Should you base your start-up in Estonia?

When you think of Estonia – which in itself is a stretch – you probably don’t picture one of the most advanced digital nations on earth.

Twenty years ago the country, once part of the former Soviet Union, didn’t even have the internet.

It has subsequently played catch-up with the rest of the world. The bulk of public services such as tax, health record and vehicle registration services are performed online.

An e-residency program is an important component of Estonia’s digitisation process. Any entrepreneur – those not citizens of Estonia – can apply for e-residency. All you need to do is supply ID documents and a mission statement about your start-up, as well as credit card details, to apply.

People who are successful receive a government-issued ID from a European Union nation, which acts as a foothold for a business’ wider expansion across the continent.

ProofCV is one emerging business that has taken advantage of the opportunities Estonia offers to digital firms. The start-up has blockchain-based technology that allows people to upload and verify documents used to vet their experience as a job candidate.

The business has specific target markets, including the aviation and medical sectors – industries in which it is essential people’s credentials are validated.

Founders Ray Chow-Toun and Frederic Verin say the technology gives prospective employers confidence that candidate documents are genuine. Read more

Alexandra Cain - Brisbane Times - 20 Feb 2018

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