About Estonia

The freest post-Soviet economy

On many occasions, when we hear of Eastern Europe, the first thought that comes to mind is the memory of the Soviet bloc that ruled the region with an iron fist during almost the entire 20th century. The communist model, exported by Russia to all its neighboring countries, left profound consequences in the region after its fall in 1991. 

But precisely many post-Soviet countries learned the hard way that statist policies simply don’t work. So, when everything goes wrong, you must develop new strategies in order to secure stability, keep the economy growing, and, in general, ensure a good investment and business environment. 

Countries such as Latvia, Lithuania, and Estonia who endured communism, took this pretty seriously, making a 180° turn in their way of conceiving the economy.

And the poster boy for this post-communist extreme makeover is Estonia. Always a relatively unknown country due to its difficult language, small size, and extreme location, its name quickly stopped being recognized as one of the smallest members of the Iron Curtain to one of the freest economies in the world with some of the best tax optimization opportunities available in the EU.

It is one of the most prolific and free countries in Europe and the entire world. It is a technology powerhouse developing an entire online infrastructure that is, simply, one of a kind. The most valuable resource of this is undoubtedly the E-Residence program. 

At present, this small country is one of the most balanced and free economies, making it open and friendly to foreign investors and entrepreneurs, according to several of the most renowned economic studies on the planet. A stable and profitable tax system, with 0% income tax for the company until it distributes profits and a good number of grants for new enterprises, made Estonia an absolute “must watch” when the time of planning your next investment comes. A lot of economic studies around the world recognize Estonian capacity to produce great profits and incomes out of the companies that put their trust in this small nation. 

And that’s why, in Mundo, we can help you with varied services in Estonia:

-We can help you incorporate a company, which can be an overall solid strategy for tax optimization.

-We can help you acquire a crypto license in Estonia, one of the most renowned crypto licensing jurisdictions and we can help you open a bank account in another EU jurisdiction or outside the EU for your crypto business.

-And, also, we can help you acquire the e-Residency in Estonia, which is one of the most sought-after jurisdictions for crypto entrepreneurs and IT startups.

Estonian E-Residency

Estonia is one of the most modern countries in the world in terms of the development of IT technologies. Since its return to independence back in 1991, this Eastern European country felt the need for deep modernization in every possible way. This little country managed to become what was labeled as a true economic miracle after the collapse of the Soviet Union. 

Estonia has a full commitment to IT technology and its development and is one of the most advanced countries in Europe in terms of modern IT projects. It is a crypto pioneer, having enacted one of the first crypto legislations worldwide. And, of course, it has one of the fastest internet connections in the world, one of the reasons why this little nation is the main target for several international tech companies and at the same time is the place of birth of important IT projects such as Skype. 

This country is a technological powerhouse, famous for developing an entire online infrastructure that is, simply, one of a kind. Estonia moved to a full online presence, allowing its citizens to access all kinds of state websites, services, and all the information they may need. Tax payments, company registration, and pretty much every other public administration activity can be conducted online and with much less bureaucracy than through traditional ways, something that is, without any doubt, inspiring. 

But this is only an introduction. If we want to know the crown jewel of the Estonian tech revolution, we have to know what has become one of the most ambitious residency programs in the world: the E-Residency or electronic residency. This program was born back in 2014 and, by April 2020, over 100,000 people around the world have already been registered as Estonian e-residents. 

Estonian Corporate Structures

The world is evolving. New technologies are rapidly gaining ground and finding use in various areas including business, where new technologies may provide considerable advantages. For businessmen, especially those who work online or in the IT sector, this article will be very helpful. Why? Because we will discuss an excellent opportunity to start a business in a respectable, stable, and transparent jurisdiction. Estonia is also friendly to foreign capital and provides a considerable tax-friendly environment for foreign investors, something that can be difficult to find in other EU countries. 

The country we will be talking about is Estonia. This little East European State is currently one of the most advantageous places to do business in the world. Since the beginning of the 21st century, Estonia has been relatively open to foreign investment and business in order to develop its own economy and create better conditions for its citizens.

Estonia is famous for its incredible online infrastructure called e-state (e-riik in Estonian). There is no similar system in the entire world, allowing Estonia to stand out among other larger countries. This country had put great effort into developing its telecommunications, IT sector, and infrastructure, and today we can enjoy the benefits of such an approach. Currently, the Estonian government structure has a full online presence, allowing its citizens to access the state agencies complying with information requests, paying for public services, and even filing taxes and updating company information. This can be done completely online. One of the key advantages of the whole system is that a person doesn’t need to be physically present in Estonia to access this infrastructure. This is a key element we will analyze to fully understand the advantages of this former Soviet country. 

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