: • Estonia Digital Nomad ...
* Cost of Living in Estonia: • Life in Estonia as a D...
Resources:
* e-Estonia website: e-resident.gov...
* Open an Estonian company with 1Office: bit.ly/Estonia...
* 1Office Startup Package for e-Residents €760: bit.ly/Estonia...
Podcast:
* Digital Nomad Visa Pros & Cons: www.travelingw...
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👱🏻♀️ About: Kristin Wilson is a digital nomad, online entrepreneur, and expat relocation consultant who has lived, worked, or traveled in 60 countries over the last 15+ years. In the past decade, she has helped 1,000's of people move abroad or travel full-time while working remotely.
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NOTE: This video is for informational and entertainment purposes only and is not individual consulting or advice. Video descriptions may contain affiliate links to products I use or recommend at no additional cost to you.
#estonia #e-residency #prosandcons
![Estonia Digital Nomad Visa [WHAT IT IS / HOW TO APPLY]](http://i.ytimg.com/vi/z0hUBpzk4Ds/mqdefault.jpg)
Get help opening an Estonian company with 1Office: bit.ly/EstoniaCompany
I'm glad Estonia started this trend. I wish there was a global agreement for certain people who work remote like me to be global citizens; basically you could pay 25% income tax and all of the partner nations would split it, then you could live in any of them. For as appealing as Estonia is I wouldn't move there because of the lousy cold weather :)
Me too! I wrote about that on Medium last year - a global income tax medium.com/swlh/12-ways-the-world-will-change-when-everyone-works-remotely-cb8927ef1853
Wow 25% tax. Sounds like a dream to me ❤️
Make it 20 and I’m in
I think one of my friends has an e-Residency through Estonia. I recall a few years ago that he set something up in Estonia to where he could register his photography business there although he was fully remote. I think that this is a great idea for anyone whom is fully remote with no set location for the business. Great video!
Thanks Scott! That's great to hear that the program has been useful for your friend! It's definitely a viable option for many people. Which country was he from?
@@TravelingwithKristin He's from Canada. He bought an apartment in Portugal this year after being a digital nomad for many years. I'm not sure if he will be keeping the e-Residency in Estonia or if he is going to have his photography business be in Portugal. If he does the latter, it might be a little easier with Estonia and Portugal being both in the EU.
I am wondering what really is the benefit of having a company in a country if you can't open a bank account in the company you are "based"?
I actually recently moved to Estonia as a resident from Canada and FYI banking is very strict and challenging for both personal accounts and Estonian corporate accounts. You have to prove source of funds and also if you are a resident show your salary etc. It is not as easy as even a few years ago. You need to go organized with all personal data and if it is corporate business plans, contracts, etc Video was great Kristin!
Hi AB! Glad you enjoyed the video, thanks for sharing 😊
Hi can I open a small business hw much does it cost
Voila!!.. muwahhh
You just saved me from big hassle of applying to this estonia evisa
really coool of you to save me being fool from this big time consuming hectic
cause my only interest was to get myself of personal bank account through this visa program.
many thanks
I'm so glad to hear that I save you some time and energy! Let me know any other types of videos you like to see here
Kristin You do such a thorough and detailed job with your videos, they are so enjoyable to watch! You Rock💃🌟🌺🎉🙏🤗
Thank you, Gary! 😊😍☺️
Nice video!
Estonia is a really interesting country!
It really is! I have a full Estonia playlist here for more! ruclips.net/p/PLsTStwiO7jmoGUk8hyejxb3-QZiKRKUC3
@@TravelingwithKristin I already saw these videos a long time ago
I gotta say I really like them especially life in Estonia as a digital nomad and your airbnb in Tallinn
Illuminati the abundance of valuable resources or valuable material possessions. This includes long-term prosperity. Be extraordinary from the rest.
Join Illuminati today and become rich and famous in life you may need my assistance on how to join email me at richardhelmut990@gmail.com
Well done, glad to see you have not stopped releasing great digital nomad and travel videos despite the worldwide pandemic issues. Keep up the great work!
We continue to post fresh and new information in regards to various locations in the USA and around the world.
Thanks guys!
Really clear and detailed information. Thanks Kristin!
So glad it was helpful!
Hey Kristen... Happy to see you back again 😊
This informative video is very valuable.....
I don't know much about Estonia but have heard that it's a beautiful country.
Thanks for coming up with such interesting vlogs and helping people worldwide with their travel plans... God bless you my friend 🌹
Thank you, Sam! I figured I should explain the differences between the visa and e-residency so people knew which one was better for them
E-residency is a great title for living in Estonia. In Latvia and Lithuania they would be L-residencies.
Thanks for sharing your insights Robert!
I am moving to Bali in July and think if that makes sense for me too. Interesting video, thank you very much.
You're welcome, Cathy. You would also like this video then! ruclips.net/video/FH_f7MBCh9Y/видео.html
Being an EU citizen who wishes to travel around the world while operating a company in Estonia, is an advantage because its easier to open a bank account for e-residency. You would have to register in Estonia first, as an EU citizen that would not be a problem. The banks there would then be more willing to open a bank account for you, seeing as you would be living in Estonia. But, you may still have to pay taxes in any other EU country, if you plan on traveling only in the EU. For example: if i live in Germany and operate my company in Estonia using the card, im gonna pay taxes in Germany too! I would have to travel around the EU from country to Country and make sure i stay no-longer than 3 months each time, so as to avoid being seen as living there. Its tricky. As for American E-residents: dont you still have to pay taxes back to US as an American citizen even if you travel and operate a company in Estonia, due to American citizenship based taxation laws?
Hi there, that's great that you've had an easier experience opening a bank account, but not everyone would be able to... Regarding travel, if you are living in Europe, it's possible to open a personal bank account with an online bank like Revolut or N26. However, e-residency doesn't provide any travel permissions. For that you would go with your passport or on the Digital Nomad Visa ruclips.net/video/z0hUBpzk4Ds/видео.html
Where your tax domicile is depends on where you're living and what the requirements are to change it from your home country, as well as how long you stay in a different country. Where are you from? Correct, US citizens are taxed on worldwide income and we have a citizenship-based taxation system
So Estonia e-residency is directed chiefly at people from outside the E.U. ? I am European (some guys have all the luck, I know...), I have Portuguese, Italian and Greek taxpayer numbers and Greek address and bank account. Can Estonia e-residency get me any advantage or benefit I'm unaware of ? Could you please tell me ? Thanks in advance.
Thanks for sharing Kristin! I’ve been trying to be a digital nomad or someone who travels abroad like you do. So glad I found your channel. So inspired! Will continue to watch your videos!
Glad it was helpful! You are welcome! Stay tuned for more!
@@TravelingwithKristinhi if I get e residency.. aft can I start a business hw much does it cost to open a profitable business
Thank you for the information! Well done girl.
You’re welcome! Glad it was helpful. E-residency and the digital nomad visa can be confusing
Illuminati the abundance of valuable resources or valuable material possessions. This includes long-term prosperity. Be extraordinary from the rest.
Join Illuminati today and become rich and famous in life you may need my assistance on how to join email me at richardhelmut990@gmail.com
Yes heard about this quite a while ago and I thought it was more what the digital nomad visa is. Hoping more countries get on board with the digital nomad visa.
Digital nomad / semi retirement visa 😎🏝️
You're not alone! There is a lot of confusion about the differences and since I made the video about the digital nomad visa, I figured I should also make one about Estonian e-residency to balance things out and clarify which each is for. Maybe one day every country will have a digital nomad visa! Which country's are you most interested in?
@@TravelingwithKristin I would like to have options in Asia Europe and the Caribbean... Was living in Asia for a while doing the visa hop.. would much prefer the digital nomad visa there.
A lot of military guys semi-retire early then do random contract or side jobs while traveling.
Illuminati the abundance of valuable resources or valuable material possessions. This includes long-term prosperity. Be extraordinary from the rest.
Join Illuminati today and become rich and famous in life you may need my assistance on how to join email me at richardhelmut990@gmail.com
detailed information. Thanks Kristin
You’re welcome! Glad it was helpful :)
Illuminati the abundance of valuable resources or valuable material possessions. This includes long-term prosperity. Be extraordinary from the rest.
Join Illuminati today and become rich and famous in life you may need my assistance on how to join email me at richardhelmut990@gmail.com
Thank you for sharing this information!
Anytime!
""To the early squad reading this ,may god gives your parents a life of 100 years full of prosperity and wealth ❤️""❤️
Thanks!
Thanks for informations. Im full remote online language teacher freelance who just started m'y activity 2 months ago and I make around 900 euros per month at the moment and it might increase.
As a belgium citizen living in Japan do you recommend me to apply for it ?
Great video very informative.... Want to open a start up but have lots of question around it... Will have to figure it out soon
Sure let me know any questions
Thank you for your help ❤
Thank you, Kristin; just what I'm looking for.
You are welcome, Robert!
Thanks Kristin I did c da video I did get an idea
Glad to hear that!
The Baltics are great countries to visit
I agree! I have some videos on Lithuania too 😊
Thank you all for the informative video! My wife and I are volunteer teachers in Lviv. We had considered exploring Europe before heading back to Oregon to see our grandchildren. Your videos are very helpful in our journey. Thank you!! We are now considering extending our stay in Europe. My wife has MS, so, a country with highly qualified neurologists is desired. What is your opinion about healthcare for senior travelers in Lithuania, Latvia, and Estonia? Thank you. Dean
Good to know
Thank you
You're welcome!
Thank you, Kristin.
I work as a non-registered freelancer for a while now. I started making more “serious” money just a few months ago, and would like to register my business. Do you think it can be a problem that I didn’t register sooner?
Hi Jane, I don't think so
Hello sir I’m from Australia. Please your video. Very good zaman Australia ❤
Hey Kristin, thanks for the video
You are so welcome! Thanks for watching and feel free to subscribe for more!😊
Hello! Very informative. Do you believe this is still a viable and long term safe option considering current situations?
THANKS FOR YOUR VALUABLE INFORMATION 👍
Your welcome! Stay tune for more and feel free to subscribe!
Very good information well when I apply I contact with you thanks
Great!
Illuminati the abundance of valuable resources or valuable material possessions. This includes long-term prosperity. Be extraordinary from the rest.
Join Illuminati today and become rich and famous in life you may need my assistance on how to join email me at richardhelmut990@gmail.com
Thanks so much for sharing. very informative.
Glad you found the video informative Wynne! You are welcome 😊
Do you know if Americans can travel to Costa Rica ? Where i Find requirements
Yes US citizens of every state can now travel there! More details here: ruclips.net/video/t4CQsNtltz4/видео.html
@@richardhelmut4825 you probably fake
Hey Kristin, thank you so much for the video i really appreciate your work to give us all the info. I have one question about this visa, if I open the online company and got my e- residency card, can I travel to Estonia between now and then?
Hi Marian, you are welcome! You could do both - open a company with e-residency and also apply for the digital nomad visa so you could live there for one year. You could also visit for up to 3 months with a passport if your country is on the approved for EU travel list. Let me know any questions!
@@TravelingwithKristin Thank you so much :)
Very useful and informative 👍
Thanks a lot, Georgi; Glad it was helpful for you!
Madam when will issuing start long-term work visa to Estonia frok 3rd list countries? Please please replay
Hi JR, I'm not sure if Estonia is emitting regular work permits right now but if you're self-employed you can apply for the Estonia digital nomad visa. ruclips.net/video/z0hUBpzk4Ds/видео.html
Hey Kristin, Does being an e-resident make you a subject to GDPR?
Hi there, that's a good question but I think any company that is providing services or information to Europeans needs to be GDPR compliant
Hi Kristin , how are you ? I open my company at January 2020 unfortunately...... because corona 🦠 ,,,, i lost my job in real life . Billing account by provider is very expensive. How did you solve this problem? I left the company from the fourth month before and I don't know what to do. I am lost, I like the digital residence system and the digital system in Estonia. It's impressive, but for the uninitiated, it's confusing and I feel lost.
Hi Ahmed, I"m sorry to hear that you lost your job :( Have you applied for any remote jobs or tried freelancing? This video might help: ruclips.net/video/n_4byfTG3WA/видео.html
Interesting! informative! thanks
Glad you liked it! Stay tuned for more!
Hi thanks for the video. The reason I am interested in opening a company in Estonia is to start my Amazon seller business which I cannot do from my country of origin i.e. Pakistan. The one thing i'd like to know is do I have to travel to Estonia to open up a bank account?
Hi Junaid, you can open an account with Transferwise online bit.ly/transferwisebank
Good Luck. I’m from China and I’m facing similar issues. You got this.
Keep growing all 👍
Thanks Rony! 🙏
Careful with trying to open a bank account in Europe as a US Citizen. It is becoming much more difficult due to the US reporting laws...Many banks don't really want the hassle of having to report to the US on account info.
Hi Joe, you are right that it has been very difficult for US citizens to open offshore bank accounts for many years now! At least a decade or so. That's why I use transferwise www.travelingwithkristin.com/transferwise
I teach university courses online and am now thinking of being a digital nomad. Saw a lot of your videos. Which one would you recommend between Estonia, Norway, and Bulgaria since you vouched for all three? Thank you!
Thanks for watching! Glad you found them helpful. As far as the destinations, it depends on your budget and lifestyle and a few other factors. What type of experience are you looking to have?
@@TravelingwithKristin I do research in public health so any place where I could approach the local communities and make friends easily would be great. I am good with budgeting and lifestyle as my pastime includes merely going to the parks, biking and cooking at home.
Thanks for your work. I met a couple of lovely Baltic women at a think tank event some years ago when we could still do that. LGBFJB!
You are welcome Robert! Thanks for sharing 😀
I have an Estonian e-residency card. I want to open a company & bank account. But I don’t know all procedures please help me
Hi there, which country are you from?
@@TravelingwithKristin from Korea please send your email address or phone number thanks in advance
@@TravelingwithKristin from Korea please send me your email address or phone number
e-Stonia
😊
Can you help ? If I open one e-company in Estonia, what kind of taxes do I need to pay on 1- All invoices made to Worldwide countries for services ? 2- What kind of book keeping do I need to do in reporting my sales and my costs to the tax authorities ? 3- What is the tax I need to pay on the profits I, eventually have ? Tks Rui
Hi Rui, Taxes abroad is a complicated topic with a variety of information to understand. I do recommend looking at Greenback Taxes Services
@@TravelingwithKristin tks a lot Kristin ... Will do
After getting work visa for Estonia when we get resident card. And can I go another Shehgen countries on resident card.
Hey I am so glad about your information, actually I am exporter , I have owned business like clothes and jeans and jackets hoodies and etc , can I eligible for start my business in your country
Thank you so much !
You’re welcome, Rusl!
@@TravelingwithKristin Sure !
still can't see the benefits though
Hi Kristin. Thanks for your very informative videos. I have a question. Is it possible to ask an e-residence for my company and also a digital nomad visa in Estonia at the same time, or let's say a bit later? And also if i have a e-residence Estonian card, is not a problem to ask a digital nomad visa in another country? Gracias!
Hi there, you’re so welcome! And yes you can apply for both at any time - there are no restrictions on that and you can also apply for multiple digital nomad visas in different countries!
@@TravelingwithKristin Thank you very much! Have a wonderful week!
Hey Kristin do you recommend world nomads for travel insurance? If not do you have any others you recommend?
Hi John, I’ve been using World Nomads for at least 5 years now. Works really well! This is my link if you’d like to check it out 😊 bit.ly/TWKTravelIns
Awesome thanks! Does your link offer a discount too?
can i open a revolut bank account with this e-residency ?
Kristin..hello,i live in africa,i have e residents estonian,,i want travell etonia or others European countries,is possible or i need visa ...??
I am not sure about that but I think if you are a resident you don't need visa
I am thinking to retire in Estonia. Any idea about being Self employed in Estonia? what occupations qualifies and are in demand.
Hi Bob, my expertise is in helping people open online businesses, find remote jobs, or begin online freelancing. If you are interested in any help with that let me know! Or you can find some free guides at www.digitalnomadbootcamp.com
@@TravelingwithKristin Thank you for your support. Send me your Whatsapp number at my email if possible, It would be better if I talk to you one on one in this matter, it wont take long as I've written every thing that I want to ask. My email is bobwa051@gmail.com. Regards.
Hello, please if someone can tell.me.steps for tax report through smart Id in Estonia or address of some office who can provide tax report for me . Normally I will pay for it
Kristian, you should visit Fernando de Noronha and Lençóis Maranhenses, are amazing destinations!!!!! 💙
Sound amazing!
That's Great 👍
Thank you! Cheers!
Your video is kool
Thank you! 😊
Well, if the bank account is not guaranteed, the utility of this E-Residency is rather dubious, isn't it?
Yes, you can't open personals accounts but you could open business accounts. This benefits Business owners, Entrepreneurs, Freelancers + consultants & Digital nomads.
I want to open my company there and get paid there for that i need a bank account for the company not for me ' is this possible ? Some one can help me out and explaind it to me 😅
Hi traveling with Kristin, I like your video, is very informative, full of energy and fun! what business do you have in Estonia and how easy or difficult was to set up? I live in Arizona I'm a video editor (food) and photographer(products)
Hi Walker! Glad that you enjoyed my video and found it informative! I did not set up any business in Estonia. I have remote businesses. The video was just to give people who wanted to get Estonia E-residency visa an idea.
@@TravelingwithKristin Thank you for your reply Kristin, I will keep that in mind.
Does Estonian Digital Nomad Visa allow you to take family with you? Can you apply for extension after 1 year? And does it lead to permanent residence or citizenship if you're a good contributor to Estonian economy?
Hi Hussain, this is the Estonian E-Residency Program, more information in this site: www.e-resident.gov.ee/ for the Estonian Digital Nomad Visa here is the video: ruclips.net/video/z0hUBpzk4Ds/видео.html
Mam i want this . Nd i massage u. But do not reply this.. Plzz help me this
Hi Amandeep, yes what is your question?
Illuminati the abundance of valuable resources or valuable material possessions. This includes long-term prosperity. Be extraordinary from the rest.
Join Illuminati today and become rich and famous in life you may need my assistance on how to join email me at richardhelmut990@gmail.com
it's not a residence or work permit - it's an online ID card issued by the Estonian government. That's all. And the remote part isn't true - you still have to go somewhere and physically give your fingerprints and the number of places is limited - 1 in a country usually. There are no annual maintenance fees for the card but there are for the Estonian company! Look - I'm not saying it's bad but you need to go in with your eyes wide open and understand what it is.
I agree Mark. I shared this and got my information from the e-resident.gov.ee/ website so that people could find the difference and be informed with their choice.
Hi Kristin, thank you for your video. I've already got the eResidency. What would you recommend for a simple site with AdSense on it. First I need a bank account and an imprint (address). Is Estonian Residency optimal for this. Thank you in advance
Hi @Quebono100 this has various solutions and options. I dedicated a few lessons to discuss these topics in my new Relocation program, Ready to Relocate. You can apply here: TravelingWithKristin.com/apply or book a consultation call with me so we can discus more your inquires. You can book here: bit.ly/30MinDiscoveryCallKW You can also check out my new podcast that talks about Taking the First Steps in Your Relocation Abroad here: www.badassdigitalnomads.com/taking-the-first-steps-in-your-relocation-abroad/ Hope this helps!
Great video, to me e-residence isn't much useful bcoz if you register a business in a country, what good is it if you can't even receive the money in that country. I think they should offer travel permit as well along with it
I understand, it is not for everyone. There is also another choice, the Estonian Digital Nomad Visa ruclips.net/video/z0hUBpzk4Ds/видео.html
Nice info dear
Thank you 😊 Stay connected for more info!
@@TravelingwithKristin your new dp is stunning
Wanted to ask you is it useful for people like me. I am remote employee.
Estonia has a new digital nomad visa for remote workers, you can check it out here: e-resident.gov.ee/nomadvisa/
When I am meeting you? When I am taking you for a coffee?
So nice of you to offer! I'm a coffee-holic 😜
@@TravelingwithKristin sounds good
Maybe the USSA is an undeveloping country with an unstable currency, the American peso.
😅😅
Plz making new video am want visit to estonia plz told me related embassy are open are not please
I did another on Estonian Digital Nomad Visa here: ruclips.net/video/z0hUBpzk4Ds/видео.html
Does it have any tax implications? Should I pay taxes to Estonian government for my income through e-residency even though I don't live there?
Hi Blink, you can check out this link for more info www.e-resident.gov.ee/ hope this helps :)
Hi Kristin,if I start company can I work for that company as employee..?
I think you will be labeled as owner in that sense since you started the company.
Hi, I've only one question for which I cannot find an answer. If you open the company in Estonia but you are resident in a EU country, so you stay more than 183, can you still open a company abroad and of course pay your personal income taxes in your country ?
I think that your company taxes will be the Estonian ones but if you create another company in your home country of else where then you will have to pay the taxes from there and if you're employed you will pay the taxes of your home country
I am not sure Federico but you can check out their link here: www.e-resident.gov.ee/
I am an e-resident of Estonia... Wish to seek job in Talinn???
Hi there, you can check out this website: www.workinestonia.com/latest-offers/
Mam can I get Estonia Work permit. Can you tell me any good Counsalt for Estonia work permit
Hey there! You can also book a 30-minute call ($300) calendly.com/travelingwithkristin/digital-nomad-consultation-friends-booking-link if you need any consultation help!
Hello..can tell me please?? If I passed Estonian language can I get PR of Estonian
I am not sure about that Sagar but you can check out this link for more info: bit.ly/3qsBdXw
So you liked Estonia ???
Yes I did! You can see more of my experience in Estonia in this video: ruclips.net/video/2EJWKqFfHzc/видео.html
hi
Hi hi
Do we have to pay something each month to be an e-Estonian resident ?
Not sure about that
Hi Kristin, could you please share your video regarding opening bank accounts?
It's amazing how complicated it's still to do it while having a company abroad.
Great suggestion! Would try to formulate a new video on that. Thanks!
can you open a business bank account with e residency
Yes, You can check this link for more info, Steven: learn.e-resident.gov.ee/hc/en-us/articles/360000700918-Banking-basics#:~:text=You%20can%20choose%20a%20combination,to%20get%20their%20business%20started.
@@TravelingwithKristin thx so much
Is the USSA an undeveloping country?
What do you mean USSA?
I have coined the United States of Soviet America (USSA) and United States of Scamerica to ridicule the current state of this country. I plan to right a book to call into question the legitimacy of the regime. Thank you for asking. I may have referred before to the classic work of G.M. Loeb, The Battle for Investment Survival, who warned many years ago that people should have in mind where they would go if things get really bad. 76% of Americans have concluded that this country is on the wrong track. I have thought this since I read that book as a child. I was theoretically a classmate of Trump, but I've never met him. I plan to devote one chapter of my book to Trump, so that readers who want my perspective can get it and people who want to avoid the subject can do that easily. Critics of Kellyanne Conway, who I have met, whereas I've never met Trump, have chided her for not talking about Trump. She still defends him, whereas I am pointing out that he has always been a Dem, and he is now acting as a Wrecker, which is another Soviet term. A Wrecker is a worker who prevents the plant from fulfilling the plan.
Hello
Hi there! Thanks for watching 😊
There's nothing per se wrong with a marketing stunt. Some countries are nothing but a marketing stunt. For example Mauritius, but I met one of their promoters and there is some merit there.
Thanks for sharing your insights Robert.
@@TravelingwithKristin More to come, including a book. I just got my first subscriber and I don't even have a channel. When I was a child I read The Battle for Investment Survival, by G. M. Loeb. He suggested that every investor needs to have an idea of a country to which s/he would repair if things get bad. He was way ahead of his time, which is now.
iam coming estonia to visit
can i stay their for long time
plze infrom me
That depends on what visa you have 😊
coming to international delights for 1 month visit visa can i change This visa in work visa
Hlw.ma'am I'm rana .how are you??.your looking soo gorgeous maam
Thanks Rana!
how to apply
You'll have to go to your Estonian Embassy. 😊
A company without a bank account is useless.
Yes, Chris and maybe this could help business.
Estonia is now pushing this throughout all of EU member states.
Once everyone in EU has a digital ID, then it becomes beneficial for all EU citizens to do business and to open any bank accounts or and more entitlements for EU citizens..
Sorry, this is not really applying to any non EU citizens..
If this works out with all of the securities concerns worked out, then we could see a huge digital change throughout the entire EU continent.
True. Thanks for sharing, Nova!
Nothing per se wrong with marketing stunts, although crypto is one.
Love the video! Keep up the great work! Would be great if you could check out our channel! Hope you like it!
Thank you! Will do
It’s basically useless. There are absolutely no benefits