Setting up Business in EU is going to be cakewalk, here's why

Republic of Estonia has made history by becoming the first country to offer an E-residency programme.

E-residency is a transnational digital identity available to anyone in the world interested in administering a location-independent business online. This move means that anyone sitting in any part of India can establish an Estonian company online within a day and administer it remotely. With this, Estonia has become a preferred destination for businesses overnight.

This program is available to any business, start up or freelancer based in India. Under the programme, E-residents will be able to establish an Estonian company online within a day, administer the company from anywhere in the world, manage accounting records and declare Estonian taxes online, digitally sign and transmit documents and contracts, have access to international payment service providers and conduct e-banking and remote money transfer, all this from India. Anyone can apply for the programme by registering on the Estonian website, www.indiain.eu

The Estonian E-Residency programme in India has been launched in partnership with “The AntiAlias”, a digital marketing agency who would be responsible for all the promotions and marketing of the programme in India.

“In India, it has been proved time and again that good ideas spread the fastest by word of mouth.” “E-residency would be especially beneficial for companies which already have a base in Europe, but could save them time and money thanks to Estonia’s business-friendly bureaucracy and tax environment”, commented, The Estonian Government.

On this partnership, Shivam Sood, Co Founder of “The Antialias” agency said, “I think this is a great opportunity for all entrepreneurs and companies of all sizes to have a global presence for their business. The opportunity to start a business in the EU has immense benefits for anyone with a global mindset. ”

Estonia provides the perfect environment for companies to thrive. In Estonia, growth is incentivized with 0% corporate tax and low startup and maintenance costs which also helps attract investment. Moreover, since Estonia is an EU member state, a company established in Estony can maximise the benefits of the EU Single Market’s harmonized rules. Furthermore, latest study on eGovernment services in EU says that, Estonia is among the top countries in terms of digitisation and penetration of its e-government strategies in the society. The e- residency programme will give Indians access to all of those benefits.