Still, it is a very hard and tough concept to start a blockchain company in various countries. Because more countries are not that much technology-wise upgraded and take too much time to register a business or issuing licenses. Which makes it more difficult to start a blockchain company. But on the way, Estonia has come forward to support digital nomads. Now Estonia has become the most advanced nation in terms of technology and created a positive environment for young digital entrepreneurs to Start a blockchain company in Estonia. As per the famous magazines, Estonia has made its image like “The most advanced digital society in the world for young entrepreneurs”. Estonia is looking forward to transforming all its services in a digital form like government services, banking services, taxes and many more.
Why you should start a blockchain company in Estonia?
Estonia is growing as a technology hub. So as to attract investors, Estonia has launched the concept of E-residency.it allows foreign investors to start a digital business in Estonia without opening an office in Estonia. Now no need to open an office or to hire any staff.you can alone run a business in Estonia. But these all services are only for those who are European citizens or E-residency cardholders. So if you are thinking of starting a blockchain company in Estonia then you should get an E residency card. When it comes to specifically starting a blockchain company in Estonia, It offers very simple and affordable licensing services to start block chain company.estonia is offering licenses for both cryptocurrency exchange companies and cryptocurrency wallet service providers. Already more than 2000 Licenses are issued for blockchain companies. one of the most important factors which attract blockchain companies towards Estonia is its tax-saving policies. Estonia encourages its entrepreneurs to grow more by reinvesting profits. If you fully reinvest your profits in business then you can operate as tax-free. You no need to pay any tax. But if you distribute your profits then you have to pay a 20% tax. Due to its all-digital services of government, you can pay tax too in a digital way which allows entrepreneurs to focus more on their business. You can obtain a license within 30 days and allow you to trade all utility tokens, issue your own coin, operate wallets, and exchange. Estonia has set up very low fees to set up any business as compared to other countries, which is also one more Reason to Start a blockchain company in Estonia. In recent years Estonia has become home for blockchain companies. Even many entrepreneurs have relocated their blockchain companies to Estonia because of Estonia’s business-friendly environment. Setting up a business in 20 to 30 minutes and paying taxes in just some clicks, makes Estonia more attractive for entrepreneurs. Some of the most important factors which encourage entrepreneurs to Start a blockchain company in Estonia are given below:
- Register your business online within 20 to 30 minutes (paperless)
- E-Residency program allows foreigners to avail of all services for government hassle-free.
- Estonia has a very straight forward nature towards issuing a license to new start-ups.
- 0% Tax rate facility encourages more new entrepreneurs. Estonia has become the best destination to start a blockchain company and it has a lot to offer to all entrepreneurs. So if you want to start any blockchain company then roll your sleeves and start your business journey with Estonia.