Estonia's e-residency program at work

*That's 221 Americans (so far).

http://balticbusinessnews.com/article/2015/7/23/estonia-s-e-residency-programme-exceeds-expectations-ministry

Estonia’s e-residency programme exceeds expectations - Ministry
23.07.2015, 17:32

"The number of applicants seeking Estonian e-residency is growing faster than expected, Ministry of Economic Affairs said today.

"The number of applications that the state hoped to achieve by the end of the year was exceeded almost two times in the first half.

"While the initial goal was to receive 2,000 e-residency applications from foreigners by the end of 2015, the state had received 3,816 applications by the end of July.

“We estimated that if we would have 30,000 e-residents one day, it would translated into 60 million euros injected in our economy,” explained Minister of Economic Affairs Kristen. (((I wonder how much is drained out of the economy by a post national stunt of this kind.)))

"Michal, adding that additional revenue for the state budget generated by e-residents includes bank accounts, management of companies, portfolio management, jobs, as well as taxes.
Michal said that if the state provides additional funding, it would be possible to have 60,000 e-residents by the end of 2017.

The list of Estonian e-residents includes British journalist Edward Lucas, Japan’s PM Shinzo Abe and CEO of Swedbank Group Michael Wolf.

TOP TEN COUNTRIES

The list of countries by e-residency applications as of end of June:

Finland: 916
Russia: 442
Ukraine: 227
US: 221
Germany: 159
Latvia: 144
UK: 142
Holland: 119
Italy: 109
India: 87

MORE FUNDING NEEDED

"Michal said that 54 e-residents have established a business in Estonia and that 173 companies in Estonia are connected with e-residents.(…)"