Benefits of using the e-residency program to set up a company in Estonia, save taxes & reduce paperwork. Especially suited for eCommerce & digital nomads!
I read some articles saying that Estonian banks didn't want to open accounts for those who have the e-residency due to some money laundering case in the past. These articles said the the future of the e-residency program might be in jeopardy because of this. They even said that some banks closed steady opened bank accounts.
THANK YOU FOR THIS! Finally I found all in all description of all actions. And I thank you for you blog, it truly helps to put all the thoughts in my head
What if you have recidency and address in another European country and earn rental and investment income in that country. Can you run all that from the company and only pay the 20 procent tax or none if you reinvest the earnings from the company?
Hi, Thanks for the informative video. Are the 92€ that you mentioned only monthly banking fees? What about the estonian address of the LLC? Leap in website states a fee of 79€ per month which includes a bank account. Then why to have a separate bank account with LHV? Looking forward to your response. Thanks a ton!
Hi, I’m just about to register as a sole trader/freelancer (in the north of Ireland, which is actually still the UK), am I best advised to re-register a Ltd company, with an e-residence, at a later date?
Meaning: set up a new Ltd company in Estonia ‘only’, and cease trading as an individual in the UK?
But as I understand it, all I’m then required to do is inform the UK taxman of any income I decide to withdraw?
I applied for e-residency and will use leapin. How hard is it to get a bankaccount? Been reading you need Estonian business or have ties with Estonia. That would be a bummer.
What is the name of the Tax service provider to set up account he mentioned "Lepin" or something @6:30 can someone tell me the full name or even the website
All the mathematics about fees, taxation etc. are probably correct, but there are serious usability concerns. This card is simply a case of e-bureaucracy. I got one and it never worked (not compatible with this browser, not compatible with that computer and so it goes). Nobody can help or take responsibility, so I simply ended up donating a couple of hundred Euros to the Estonian economy. It is a fallacy to believe that once you digitise something all problems are solved, au contraire. In the case of Estonia I learned the hard way that behind a super modernised facade you deal with entrenched Soviet style bureaucratic attitudes. In the Soviet Union all services were user hostile, and so is the case with the Electronic Residence. – For sure, it is a clever marketing tool for the country….
You said that you cannot spend the money you earn for personnal use, whats the use then ? how will you get your profit that you make out of your business ?
Thank you for the useful information, i heard you do not need to personally go to estonia to establish the business entity and to open the account.. i noticed you went to estonia.. is it required? Thanks again!
Hi will it be possible to live in sweden and open an e-resedency in estonia and buy and buy and sell stocks and derivate and also take out the profit ? Is there a limit to the upside you mention this is good for small buiseness ? Thank You
Thank you very much for the great content ! One question : in term of hiring and having employees in the company is that possible with that remote company or you should only work with freelancers get an invoice at the end and add it as expense in accounting ? thanks again
First I want to thank you for the video and for responses you give to people. It really helps others. Thank you. Also there is one question that I can't find a clear answer for. Can you invest in cryptocurrencies without paying tax/withholding money? Did you hear about a person that actually managed to do this?
Hello, I have a question, if Leapin can open the bank account for you why did you go there personally… Is it better to open it yourself ? I mean is there a difference ?
Awesome string of videos! From a tax savings standpoint is it better to operate a foreign business in Estonia or to start a new company in Estonia and only use that company for the business done in Estonia?
Ready to start your e-Residency Online Business AND lower your taxes?
http://www.forgemastery.com/go/e-residency-business/
I read some articles saying that Estonian banks didn't want to open accounts for those who have the e-residency due to some money laundering case in the past. These articles said the the future of the e-residency program might be in jeopardy because of this. They even said that some banks closed steady opened bank accounts.
THANK YOU FOR THIS! Finally I found all in all description of all actions. And I thank you for you blog, it truly helps to put all the thoughts in my head
What if you have recidency and address in another European country and earn rental and investment income in that country. Can you run all that from the company and only pay the 20 procent tax or none if you reinvest the earnings from the company?
Nice good
Is it possible to transfer the profit amount from Estonia to back home bank account?
LOL, I recognize your voice. I see you are expanding your EPIC empire. Good job man. Best of luck.
Hi bro I'm Somalia guy how I get Visa in European please 00966502193029
Hi, Thanks for the informative video. Are the 92€ that you mentioned only monthly banking fees? What about the estonian address of the LLC? Leap in website states a fee of 79€ per month which includes a bank account. Then why to have a separate bank account with LHV? Looking forward to your response. Thanks a ton!
How can I get e-residensy card because my country didn't have any office? Please explain me
I did not understand what the monthly accounting fee means
Can we live in Estonia with this E- residency card? Do I need to apply for visa to travel to Estonia after getting the e residency as a indian?
plz expalin me.i want.to.get e residency card
Can anybody get job as per e-residency in Estonia?
What is process for work permit job in Estonia like cashier and hotel jobs
Not to be that guy but your driver took a red light. Lol
Hi, I’m just about to register as a sole trader/freelancer (in the north of Ireland, which is actually still the UK), am I best advised to re-register a Ltd company, with an e-residence, at a later date?
Meaning: set up a new Ltd company in Estonia ‘only’, and cease trading as an individual in the UK?
But as I understand it, all I’m then required to do is inform the UK taxman of any income I decide to withdraw?
Btw, do you have a Patreon subscription model?
Thanks for the great content man!
I applied for e-residency and will use leapin. How hard is it to get a bankaccount? Been reading you need Estonian business or have ties with Estonia. That would be a bummer.
What business you started in Estonia and how much did you proceed. Got services from any local company or partner
Forge Mastery can you tell me approximately how many days it will take to get Eresidency card in INDIA??
does this apply to cryptocurrency capital gains?
What are the 92 € each month for?
20% is a gigantic tax.
What is the name of the Tax service provider to set up account he mentioned "Lepin" or something
@6:30
can someone tell me the full name or even the website
Thank You
All the mathematics about fees, taxation etc. are probably correct, but there are serious usability concerns. This card is simply a case of e-bureaucracy. I got one and it never worked (not compatible with this browser, not compatible with that computer and so it goes). Nobody can help or take responsibility, so I simply ended up donating a couple of hundred Euros to the Estonian economy. It is a fallacy to believe that once you digitise something all problems are solved, au contraire. In the case of Estonia I learned the hard way that behind a super modernised facade you deal with entrenched Soviet style bureaucratic attitudes. In the Soviet Union all services were user hostile, and so is the case with the Electronic Residence. – For sure, it is a clever marketing tool for the country….
Does online trading consider as business or freelancing if I apply for e residency in Estonia?
I want the English subtitles in your film,Can you give it to me
hi very informative video,do i have to travel to estonia to open a bank account or it can be done remotely,thanks
You said that you cannot spend the money you earn for personnal use, whats the use then ? how will you get your profit that you make out of your business ?
Thank you for the useful information, i heard you do not need to personally go to estonia to establish the business entity and to open the account.. i noticed you went to estonia.. is it required? Thanks again!
Hi will it be possible to live in sweden and open an e-resedency in estonia and buy and buy and sell stocks and derivate and also take out the profit ? Is there a limit to the upside you mention this is good for small buiseness ? Thank You
Could you please give us the link to the accounting service you mentioned in your video?
so i have online stores, mostly target Americans, so they will be overseas earnings right, hence no tax?
I am from pakistan and i make income from amazon usa. Does that mean my earnings are exempted and i have to pay no tax?
Thank you very much for the great content !
One question : in term of hiring and having employees in the company is that possible with that remote company or you should only work with freelancers get an invoice at the end and add it as expense in accounting ? thanks again
I am not sure but you might be able to use "Revolut" and their lowest exchange rates to exchange the USD to EUR.
First I want to thank you for the video and for responses you give to people. It really helps others. Thank you. Also there is one question that I can't find a clear answer for. Can you invest in cryptocurrencies without paying tax/withholding money? Did you hear about a person that actually managed to do this?
Hi
Can you please write the bank name
& the name of the service provider you used for setup & accountancy (lippan?)
the 3rd company for transfers, was it transferwize?
I had problem hearing these names… if you can write them down for me, I would appreciate it.. Thanks a lot 🙂
Very informative- great video
Hello, I have a question, if Leapin can open the bank account for you why did you go there personally… Is it better to open it yourself ? I mean is there a difference ?
Awesome string of videos! From a tax savings standpoint is it better to operate a foreign business in Estonia or to start a new company in Estonia and only use that company for the business done in Estonia?
Thanks!
You said in the video that you can do everything from the confort of your home, why do u have to go to estonia then? Do u must go?