Hi all. I’m the bloke in the video from the e-Residency programme with the British accent and the beard. Ask me anything. (I'll return about once per day and try to answer everything)
I still don’t grasp the point of the thing...a lot of words used in the video but it doesn’t actually tell you what are your advantages. You can’t access any benefit unless you are a resident, it doesn’t allow residency nor citizenship. You can set up a business in Estonia but you don’t speak of the headache it can create...you must have reporting requirements under the EU for that remote company who also have reporting requirements in the country it’s operating in. So is it a chance to have an EU bank account then? I doubt as there are rules around that. So what am I paying €100 for?
I've actually been considering going on vacation in Estonia for a while, however, I have been hesitant as I am not sure how easy it is to get around with only English. Should I brush up on Estonian, Russian, etc. or will I be fine and can communicate with people there in English just as easily?
Pretty much, according to 2018 statistics, there were around 150k companies with at least 1 employee and over 3 million shell companies so over twice as many as there are people. Only around 10% of those are owned by foreigners though so I'm assuming this has more to do with the ease of setting up a company. Takes around 5 minutes and is free just to set it up, costs €190 if you actually want to do business with it and additional €2500 once your yearly revenue exceeds €200k.
Great Video, Got my e-residency, 12 months ago. I may be loosing my EU Citizenship, but will still be able to hold on to a small sliver of what I am proud to be, European until the day I die.
To summarise: it doesn't allow you to escape Brexit, only give you access to online services and business in the EU. I'm assuming you forgot to put the words "Does it allow you" plus a question mark in the title? Otherwise this is a misleading title and content.
It does help you escape Brexit to a certain amount though. Business can have access to Estonia and thus the EU, which is basically escaping the financial aspect of Brexit.
@@joewhite2051 at a cost - Double accounting, double compliance. It is doable, if you know the right information OR have the right TAXADVISER. But they omit this information all together. Not sure if on purpose or they are oblivious. Both are bad.
TL:DR, Please don't fall into the regular clickbait scheme, you're well aware that this isn't 'escaping' Brexit. You're a reliable source of unbiased information, Please change the title.
Pretty cool to see Estonia making leaps like this in the IT space. I've heard a lot about that country rapidly advancing in these key ways beyond the big players like the USA or EU generally. Very interesting.
As a writer and a US citizen, thanks you! After watching this I found that publishing through Estonia for the central EU markets is a happening idea, and getting bigger- printing in several or more languages there seems easier than doing so in the US because of benefits of being part of the e-residency! Thanks guys, keep up the good work!
TLDRNews, Are you intentionally avoiding to talk about how you would pay your private taxes in the UK and how you will get your taxes paid in Estonia recognized in the UK? Or you are willing to get double taxed? I am e-resident, I support the positive aspects of the program, it has tons of them. Happy to talk about them in length, if you want to! But the e-residency PR regarding BREXIT was very misleading to UK citizens. You actually need to start studying law or start paying tax adviser skilled in Double Taxation Avoidance Treaties. Also do not forget to have compliance in both the UK and Estonia ! Most Estonian e-residency accounting firms do not offer compliance for your country of residency, how to properly account the income from your company as private citizen in your country of residence. They just refer you to the web page of the Estonian tax office and you have to deal with the problems on your own.
I like your videos - but you should buy some small clip-on microphones or smt. The sound quality varies too much. Also - the flag of Estonia is actually in the order of blue-black-white (I'm referring to the flag at 10:00 ). I.e the colours of the flag are in the incorrect order.
This was a really good explanation of the e-residency scheme, which I’d heard of but didn’t know much about. What an amazingly innovative and forward-thinking idea by the Estonian government! Very interesting to hear about the knock-on effects for Estonia, including the services supply-chain and tourism. (Oh, and nice to put faces to the voice-overs👍).
How is it "TL;DR news" if the first 30 seconds is just random pics from Estonia, and the entire 13,5 min video can be summarised in the comments in one sentence?
I'm an e-resident in that program. Be aware that Estonia charges business owners a social security contribution even though the owner does not reside in Estonia at all, also business owner must have a legal representative address in Estonia, which is capitalised by locals who provide it as s service to non residents.
Brexit This is both brilliant and deeply sad. Because of brexit, the UK will begin losing its own youth, who overwhelmingly voted against brexit. UK citizenship used to also include full European citizenship. Now UK youth who also want to be Europeans will start getting their European benefits and identities piecemeal directly from other nations and corporations. Politicians of all nations have a hard enough time engaging youth as it is. If UK youth are forced to circumvent their own leaders to participate in the Europe, UK leadership will lose the respect and engagement of their own youth forever. UK youth will grow up disenfranchised from and disinterested in their own UK citizenship. Sad. It’s not too late for UK leadership to turn away from this unnecessary, self-imposed tragedy. If they don’t, UK youth will grow up without much appreciation and emotional investment in their UK citizenship. Sad. Very sad.
IIRC Skype started up in Estonia with Swedish money, moved to Luxembourg and then it took off, Spotify started in Sweden then it moved its corporate HQ to London and then it took off. Atlassian started in Sydney, has offices in EU, India, USA, Japan - still HQd in Sydney with a market cap of $4b+ My point being that entrepreneurial success is about the people not the location.
Nice I remember that the card reader for the new German ID card costs like 100€ so no one buys it to access the few online functions that would be available
In Belgium you can use any generic reader for your ID card. Costs maybe 10 to 15 €. Among its more useful functions is access to your online tax form, which now is already completed. You only have to check and agree if everything is correct.
@@cocteaupvssylice Thanks for that information. Is that also true of the other Baltic States? After hearing their PM speak, I believe Finland is also progressive; They just don't seem to get as much attention as the Scandinavians!
TheShreester I don’t know much but I’m generally interested in archaeology and migration. As far as I understand, some Baltic people, like Estonians and maybe Latvians? Are Uralic like Finns and migrated long time ago from the Uralic mountains. Whereas Lithuanians I believe we’re native Baltic tribes. But Estonian language is close to Finnish, and Latvian and Lithuanian are closely intelligible. Since the end of Soviet Union, all Baltic states have been very progressive (look up Singing Revolution) and especially Estonia has been booming these years
@@cocteaupvssylice: I don't think Latvian or Lithuanian is anywhere near intelligible with Estonian. Latvian and Lithuanian are Indo-European languages meaning they are more closely related to English (or Swedish) than Estonian (which is Uralic as you mentioned).
"It is not a travel ID. It doesn't give you citizenship; or the right to physically live in Estonia or EU." "But gives you access to our entire country [Estonia] online". Amazing. Absolutely deceitful and clickbait title, with completely biased implication. Try and actually be informative and unbiased like you claim to.
Let’s have British e-residency? Charge a £100 and hand out a card that in reality gets you nothing. Or am I missing a very good point here? Sinjoro Spekisto I did try to respond to your post but the video was taken down for some reason. Sorry.
I read that even though you can get an e-residency easily, it was a pain in the butt opening a bank account there with this e-residency. Is that true? I heard that banks are not only refusing to open accounts but they are also closing already opened accounts.
My colleague has Estonian e-Recidency. He got it to put up a company. That's because in Estonia companies don't pay income tax until the money is taken out of the firm. That's convenient if income fluctuates a lot from year to year.
We have an electronic ID with a digital signature in Spain now as well for years. Works in a very similar way. What is interesting is that Estonia offers company to run business online there even if they are not registered/based there, which is very smart, as they will get their taxes.
The Estonian online infrastructure has been coming under increasing attack from Russia, which holds a great enmity toward Estonia. There is also a lot of disinformation from Russia targeting Estonia, and some concern that Russia might pull another Ukraine-type invasion of Estonia (ostensibly to "liberate" the 25% Russian speaking minority). However, Estonia is a member of NATO, (assuming that still counts for something) and hosts a multi-nation battalion battle group, which is a significant deterrent to further Russian aggression. I wonder if Estonian e-Residency could be used to bypass U.S. sanctions (e.g. Iran setting up an Estonian company in order to access the U.S. financial network.)
You guys had a great reputation before you started being overdramatic and clickbaity. Don't lose it! Good things come in time - don't try and force them.
You’ll need to appoint your own administrator, but I’ve seen this service offered for as low as 200 euros which is very fair. It’s important to have a proper process for winding up companies because that protects the integrity of the entire business environment for all companies registered there. This high level of trust is the reason we can do business through Estonia so easily with the world.
It costs literally 160 euros state fees to set up a company which allows you already open bank accounts and what not. And later you need to pay 2500 euros worth of stuff to base capital (it doesn't have to be money it can be equipment that has the same value)
This may not be the perfect solution but what I sometimes do is I skip right to the adverts and go through them all. Once you've watched them, they "disappear" if you know what I mean. Then I can go back to the very beginning and watch through the entire video without interruptions! :-)
X This is an idea that one of our own e-residents came up with. Guy Kawasaki was Apple's Chief Evangelist and thinks it's a role that tech startups need to have. So my boss wanted to give me the title in tribute to him, but also to reflect the fact that e-Residency is a tech startup and we shouldn't lose that disruptive and customer-focused way of thinking just because we work in government. In reality, we have a very flat team where everyone pitches in to develop the programme and no one takes themselves too seriously even if they have a title that sounds nice. :)
As Brexiteer l could simply never live in a country where they mostly seem to speak gibberish. Thank god that there are obviously a few that know know English or l don't know how they'd ever get anything done.
@@CarbonFiberSpoon The queen is a German who came here and stole the job from one of our proper English queens. Bloody immigrants! Go and do your queening back in Germany!
This is an amazing video TLDR! Brilliant production value and extremely informative. I'm gonna tweet this out though I don't have many followers so I can't really help much. You guys definitely deserve to get a profit off of this video. Tad cheaty with the title though.
I assume this question might be covered in another video but...if as a e-resident you can start an EU company but it run in your home country, wouldn’t that mean you now have issues with a double tax position? As an EU company wouldn’t you have reporting requirements in the EU? We know you will have reporting requirements in your local country. So what is it really offering? A bank account? It still doesn’t make sense.
2:52 Why do have to give your fingerprints for a chip/pin e-signature card just in order to do business? It's not a passport document and you've not committed a crime either. That actually makes the e-residency uninteresting for me as I don't want to give fingerprints to countries and their institutional databases that might leak someday and providing a risk to my identity wherever I can.
basti0007 Many countries on the world, amongst them developed ones, require travelers to register fingerprints at the points of entry, it’s almost inevitable nowadays. Your concern is pointless.
It seems you do not really understand how travel works for Schengen... a) My country is a Schengen member, so no border checks (or fingerprints) at 26 member states within this treaty. b) Because of special treaties, I also do not need to give fingerprints at Non-Schengen EU members like the UK (at least as long as they don't leave and it seems it won't change after Brexit as well. If it will, I have even less reasons to go there) c) EU schengen members also don't need visas for 20 additional other non-EU countries like Turkey, Mexico etc. I perfectly travelled to Turkey even without my passport and thus without fingerprints stolen from it. d) As a Schengen member, I also don't need fingerprints for a lot of other countries, that have visa-waivers or eVisitor programs for the EU-Schengen area, like Australia. While Non-Schengen members' fingerprints are collected, Schengen ones are not. e) Most of all the other countries don't take fingerprints. Just returned from Russia perfectly fine without any problems with that. I've also been perfectly able to travel through many countries in South-East Asia or Africa without fingerprinting. Again: How do you come to the conclusion I'm not able to travel abroad? I know that Non-Schengen members sometimes just don't understand how traveling within Schengen even works (which means borderless, I've even travelled without any ID from Germany to Paris and Netherland and back by airplane because I forgot it at home and never been checked once for it), but a comment that travelling without giving fingerprints is not possible is even more nonsense or shows being brainwashed to accept Orwellian behaviour without questioning it. For a Schengen member, passports became more and more unimportant for travel even outside of the EU, because they did a good job in making travelling for Schengeners as easy as possible. This leaves some small countries (like Tanzania) and the three big ones (US, China and Japan). I really don't need to go there for the moment. Again: This is an e-residency. Why do they need fingerprints? I wouldn't say something if this would even be a valid passport. This is just a card to securely signature a document, like most countries have. The only difference being, that Estonia has just EVERYTHING online which no other country managed to do so far. I can get my e-signature card or ID card here including the necessary USB reader perfectly fine without fingerprinting. I'm aware the EU will change this for all member states in the future (unfortunately), but that does not mean, we should not see useless collection of biometrics very critical. Here, I just don't see any reason why I should give my fingerprints. :)
Does it give you access to EU single market? So far, seems like it will help people from a country without online infrastructure. But UK has strong online infrastructure, so what benefit does it have?
Correct me if I'm wrong but it seems this has no legal weight and to me looks to have limited to no uses. When he says 'I can do anything online' what exactly does this card give you access to that any other form of valid I.d currently wouldn't, I appreciate I am likely missing the point but could anyone tell me what it is?
This card is recognised as highest security standards in world. You need to be hacking 20- 60 years with quantum computer If you want to steal someones ID. Its more easyer to steal paper documents.
@@rapator9270 So its a secure ID but doesn't have an actual purpose other than to identify who you are? So it does nothing any other form of ID already does assuming it is accepted as a form of id but is just harder to steal?
@@samwoodward4794 Its digital signature also what is same valid as regular. So you can run business, sign documents, check your data, vote ( obviosly you cant 😁) where ever you are. Some countrys now have also signature, but dont have good IT infrastructure yet. Finland adobting right now blockchain platvorm what is called X- Road. Latvians have that digital signature now, but missing secure platvorm and few services online.
Mikk Nigol So yes it's just another ID card with a digital counterpart, what does this allow a British Citizen to do any other ID doesn't? Other than it is presumably easier to use in some instances.
This is for businesses who want to have access to the eu market without issues. You can do this as well if you live in another eu country and want to escape a crappy tax system.
Plus of course, if that E-residents starts a company registered in Estonia to take advantage of being inside EU jurisdiction..... The resident may not be liable for personal taxes in not being a tax resident, BUT the company (since it home nation is Estonia) is liable for Estonian business taxes and business fees. Plus as said most likely the company even if remote needs some supporting services. Registered in estonia? Most likely means certified Estonian accountant to do the books and various similar things that require employing someone in Estonia for the company. Whose salaries are taxed also in Estonia. and so on and so on.
... well, duh? Online services need to be financed, too. Besides, I appreciate a small country finding a way to earn its own money and move up in the world.
Great film, looking forward to the others! You can use your Eesti ID. card for other things, a lot of shops use your ID. card fir discount schemes etc. Once you have an Estonian ID (possibly an e-card) you can register an Estonian mobile number and use the Mobile ID system, that’s pretty handy for banking etc Also means you don’t need the card reader. Digital signatures are great, the UK is some way behind for this and online security. Sadly the UK Govt cancelled its ID cards scheme!
If you run a business and want to still be a part of the EU, you can have your business based in Estonia, with full online access to the government and get around any tariffs or barriers to the EU market. And you still pay all your taxes in your home country. So you can “escape” the Brexit mess.
It's possible to use it as one of the authentication methods in a bank. You instead the card into the card reader, go to the bank site, put your account name, click "login with ID card", a pop-up appear which asks for the PIN for the card, you put the pin and login is successful. Before that you need to have ID card software installed. Same software also has extensions for Edge, Chrome, Firefox, so that sites can integrate with ID card more easily (sort of like third party sites can use login with Twitter or Google, but here you login with the card). Also, software comes for really any OS distribution (Windows, Ubuntu, Arch Linux, NixOS, etc.). In theory, a card is basically a container for a private key, which is associated with your identity. So, AFAIK, it should be pretty flexible. You can literally sign PDF documents with it and email them. That's like one of the accepted ways to fill a customs declaration in Estonia. It can be a ghetto or as Integrated as you want. You can use it instead of paper signature or to sign a photo of your written statement that you took on a mobile phone. It would carry same legal weight as a normal signature.
Hey Nolynox. Hope you're having a nice day. I do use online banking actually, almost exclusively, but there are certain business advantages, as the guys in the video hint at, that relate to this scheme. As I'm sure you're aware, banking is an integral part of business and if businesses with global and continental outlook are able to benefit from e-residency, my question is, how does banking in Estonia (which I gather is totally outside of e-residency) interact with the scheme.
@@swanky_yuropean7514 Most Estonian banks have an option to use ID card for login, because it's more secure. That is, it offers two factor authentication by default, you need to have something physical (the ID card) and know something (pin codes) to authenticate yourself. It's the same reason why hardware wallets for crypto are more secure. Card functions a bit in the same way. A bank normally by default asks to authenticate security sensitive operations, like a transaction. So you login with one pin and then you have another pin for operations, if you transfer money to someone you sign that transaction which requires another PIN. If you don't like that, you can just use normal login and less security.
As far as I can see, this is mainly beneficial to have free access to the EU market while sitting outside of the EU. Why are companies leaving the UK, when they could create a new EU entity yet still operate in the UK? Of course I understand the logistical side, but as long as import forms are correctly filled in, all should be ok?
Benefits of trading in the European Union The main benefit of trading in the European Union (EU) is the European single market. It is the largest international single market in the world, which has lead to: greater competition in services - which is good for businesses and consumers removal of trade barriers reduction of business costs greater business efficiency elimination of anti-competitive practices - such as monopolies and cartels The EU has taken measures to reform and make it even easier for countries to trade with each other, such as: reducing paperwork harmonising standards - eg technical and safety standards introducing the euro - allowing a single currency to trade with enforcing the movement of people - allowing member state citizens to move freely between other countries
Nice video, but your drawn Estonian flag has the wrong colour order in several times in the video. It is supposed to be blue black and white not black blue and white. Please fix it.
Do you have to apply for e residency, before March 31st, before we leave the EU? Can I apply for e residency after Brexit. And thank you for your videos and content!
And still no way for me to maintain my EU citizenship. I live in Germany, but don't qualify for Citzenship. I have a house in France, but don't qualify for French citizenship and have zero Irish in my ancestry...
Boldevin i though the first two minutes were actually quite interesting. And people who know this Channel and are genuinely interested in the contend will watch it anyway
Not exactly useful for most people. The title is pretty much click bait as you escape nothing. Why the irritating mid video adverts that interrupt sentences - you know you can turn them off.
Hi Carol, are you aware that you're watching free content on TH-cam? The video cost upwards of £1000 to produce and all we ask in return is that you watch some adverts to help us continue producing content for our audiences. So for the mean time were going to continue having adverts in our videos.
@@rosshayes4628 I understand but adverts literally breaking into the middle of sentences are particularly annoying. I think you can place ads at specific points where they at least don't disrupt the sense.
This is a very clever idea. Not massively useful for 99.9% of the world, in this exact format, especially as it’s in relation to Estonia - none the less, clever.
Also assuming article 13 passes it seems to me this card would be like being allowed to use Chinas internet, nothing we don't have with huge chunks removed to protect our fragile minds.
I really used to like your channel for being balanced, well researched, informative and bite-sized but it's taken a noticeably anti-Brexit slant lately. No one knows what will happen after March 31st. Please continue to present your bite sized facts without trying to push either a pro or anti Brexit narrative and let your your viewers to debate their opinions in your comments section.
Dude, if nobody knows what will be the decision, it is absolutely logical to have an insurance in case of no-deal Brexit which everyone agrees would be catastrophic.
Hi all. I’m the bloke in the video from the e-Residency programme with the British accent and the beard. Ask me anything.
(I'll return about once per day and try to answer everything)
What does being a chief Evangelist entail? Forgive me but it is the first time I've heard of such a post. Cheers, from Canada!
hi
I still don’t grasp the point of the thing...a lot of words used in the video but it doesn’t actually tell you what are your advantages. You can’t access any benefit unless you are a resident, it doesn’t allow residency nor citizenship. You can set up a business in Estonia but you don’t speak of the headache it can create...you must have reporting requirements under the EU for that remote company who also have reporting requirements in the country it’s operating in. So is it a chance to have an EU bank account then? I doubt as there are rules around that. So what am I paying €100 for?
Could you summarise what you can do with Estonian E-Residency?
I've actually been considering going on vacation in Estonia for a while, however, I have been hesitant as I am not sure how easy it is to get around with only English. Should I brush up on Estonian, Russian, etc. or will I be fine and can communicate with people there in English just as easily?
So, Estonia is the Deleware of the EU, where there are more companies than people.
Pretty much, according to 2018 statistics, there were around 150k companies with at least 1 employee and over 3 million shell companies so over twice as many as there are people. Only around 10% of those are owned by foreigners though so I'm assuming this has more to do with the ease of setting up a company. Takes around 5 minutes and is free just to set it up, costs €190 if you actually want to do business with it and additional €2500 once your yearly revenue exceeds €200k.
Great Video, Got my e-residency, 12 months ago. I may be loosing my EU Citizenship, but will still be able to hold on to a small sliver of what I am proud to be, European until the day I die.
To summarise: it doesn't allow you to escape Brexit, only give you access to online services and business in the EU.
I'm assuming you forgot to put the words "Does it allow you" plus a question mark in the title? Otherwise this is a misleading title and content.
It does help you escape Brexit to a certain amount though. Business can have access to Estonia and thus the EU, which is basically escaping the financial aspect of Brexit.
@@joewhite2051 at a cost - Double accounting, double compliance. It is doable, if you know the right information OR have the right TAXADVISER. But they omit this information all together. Not sure if on purpose or they are oblivious. Both are bad.
@@joewhite2051 you're right. But i think most people assumed from the title that you could physically escape Brexit and stay a full EU citizen.
@@joewhite2051 You really think Brussels will sit back and let third countries have better terms and conditions than member states? Dream on.
It is of huge benefit for helping with a small business, though.
TL:DR, Please don't fall into the regular clickbait scheme, you're well aware that this isn't 'escaping' Brexit. You're a reliable source of unbiased information, Please change the title.
Unbiased. Lmfao
Pretty cool to see Estonia making leaps like this in the IT space. I've heard a lot about that country rapidly advancing in these key ways beyond the big players like the USA or EU generally. Very interesting.
You can never really escape Brexit, even as EU member
absolutely, while people are still OK with that
If you want EU citizenship: buy property in Malta on their residency visa program - free travel within Schengen area and you can be a dual citizen.
As a writer and a US citizen, thanks you! After watching this I found that publishing through Estonia for the central EU markets is a happening idea, and getting bigger- printing in several or more languages there seems easier than doing so in the US because of benefits of being part of the e-residency! Thanks guys, keep up the good work!
TLDRNews, Are you intentionally avoiding to talk about how you would pay your private taxes in the UK and how you will get your taxes paid in Estonia recognized in the UK? Or you are willing to get double taxed? I am e-resident, I support the positive aspects of the program, it has tons of them. Happy to talk about them in length, if you want to! But the e-residency PR regarding BREXIT was very misleading to UK citizens. You actually need to start studying law or start paying tax adviser skilled in Double Taxation Avoidance Treaties. Also do not forget to have compliance in both the UK and Estonia ! Most Estonian e-residency accounting firms do not offer compliance for your country of residency, how to properly account the income from your company as private citizen in your country of residence. They just refer you to the web page of the Estonian tax office and you have to deal with the problems on your own.
I like your videos - but you should buy some small clip-on microphones or smt. The sound quality varies too much.
Also - the flag of Estonia is actually in the order of blue-black-white (I'm referring to the flag at 10:00 ). I.e the colours of the flag are in the incorrect order.
I assumed they were showing the building of the men-only fraternity "Korp! Ugala" (black-blue-white is their flag)..
@@CarbonFiberSpoon That's a smaller house. ;)
Thanks Jack and Ross. ❤️ That was a great video, and taught me much more than I expected. I'm really looking forward to the next two videos.
Nice work guys. I truly enjoyed this video
I clicked this just to see who’s the voice behind TLDR, anyone else?
This was a really good explanation of the e-residency scheme, which I’d heard of but didn’t know much about. What an amazingly innovative and forward-thinking idea by the Estonian government! Very interesting to hear about the knock-on effects for Estonia, including the services supply-chain and tourism. (Oh, and nice to put faces to the voice-overs👍).
How is it "TL;DR news" if the first 30 seconds is just random pics from Estonia, and the entire 13,5 min video can be summarised in the comments in one sentence?
I'm an e-resident in that program. Be aware that Estonia charges business owners a social security contribution even though the owner does not reside in Estonia at all, also business owner must have a legal representative address in Estonia, which is capitalised by locals who provide it as s service to non residents.
Brexit
This is both brilliant and deeply sad. Because of brexit, the UK will begin losing its own youth, who overwhelmingly voted against brexit. UK citizenship used to also include full European citizenship. Now UK youth who also want to be Europeans will start getting their European benefits and identities piecemeal directly from other nations and corporations.
Politicians of all nations have a hard enough time engaging youth as it is. If UK youth are forced to circumvent their own leaders to participate in the Europe, UK leadership will lose the respect and engagement of their own youth forever.
UK youth will grow up disenfranchised from and disinterested in their own UK citizenship. Sad.
It’s not too late for UK leadership to turn away from this unnecessary, self-imposed tragedy. If they don’t, UK youth will grow up without much appreciation and emotional investment in their UK citizenship.
Sad. Very sad.
Ctrl + Delete on marriage in the middle of the night sounds fun.
Wow who knew the guys behind TLDR news are so damn cute
IIRC Skype started up in Estonia with Swedish money, moved to Luxembourg and then it took off, Spotify started in Sweden then it moved its corporate HQ to London and then it took off. Atlassian started in Sydney, has offices in EU, India, USA, Japan - still HQd in Sydney with a market cap of $4b+
My point being that entrepreneurial success is about the people not the location.
Nice I remember that the card reader for the new German ID card costs like 100€ so no one buys it to access the few online functions that would be available
In Belgium you can use any generic reader for your ID card. Costs maybe 10 to 15 €. Among its more useful functions is access to your online tax form, which now is already completed. You only have to check and agree if everything is correct.
flitsertheo same in Spain. The reader should be around 10/15€
I don't know about the german one but estonian IDs are compliant with any generic smart card reader.
Or do what I did and marry an Estonian Woman
How I escaped brexit ?? Easy be born in Northern Ireland
**fans self with Irish passport**
Only good if you have enough money, language and resources to utilise the EU benefits.
Mulan 121 what?
Mulan 121 what on Earth are you talking about? Catholic’s?
Mulan 121 religion has nothing what so ever to do with passports
I’m sure Estonia was Scandinavian in a former life. It’s modern, forward thinking and their accent is very Swedish sounding.
Gareth Jones their ancestry traces back to Finland so they’re Nordic in nature, not Scandinavian
@@cocteaupvssylice Thanks for that information. Is that also true of the other Baltic States?
After hearing their PM speak, I believe Finland is also progressive; They just don't seem to get as much attention as the Scandinavians!
TheShreester I don’t know much but I’m generally interested in archaeology and migration. As far as I understand, some Baltic people, like Estonians and maybe Latvians? Are Uralic like Finns and migrated long time ago from the Uralic mountains. Whereas Lithuanians I believe we’re native Baltic tribes. But Estonian language is close to Finnish, and Latvian and Lithuanian are closely intelligible. Since the end of Soviet Union, all Baltic states have been very progressive (look up Singing Revolution) and especially Estonia has been booming these years
@@cocteaupvssylice: I don't think Latvian or Lithuanian is anywhere near intelligible with Estonian. Latvian and Lithuanian are Indo-European languages meaning they are more closely related to English (or Swedish) than Estonian (which is Uralic as you mentioned).
i love Estonia and this was a interesting video
Thank you for the video, very informative. Just subscribed.
That’s an excellent video thanks.
Loving it, fantastic video guys. Time and money well spend. Great job.
"It is not a travel ID. It doesn't give you citizenship; or the right to physically live in Estonia or EU."
"But gives you access to our entire country [Estonia] online". Amazing.
Absolutely deceitful and clickbait title, with completely biased implication.
Try and actually be informative and unbiased like you claim to.
The video is exactly as described, but thanks for playing.
What did you thinking that "e-residency" means?
You know, "e-mail" etc.
Thank you for drawing our flag wrong. 9:58
.. another virtual assistant fired ..
Let’s have British e-residency? Charge a £100 and hand out a card that in reality gets you nothing. Or am I missing a very good point here? Sinjoro Spekisto I did try to respond to your post but the video was taken down for some reason. Sorry.
I read that even though you can get an e-residency easily, it was a pain in the butt opening a bank account there with this e-residency. Is that true? I heard that banks are not only refusing to open accounts but they are also closing already opened accounts.
Great video and really interesting program
Congratulations! This was a great video! I like the mix with the interviews and animation, it helps understand better the issue
I know they didn't pay for the trip cos if they did they probably wouldn't of made you fly Ryanair
😂😂😂😂
hahah :DD
Or Wizzair....both of which are better than the now defunct Estonian Air....sorry Estonia!
Why do so many English people say ‘would of’?
Drives me crazy.
@@bogboy90210 They don't. They (we) say would've, as in would have. As for the Cap'n... who knows.
My colleague has Estonian e-Recidency. He got it to put up a company. That's because in Estonia companies don't pay income tax until the money is taken out of the firm. That's convenient if income fluctuates a lot from year to year.
We have an electronic ID with a digital signature in Spain now as well for years. Works in a very similar way. What is interesting is that Estonia offers company to run business online there even if they are not registered/based there, which is very smart, as they will get their taxes.
The Estonian online infrastructure has been coming under increasing attack from Russia, which holds a great enmity toward Estonia. There is also a lot of disinformation from Russia targeting Estonia, and some concern that Russia might pull another Ukraine-type invasion of Estonia (ostensibly to "liberate" the 25% Russian speaking minority). However, Estonia is a member of NATO, (assuming that still counts for something) and hosts a multi-nation battalion battle group, which is a significant deterrent to further Russian aggression. I wonder if Estonian e-Residency could be used to bypass U.S. sanctions (e.g. Iran setting up an Estonian company in order to access the U.S. financial network.)
Are the single frame insertions at the different spots in the video deliberate or just a rendering issue?
You guys had a great reputation before you started being overdramatic and clickbaity. Don't lose it! Good things come in time - don't try and force them.
Winding up an Estonian business costs 1000s. Latvia's options are MUCH better for SMEs. There are some good articles on hackernews.
Do you happen to remember the link or some identifiable/googleable text?
You’ll need to appoint your own administrator, but I’ve seen this service offered for as low as 200 euros which is very fair. It’s important to have a proper process for winding up companies because that protects the integrity of the entire business environment for all companies registered there. This high level of trust is the reason we can do business through Estonia so easily with the world.
It costs literally 160 euros state fees to set up a company which allows you already open bank accounts and what not. And later you need to pay 2500 euros worth of stuff to base capital (it doesn't have to be money it can be equipment that has the same value)
This is why it's called e-Stonia! 😛
nice
Super interesting subject! Gives ideas 💡
Great video, thank you. But why are the adverts in the middle of sentences?
Sorry about that, TH-cam's ad placement system can be a bit shaky, I'll see if I can fix it
This may not be the perfect solution but what I sometimes do is I skip right to the adverts and go through them all. Once you've watched them, they "disappear" if you know what I mean. Then I can go back to the very beginning and watch through the entire video without interruptions! :-)
correct me if i´m wrong......so you give access to the free market to non EU companies without checks, control and tariffs?
Estonian e-residency doesn't even grant a person the right to enter Estonia. Let alone grant real residency or citizenship to avoid Brexit.
But what’s the difference between opening a business in Estonia with or without having the e-resident card ? I don’t get it.
Chief Evangelist? Press X for doubt
X
X
This is an idea that one of our own e-residents came up with. Guy Kawasaki was Apple's Chief Evangelist and thinks it's a role that tech startups need to have. So my boss wanted to give me the title in tribute to him, but also to reflect the fact that e-Residency is a tech startup and we shouldn't lose that disruptive and customer-focused way of thinking just because we work in government. In reality, we have a very flat team where everyone pitches in to develop the programme and no one takes themselves too seriously even if they have a title that sounds nice. :)
As Brexiteer l could simply never live in a country where they mostly seem to speak gibberish. Thank god that there are obviously a few that know know English or l don't know how they'd ever get anything done.
Don't be lazy to learn a language! After that, it won't be 'gibberish'.
There's no place like England when looking for people who have diverged from the Queen's English.
@@Samedi3 Dude l was trolling Brexiteers. Bugger 'em.
@@CarbonFiberSpoon The queen is a German who came here and stole the job from one of our proper English queens. Bloody immigrants! Go and do your queening back in Germany!
Great video!
If you don’t actually leave Britain, you aren’t “escaping Brexit”.
Anyone with conviction would actually leave the UK.
This is an amazing video TLDR! Brilliant production value and extremely informative. I'm gonna tweet this out though I don't have many followers so I can't really help much.
You guys definitely deserve to get a profit off of this video. Tad cheaty with the title though.
Thank you Estonia, very cool
I assume this question might be covered in another video but...if as a e-resident you can start an EU company but it run in your home country, wouldn’t that mean you now have issues with a double tax position? As an EU company wouldn’t you have reporting requirements in the EU? We know you will have reporting requirements in your local country. So what is it really offering? A bank account? It still doesn’t make sense.
There are arrangements in EU to avoid double taxation.
2:52 Why do have to give your fingerprints for a chip/pin e-signature card just in order to do business? It's not a passport document and you've not committed a crime either. That actually makes the e-residency uninteresting for me as I don't want to give fingerprints to countries and their institutional databases that might leak someday and providing a risk to my identity wherever I can.
So you're never going to leave your home country?
Of course I leave my home country, why shouldn't I?
basti0007 Many countries on the world, amongst them developed ones, require travelers to register fingerprints at the points of entry, it’s almost inevitable nowadays. Your concern is pointless.
It seems you do not really understand how travel works for Schengen...
a) My country is a Schengen member, so no border checks (or fingerprints) at 26 member states within this treaty.
b) Because of special treaties, I also do not need to give fingerprints at Non-Schengen EU members like the UK (at least as long as they don't leave and it seems it won't change after Brexit as well. If it will, I have even less reasons to go there)
c) EU schengen members also don't need visas for 20 additional other non-EU countries like Turkey, Mexico etc. I perfectly travelled to Turkey even without my passport and thus without fingerprints stolen from it.
d) As a Schengen member, I also don't need fingerprints for a lot of other countries, that have visa-waivers or eVisitor programs for the EU-Schengen area, like Australia. While Non-Schengen members' fingerprints are collected, Schengen ones are not.
e) Most of all the other countries don't take fingerprints. Just returned from Russia perfectly fine without any problems with that. I've also been perfectly able to travel through many countries in South-East Asia or Africa without fingerprinting.
Again: How do you come to the conclusion I'm not able to travel abroad?
I know that Non-Schengen members sometimes just don't understand how traveling within Schengen even works (which means borderless, I've even travelled without any ID from Germany to Paris and Netherland and back by airplane because I forgot it at home and never been checked once for it), but a comment that travelling without giving fingerprints is not possible is even more nonsense or shows being brainwashed to accept Orwellian behaviour without questioning it. For a Schengen member, passports became more and more unimportant for travel even outside of the EU, because they did a good job in making travelling for Schengeners as easy as possible. This leaves some small countries (like Tanzania) and the three big ones (US, China and Japan). I really don't need to go there for the moment.
Again: This is an e-residency. Why do they need fingerprints? I wouldn't say something if this would even be a valid passport. This is just a card to securely signature a document, like most countries have. The only difference being, that Estonia has just EVERYTHING online which no other country managed to do so far.
I can get my e-signature card or ID card here including the necessary USB reader perfectly fine without fingerprinting. I'm aware the EU will change this for all member states in the future (unfortunately), but that does not mean, we should not see useless collection of biometrics very critical. Here, I just don't see any reason why I should give my fingerprints. :)
Well, this is a pointless video. Doesn't help ordinary citizens in any way and businesses won't take advice from a video. Cool.
Love this channel but this titles wayyyy too clickbait-y
Does it give you access to EU single market? So far, seems like it will help people from a country without online infrastructure. But UK has strong online infrastructure, so what benefit does it have?
I would imagine that a company operating in Estonia would have access to the single market.
Interesting stuff but those jumpcuts are giving me a headache.
Correct me if I'm wrong but it seems this has no legal weight and to me looks to have limited to no uses. When he says 'I can do anything online' what exactly does this card give you access to that any other form of valid I.d currently wouldn't, I appreciate I am likely missing the point but could anyone tell me what it is?
This card is recognised as highest security standards in world. You need to be hacking 20- 60 years with quantum computer If you want to steal someones ID. Its more easyer to steal paper documents.
China got own standards...
@@rapator9270 So its a secure ID but doesn't have an actual purpose other than to identify who you are? So it does nothing any other form of ID already does assuming it is accepted as a form of id but is just harder to steal?
@@samwoodward4794 Its digital signature also what is same valid as regular. So you can run business, sign documents, check your data, vote ( obviosly you cant 😁) where ever you are. Some countrys now have also signature, but dont have good IT infrastructure yet. Finland adobting right now blockchain platvorm what is called X- Road. Latvians have that digital signature now, but missing secure platvorm and few services online.
Mikk Nigol So yes it's just another ID card with a digital counterpart, what does this allow a British Citizen to do any other ID doesn't? Other than it is presumably easier to use in some instances.
This is for businesses who want to have access to the eu market without issues. You can do this as well if you live in another eu country and want to escape a crappy tax system.
How to become an EU citizen after brexit?
be born in northern ireland.
Try to move to an EU member and live there long enough to apply for citizenship.
Having an e-Government is clearly the future.
Sharon Suddaby future of what exactly
The comments are the best xD
Hey, good video, but you messed up Estonian flag @ 10:58 (colors are in wrong order).
Jack and Ross have the same voice that you guys can fill in for each other.
Plus of course, if that E-residents starts a company registered in Estonia to take advantage of being inside EU jurisdiction..... The resident may not be liable for personal taxes in not being a tax resident, BUT the company (since it home nation is Estonia) is liable for Estonian business taxes and business fees.
Plus as said most likely the company even if remote needs some supporting services. Registered in estonia? Most likely means certified Estonian accountant to do the books and various similar things that require employing someone in Estonia for the company. Whose salaries are taxed also in Estonia. and so on and so on.
... well, duh? Online services need to be financed, too. Besides, I appreciate a small country finding a way to earn its own money and move up in the world.
Great film, looking forward to the others! You can use your Eesti ID. card for other things, a lot of shops use your ID. card fir discount schemes etc. Once you have an Estonian ID (possibly an e-card) you can register an Estonian mobile number and use the Mobile ID system, that’s pretty handy for banking etc Also means you don’t need the card reader. Digital signatures are great, the UK is some way behind for this and online security. Sadly the UK Govt cancelled its ID cards scheme!
How is this escaping Brexit? Did I miss something?
This is more for people who run businesses
You didn't, but the people who made this certainly did. Oh well, it'll get views.
tomiesto240 they've never really used clickbait before though.. shame!
If you run a business and want to still be a part of the EU, you can have your business based in Estonia, with full online access to the government and get around any tariffs or barriers to the EU market. And you still pay all your taxes in your home country. So you can “escape” the Brexit mess.
Vacuuous clickbait
How does banking work with this scheme?
Don't you do online banking already? I don't see how or why the Estonian e-Residency need to provide that service at all
It's possible to use it as one of the authentication methods in a bank. You instead the card into the card reader, go to the bank site, put your account name, click "login with ID card", a pop-up appear which asks for the PIN for the card, you put the pin and login is successful.
Before that you need to have ID card software installed. Same software also has extensions for Edge, Chrome, Firefox, so that sites can integrate with ID card more easily (sort of like third party sites can use login with Twitter or Google, but here you login with the card). Also, software comes for really any OS distribution (Windows, Ubuntu, Arch Linux, NixOS, etc.).
In theory, a card is basically a container for a private key, which is associated with your identity. So, AFAIK, it should be pretty flexible. You can literally sign PDF documents with it and email them. That's like one of the accepted ways to fill a customs declaration in Estonia. It can be a ghetto or as Integrated as you want. You can use it instead of paper signature or to sign a photo of your written statement that you took on a mobile phone. It would carry same legal weight as a normal signature.
Hey Nolynox. Hope you're having a nice day. I do use online banking actually, almost exclusively, but there are certain business advantages, as the guys in the video hint at, that relate to this scheme. As I'm sure you're aware, banking is an integral part of business and if businesses with global and continental outlook are able to benefit from e-residency, my question is, how does banking in Estonia (which I gather is totally outside of e-residency) interact with the scheme.
@@swanky_yuropean7514 Most Estonian banks have an option to use ID card for login, because it's more secure. That is, it offers two factor authentication by default, you need to have something physical (the ID card) and know something (pin codes) to authenticate yourself. It's the same reason why hardware wallets for crypto are more secure. Card functions a bit in the same way. A bank normally by default asks to authenticate security sensitive operations, like a transaction. So you login with one pin and then you have another pin for operations, if you transfer money to someone you sign that transaction which requires another PIN. If you don't like that, you can just use normal login and less security.
Video starts at 0:47
As far as I can see, this is mainly beneficial to have free access to the EU market while sitting outside of the EU. Why are companies leaving the UK, when they could create a new EU entity yet still operate in the UK? Of course I understand the logistical side, but as long as import forms are correctly filled in, all should be ok?
Benefits of trading in the European Union
The main benefit of trading in the European Union (EU) is the European single market. It is the largest international single market in the world, which has lead to:
greater competition in services - which is good for businesses and consumers
removal of trade barriers
reduction of business costs
greater business efficiency
elimination of anti-competitive practices - such as monopolies and cartels
The EU has taken measures to reform and make it even easier for countries to trade with each other, such as:
reducing paperwork
harmonising standards - eg technical and safety standards
introducing the euro - allowing a single currency to trade with
enforcing the movement of people - allowing member state citizens to move freely between other countries
Nice video, but your drawn Estonian flag has the wrong colour order in several times in the video. It is supposed to be blue black and white not black blue and white. Please fix it.
Given I don't trust my own government enough to let them record my finger prints; why would i trust the estonian government with that information?
How much does it cost to open a company there?
Do you have to apply for e residency, before March 31st, before we leave the EU? Can I apply for e residency after Brexit. And thank you for your videos and content!
Yes. Any person around the world, regardless if they are EU or non-EU citizens can apply for it.
I always wondered what the guy doing the voiceover looks like
I was about to say the Estonian government is tight if they paid for your trip and sent you on Ryanair
Guys you got the Estonian flag in the picture wrong!
And still no way for me to maintain my EU citizenship. I live in Germany, but don't qualify for Citzenship. I have a house in France, but don't qualify for French citizenship and have zero Irish in my ancestry...
Wow! Just wow.
If you want people to watch the video, you shouldn't waste the first 2 minutes like this
Boldevin i though the first two minutes were actually quite interesting. And people who know this Channel and are genuinely interested in the contend will watch it anyway
A good compromise would be to say "skip to 1:48 for the main content" or something like that.
Thanks guys! Not really because of brexit as i am not that affected, but generally, thats brilliant, they should advertise it!
Escaping Brexit with an offshore company that doesn't give you the right to live or work in continental Europe :D
I ship this two guys.
The bearded man was wearing flip-flops! Yes!
Estonia looks dopeeeee
That's very cool, very modern!
Nice music by the way
Estonian flag is blue-black-white, not black-blue-white ...
Not exactly useful for most people. The title is pretty much click bait as you escape nothing.
Why the irritating mid video adverts that interrupt sentences - you know you can turn them off.
Hi Carol, are you aware that you're watching free content on TH-cam? The video cost upwards of £1000 to produce and all we ask in return is that you watch some adverts to help us continue producing content for our audiences. So for the mean time were going to continue having adverts in our videos.
@@rosshayes4628 I understand but adverts literally breaking into the middle of sentences are particularly annoying. I think you can place ads at specific points where they at least don't disrupt the sense.
This is a very clever idea. Not massively useful for 99.9% of the world, in this exact format, especially as it’s in relation to Estonia - none the less, clever.
Also assuming article 13 passes it seems to me this card would be like being allowed to use Chinas internet, nothing we don't have with huge chunks removed to protect our fragile minds.
I really used to like your channel for being balanced, well researched, informative and bite-sized but it's taken a noticeably anti-Brexit slant lately.
No one knows what will happen after March 31st. Please continue to present your bite sized facts without trying to push either a pro or anti Brexit narrative and let your your viewers to debate their opinions in your comments section.
Dude, if nobody knows what will be the decision, it is absolutely logical to have an insurance in case of no-deal Brexit which everyone agrees would be catastrophic.
When everything is going against the brexiteers it would be imbalanced to pretend it's not
March 29th, technically, though Brexit won't happen on that date.
@@stoobydootoo4098 Hey, by 31 March we'll be eating dogs and cats.
Lately? it's been remoaner from the start!
What happened to "How I escaped Brexit"?
Very interesting. Estonia bears watching - that's a very forward-looking policy.
1 word: Clickbait.
Have you seen the presentation of Prof. Alex J. Halderman from the U.S. about Estonias E-Voting system?!
XD ..so until now, I thought that the very slightly different voiceovers on your videos were really the same person.