em 6 de outubro de 2021

What is e-Residency: Estonia’s Virtual Residency

em 6 de outubro de 2021

It is easy to hear about Estonia and think about the possibility to have a virtual residence in Estonia, i.e. to be part of the e-Residency program. Well, but do you know what this means and who can apply? We have prepared this post to talk about this topic.

What is e-Residency?

Despite the name, it is very important to stress that e-Residency is not a residence visa which gives the right to live in Estonia.

The e-Residency was launched in 2014 by the Estonian government to be the first government program that allows you to start and generate a company within the European Union (more precisely in Estonia) in a 100% online way. This program may be exactly what you are looking for if you want or need to easily do businesses abroad.

And when we say 100% online, we do mean it. Those who are part of the e-Residency have access to the following benefits:

Establish an online Estonian company;
Manage the company from anywhere in the world;
Sign documents and contracts digitally, and check the authenticity of the signed documents;
Encrypt and transmit documents securely;
Carry out electronic and remote cash banking transactions;
Access payment service providers online;
File Estonian taxes online.

The program is growing year after year. More than 83,000 individuals have registered, and started more than 17,000 businesses in Estonia.

Brazil currently ranks 28^th in number of applications with 820, and 30^th in number of companies started with 136 – data as of August 2021.

Don’t forget that the program is open for applications by anyone all over the world, as long as you are not a citizen of Estonia or a resident of the country (because in this case you already have a digital ID issued by the government that entitles you to the benefits). You should also submit a motivation letter, through the country’s electronic services, clearly showing your reasonable interest in applying.

Got interested? Contact us for more information: martinscastro.pt/en/fale-conosco

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