The e-Residency Program is a type of virtual citizenship aimed at all those who want to undertake business in Estonia.

In fact, opening your own company is already a difficult task, now opening a company in Europe can seem even more complicated. However, with the Program it has become easier for citizens from different places to undertake business.

It is worth noting that Estonia is the first country to implement this type of citizenship. But, obviously, as it is a new model, it raises many questions for all foreigners in the country.

So, if you want to understand a little better how Estonia's e-Residency works and how you can open your own company, keep reading this text!

First, let's better understand what e-Residency is. So, basically, this is a virtual citizenship offered by Estonia to people from any country who want to undertake business. Thus, you become a virtual citizen.

But what does this mean? It means that you have access to the Estonian virtual world and can make investments and carry out work through the country's platforms as if you were a citizen.

However, with e-Residency you cannot, for example, live in Estonia. To do so, it would be necessary to obtain physical citizenship. Which is not so easy anymore.

So, for those who are in Brazil or Portugal and want to set up a virtual business in Estonia, this is the perfect chance. This way, you have the right to an identity and can then request a CNPJ from the country!

But, before you discover how to have your e-Residency, your virtual citizenship, it is interesting that you know more about the country that presents this unique opportunity for investment and entrepreneurship.

Thus, Estonia is a northeastern European country that is a member of the European Union! Furthermore, the country has just over 1 million inhabitants, which motivates this search for foreign professionals in the country.

Another important point is that practically all government bureaucracy in Estonia can be resolved virtually. In other words, there is no need to go to the locations in person.

In this way, the online environment is the same for Estonians and foreigners. So, the system can open up to everyone, since 2014! Furthermore, taxes in Estonia are very attractive, shall we see more?

Thus, the taxes charged in the country make the entire process easier for those who acquire virtual citizenship to undertake! So, with your Estonian company, you pay simple and very competitive rates.

For example, the only fee paid by your CNPJ will be 20% of the distributed capital. In other words, the profit that the company obtained. However, the money that is reinvested is not taxed.

Therefore, if you want to build and open a start-up, the e-Residency option is a great choice. This is because the more capital you reinvest, the more your company will grow.

On the other hand, hired employees must be Estonian citizens. It is not possible to hire foreigners who do not live in Estonia even if they have an e-Residency! In fact, this would be considered tax evasion.

Finally, let's understand better how you can obtain your virtual citizenship to start a business in Estonia? The entire process is very simple and takes place online!

Firstly, you need to collect your e-Residency! To do this, you just need to go to the program's website and follow the platform's instructions in English! Therefore, you need to have your passport with you.

It is with this document that you will fill out the form and send it to the government along with the sum of 190 euros. Then, after paying the fee, just wait for your card to be sent.

In fact, the shipping time is five to eight weeks. So, stay calm, your e-Residency arrives quickly. Furthermore, it is worth emphasizing that the delivery is only a virtual document!

Now, with your e-Residency in your hands, you can start entrepreneurship. To do this, you must register the company you intend to create with an Estonian CNPJ.

Therefore, you will need to fill out another virtual form, containing your e-Residency data! Then, you will need to pay a fee of 265 euros!

On the other hand, unlike the e-Residency application, the process of opening the local CNPJ is very quick. It takes approximately 30 minutes.

Furthermore, with your CNPJ and e-Residency in hand, you can now start undertaking and leveraging your company. Join the more than 100 thousand foreigners with virtual citizenship and start a business in Estonia! 

Well, did you see how quick and easy it is to start a business in Estonia through virtual citizenship? But, on the other hand, do you want to know about business opportunities in other countries? See how you can start a business in Portugal?

Did you know that for foreigners who want to work as independent professionals or become entrepreneurs, it is necessary to have a specific type of visa? In fact, a negative point is that this visa can be a bit bureaucratic to obtain.

But don't worry, we've prepared a complete post for you to answer all your questions about how this visa works, where you need to go, what you need to present on the day and a step-by-step guide on how to obtain it!

Furthermore, find out more exclusive information and start preparing to start a business in another country! The most important thing is to plan! So, click on the link below now and find out more!