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E-Residency Statistics from Estonia [2023]

E-Resident is an individual from a foreign country whose request for e-residency has been sanctioned by the Estonian Police and Border Guard Board, signifying the approval of an e-resident’s digital identity card. The status of an e-resident remains unaffected even after the expiration of the digital ID card

E-Residency Statistics
Design of e-Residency Card – Front Side

E-Residents Paid about 40M € Taxes

In the initial half of 2023, businesses owned by Estonian e-residents contributed 37.7 million euros in tax revenue, marking a 57% growth from the previous year. The e-Residency program has, to date, generated a total economic impact of 183 million euros for Estonia.   Start company in Estonia with few clicks.

109,000 E-Residents In 2024 💳

Estonia boasts over 109,000 e-residents, with more than 28,500 Estonian companies established by them. In November 2023 alone, there were 1,240 new e-residency applications and 362 new Estonian companies formed by e-residents. The e-Residency Marketplace features 130+ global service providers.

E-Residency Statistics
Source: https://www.e-resident.gov.ee/

TOP 10 e-Residency Countries

In terms of Estonian e-residency interest, 🇺🇦 Ukraine leads with 6,778 applications, followed closely by 🇩🇪 Germany with 6,499 and 🇫🇮 Finland with 6,037 applications. 🇷🇺 Russia and 🇪🇸 Spain also show significant interest, with 5,771 and 5,431 applications, respectively.  Open e-Residency company in Estonia.

E-Residency Statistics
Source: https://www.e-resident.gov.ee/

E-Residents Application 2014-2020

E-Residency Statistics

Companies launched by e-Residents 2014-2020

E-Residency Statistics

The Advantages of e-Residency Card 🇪🇪

 

E-Residency Statistics
Tallinn in Estonia – Aerial View

Have you ever thought about applying for an e-Residency card? Please read carefully this post and discover the advantages of the Estonian e-ID card. 💡

Imagine two scenarios: 🌍

Martin does not have an e-Residency card. He needs to travel to a notary public in Tallinn in order to incorporate an Estonian company as a holding company. He needs to visit the SWEDBANK branch and spend a lot of money on flights and accommodation. Robert is an e-Resident card holder. He can incorporate the company wholly online, remotely from home, and file statutory documents such as accounts, VAT returns, and others. It is essential to apply for an e-Residency card earlier due to waiting for approval by Police Border Guard. The statutory period for accepting your application is approximately 30 business days. ⏳ Martin will apply for a Trademark Registration soon.

Application for e-Residency Card in 5 steps 📝

  1. Fill out the application form and include a passport photo with the correct format and consistent with specifications. 📄
  2. Wait for a decision from the Police Border Guard in Estonia. 🚓
  3. Receive an email confirmation about the granting of your e-ID card then apply for a Virtual Office. 📧 from Eesti Consulting
  4. Travel to the local Estonian Embassy in your home country to pick up your document. 🌐
  5. Register a company in Estonia with Eesti Consulting and start the business soon. 💼

What Can You Do with e-Residency Card? 🌟

  1. Company formation in Estonia done fully remotely 🏢
  2. Conclude agreements between you and other counterparties. 🤝
  3. Connect and log in to the e-banking services securely with e-ID – do not be afraid of phishing attacks – stop hackers from taking over bank account🌍 Where to Pick Up e-Residency Card? 📦s. 🔒
  4. Fulfill statutory duties with the e-ID card – for example, submit Annual Reports in Estonia (Profit & Loss, Balance Sheet) to RIK or do VAT Registration or file VAT returns to EMTA. 📈

 

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