Kristin Korjus - Part 3

Advanced digital infrastructure The secret behind the success of the programme – and the very thing that made it possible – is the advanced digital infrastructure in Estonia.

They can also access Estonian government services for businesses. For example, we have an ID card that can be used for many things, including online voting and tax returns. With his own startup working on a government platform for e-Residency at the time, he was given a scholarship by the government to run the e-Residency idea as a government startup, rather than a private enterprise. This is important, because if people had to move to set up a business they might lose the security they have in their homeland.

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. E-residents create jobs and boost economy This is a concept not seen before, so the benefits that Estonia achieves will be closely watched by other countries. An e-Residency programme to help foreigners set up is gathering pace. “At this rate, in five years we will have more e-Residency companies than Estonian companies,” says Korjus. Kristin Korjus - Part 3. For example,  to work together on developing digital public services and to learn from the Baltic state’s advanced approach to public sector IT.

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. Veetoru lõhkes või külmkapp läks rikki?. It will also increase tourism, adds Korjus, as more people visit Estonia and increase the country’s connections with the rest of the world. “Estonia is quite well digitised. Every time a government service or banking service is accessed, this code is used. Korjus says administration costs can be very high in some countries, compared to Estonia, and entrepreneurs can spend large sums just legalising a company before they begin to do any business, which is risky. Estonia might be small, but it was seen as a digital trailblazer before the e-Residency programme was launched. The core technology that underpins the e-Residency programme is an advanced digital identity system in Estonia. “When e-residents are consuming our service, they need a business address and legal and tax consultancy. So we decided to try to become a borderless nation and see if there were any opportunities for us.” After the idea was floated by people within government, Korjus says a debate ensued. Korjus says it was this digital leadership status that sparked the idea within government. It means people from outside the EU can set up a business without having to leave the country where they live. Despite its early success, Korjus is more excited to see how the project will grow in the future. These are usually businesses with just a couple of employees that want to do business globally. Each e-resident, like physical residents, has an ID with a unique public and private code. This creates a new business ecosystem, which will create jobs and increase the taxes paid in Estonia,” he says. It provides non-Estonian citizens easy access to online government services and low-cost administration to set up an EU-registered company. Read more about Estonia The Baltic state is reportedly in in either country to protect citizens’ data from risk of hackers. It is all based on the existing Estonian data exchange and encryption infrastructure,” says Kojus. The e-Residency scheme gives them the opportunity to become a corporate, open a business bank account, get a payments service that accepts foreign currency payments, launch a website and digitally sign contracts and tax documents, from any location

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