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CCing | 8 years ago
It NOT GIVE a work permit in EU and of course not give a permission to travel in schengeng.
It's simply an ID card. The main difference is that: - Normally in other EU countries for have an ID card for services, you must live there, while with e-residency you can do have and do all the stuff remotely. - It's pretty useless, you can google it and see how had a lot of hype, but in real case uses, it's useless (example: yes you can open a company remotely, but if you don't live in estonia, is a mess with taxes...and having an e-residency, doesn't give you a valid visa for live+work there...so often you can't move to estonia to work, even if you have a company opened in estonia)
jaclaz|8 years ago
Pheew, I thought I was the only one with this opinion, given the hype there is about this thing all over the net.
To me the whole stuff seems a lot like the plans of the gnomes in South Park (but in five steps):
1) get an e-residency (please read as "pay us some little money")
2) establish an Estonia company (please read as "pay us some more money")
3) open a bank account in this or that bank (please read as "give our friends a little more money")
4) ?
5) Profit.
The only practical use I can see is to create a new sort of Double Irish:
https://en.wikipedia.org/wiki/Double_Irish_arrangement
but aimed to the single/poor instead of large corporations, but it has to be seen how the EU will take the idea ...
StavrosK|8 years ago