Meet Our Users: Suriya Prakash from India Explains About Incorporation in Estonia

At first, we worked very hard on incorporation in India. But there was a lot of ambiguity. For example, our people were not properly recognized as journalists and these sort of things, and then we moved to Singapore. And the problem with Singapore was that we didn't find proper press freedom there. We want to operate in a way that the article we write is not, you know, threatened. Because cybersecurity is a very significant thing. A lot of large organizations get compromised and when we write news about them, they might not like it.

So there are freedom of press and trust issues in Singapore, as well as in India. So we thought about the incorporation somewhere else, where we will be able to operate in a much freer way, everything we do is still legal but anyway there is a difference in freedom of the press. So that's why we decided to incorporate the company in Europe, and then we saw Estonia as a better place. Also, Europe just opened for businesses and it is very easy to open there. Your service was also very good and we were able to get everything done very quickly.

So we chose Estonia because we felt it is one of the most technological countries, they're using blockchain for basically a lot of things. We thought that even if there will be a problem, the government and even the courts would be in a much better understanding of technological things. To tell the truth, we would rather work in a country that understands technology.

I'm not sure in terms of E Hacking News, we do not take any advertisements on the website, unlike many news organizations that get funding and they run based on ads. That's not what the E Hacking News is about. So we've decided to skip all that. We're mostly self-funded. Whatever funding we get for things, there's a total difference between editorial and advertising. So isn't it? I don't think there's much of a tax or maybe I should personally be more knowledgeable about tax. But actually, I think you helped us with opening a bank account. So I believe that was very helpful.

We liked the speed at which things went with both companies because as people who are very technical by nature, we don't like bureaucracy, too many practical steps. I would rather sit at home and do something helpful rather than go to a bank. I would always use a mobile app, rather than going and waiting in a line in a bank. So because we value our own time a lot, that's why we want to work with someone who is able to get things done quickly, but in the right way as well. So I guess, in that context, you were very helpful.

We want to get things done as soon as possible with our time being so bound because we are having a lot of clients, we have a lot of work to do. So we don't like to have too much cooperation with non-tech savvy organizations.

Maybe we would work on our banking and also with your help. But we didn't think about it substantively.

Actually, freedom of the press is better in most Western countries, such as Estonia. We felt Estonia's process was less bureaucratic, compared to Singapore, especially for smaller companies. Because a big company might be able to do things in Singapore better than the smaller ones.

Goodbye!