Estonia -- First Country to Offer e-Residency25-05-2015
e-Residency offers to every world citizen a government-issued digital identity and the opportunity to run a trusted company online, unleashing the world's entrepreneurial potential. It is especially useful for entrepreneurs and others who already have some relationship to Estonia, e.g., who do business, work, study, or visit the country.
The Republic of Estonia is the first country to offer e-Residency -- a transnational digital identity available to anyone in the world interested in administering a location-independent business online. e-Residency additionally enables secure and convenient digital services that facilitate credibility and trust online.
-- digitally sign documents and contracts;
-- verify the authenticity of signed documents;
-- encrypt and transmit documents securely;
-- establish an Estonian company online within a day. At the moment a physical address in Estonia is required, which may be obtained using an external service provider;
-- administer the company from anywhere in the world;
-- conduct e-banking and remote money transfers. Establishing an Estonian bank account currently requires one in-person meeting at the bank, and is at the sole discretion of our banking partners;
-- access online payment service providers;
-- declare Estonian taxes online. e-Residency does not automatically establish tax residency. To learn about taxation and to avoid double taxation please consult a tax professional.
All of these and more efficient and easy-to-use services have been available to Estonians for over a decade. By offering e-Residents the same services, Estonia is proudly pioneering the idea of a country without borders.
e-Residents receive a smart ID card which provides:
-- digital identification and authentication to secure services;
-- digital signing of documents;
-- digital verification of document authenticity;
-- document encryption;
-- e-Resident id-card
Digital signatures and authentication are legally equivalent to handwritten signatures and face-to-face identification in Estonia and between partners upon agreement anywhere around the world. The e-Resident ID card and services are built on state-of-the-art technological solutions, including 2048-bit public key encryption. The smart ID card contains a microchip with two security certificates: one for authentication, called PIN1, and another for digital signing, called PIN2. PIN1 is a minimum 4-digit number for authorization, PIN2 is a minimum 5-digit number for digital signature.
e-Residency does not confer citizenship, tax residency, residence or right of entry to Estonia or to the European Union. The e-Resident smart ID card is not a physical identification or a travel document, and does not display a photo.
Should you have any questions about Estonian e-Residency or need help, do not hesitate to contact AU Accounting: firstname.lastname@example.org | +372 57 494 232.
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