Ultimate list of e-Residency countries in 2022

Xolo
Written by Xolo
on July 04, 2022

With almost all aspects of our lives becoming digital, it is no surprise that you can apply for residency via the internet as well. In 2014, Estonia became the first country in the world to launch its e-Residency program. Since, many countries have followed suit and started their own e-Residency programs.

E-Residency, also known as a virtual residency, is a government-issued digital identity and status. The fundamental purpose of e-Residency is to provide individuals and entrepreneurs from different parts of the world access to that particular country's business environment without citizenship or the need to be there physically. Many e-Residency programs give successful applicants a smart card that allows them access to services that aren’t available to non-residents.

To know more about the benefits of e-Residency, read on! We also list the countries that allow you to become an E-Resident and state the eligibility criteria and costs involved.

    1. Estonian e-Residency
    2. Azerbaijan e-Residency
    3. Liberland e-Residency
    4. Portuguese e-Residency
    5. Lithuanian e-Residency
    6. Ukrainian e-Residency
    7. South African e-Residency
    8. Georgian e-Residency
    9. Brazilian e-Residency

 

What are the Benefits of e-Residency Programs?

Becoming an e-Resident can be very beneficial to you and your business. Listed below are only some of the many benefits of E-Residency:

1. Establish a company online 


With an e-Residency, you can set up, manage and run a company online. An online business offers many benefits, including cheaper start-up costs than physical businesses since you don’t need to pay for rent, often one of the biggest expenses. Besides this, it offers you access to global markets since you can sell to people from different countries (or even continents!) and minimal marketing costs since you typically only pay for people who visit your website. It also offers you more flexibility in terms of hiring employees. Since e-Residency allows you to start and establish a business in another country, you can easily start an online service-based business.

2. Manage your company from anywhere


An e-Residency can also help you run your business from the comfort of your couch or student hostels and Airbnbs. This affords you the opportunity to travel the world while yet earning some money to keep yourself afloat.

Since physical residency is not a requirement for e-Residency, you don’t have to move or travel to the country your business is established in. This is especially great for entrepreneurs from other countries who wish to sell in Europe but find it expensive to physically move here.

3. Digitally sign and verify signed documents


An e-Residency card is legally and internationally recognized. If you don’t have one, signing and authorizing documents can be tedious. However, with a digital ID that e-Residency provides you with, you can digitally sign and authenticate documents from anywhere in the world.

4. Declare corporate taxes online


Preparing corporate taxes is an essential part of any business. Due to its sensitive nature, the task can seem quite daunting. However, with an e-Residency program, you can declare and manage your tax returns digitally in a hassle-free manner. Additionally, most e-Residency programs offer excellent tax benefits to e-Residents.

Who benefits from e-Residency programs?

E-residency is perfect for business owners and entrepreneurs, especially those who wish to run location-independent businesses, freelancers, and digital nomads. It is also perfect for startups who are looking to expand to other markets.

Entrepreneurs: If you’re an entrepreneur, then applying for an e-Residency can provide you with many opportunities to expand your business and increase your revenue. For example, if you apply for an e-Residency program that gives you access to Europe’s digital ecosystem, you can leverage Europe’s entrepreneurial resources and market without having to physically move there.

Freelancers: Many freelancers often struggle with navigating business registration, deciding which legal framework to use, managing taxes, and handling payments from clients. By obtaining an e-Residency card, you can steer your way through all these challenges. You can legally register your business in the country of your e-Residence without having to move there. If you use a service provider like Xolo Leap, we help you manage all your tax compliances and legal frameworks.

Digital nomads: Digital nomads are always moving from place to place, making it difficult to manage an online business. Handling taxes and managing transactions can be especially challenging when they cross country borders. Like freelancers, applying for e-Residency can help digital nomads set up and run their businesses regardless of where they are. Additionally, if they apply for an e-Residency program offered by a member of the European Union, they get to enjoy the credibility and other advantages of having a firm registered in Europe.

Comparison of e-Residency Programs in 2022

With so many countries offering e-Residency programs, picking the right one that suits your needs and requirements can be daunting. To help you compare and make the best choice, we have compiled this guide that has everything you need. From requirements to cost to benefits and drawbacks to the application process, we’ve covered everything. Read on to understand the ins and outs of e-Residency programs offered by nine countries: Estonia, Azerbaijan, Liberland, Portugal, Lithuania, Ukraine, South Africa, Georgia, and Brazil. 

Countries with e-Residency

Estonia 

Azerbaijan

Liberland

Portugal

Lithuania 

Ukraine

South Africa

Georgia

Brazil

Fully online application

Yes

Yes

Yes

Yes

No

No

N/A

N/A

N/A

Cost of application

€120

85 AZN

$100

€90 - €299

€90

Free

N/A

N/A

N/A

Ease of doing business index

18

28

N/A

39

11

64

84

7

124

Dedicated e-Residency infrastructure

Yes

No

No

Yes

No

No

N/A

N/A

N/A

Access to Europe’s ecosystem

Yes

No

No

Yes

Yes

No

No

No

No

 

Countries that provide e-Residency in 2022

Estonian e-Residency

Estonia, a country in Northern Europe, is the pioneer of the e-Residency concept. Estonia’s e-Residency is based on a government-issued digital identity and status that gives you access to Estonia’s and Europe’s flexible and vibrant business environment. As an e-Resident, you’ll be able to register your company in the European Union and carry out business in a digital, paperless, and hassle-free manner. 

Moreover, you can become a part of the European economy without ever setting foot on the continent. With a simplified tax system that offers flat rates, low indirect taxes, and an open trade regime, becoming an e-Resident of Estonia is an excellent investment.

Read more: What is Estonian e-Residency and what are the benefits?

Pros and cons of Estonian e-Residency

Created to build a worldwide virtual business environment, the e-Residency program’s main advantage is its completely paperless nature. For freelancers and digital nomads, this means having the freedom to run a company, conduct banking transactions, digitally sign documents, and declare taxes without tedious paperwork. You don’t have to worry about traveling to Estonia to get an e-Residency, set up your business, maintain your accounts, or pay your taxes. 

Another advantage of obtaining an Estonian e-Residency is access to the country’s advanced digital infrastructure. Estonians have been using government-issued e-ID cards since 2002, ensuring the robustness of the digital infrastructure. Opting for the e-Residency has other benefits such as low maintenance and startup costs, transparent tax regimes, and minimal fluctuations in currency by using Euros. 

Estonia is 18th on the ease of doing business rankings and boasts of a high-income economy, making it an attractive business destination. Additionally, Estonia is a multilingual country with high English literacy, making completing administrative processes easy for foreigners.

A drawback of the e-Residency program is that applicants who wish to register their company must have an official address in Estonia and the law mandates that you have a local contact in the country. 

If you’re struggling to navigate the Estonian e-residency process, enlist in our Xolo Leap plan to get expert help with the legal and taxation system.

Requirements to Apply for Estonian e-Residency

To successfully apply for the Estonian e-Residency, you need to: 

  • Have an official address in the country and a local contact.
  • Follow the application procedure.

 

For the application process, you’ll need a copy of your government-issued ID, a passport-style digital photo, a motivation statement about your reasons for applying, and a Visa or MasterCard to pay for the application.

How to apply for an Estonian e-Residency?

You can fill out the application on the e-Residency application page, where you must create an account using your email ID. After making your account, you must upload your photograph and copy of your government ID and enter relevant details, including the motivation statement. The application process will take about 30 minutes to complete. Once you submit the application, the application is received and assessed by the Estonian Police and Border Guard Board. You will receive your digital ID and e-Residency kit if the application is approved. Check our detailed step guide to applying for Estonian e-Residency.

How much does it cost to apply for an Estonian e-Residency?

There is an application fee of €120, which can be paid using a Visa or MasterCard.

Launch your EU Solo Business with Estonian e-Residency

Estonia’s paperless format makes it one of the easiest places in the world to set up and maintain a digital business. Everything you need for your business, from licensing to finance to taxes, can be done online. With the Estonian e-Residency program, you can get your digital ID and start your business wherever you are; there’s no need to travel to Estonia.

Since Estonia is a part of the EU, the e-Residency gives you access to Europe’s thriving digital economy. Additionally, Estonia has a secure and tight digital infrastructure, a high average income, and ranks very high on the ease of doing business index, making Estonian e-Residency a lucrative investment.

If you wish to get an Estonian e-Residency, you should check out Xolo Leap! Starting from just €79 per month, we help you take care of all your taxes and compliances. What’s more? We will help you every step of the way, right from company registration to automating boring administration aspects.

Azerbaijan e-Residency

Azerbaijan is a transcontinental country located in Europe and Asia. In 2018, it became the second country in the world to offer e-Residency. Using all the cross-border e-services provided by the Azerbaijani Digital Trade Hub, the e-Residency (Electronic Residency) and m-Residency (Mobile Residency) initiatives enable entrepreneurs from around the world to establish and operate a location-independent firm in Azerbaijan. 

E-Residency and m-Residency have the same functions, apart from one difference: e-Residents have a chip-enabled identification card for authentication and signatures, while m-Residents have a special Asan İmza (mobile identification) SIM card.

Pros and cons of Azerbaijan’s e-Residency

The Azerbaijan e-Residency offers its holders many easy, fast, and reliable services. It lets you set up a business online and continue your operations while traveling. You can use the e-Residency to remotely access any online services in Azerbaijan, including business banking, online payment processors, and e-government services to submit taxes, register new employees, and sign papers electronically. 

Azerbaijan offers global entrepreneurs and companies great tax benefits, including a three-year complete tax exemption for businesses with a startup certificate. After three years, businesses must pay a five percent profit tax instead of the usual 20% customary corporate tax.

However, one of the biggest barriers to setting up a business in Azerbaijan’s digital economy is language. Azerbaijani is the official language, and Lezgian, Talysh, Avar, Russian, and Tat are also spoken. If you don’t have a working knowledge of any of these, it can be difficult to manage your business through the Azerbaijan e-Residency. 

Unlike other countries offering e-Residency, only a few hundred people have applied for Azerbaijan e-Residency or m-Residency, which is why there isn’t much information on how to set up and manage a digital business in Azerbaijan. So, as an entrepreneur, you may have to do substantial research and use the trial and error method to find out how to run your business best.

How to Apply for Azerbaijan e-Residency

To apply for the Azerbaijan e-Residency, you need to: 

  • Prepare all the necessary documents
  • Apply digitally via the online form and representative company

 

First, read through the document list needed to apply for an e-Residency or m-Residency and keep them ready. You can make the application yourself or through a representative. Then, you must fill out the online form, choose the service package per your requirements and pay the registration fee. The confirmation takes about a month, after which your e-Residency ID card will be issued. 

If you opt for m-Residency, you can select your Asan İmza SIM with a mobile certificate at the closest service center or through your representative. However, there isn’t much clarity on how these sim cards will function in other countries and if the individual will require an extra phone.

How much does it cost to apply for an Azerbaijan e-Residency?

The e-Residency or m-Residency costs 85 AZN (US$50).

The Azerbaijan e-Residency vs. The Estonian e-Residency

While The Republic of Azerbaijan and the European Union have maintained a positive relationship through the years, Azerbaijan does not provide its e-Residents or m-Residents access to the digital ecosystem of the EU. However, with Estonian e-Residency, you can directly benefit from being part of the European Union’s digital infrastructure. No matter your industry or business, Estonian e-Residency is cost-effective and remunerative. 

Additionally, Azerbaijan is an upper-middle-income economy compared to Estonia’s high-income economy. Azerbaijan ranks 28th on the ease of doing business index, whereas Estonia places ten spots above it.

Liberland e-Residency

Liberland, officially the Free Republic of Liberland, is a micronation between Croatia and Serbia. Since its establishment in 2015, Liberland has accepted more than 500,000 applications from individuals throughout the world for its citizenship platform. Most of these applicants are high-net-worth individuals, business owners, and investors who see Liberland as an opportunity to expand their already booming firms.

Liberland’s e-Residency allows you to identify yourself in-person and online at Liberland’s events and sign and authenticate documents online. It also gives access to Liberland’s encrypted communication facilities. With the e-Residency card, you can start a business in the micronation and manage your company virtually. The card also allows you to apply for citizenship in Liberland.

Investors widely use Liberland’s e-Residency worldwide to start online businesses in the state. Most of these businesses are in cryptomonics and trading, allowing for the country's economic growth. 

Pros and cons of Liberland e-Residency

Liberland’s e-Residency has many benefits. It allows you to represent yourself in person and online at Liberland events, authenticate and sign documents digitally, and access an encrypted communication service. The e-Residency card makes the process of applying for Liberland citizenship easier. 

As with any other e-Residency program, you can start and run your firm entirely online. Liberland has one of the best fiscal policies with zero compulsory taxes. Liberland’s e-Residency also gives you access to Apatin’s free trade zone so that you can keep your operating costs at a minimum. 

However, as Liberland is still a micronation with no legal or diplomatic recognition by world governments and international organizations, its e-Residency program doesn’t provide any living or travel benefits. Additionally, there isn’t any data to gauge the country's economic condition. 

Steps to Apply for Liberland e-Residency

To apply for the Liberland e-Residency, you need to: 

  • Provide proof of your ID or passport.
  • Provide other relevant information.
  • Fill out the application form.

 

The application process to apply for Liberland e-Residency is fairly simple. You need to provide identification or a passport for verification. Then, you need to complete the application paperwork for e-Residency. The officials will check your paperwork and contact you if they require further information. If your application is approved, you’ll receive your e-Residency identity card.

How much does it cost to apply for a Liberland e-Residency?

Liberland’s e-Residency program is priced at $100.

The Liberland e-Residency vs. The Estonian e-Residency 

Liberland is a young micronation, and its e-Residency program is not well established: its first e-Residency cards were issued in 2019 on the fourth anniversary of the state. On the other hand, Estonia’s program has been functioning since 2014. Liberland does not have many e-Residents, whereas Estonia has over 83,000 e-residents and 17,449 Estonian companies

While Liberland gives you access to Apatin’s free trade zone and boasts great deals for real estate, other organizations do not legally or diplomatically recognize the micronation. In contrast, organizations, including the EU, recognize Estonian e-Residency. 

The Estonian e-Residency program is tried and tested, making it the best option if you’re looking for a trustworthy and reliable e-Residency program.

Portuguese e-Residency

Portugal is a southern European country with a relatively free economy and abundant business opportunities. In 2020, Portugal announced an e-Residency program as part of the Nation Entrepreneurship Strategy to encourage investment, technology, and innovation.

Portugal’s e-residency program is similar to the Estonian one, allowing entrepreneurs to establish companies without being a resident of the country. As Portugal’s scheme is being modeled after Estonia’s, there are some similarities between the two programs. 

Pros and cons of Portuguese e-Residency

The Portuguese e-Residency gives its e-Residents access to personal and business banking services. The program also includes access to healthcare services.

In 2020, Portugal launched “The E-Residency 2.0 program”, which has four broad strategies:

  • E-Residency 2.0, a digital identity for those who wish to start or expand their companies into Portugal.
  • + CO3SO Digital Program, to help encourage innovation in primary and secondary sectors and tie-up between technology and traditional businesses.
  • Startup Hub, to keep track of the entire ecosystem, including data about startups, investors, venture capital funds, etc.
  • One-Stop-Shop, to launch new measures to get more foreign investors

 

The Portuguese e-Residency allows you to set up an online business in the European ecosystem, allowing businesses to set foot in the lucrative European market hassle-free. While all these measures will help e-Residents build and maintain their virtual businesses in Portugal, little information is available on the tax system for Portuguese e-Residents. Additionally, since the program was announced in 2020, it is still in its nascent stages.

Required Documents to Apply for Portuguese e-Residency

Here are some of the documents you need to apply for the Portuguese e-Residency program:

  • Proof of address
  • Scanned copy of passport 
  • Complete application 
  • Completed identity verification 

How to apply for a Portuguese e-Residency?

Applying for the Portuguese e-Residency involves completing the following steps: 

  • Prepare documents - scanned copy of passport and proof of address. 
  • Submit the application form and pay the fees. 
  • Complete identity verification. 
  • Sign a power of attorney.
  • Receive tax identification number.

How much does it cost to apply for a Portuguese e-Residency?

There is an application fee that varies between €90 and €299. 

The Portuguese e-Residency vs. The Estonian e-Residency

While both the programs offer almost the same benefits, the tax benefits that the Portuguese e-Residency program offers are ambiguous. The Estonian e-Residency program has a transparent and simplified tax system and better tax rates for businesses. 

Like Estonia, Portugal is also a high-income country. However, Estonia ranks much higher than Portugal in terms of ease of doing business.

Additionally, the Portuguese e-Residency can be more expensive than the Estonian e-Residency program without offering any extra facilities. Estonia's program is the way to go if you’re looking for a safer and better-established option.  

Lithuanian e-Residency

Lithuania, a Baltic country and member of the European Union, launched its e-Residency program in 2021. The e-Residency card allows foreigners to use the Republic of Lithuania's administrative, commercial, and public services. Once it is granted, the e-Residency is valid for three years. 

A high-income country, Lithuania is popular among business owners for its low taxes and convenient geographic location. Many have touted Lithuania as one of the fastest-growing fintech hubs in the post-Brexit world. 

Pros and cons of Lithuanian e-Residency

The Lithuanian e-Residency program can benefit those looking to establish their business in Europe. With the country taking the 11th spot in a global ranking of the ease of doing business index, Lithuania is popular with those looking to skip long-drawn administrative procedures and paperwork. 

Additionally, unlike other European countries, Lithuanian, Russian, Polish, and English are widely spoken in the country, reducing barriers you might face while carrying out administrative tasks.

However, there are some hurdles you will have to face while obtaining the Lithuanian e-Residency card. First, you must travel during both stages, the application and pick-up of your card, which can be cumbersome and expensive. Next, the Lithuanian e-residency program is still nascent, only giving you access to the government’s e-services portal. E-Residents cannot yet register companies or use Lithuania’s business banking account and tax system.

Eligibility to Apply for the Lithuanian e-Residency

To successfully apply for the Lithuanian e-Residency, you need to: 

  • Be 18 years or older.
  • Hold a valid travel document recognized by the Republic of Lithuania.
  • Submit your biometric information.

How to apply for the Lithuanian e-Residency? 

First, you must fill out your application on the Migration Information System and submit it to the Migration Department. Applicants outside the country must submit theirs through a chosen external service provider. After this, you must submit your valid passport and supporting documents and attend a physical appointment to provide biometric information.

Your application is subject to checks pertaining to national security and the prevention of money laundering before it is successful. 

How much does it cost to apply for a Lithuanian e-Residency?

Applying for Lithuania’s e-Residency costs €90 and can be paid via debit or credit card.

Lithuanian e-Residency vs. Estonian e-Residency 

While Lithuania’s e-Residency program is significantly cheaper and faster than Estonia’s, it offers limited services. With the Lithuanian e-Residency card, you are limited to using the government’s e-service portal and authorizing digital signatures. On the other hand, with an Estonian e-Residency, you can set up a company, manage it remotely, and declare taxes online.

With the Lithuanian program still in its infancy, the Estonian e-Residency fares far better for digital nomads and freelancers. Estonia’s well-established program gives you access to a dedicated team and infrastructure required to run businesses seamlessly. With 90,000 e-Residents already benefiting from the program, Estonia’s e-Residency still takes first place in terms of ease and advantages.

Ukrainian e-Residency

The Ukrainian e-Residency scheme allows foreign citizens to open and run a business without being in the country. It was primarily created for IT professionals and freelancers to formalize their business relationships and simplify contracts and operations. Ukraine launched its program in mid-2020 to attract entrepreneurs and encourage a borderless economy. 

Over the last few years, startups in Ukraine have made their mark globally by launching stellar products like Grammarly or Gitlab. The country is a growing ecosystem for digital nomads and freelancers, making it a viable option to consider for your e-Residency.

Pros and cons of the Ukrainian e-Residency

The Ukrainian e-Residency has its benefits and disadvantages. On the positive side, the Ukrainian government has created a simplified tax regime under which private entrepreneurs are taxed a flat five percent on their income. There are no other overheads or additional fees involved. Additionally, to make registration and usage of the program easier, the government has brought various tools that pre-fill your tax reports and give you access to a personal manager. 

Immediately after Russia’s invasion, Ukraine applied to become a part of the European Union, and its candidacy was approved, marking a major step toward its membership in the union. This would mean more opportunities and increased ease of business on the continent for businesses and professionals. 

However, Ukraine has a lower-middle-income economy, and it takes up the 64th spot in the ease of doing business ranking. Another major drawback of the Ukrainian e-Residency program is that it favors applicants from IT fields. If you’re a professional from any other field, your application might be rejected or take longer to approve. Moreover, English is not widely used in Ukraine, which might create barriers for you if you don’t speak Ukrainian or Russian.

Requirements for the Ukrainian e-Residency

To apply for the Ukrainian e-Residency, you need to: 

  • Pass a knowledge test.
  • Give proof of income.
  • Pass a background check.

How to apply for the Ukrainian e-Residency

The application procedure is simple and quick. You must follow these steps:

  • Apply and submit necessary documents via the official e-Residency website.
  • Wait for your application to be reviewed.
  • Visit the consulate of Ukraine to complete the identity verification process.  
  • Complete the procedure by getting your e-signature. 

 

Once you have your e-signature and Tax Identification Number, you can open bank accounts, register companies, and pay your e-Residency taxes. 

How much does it cost to apply for a Ukrainian e-Residency?

Applying for Ukraine’s e-Residency is currently free.

The Ukrainian e-Residency vs. The Estonian e-Residency 

Since the Ukrainian scheme mainly focuses on IT specialists, it is restrictive for people from other professions. Foreign entrepreneurs can run businesses in specific fields, including publishing computer games, computer programming activities, other information technology, computer service activities, or data processing and hosting activities.

In comparison, Estonia’s e-Residency lends a lot of freedom without imposing restrictions on the kind of businesses you would like to establish. Additionally, Estonia is already part of the European Union, while Ukraine might take years to become a full-fledged member of the EU.

South African e-Residency

South Africa is the southernmost country in the African continent, pronounced by many distinct ecosystems. As an upper-middle-income country, it makes a lucrative opportunity for businesses. It has the second-largest economy on the continent.

While little information is currently available about South Africa’s e-residency, the imminent strategy is said to launch the country as an investment-friendly country and give investors and entrepreneurs the chance to grow their businesses while adding to its economy.

Pros and cons of South Africa’s e-Residency

The South African e-residency program will allow you to establish an online business in the country without being physically present. With full-remote access, you can manage your business’ day-to-day operations from anywhere. The e-Residency program will allow you to pay your taxes virtually, and it is expected that the program will reduce costs by offering good tax benefits to investors. 

With the South African e-Residency, you will be able to apply for online payment and services, including digital business banking. With a digital card, you can authenticate and sign documents from the comfort of your home and carry out your business activities and transactions. The e-Residency program will help you connect and network with other international investors and entrepreneurs. 

However, since the program has not been officially launched, these are only the expectations, and more details are awaited. 

Requirements to Apply for South African e-Residency

As there hasn’t been an official announcement from the South African government, it is hard to say what requirements will be needed to apply for their e-Residency program. However, like other e-Residency programs, you will probably be asked to submit your identification, passport, and other necessary documents.

How to apply for a South African e-Residency? 

While there hasn’t been any information about the application process for the South African e-Residency, it’ll likely involve a straightforward procedure of filling out the application form and submitting valid documents. It is unclear whether you will have to travel to South Africa to pick up your e-Residency card.

How much does it cost to apply for a South African e-Residency?

While it might be cheaper than other e-Residency programs in Europe, there has been no official announcement about the fees.

The South African e-Residency vs. The Estonian e-Residency 

Since there isn’t much information available outlining the advantages and disadvantages of the South African e-Residency, it cannot be compared to the Estonian e-Residency at the moment. However, as the Estonian e-Residency is already well established, it makes sense for you to opt for it over a new e-Residency program. 

Moreover, Estonian e-Residency gives you full access to the European digital ecosystem and markets, something with South Africa cannot provide. Additionally, South Africa ranks 84th on the ease of doing business index, while Estonia ranks much better.

Georgian e-Residency

Georgia is a country at the intersection of Europe and Asia with an upper-middle-income economy. To encourage international investors and entrepreneurs to set up businesses in Georgia’s digital ecosystem, the government announced a proposal to launch an e-Residency program in October 2018. 

Like other e-Residency programs, this would allow non-residents to register, set up, and run a business in Georgia from wherever they are. It would also allow e-Residents to open bank accounts and conduct other administrative work.

Pros and cons of Georgian e-Residency

The Georgian government has not yet identified all the features of the e-Residency program. The announcements from the government stated that citizens from 34 countries would be allowed to register their businesses and open bank accounts without stepping foot in Georgia. The current preferential tax systems will be used for businesses, making it a lucrative option for investors and entrepreneurs. Eurofast is expected to monitor the developments regarding Georgia’s e-Residency closely. 

Requirements to apply for Georgian e-Residency

While the official announcement did not explicitly state the requirements for applying to the Georgian e-Residency program, it mentioned that only citizens from certain countries would be eligible to apply. Requirements will probably include a passport or other documentation to prove your citizenship along with other necessary documents.

How to apply for a Georgian e-Residency?

The requirements and process will be clear when the Georgian government announces the official application process. However, since the Georgian government has said that the e-Residents won’t have to travel to Georgia, the application process is expected to be fully digitized.

How much does it cost to apply for a Georgian e-Residency?

The Georgian government did not mention how much it would cost to apply for a Georgian e-Residency. Considering that the country is part of Europe, the application cost might be expensive.

The Georgian e-Residency vs. The Estonian e-Residency 

While Estonia is already part of the European Union, Georgia submitted a membership application in March 2022. In June 2022, while the European Commission accepted Georgia's eligibility, the official candidacy status was deferred. Once Georgia completes a set of reforms laid down by the Commission, its candidacy will be approved. This means that Georgian e-residents will not be able to participate in the EU economy for some time.

Moreover, since the Estonian e-Residency program is already established, it has a robust digital infrastructure that will be lucrative for your business venture. Additionally, with the Estonian e-Residency program already being used worldwide, your best bet is to apply for it instead of waiting for the Georgian government to announce its program and clarify the 34 eligible nationalities.

Brazilian e-Residency

Brazil is the sixth-largest economy and the fifth-largest country and is hailed as an investment paradise for many businesses. The country is anticipated to offer an e-Residency program soon that’ll prove lucrative for investors and entrepreneurs worldwide. It’ll give you an amazing opportunity to base yourself in South America and access its digital economy.

Pros and cons of Brazilian e-Residency

Brazil is an important gateway to making an economic mark in Latin America. When e-Residency in Brazil is announced, it’ll allow people to become part of Latin America’s economy and the international market without moving to Brazil. Since it will be the first country in South America to offer such a program, it will be a profitable opportunity for investors and entrepreneurs. 

Like other e-Residency programs, the program is expected to allow Brazilian e-Residents to authenticate and sign documents using government-issued ID cards and conduct online payments and digital banking. With an e-Residency, entrepreneurs will be able to handle the day-to-day activities of their business from the comfort of their homes.

Since there isn’t an official announcement outlining the features of the Brazilian e-Residency program, it is difficult to measure its advantages and disadvantages. Once the program comes into action, it can be analyzed to understand the benefits and drawbacks. 

Requirements to Apply for the Brazilian e-Residency

There is currently no official information regarding the requirements for the e-residency program.

How to apply for a Brazilian e-Residency? 

While no information about the application for Brazilian e-Residency has been released, it’ll probably be a straightforward, online process that you can complete from anywhere in the world.

How much does it cost to apply for a Brazilian e-Residency?

The fees for applying to the Brazilian e-residency have not been announced yet.

Brazilian e-Residency vs. Estonian e-Residency 

Since the details and launch date of the Brazilian e-residency have not been announced, 

it’s best to apply for an Estonian e-Residency. With a tried and tested digital infrastructure already in place, Estonian e-Residency gives you access to Europe’s ecosystem and market.

Become an Estonian e-Resident and Launch your Business-of-one

With so many countries offering e-residency options, there is much to consider before deciding the most suitable one for you. While most e-Residency programs have a similar purpose – giving individuals worldwide access to their business environment digitally – there are some differences in how they work and the services they offer. You should also research the country’s market to decide which one fits your business best. 

E-Residency programs are a great way to start or expand your business and join a network of other e-residents. We hope our guide has helped you choose an e-Residency program based on your needs and preferences. 

If you're considering to become an Estonian e-resident, here are some of its benefits you'll enjoy when being a digital e-resident: 

  • Estonian e-Residency program’s digital ID allows digital signatures and banking transactions. 
  • The country built the first paperless government and a robust digital infrastructure.
  • Does not require travel to Estonia (before or after making an e-Residency card).
  • You can set up and manage your business from anywhere in the world.
  • Full access to Europe’s digital ecosystem and market.
  • Estonia ranks 18th on the ease of doing business index.
  • The e-Residency program is priced at a one-time fee of €120 with a great return on investment.
  • Simplified tax system and flat rates.
  • A network of over 83,000 e-Residents.

 

If you’re looking to apply for an e-Residency, then Estonian e-Residency is your best bet. With an Estonian digital ID, you can base your business and finances in the country and access the European market from the comfort of your home. 

After becoming an e-Resident of Estonia, you may want to register your business. However, the law makes it compulsory that you need to have a local contact in the country who can help you navigate the Estonian legal and taxation system. 

Our Xolo Leap plan will simplify starting a digital business in Estonia by familiarizing you with local and legal compliance, accounting, and taxes. We can help you set up and run your fully remote business in 2-3 days. So what are you waiting for? Get started today!