The meeting at the Kadriorg Palace Ice Cellar today set its focus on how to organise the e-Residency programme so that it would bring more benefits and fewer risks for Estonia. Marie Rosin, leader of the Estonian Creditors Association, was prepared to present fascinating facts regarding the dangers of e-Residency to our economic environment.
Since the force majeure called ‘the Traffic of Tallinn’ intervened, the presentation by the Estonian Creditors Association was not delivered, but we will be adding it to our homepage as a separate news article (extended: read the related news story here).
The e-Residency programme has brought Estonia positive media coverage as an innovator of government services, and the programme has proven to be profitable. The e-Residency programme has great potential, as it succeeds and expands, to become the new area of growth for the Estonian economy, and a gateway to larger markets for the Estonian entrepreneurs, the Office of the President of Estonia wrote on the invite.
At the same time, e-Residency has had its share of problems and risks. A couple of Filipinos have taken on the management of close to 200 companies in Estonia and claimed millions of euros in tax arrears and tens of thousands of euros in unpaid invoices. But they are even harder to catch than local crooks.
This is why leaders of the programme must take into consideration the workings of states and the international context, despite the experimental ideas and the start-up-like quality of the programme.
In order to reach fundamental decisions regarding the e-residency programme, both the possibilities and the risks should be considered in co-operation with all concerned parties. It is in the interest of the e-Residency team as well as the Estonian state that there are no international or local misunderstandings, referred to lately by, for example, the Estonian Financial Supervision and Resolution Authority and various participants in the financial market.
For this reason, President of Estonia Kersti Kaljulaid has invited, among others, Daniel Vaarik, Dmitri Jegorov, Taavi Kotka, Marie Rosin, Kilvar Kessler, and Toomas Tamsar to the Kadriorg Palace Ice Cellar to express their thoughts on the topic: ‘Lessons of e-Residency: How to Turn Today’s Beta Version into Top-Quality e-Residency 2.0?’
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