{"id":35839,"date":"2024-04-09T16:57:04","date_gmt":"2024-04-09T13:57:04","guid":{"rendered":"https:\/\/www.simplbooks.ee\/?p=35839"},"modified":"2024-04-12T15:35:56","modified_gmt":"2024-04-12T12:35:56","slug":"exploring-e-residency-statistics-and-insights","status":"publish","type":"post","link":"https:\/\/www.simplbooks.ee\/en\/blog\/exploring-e-residency-statistics-and-insights\/","title":{"rendered":"Exploring e-Residency: statistics and insights"},"content":{"rendered":"

E-residency, Estonia’s pioneering digital identity program<\/a>, continues to thrive and expand, empowering global entrepreneurs and professionals with borderless business opportunities. Let’s delve into the latest statistics that highlight the growth and impact of e-residency on international entrepreneurship.<\/p>\n

Total number of e-Residents<\/h4>\n

As of the most recent data, the total number of e-residents of Estonia has surpassed 112,700, reflecting a substantial increase in adoption and interest from individuals worldwide.<\/p>\n

Estonian companies established by e-Residents<\/h4>\n

E-residents have leveraged this digital platform to establish over 30,200 Estonian companies, showcasing the program’s effectiveness in facilitating remote business setup and management.<\/p>\n

New applications in March 2024<\/h4>\n

In March 2024 alone, there were 1,077 new applications for e-residency, underscoring sustained demand and growth in the program.<\/p>\n

New Estonian companies established in March 2024<\/h4>\n

During the same period, e-residents established 419 new Estonian companies, demonstrating ongoing entrepreneurial activity and investment through e-residency.<\/p>\n

Global service providers on e-Residency marketplace<\/h4>\n

The E-Residency Marketplace offers access to over 140 global service providers, enabling e-residents to access a comprehensive range of business support services conveniently.<\/p>\n

Entrepreneurs choose Estonia for tax deferral benefits<\/h4>\n

Although the corporate income tax rate in Estonia is 20%, the Estonian tax system allows startups to thrive because income tax is only paid when dividends are distributed. Many startups do not pay dividends for many years, resulting in a 0% corporate income tax rate. This enables them to accumulate capital for development, and only later share profits or sell shares to foreign investors. This is a benefit of the Estonian tax system that attracts startups like Skype, Microsoft, Bolt, and others.<\/p>\n

E-Resident companies set tax revenue record in 2023<\/h4>\n

In 2023, Estonian companies owned by e-residents contributed a record \u20ac64.3 million in tax revenue to the state treasury, marking a 33% increase compared to the previous year. The majority of tax revenue for 2023, accounting for 63% or \u20ac40.7 million, was derived from labor taxes. The remaining 37% of tax revenue, totaling \u20ac23.6 million, was generated from special case income tax, primarily from dividends paid by Estonian companies owned by e-residents. The cumulative direct economic impact of the e-residency program on Estonia, encompassing labor and dividend taxes along with state fees, has reached \u20ac213 million to date.<\/p>\n

Geographic distribution of e-Residents<\/h4>\n

The majority of e-residents hail from various countries, with the largest numbers coming from Ukraine (7,050), Germany (6,743), Finland (6,186), and Spain (6,116), highlighting the program’s diverse international reach.<\/p>\n

E-Resident companies by citizenship<\/h4>\n

In terms of e-resident company ownership, Spain leads with 2,516 companies, followed closely by Ukraine with 2,410 companies and Germany with 2,345 companies, demonstrating a robust entrepreneurial presence across multiple nationalities.<\/p>\n

\"Number<\/p>\n

E-Resident companies by citizenship outside Europe<\/h3>\n

Outside of Europe, significant numbers of e-resident companies are owned by individuals from:<\/p>\n