What is e-residency? Digital Immigration?

 

What is an e-resident Program? Digital Migration? Countries Accepting e-residents

E-resident is the translation of e-Residency, which can also be translated as digital residents. The e-Residency Program, also known as the Virtual Residence Permit, provides a digital identity to start and manage an online company. Estonia was the first country to introduce the system on December 1, 2014.

In Estonia's e-resident program, e-resident applicants are given a smart card that provides access to services not available to non-residents.

E-Residency is a great option for independent services offered by freelancers, consultants, digital nomads and individual entrepreneurs.

 

How can I apply for e-residency programs?

You may apply for e-residency program online at the specified web portals of the specific country. You may also take expert help of agencies like barqat110 online.

Where to apply for help regarding any e-residency program?

You may apply to barqat110.com for e-residency program of any country where they help in the entire procedure perfectly and guide you will all the pros and cons along with what can be most beneficial for you and how to avoid pitfalls.

Where can I collect my e-residency card?

You may collect your e-residency card form pick up locations. You may apply for the pick up location nearest to you. Mostly these locations are embassies of the respective country.

What are the advantages of the e-resident program?

While the Internet has provided numerous opportunities for entrepreneurship, the e-Residency Permit project has taken it a step further. With it, anyone can create an online business without becoming a resident or citizen of the host country.

 

When you decide to become an e-resident, you will benefit in ways unimaginable ten years ago.

Starting an online company in Europe: If this is your dream, the e-Residency program will give you an opportunity.

 

Full Remote Access: Complete your day-to-day business operations from the comfort of your home, no matter where you physically live.

 

Paying taxes: Your electronic resident smart card can help you with expenses and taxes without having to travel to the country in person.

 

Banking/Online Payments: With a smart card, you can easily apply for online payment services and digital business banking.

 

What is Digital Verification?

The embassy only issues smart cards after a thorough investigation. 

You can use the issued card to digitally sign and verify documents.

 

Join a Community: You can expand your network and your business by connecting with the e-residents around you.

 

This project aims to benefit all digital nomads, freelancers, start-ups and entrepreneurs around the globe.

 

 

What do I need to apply for e-Residency?

The process of becoming an e-resident is relatively simple. So anyone who is genuinely interested can apply for one of these programs. 

Different projects have different requirements.

In Estonia, local police and border guards conduct background checks to verify the authenticity of applicants. No criminal record required.

 

Which countries accept e-residents?

Following Estonia, several countries have launched or plan to launch electronic residency schemes soon.

 

Estonian e-resident

Estonia provides a digital identity for entrepreneurs, digital nomads and freelancers from all over the world. With this transparent and legal electronic identity, anyone can easily use public electronic services and enter the EU business environment.

What are the advantages of Estonian e-Residency?

Estonian e-Residency has several advantages:

• Low maintenance and low start-up costs
• No tax on reinvested profits
• Transparent taxation
• low corruption
• Secure transactions with unique 2 PINs per transaction
• EU, OECD, NATO and Eurozone member states.
• Avoid currency fluctuations. Trade in Euros

When you get an Estonian electronic residence permit, you become a member of one of the most advanced digital societies in the world.

 

What is Lithuanian e-residency?

Lithuanian e-resident

Following in the footsteps of Estonia, Lithuania launched its own e-residency program in January 2021. Applications begin in June 2021.

This project is relatively new, but the content of most projects is expected to be similar to that of the other Baltic state Estonian e-Residency projects. 

What are the benefits of Lithuanian e-residency?

The benefits of Lithuanian e-residency are almost similar, such as the use of digital IDs to access public, administrative and commercial services: 

• Setting up an online company based in the EU
• Easy to pay taxes
• Enter the European business market
• access bank account
• The cost is lower than in Estonia

What is Ukranian e-residency?

Ukrainian e-resident

Ukraine has finally launched an e-residency program as well. Launched in July 2021, the program is expected to attract many freelancers, mostly IT specialists, into the country's e-residency ecosystem.

 

The main benefits of this program are:

• Remote Bank Account Opening
• Very low flat tax rate (5%)
• Professional help from English-speaking personal managers

 

Which Countries expected to launch e-residency programs? 

Countries expected to launch e-residency programs in near future:

In addition to Estonia and Lithuania, several countries are planning or are expected to launch their own e-residency programs soon. These include:

 

What is Portugal e-Residency Program?

Portugal e-resident

Another EU country planning to launch an e-residency program is Portugal. 

On March 9, 2020, the Portuguese government announced the e-Residency 2.0 program in advance. 

Information and legal documents are prepared in English and Portuguese.

 

The project will be similar to Estonia's planning structure and is expected to offer similar advantages: 

• Build an online company without becoming a taxpayer
• Access business and personal banking services
• Use the NHS
• pay tax
• sign the document
• Fewer bureaucratic hurdles

The main purpose of the Portuguese e-Residency Program is to attract more investors, entrepreneurs and investment projects and to open up business markets for Portugal and Portuguese-speaking Countries Markets (PALOP) such as Mozambique, Angola and Brazil.

What is Dubai e-Residency Program?

Dubai e-Resident

Dubai offers a one-year virtual work programme in October 2020. This gives beach lovers the opportunity to enjoy living in one of the safest places on earth. 

Recently, Dubai received the "Safe Travel" seal from the World Travel and Tourism Council (WTTC), further strengthening its "safe" status.

 

So, when you have a job in your country, you can work remotely in Dubai. All you need is proof of employment, a minimum wage of $5,000 per month, pay stubs, three months of bank statements and health insurance. 

As for Dubai's electronic residence permit, the news has not yet been announced.

 

What is South Africa e-Residency Scheme?

South Africa e-Resident

South Africa is the most developed country on the African continent and the second largest economy on the continent. 

The Estonian government is focusing on entrepreneurs and small business owners from South Africa through its popular e-residency program.

 

South Africa already offers residency by investment for immigrants, but now they should realize their potential as an investment-friendly country and launch their own e-residency program.

What is Brazil e-Residency Program? 

Brazil e-Resident

This digital project was originally launched by Estonia to provide such investment options in different parts of the world, and now they have their sights set on Brazil. 

The Estonian government announced the expansion plan in October 2020.

 

As the world's sixth-largest economy and fifth-largest country, Brazil is an investment haven for many businesses.

 

This is another Portuguese-speaking country market (PALOP) expected to offer electronic residence permits soon.

What is Singapore e-Residency program? 

Singapore e-Resident

Singapore, an East Asian country, is one of the richest countries in the world. Its financial and commercial facilities, infrastructure and public services attract some investors every year.

Allowing foreigners to obtain e-residency will only help promote foreign investment. This will benefit some people who want to start a business in Singapore but cannot obtain residency for one reason or another.

Singapore is also expected to launch its own e-Residency programme soon.

 

What is Thailand e-Residence Program?

Thailand e-Resident

Thailand is one of the favorite destinations for digital nomads and freelancers. However, there is a growing demand for Estonia's e-residency program as authorities express concern about these people working without a work permit.

 

What is Japan e-Residency Program?

Japan e-Resident

When Prime Minister Abe visited the Baltic countries in 2018, he agreed to start issuing tourist visas, giving people the right to work freely. 

In addition to Estonia's e-residency program, many Japanese also benefit from this program.

 

Therefore, the success of the Estonian e-Residency program has prompted Japan and many countries to consider launching e-Residency programs.

 

What is US e-Residency Program?

US e-Resident

Many digital nomads find the US to be one of the friendliest destinations, with plenty to do in their spare time while working. However, this can be a bit pricey.

The U.S., the strongest economy, should consider launching an e-residency program similar to Estonia and gain advantages that only Estonia currently has.

 

 

 What are some common problems of e-residency?

Not a real residence permit

The reason why it is said to be an electronic resident is because it is just an identity on the Internet, not a real one. In other words, when you obtain the electronic resident residency in a country, you cannot really live in that country, and you cannot live in that country. Used as a resident status of a country.

 

It is not possible to verify the account of the digital currency platform

We know that not all countries recognize that digital currency is legal, and when registering a digital currency trading platform, you must use ID documents to verify your account, such as passports, driver's licenses, etc. 

The cards obtained by electronic residents cannot be used as identity verification. 

 

How to make up for the deficiencies of the e-resident program?

It's a commonplace, of course, to prepare more travel or identity documents, that is, other countries' identity. 

The passport program is a better choice, because a brand new identity can be used to open an overseas account or company, and it also has visa-free access to more than 180 countries in Europe.

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