An anonymous reader shares a report from Quartz, written by Estonian e-Resident April Rinne: In 2014, Estonia, a country previously known as much for its national singing revolution as anything else, became the first country in the world to launch an e-Residency program. Once admitted, e-Residents can conduct business worldwide as if they were from Estonia, which is a member of the EU. They are given government-issued digital IDs, can open Estonian bank and securities accounts, form and register Estonian companies, and have a front-row seat as nascent concepts of digital and virtual citizenship evolve. There is no requirement to have a physical presence in Estonia. […] Three years in, what I find most incredible about e-Residency is that it actually works.

E-Residency was appealing to me for several reasons (none of which include dodging the law, taxes, or other civic responsibilities). I have Finnish heritage and for many years was intrigued by Finland’s “smaller neighbor.” And, I’d just joined an Estonian startup as an advisor. Becoming an e-Resident would allow me to receive payment from clients in Euros from any company without worrying about currency fluctuations, and to own shares in the company (previously this would have required various administrative work-arounds). […] At a basic level, e-Residency makes working overall simpler and, ideally, more streamlined. This plays out in many ways, depending on the type of worker or organization. For example, many bona fide small- and mid-sized companies in other regions simply could not get access to European markets. The costs of entry and other requirements made it prohibitively cumbersome. E-Residency gives them a new avenue to do this; they still have to prove their merits, but the playing field is more level. For independent entrepreneurs, especially those working in different countries, Estonia makes the entire process of establishing and maintaining a small business easier, faster and more affordable. In my case, I’m able to transact, bank, and sign documents easily. I still maintain my U.S. presence — because a non-trivial amount of my portfolio is in the U.S., and I maintain a range of local commitments and community — but many of my fellow e-Residents have shifted their entire enterprise to Estonia. In conclusion, Rinne notes the imperfections of the residency: “multiple times I had to disable firewalls to get digital services to work, and the e-Residency team discovered a potential bug in late 2017 which led them to deactivate all ID cards until they could be updated through the internet.” All in all the experience has been “useful beyond measure,” Rinne writes. “It has enabled me to re-think not only how I work, but also the many ways in which the world of work itself is changing and emerging opportunities for the future.”

Read more of this story at Slashdot.

Source: Slashdot – One of Estonia’s First ‘e-Residents’ Explains What It Means To Have Digital Citizenship