Using its knack for digital innovation to capitalise on the global explosion in e-commerce, the small cyber-savvy Baltic eurozone state became the first country to offer e-residency identification cards to people worldwide in 2014.
Touted as a “trans-national government-issued digital identity”, e-residency allows users to open a business in the EU and then run it remotely with the ability to declare taxes and sign documents digitally.
It does not provide citizenship, tax residency, physical residency or the right to travel to Estonia. Applications can be made online and cost €100.
Just over 22,000 people from 138 countries across the globe have become e-residents so far, including around 1,200 Brits and last year’s Brexit vote triggered a boom in applications from the UK.