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Comment by Bluestein

6 days ago

I professionally have been helping folks set up and maintain e-Residence and businesses, and all said here in the comments so far tracks: Estonia is absolutely unsurpassed qua administrative ease (this giving you a clear and lasting business advantage), the tax advantages are real, and the jurisdiction only gets better.-

Banking and being scrupulous on your personal taxes at your place of personal residence are issues, but nothing insurmountable, far from it.-

7 comments

Bluestein

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aerhardt  5 days ago

I've considered it as a Spanish resident, but don't you have to live six months there to be considered a fiscal resident? Are people regularly operating them from outside Estonia?

  • campbellmorgan  5 days ago

    (Not a tax professional so don't take my word for it) But I think you're talking about individual fiscal residency. A company you create can technically not be resident where you live so long as you can demonstrate that the principal activities of the company do not take place where you live. So with Spain, if a decent percent of your customers are Spanish and you're the only member of the company, then Spain would have reasonable recourse to consider the company Spanish and require you to register it there and pay Spanish corporate taxes. However, if you have say, 6 employees all over the world, your customers are not substantially Spanish etc then they have a lot harder job proving that the fiscal residency of the company is Spanish. In any case, there is always an outside chance that they could investigate you which is enough of a pain on its own, so may not be worth it!

    • ozim  5 days ago

      I was discussing similar topics with a lawyer once over some beers.

      Basically it would be best if you have no customers from Spain or country of your residence.

  • jnsaff2  4 days ago

    The "e" in eResidency does a lot of work. The scheme will not give you any residency rights or obligations in the physical sense. Just forming and running a company in the EU, including tax and banking systems that are aware of your non-resident status and making running a company easier.

    As others have said, it mostly makes sense for people outside of the EU. If you have personal residency in Spain then it is questionable whether the easier paperwork in Estonia will offset the need to do some paperwork in Spain as well.