Estonian E-Citizenship

[PansPurse]

Curious whether anyone here has looked into becoming an Estonian E-Citizen. From what I've read it doesn't grant any right of residency or access to social services etc, but does allow people to open bank accounts and incorporate companies.

It sounds like something that could be useful although I'm a little sketchy on what those uses could be?

[SILVERFINGER]

I dont think I would want to open any bank accounts or have anything of value in that country  maybe Switzerland

[sixgun]

Funnily i was looking at that today in relation to getting a corporate paypal account in an EUR country.

https://medium.com/e-residency-blog/how-to-access-a-paypal-business-account-from-any-country-f5360419fed8

[caloundracats]

Seems Estonia is very tech advanced so lots of things are carried out electronically. I believe Transferwise are based in Estonia for example. Good to set up new e-business structures so they say for anywhere in the world.

[SILVERFINGER]

Be careful though I remember several councils having all their money in some foreign account and due to trouble in that country it all went Pete Tong.

[Martlet]

2 hours ago, SILVERFINGER said:

Be careful though I remember several councils having all their money in some foreign account and due to trouble in that country it all went Pete Tong.

That was Iceland and that was a case of "too good to be true", offering ridiculous interest rates like 7% or so without limits on deposits.  

[Xander]

35 minutes ago, Martlet said:

That was Iceland and that was a case of "too good to be true", offering ridiculous interest rates like 7% or so without limits on deposits.  

At least Iceland jailed their crooked bankers, here in the UK we reward them with taxpayers hard-earned cash.

[caloundracats]

Well UK justice is a bit of a joke. I think it's all to do with overcrowded prisons. And a lot of inmates don't have anglo-saxon/celtic blood running through their veins.