e-Residency Estonia – Tax Benefits, Online Business – Pros/Cons by Forge Mastery | Mar 29, 2019 | Business | 43 comments Benefits of using the e-residency program to set up a company in Estonia, save taxes & reduce paperwork. Especially suited for eCommerce & digital nomads! source Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window) Related 43 Comments Forge Mastery on March 29, 2019 at 10:32 pm Ready to start your e-Residency Online Business AND lower your taxes?http://www.forgemastery.com/go/e-residency-business/ Danny Raul Molina on March 29, 2019 at 10:32 pm 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. DimitryZub on March 29, 2019 at 10:32 pm 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 slider333666 on March 29, 2019 at 10:32 pm 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? Shehzad Mod on March 29, 2019 at 10:32 pm Nice good Sabir AbdulKader on March 29, 2019 at 10:32 pm Is it possible to transfer the profit amount from Estonia to back home bank account? Mindsub on March 29, 2019 at 10:32 pm LOL, I recognize your voice. I see you are expanding your EPIC empire. Good job man. Best of luck. Cali Hasan on March 29, 2019 at 10:32 pm Hi bro I'm Somalia guy how I get Visa in European please 00966502193029 Te Ap on March 29, 2019 at 10:32 pm 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! العمير بن صديقي on March 29, 2019 at 10:32 pm How can I get e-residensy card because my country didn't have any office? Please explain me adil QUERY on March 29, 2019 at 10:32 pm I did not understand what the monthly accounting fee means aamir sayeed on March 29, 2019 at 10:32 pm 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? Kashif Rangara29 on March 29, 2019 at 10:32 pm plz expalin me.i want.to.get e residency card Shrikant Raut on March 29, 2019 at 10:32 pm Can anybody get job as per e-residency in Estonia? Shailendra Sahani on March 29, 2019 at 10:32 pm What is process for work permit job in Estonia like cashier and hotel jobs Cs Denzy on March 29, 2019 at 10:32 pm Not to be that guy but your driver took a red light. Lol M I on March 29, 2019 at 10:32 pm 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! Chow Monkey on March 29, 2019 at 10:32 pm 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. Hassan Akhtar KK on March 29, 2019 at 10:32 pm What business you started in Estonia and how much did you proceed. Got services from any local company or partner P S on March 29, 2019 at 10:32 pm Forge Mastery can you tell me approximately how many days it will take to get Eresidency card in INDIA?? hamish nair on March 29, 2019 at 10:32 pm does this apply to cryptocurrency capital gains? c0r0y on March 29, 2019 at 10:32 pm What are the 92 € each month for? Gnzlz on March 29, 2019 at 10:32 pm 20% is a gigantic tax. Aj Saini on March 29, 2019 at 10:32 pm What is the name of the Tax service provider to set up account he mentioned "Lepin" or something @6:30can someone tell me the full name or even the website Thank You Gerassimos Fourlanos on March 29, 2019 at 10:32 pm 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…. dipanwita das on March 29, 2019 at 10:32 pm Does online trading consider as business or freelancing if I apply for e residency in Estonia? 上海anything on March 29, 2019 at 10:32 pm I want the English subtitles in your film，Can you give it to me hassen dr hammadi on March 29, 2019 at 10:32 pm hi very informative video,do i have to travel to estonia to open a bank account or it can be done remotely,thanks Xsmael The Best on March 29, 2019 at 10:32 pm 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 ? Alejandro Omana on March 29, 2019 at 10:32 pm 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! John doe on March 29, 2019 at 10:32 pm 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 Salaros on March 29, 2019 at 10:32 pm Could you please give us the link to the accounting service you mentioned in your video? Daddy Mayan on March 29, 2019 at 10:32 pm so i have online stores, mostly target Americans, so they will be overseas earnings right, hence no tax? geek4001 on March 29, 2019 at 10:32 pm 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? Motion Design Works and Quick tips on March 29, 2019 at 10:32 pm 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 Adam Geniusz on March 29, 2019 at 10:32 pm I am not sure but you might be able to use "Revolut" and their lowest exchange rates to exchange the USD to EUR. Adam Geniusz on March 29, 2019 at 10:32 pm 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? timtim2500 on March 29, 2019 at 10:32 pm HiCan 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 🙂 Helio Osvaldo on March 29, 2019 at 10:32 pm Very informative- great video Radu Cristian on March 29, 2019 at 10:32 pm 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 ? Kaden Pennington on March 29, 2019 at 10:32 pm 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? Abdullah Kassha on March 29, 2019 at 10:32 pm Thanks! Dano Volkovic on March 29, 2019 at 10:32 pm 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?