Is the online banking and online tax filling in english? How is the estonian gov to do buisness with? I wonder if its as good as its sounds

Thanks for all the information. I’ve been wondering about how this works for a while.

When I discussed foreign companies with my German tax consultants last year they told me that the German authorities do a legal fiction and treat a foreign company as if it was in Germany as long as I (officially) live in Germany. If I live in another country those authorities might treat the company as if it was there.

Is that what you guys mean with the additional cost?

Hello friedelio, my name is Reinis and last 8 years I have been working in management consulting area in Baltics. Since the e-residency is a big thing in Estonia, we are consulting customers from all over the world about this subject.
gilgildner is partially right about double taxation - it applies on level of personal taxation, therefore by definition you wouldn’t be able to avoid taxation in Germany, however, it is incorrect to state that there would be simply 20% more, because it always depends on double tax agreements between involved jurisdictions - in this case DTA between Estonia and Germany.

I wouldn’t agree that e-residency is a useless tool and even more - I wouldn’t agree that it is a useless tool for people from USA and / or Germany. However, it can’t be considered as tax evasion tool as well.

It always depends on type of your business. If you are working as a freelancer, then there are many benefits to obtain e-residency. Especially when you compare tax administration systems in Estonia and Germany. You would be surprised how easy and convenient it is to do all legal proceedings in Estonia.

If you set up your Estonian company in a right way and you are oriented on development of the business, then overall costs would be lower than business costs in Germany. If you wish to discuss this in private, then feel free to look me up on Linkedin or on facebook and I could tell you more about this depending on your specific business model.

You will get some varying responses to this, but I did some pretty extensive research on the e-residency possibility last year.

My opinion is that unless you are from outside the western banking world, Estonia E-residency is worthless and expensive. The single benefit it has is giving access to the EU banking system, which could be invaluable for a startup from Nigeria or Kazakhstan. Otherwise, it is simply another step in between you and your income, and it will end up costing you 20%.

For someone from Germany, or the US (like myself) it is literally just an extra tax. The accounting and business registration services are handy, but available almost anywhere else.

You can try kv.ee or city24.ee - these are the most common for long-term rent.

I have a Digital Nomad friendly guesthouse in Liepaja Latvia. Am I allowed to inform people of its name and website?

Hi!

I dont now what you like to do when you traveling but here iss my suggestian (similar to yours)

I should say two days in Stockholm (I like the Södermalm area) and than take the train to Gothenburg. The cheapest traincompany is MTR Express. Free Wifi, comfortable seets och almost new trains. Prize around 40 Euros.

2 days in Gothenburg who is the second biggest city in Sweden (population around 500 000). I really like the area Haga, where you can find nice vegetarian restaurants (Solrosen), second hand shops (Myrornas) and retro cafés (Soulstore).

2 days in Copenhagen. Take the train (Öresundståg or SJ) or take the cheapest alternative Bus (Flixbus or Nettbuss) for around 15-20 Euro. In Copenhagen i really love the Copenhagen Streetfood and Christiania is a very strange but unique place to visit.

2 days in Hamburg / Amsterdam

You could take the ferry to Helsinki, then the train to Turku, another ferry to Stockholm. Then fly from there or from Copenhagen. None of these are great DN destinations (Scandinavia is too expensive) but are all faily interesting to see, and this might be the cheapest route with multiple stops if you want to see more of Scandinavia. Flying from Tallinn to London is not easy or cheap, so good idea to look at other options. One other route I might suggest is Tallinn to Riga via bus (I did this – it’s easy and cheap), and fly from there. Spend some time in Riga – it’s awesome!