Comment by deltaci

2 years ago

Estonia is also a really good choice within EU. With their digital residency card, everything can be managed online with digital signatures only.

11 comments

deltaci

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SkyAndSand  2 years ago

I've heard lots of people talking about Estonia but can you name any international remote-first startup that became successful and raised money with an Estonian entity? I don't and this makes me somewhat suspicious :)

  • lukeqsee  2 years ago

    I don't know of remote-first companies, but I know of many Estonian companies that have raised a lot of money and been incredibly successful.

    To name a few:

        - Bolt
    - Wise (TransferWise)
    - Pipedrive

    I have a long history with e-Residency and know many e-Residents (e-Resident since 2015, 3 companies, member of EERICA.ee). Happy to chat about it. Email in bio.

    • mishaker  2 years ago

      I was e-resident too but had to become resident in Estonia. Cause if you are abroad and distribute yourself dividend (as a sole entrepreneur) your host country would consider your Estonian company local and thus it constitutes a permanent establishment and that becomes extremely complicated

      5 replies →

    • mishaker  2 years ago

      I second that. There are growing number of startups and increasing capital pouring into Estonia (hence the largest inflation rate in Europe) Wise and Bolt are good examples.

  • dybber  2 years ago

    Skype, maybe not remote first, but I think Skype have sort of paved the way/accellerated these efforts in Estonia. But it’s all just a guess…