This feature was first appreciated by global entrepreneurs. A man cannot get all at once, thus entrepreneurs start companies in Estonia where the tax regime
is quite liberal and government e-services are highly developed. Hereafter they go to countries with bigger labor supply or riskier investments as Jevgeni says.
Digital nomads tasted the feature several years later. Enty user and founder of software company DataStake
which provides information management for African countries opened his first company in Estonia in 2019.
Now, after the pandemic, as we have become even more digitalized, the number of people who share an idea to travel around the world while running their own businesses grow. DataStake founder was not satisfied with the bureaucracy and location boundaries in Spain and looked for a better place.
When Estonia entered the stage, he didn’t consider alternative jurisdictions anymore. The incorporation process has been smooth. And the most important thing, there were no requirements for physical presence in Estonia - no paper letters, no office visits, no 60 days spent rule, etc.
The possibility to manage a company online from any place remains Estonia’s advantage as we compare jurisdictions for company incorporation now. Entrepreneurs are not required to live in Estonia for any period of time or become tax residents as private persons.