e-Residency21.02.2017

Kaspar Korjus

digital name infrastructure+

apply.gov.ee100€

1. Incorporation and administration2. Bank account and credit card3. Online payment provider4. Automated accounting and taxes5. Legal and business guidance

LOCATION INDEPENDENT EU BUSINESS ENVIRONMENT

for Internet Entrepreneurs

Set up at home, work from anywhere

STARTUP ENTREPRENEUR

#Peace of mind while travelling

FREELANCER FROM AN EMERGING MARKET

#Accepting online credit

card payments

BUSINESSMAN OUTSIDE THE EU

#Export to the EU market

BUSINESSMAN IN THE EU

#Low admin with multipleEU members

#Access to cross-border

capital

DIGITAL NOMAD

17,000 e-residents

1,200 new companiesfrom 135 countries

  Country all applicants(17356) %

# of e-residents created new companies

(1418)1418 conversion

rate

1Finland 2760 15,9% 206 14,5% 7%2Ukraine 929 5,4% 149 10,5% 16%3Russia 1335 7,7% 128 9,0% 10%4Germany 840 4,8% 81 5,7% 10%5Italy 776 4,5% 71 5,0% 9%6UK 923 5,3% 55 3,9% 6%7Latvia 567 3,3% 53 3,7% 9%8France 536 3,1% 51 3,6% 10%9USA 1033 6,0% 45 3,2% 4%10Turkey 332 1,9% 44 3,1% 13%11Belarus 246 1,4% 33 2,3% 13%

12India 548 3,2% 32 2,3% 6%

Income to Estonia?

=362€/month

x1000 companiesx10,000 companies

X100,000 companiesX100m companies

= 4,3m€ / year= 43m€ / year

= 430m€ / year= 430b€ / year

Taxes; 165 €

Services; 85 €

Investments; 83 €

Business trips; 29 €

Monthly income per company

Business opportunities for international and Estonian companies: 1. Supporting e-residency companies (virtual office services, accounting, and legal/tax advice).2. Putting together a business package (Stripe Atlas, LeapIN, etc.).3. Selling your own services or products to e-residents (e-Residency Hotel).4. Building new services (e-voting platform, e-residency community, etc.).5. FinTech services can make use of strong AML/KYC (Know Your Customer) and access e-res 

data. 6. Blockchain services can become more legitimate through strong identities (e-notaries).7. Instead of hiring staff for short term projects, they can sell their services via an e-res 

company8. Turn shareholders and investors into e-residents for easier cross-border administration 9. Send encrypted data between entities with a high level of privacy (e.g. health test results)10. Estonian companies can use e-Residency brand in their export activities even if there is no 

direct relation to it

e-Residency: a digital nation for global citizens powered by the Republic of Estonia

INCLUSIVE LEGITIMATE TRANSPARENT EMPOWERING

Incorporation

Bank account

Credit card

Payment provider

Lending market

Crowdfunding

Funding

Climate

Engineers

Family

Incorporation

Bank account

Credit card

Payment provider

Lending market

Crowdfunding

1. Location independence2. Financial inclusion3. Empowered people

Funding

Climate

Engineers

Family

Country as a ServiceAPIs:

Incorporation Bank account Credit card Payment

provider Lending market Crowdfunding

Authentication Digital Signing Tax returns

Incorporation Company profile Personal profile

e-Residency: the country of everybody

@kasparkorjusapply.gov.ee