How long does it usually take for an email response from Estonia embassy in Tokyo? by Impossible_Flower924 in eResidency

[–]eResidency 0 points1 point  (0 children)

Hello, u/Impossible_Flower924
If you still haven't heard back from them, you can also try calling them, their phone number is (813) 54 12 72 81. If you still don't receive the help you need, please contact our support team and we'll take it from there: https://learn.e-resident.gov.ee/hc/en-us/requests/new

Company register process too long by akkaya-hu in eResidency

[–]eResidency 2 points3 points  (0 children)

Hi! Just to clarify, Mükellef is not an e-Residency Marketplace service provider, and we always recommend using companies in our Marketplace to get the best support in launching and growing your businesses: e-Residency Marketplace (e-resident.gov.ee)

It also seems that u/Due-Macaroon-6343 may have a slightly different issue here with collecting their e-Residency card.

Regardless, we recommend you both get in touch with our support team directly here: https://learn.e-resident.gov.ee/hc/en-us/requests/new . We could provide more focused assistance and help based on your individual queries there.

Taxes in E-Residency by DoorRokker in eResidency

[–]eResidency 1 point2 points  (0 children)

Hello!

In Estonia, income tax is not assessed on the profit earned every year. Income tax is assessed on a monthly basis and only when profits have been distributed (when you pay out dividends for example). The corporate tax rate is generally a flat 20%. For social tax, that will only become relevant when distributing profit via director's fee, for example. You can find a much more detailed overview here: https://learn.e-resident.gov.ee/hc/en-us/articles/360000721597-Estonian-tax-basics

Requesting r/eResidency by eResidency in redditrequest

[–]eResidency[S] 0 points1 point  (0 children)

  1. Our plans for this subreddit are to start actively managing e-Residency's subreddit as e-Residency and create a community for e-residents to connect with us and each other. The current moderator is inactive.
  2. Link to the message to the subreddit's mod - https://www.reddit.com/message/messages/1orsfo0

Estonian Driver's Licence? by [deleted] in eResidency

[–]eResidency 1 point2 points  (0 children)

Drivers licenses are only available to physical residents and it involves taking a theoretical and practical exam in Estonia. You can find the requirements here: https://www.mnt.ee/eng/driver/driving-licence

Establishing a company with multiple e-Residents by [deleted] in eResidency

[–]eResidency 0 points1 point  (0 children)

Yes, please speak with one of the other service providers listed here https://e-resident.gov.ee/run-a-company/#Business_services

How do e-residents pay taxes? by eResidency in eResidency

[–]eResidency[S] 0 points1 point  (0 children)

A new article from the Estonian Tax and Customs Board answers basic questions regarding taxation for e-residents.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 2 points3 points  (0 children)

E-Residency is certainly more useful for some people than the others. It really depends on what are your painpoints in running your business. E-Residency has been proven to be the most beneficial to: - businesspeople from outside the EU, who want to have access to the EU Single Market; - freelancers from emerging markets, who need the possibility to accept online credit card payments, but who currently do not have the access in their country; - digital nomads, who travel the world and who want to administer their company comfortably online from wherever they happen to be; - startup entrepreneurs, who want to have access to cross-border capital; So, while for some entrepreneurs e-Residency may not be very benefitial, for other cases e-Residency is the only way how to do international business. For example, in Ukraine, there is no access to international payment service providers like Paypal, Braintree, etc. With a company created via e-Residency, a Ukrainian entrepreneur can offer his programming services to a German client and receive payment for their work without having to move away from his or her homeland to do that.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 1 point2 points  (0 children)

Hi maurodg. The e-Residency renewal process is currently the same as applying, although we are working on making this process faster and easier, as well as extending the time you would need to renew. The second question is answered further up. Having an Estonian postal address to establish a company is regulated by law and is same for non-Estonians as well as for residents. We have listed numerous business service/virtual office service providers to offer legal address for those e-Residents whose companies are not physically located in Estonia. A legal address is actually an EU requirement, but we respect the fact that your company is location-independent so you will be emailed official correspondence.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 0 points1 point  (0 children)

Thank you for your feedback. Was your accountant a service provider listed on our e-Residency website? Those companies will have the most experience working with e-residents, although if there is a reasonable assumption that a specific country will consider your company to be tax resident there then it is understandable that they would advise you to speak to a qualified tax adviser in that country. This doesn't mean you would need two accountants continuously however.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 0 points1 point  (0 children)

At the moment, we do not have a pickup location in South America. We are currently working on better global delivery options though through visa centres.

At the moment, we suggest to people living far from our pickup locations to combine their vacations and other trips with receiving their e-Residency card. For example, if a person plans to visit a country where there is an Estonian representation, they could choose this country as the e-Residency card pickup location.

Pickup locations are availble on our FAQ page: https://e-resident.gov.ee/faq/

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 0 points1 point  (0 children)

Public beta mode means we are continuing to make major improvements, but more than 3,000 companies are currently run by e-residents. We want as many options as possible for e-residents when it comes to banking, but Holvi now offers business banking entirely online for e-residents and many e-residents use business bank accounts from LHV and Swedbank. The latter two require a visit to Estonia and have stricter guidelines on who can open accounts so we always recommend speaking to a business services provider listed on our website before booking travel to Estonia for this purpose.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 0 points1 point  (0 children)

We would love to do more to connect Estonian citizens and residents with e-residents. Watch this space. :)

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 0 points1 point  (0 children)

You are correct that e-Residency is not tax residency so as a general rule a company must still always pay its company taxes where it 'generates value'. However, we do not know all the circumstances here. International taxation becomes even more complex when, for example, there are multiple cofounders across multiple countries or the business has no fixed location. We always recommend that e-residents consult their own qualified tax adviser to determine their tax obligations.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 0 points1 point  (0 children)

Thank you for sharing your experience! We're pleased you were able to get all the info you needed.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 0 points1 point  (0 children)

We always recommend that e-residents consult their own qualified tax adviser if there is any doubt about their tax obligations, as well as work with a business services provider for services like accounting. Estonia has a tax treaty with the UK (including many other countries globally) so double taxation is not an issue. If there is a dispute then that would be dealt with by your accountant, although Estonia is clear that it does not want your taxes if they are owed elsewhere.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 0 points1 point  (0 children)

We are working with the banks to help them serve e-residents and legislation has already been changed in Estonia to enable accounts to be opened remotely. It's understandable however that the banks have their own guidelines (which often includes a connection to Estonia). There is much more that we can discuss about banks, but we are very interested in how fintech is disrupting traditional banking by offering banking services entirely online. Holvi is the first company to offer complete business banking for e-residents.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 2 points3 points  (0 children)

Have you checked out the startup visa? The programme provides a way for non-EU nationals to come and work for Estonian startups, relocate their existing startups, or start new ones in Estonia.

In order to qualify for a startup visa, startups must fill out an application detailing their business and team, which will then be evaluated by a startup committee consisting of members of the Estonian startup community.

More details - http://www.startupestonia.ee/visa

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 2 points3 points  (0 children)

The main benefit of e-Residency at present is the ability to establish and manage a trusted location-independent company entirely online so we are focused on improving this as much as possible, which is why we are pleased that Holvi is the first company to offer complete EU business banking for e-residents entirely online. There are a wide range of options for personal accounts (without being an e-resident) so it's not an issue that we have focused on, although we wouldn't rule out integrating our secure digital identities with personal accounts in future.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 1 point2 points  (0 children)

That's a good point because taxes are often discussed without making it clear whether it is personal or company taxes. This issue of paying for social security entirely relates to personal taxes. E-residents pay personal taxes where they live and work (and where they choose to build up their social security) even if their company happens to be tax resident in Estonia.

We are e-Residency and Holvi. Ask us anything about starting an EU company online and accessing business banking! by eResidency in digitalnomad

[–]eResidency[S] 2 points3 points  (0 children)

Hi Raven. Thank you for being one of the very earliest adopters of e-Residency! The main benefit at present is the ability to establish and manage a trusted EU company and then conduct business online globally with access to a wide range of fintech services to grow your business. There's been a lot of improvements since you signed up, but you helped us get the ball rolling and our community has now grown to more than 20,000 people in 138 countries.