Now you can become an EU e-resident for Rs8,620

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But don’t pack your bags just yet

You can now become an e-resident of Estonia.

You can now work remotely from the Baltic European Union country of Estonia. It just became the first country to offer e-residency to digital nomads, irrespective of where they may be physically based.

As the majority of us suddenly learn that we did not in fact need to waste our lives commuting to get to a common office location to work effectively with colleagues and be productive, gainfully-employed members of society, working remotely might actually be a trend that will stick around, hopefully longer than the virus does. And now for those who operate their own businesses that don’t require physical infrastructure, Estonia is offering an e-residency that allows you to set up operations in the EU country.

Located in northern Europe, with Finland to the north and Latvia to the south, Russia to the east and Sweden to the west, Estonia is opening itself up to people who would like to incorporate and grow their business in the EU. The residency is aimed at those who work online and may not be based in any one country or location for an extended period of time; freelancers; startups looking to set up operations in the EU; and other digital entrepreneurs working in finance, tech and marketing who would like a European presence. The country is expected to issue 1,800 e-residency permits every year.

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