Bully for them. It's been working for them in the past, and it's nice to see a government that (at least seems) to have their act together trying out some weird and out there stuff.
we started to ask companies to give us more data. The reason is we wanted to get rid of fraud. Currently, all the companies in Estonia are declaring their B2B deals. If I’m a company and you’re a company and I buy something off you and it’s more than €1,000, we both have to declare it
e-Residency does not confer citizenship, tax residency, residence or right of entry to Estonia or to the European Union. The e-Resident smart ID card is not a physical identification or a travel document, and does not display a photo.
I know it's way too optimistic and this solution probably introduces just as many problems as it solves, but still, one is allowed to dream, right?
Shipping's been done under flags of convenience for years, but I suspect a lot of people will be deeply unwilling to walk that road for residence.
This has already happened in St Kitts[1][2]. They sold citezenship with very few non-financial requirements and now other nations have started screening travellers from there more aggressively, requiring visas, etc.
[1]https://en.wikipedia.org/wiki/Saint_Kitts_and_Nevis_passport [2]http://www.npr.org/sections/money/2016/03/02/468953007/episo...
http://arcticstartup.com/article/estonian-country-as-a-servi...
Those two sites don't seem like an april fools jokes.
https://news.ycombinator.com/item?id=9537551
https://news.ycombinator.com/item?id=10407604
And Kaspar Korjus, director of the E-Residency program, gave an AMA over on the Digital Nomad forum a few months ago:
https://nomadforum.io/t/i-m-kaspar-director-of-estonia-s-e-r...
I'd say it means decent healthcare, universally free of charge.
... He adds: "I have been like a kid in a candy store. I have lots of investment money and full political support."