Anyone using the Estonian e-residency for their business?
Posted: Tue Jan 31, 2023 11:06 pm
As anyone who works remotely as a freelancer in Cambodia will tell you, it's just a pain in the arse, as most companies, from payment gateways to Google don't seem to want to go near anyone residing in the KOW, whether you have a business registered here or not. Its's just not a very business friendly country to be based / working remotely in - not that it's Cambodia's fault per se, it's just that Cambodia doesn't seem like a country many international companies trust / want to work with.
As a result, I obtained e-residency from Estonia, which allows you to set up a business in Estonia and do absolutely everything remotely, from digitally signing documents, setting up international banking to having a legal EU business address and access to a whole host of business services that you'd ordinarily have to be physically present to set up and manage, but can all be done remotely, once you've been verified and got all the necessary equipment. It's run by the Estonian government themselves.
I obtained mine a couple of years ago after a bit of a lengthy process, the only thing you have to do in person is pick up your digital ID card and reader from an Estonian embassy, the nearest one to Cambodia (at the time I picked mine up) being Beijing, China.
Soon upon my return however, I was offered a pretty good position at a company in PP which I couldn't really turn down, and my digital card has just been sitting in a drawer ever since. I never got round to actually registering a business.
I'm getting a bit bored at my job now however, and am ready to leave. I've been doing a bit of freelance work online which is starting to take off and I'm ready to go back to my original plan of freelancing remotely full time, which will involve utilising my e-residency and registering a business - yes, I'm aware I will still have to declare my income in Cambodia also etc etc but I'll cross that bridge when I come to it.
I was just wondering if anyone else uses e-residency and if they have any advice for me. It all seems pretty straight forward and there are plenty of companies that will do much of the legal leg-work for you - in fact, there are so many of these companies it difficult to know which one to go with. The Estonian government have their own 'marketplace' of pre-vetted companies which are trustworthy and all offer different services for different types of businesses.
I know there are a lot of online freelancers (digital nomads) in Cambodia so just wondering if anyone else has e-residency and has any advice for me. Any pit-falls? Anything i should be aware of? Things / companies to avoid? Best ways of getting paid into a Cambodian (ABA) account? Companies that offer reliable payment gateways?
Thanks.
As a result, I obtained e-residency from Estonia, which allows you to set up a business in Estonia and do absolutely everything remotely, from digitally signing documents, setting up international banking to having a legal EU business address and access to a whole host of business services that you'd ordinarily have to be physically present to set up and manage, but can all be done remotely, once you've been verified and got all the necessary equipment. It's run by the Estonian government themselves.
I obtained mine a couple of years ago after a bit of a lengthy process, the only thing you have to do in person is pick up your digital ID card and reader from an Estonian embassy, the nearest one to Cambodia (at the time I picked mine up) being Beijing, China.
Soon upon my return however, I was offered a pretty good position at a company in PP which I couldn't really turn down, and my digital card has just been sitting in a drawer ever since. I never got round to actually registering a business.
I'm getting a bit bored at my job now however, and am ready to leave. I've been doing a bit of freelance work online which is starting to take off and I'm ready to go back to my original plan of freelancing remotely full time, which will involve utilising my e-residency and registering a business - yes, I'm aware I will still have to declare my income in Cambodia also etc etc but I'll cross that bridge when I come to it.
I was just wondering if anyone else uses e-residency and if they have any advice for me. It all seems pretty straight forward and there are plenty of companies that will do much of the legal leg-work for you - in fact, there are so many of these companies it difficult to know which one to go with. The Estonian government have their own 'marketplace' of pre-vetted companies which are trustworthy and all offer different services for different types of businesses.
I know there are a lot of online freelancers (digital nomads) in Cambodia so just wondering if anyone else has e-residency and has any advice for me. Any pit-falls? Anything i should be aware of? Things / companies to avoid? Best ways of getting paid into a Cambodian (ABA) account? Companies that offer reliable payment gateways?
Thanks.