2021 saw as many new e-Residents as births in Estonia – ERR News

The majority of newcomers into the e-resident community come from Russia, Spain and Germany, BNS reports, while the influx means Estonia now boasts almost 90,000 e-residents from 177 states, the e-Residency program says.

Program managing director Lauri Haav says that the e-resident status gives access to Estonia’s public e-services ecosystem, enabling global entrepreneurs overcome obstacles to cross-border commerce and quickly adapt to the ever-changing business environment.

As such, the e-residency program offers a significant competitive advantage to entrepreneurs worldwide, he added.

Haav said the coronavirus pandemic has spurred on an unprecedented momentum towards the transition to teleworking, and e-residency is well-suited to empower all interested parties regarding this.

Furthermore, the program is also a lifeline for freelancers and digital nomads, he said – phenomena which have become global mega-trends.

Haav said: “On the whole, e-residency inspires people around the world to explore opportunities for managing their business ventures 100 percent digitally and seek a better balance between their personal and professional lives.”

Nearly half of the new e-residents are EU citizens, often seeking more business-friendly environments.

“Our innovative digital solutions – unmatched by any other country – are ideal for location-independent entrepreneurship. Given the ongoing global changes, especially in the spheres of work and commerce, there is reason to believe that the number of e-residents will continue to grow rapidly, thereby increasing the overall contribution to the Estonian economy,” Haav went on.

Tim Schnockelborg, German entrepreneur and Estonian e-resident, said he has experienced first-hand that administrative processes, which may take weeks or months in most other European countries, can be completed in a matter of minutes in Estonia.

“As an e-resident, I was able to set up an Estonian company in just a few hours, with all the necessary paperwork processed smoothly and very quickly,” he said.

Schnockelborg, who now physically lives in Tallinn and has relocated his whole business to Estonia, noted that e-Residency is attractive not only for EU citizens but also for people from other parts of the world.

“For many businesses, the Estonian e-residency program serves as a gateway to the EU’s single market, without requiring physical relocation. In addition, thanks to digital solutions, these companies can be managed in a very cost-effective manner and the local workforce in Estonia is highly skilled,” said Schnockelborg, adding that the e-residency program represents a fresh approach to business and is an excellent flagship for representing Estonian digital society in the global arena.

Ukrainian start-up founder and Estonian e-resident Natalia Storozhuk said the Estonian digital society is best characterized by ease of administration, minimal bureaucracy and boundless opportunities.

She said: “Estonian e-residency serves up the whole world on a platter because location-independent management unshackles from one specific physical location. The freedom and flexibility provided by e-residency is an invaluable asset.”

Storozhuk added that due to the Covid pandemic, many professionals have lost their jobs and companies have become more cautious in recruiting new people, prompting many to seriously consider launching a freelance career.

“Estonian e-residency gives people around the world the courage to …….


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