As a warm welcome for Indian startups to the European Union (EU),Estonia has introduced its E-Residency programme for Indian startups to work in the country without any hassle.
The E-Residency programme offers startups access to a government-issued digital ID, thus enabling them to open a global EU company online while working from India. With the e-residency, the startups are considered as “trusted location-independent EU companies”, and can access Estonia’s advanced and secured digital infrastructure along with all the tools required to grow globally.
What Is E-Residency For Indian Startups?
Estonia believes that startups can now grow their businesses with access to the entire EU market and therefore, it terms e-Residency as a ‘Make in India and Sell in Europe’ idea.
Commenting on the Estonia and India relations, Kaspar Korjus, Managing Director of Republic of Estonia’s e-Residency programme, said, “The size of our countries might be very different, but Estonia and India actually have many things in common. Like Estonia, India has always been a very entrepreneurial country. India has the world’s largest freelance workforce with the highest percentage working in software development and technology, while Estonia is a global leader in ICT technologies, especially in e-government.”
“E-Residency can help leverage these common points by offering Indian entrepreneurs access to the European market of 500 million people,” Kaspar added.
Estonia aims to reach out to Indian startups through a series of roadshows and industry tie-ups in the next 12 months. The programme aims to enroll over 200 startups during 2018.