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by jaclaz 3215 days ago
>It's pretty useless, you can google it and see how had a lot of hype, but in real case uses, it's useless (example: yes you can open a company remotely, but if you don't live in estonia, is a mess with taxes...

Pheew, I thought I was the only one with this opinion, given the hype there is about this thing all over the net.

To me the whole stuff seems a lot like the plans of the gnomes in South Park (but in five steps):

1) get an e-residency (please read as "pay us some little money")

2) establish an Estonia company (please read as "pay us some more money")

3) open a bank account in this or that bank (please read as "give our friends a little more money")

4) ?

5) Profit.

The only practical use I can see is to create a new sort of Double Irish:

https://en.wikipedia.org/wiki/Double_Irish_arrangement

but aimed to the single/poor instead of large corporations, but it has to be seen how the EU will take the idea ...

1 comments

You definitely aren't the only one with that opinion. If you've visited the card's homepage or tried to register for one, you'll have realized it confers almost no privileges.
Yep, and - just to get back on topic - they (the good Estonian people) are seemingly (maybe) plainning a government backed ICO:

https://medium.com/e-residency-blog/estonia-could-offer-estc...

Previous (few) comments on HN:

https://news.ycombinator.com/item?id=15071682