Estonia enjoys a reputation for being the most advanced nation in terms of technology when it comes to government. Some renowned magazines, like Wired, have also recognized the country as “the most advanced digital society in the world.”

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During recent times, the country’s legislative body, department of justice, education, healthcare, banking and those for voting and even taxes and policing, were digitized into a single platform under the e-Estonia project.

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Furthermore, the country is the first to introduce the e-Residency concept to the world. E-residency allows non-Estonian citizens to apply for citizenship with the Estonian government. It allows for them to be issued a digital identity card backed by the country’s government. Estonia company registration is made easy by e-residency card.

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During the last decade, Estonia has transformed into a technology hub, wherein dozens of successful startups have flourished.

One of the main reasons for this is the simple and reasonable tax environment. Tech entrepreneurs are charged zero tax on retained profits whereas a 20% tax is charged on the distributed ones. There is an ease of compliance as almost every filing can be done electronically using the e-residency card.

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When it comes to Blockchain, Estonia has the most affordable and simple licensing process for setting up your cryptocurrency exchange and be a cryptocurrency wallet service provider. Even while you are reading this piece, more than around 2000 licenses would already have been issued.

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New company registration and Estonia crypto license will cost 20 000EUR.

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Yes, no additional capitalization requirements!

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Also, due to low set-up costs and access to a broad range of payment options, Estonian companies are often the first choice for e-commerce and internet entrepreneurs. Other popular jurisdictions like Malta and Switzerland you are looking 100 000 - 200 000€ total setup fees.