13 Aug '17, 5am

Estonia's e-residency offers Brexit Brits a backdoor to Europe

Estonia's e-residency offers Brexit Brits a backdoor to Europe

As Brits brace for the upheaval that Brexit could bring, some are turning to Estonia's e-residency digital ID programme to keep doing business across the European Union. Using its knack for digital innovation to capitalise on the global explosion in e-commerce, the small cyber-savvy Baltic eurozone state became the first country to offer e-residency identification cards to people worldwide in 2014. Touted as a "trans-national government-issued digital identity", e-residency allows users to open a business in the EU and then run it remotely with the ability to declare taxes and sign documents digitally. It does not provide citizenship, tax residency, physical residency or the right to travel to Estonia. Applications can be made online via the www.howtostayin.eu website and cost 100 euros ($112). Just over 22,000 people from 138 countries across the globe have become e-resid...

Full article: https://sg.news.yahoo.com/estonia-e-residency-offers-brex...

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