The Estonian e-residency program is seen to cost 1.2 million euros during the first 18 months, according to initial estimates by the Ministry of Economy and Communications.
“The ministry has sent inquiries to all parties connected with the e-residency project to find out how much their expenditures will grow in their own estimate as a result of the e-residency project,” Taavi Kotka, deputy secretary general of the Ministry of Economy and Communications for communications and information systems and spokesman for the e-residency program, told BNS.
“According to an initial estimate by the ministry, costs for the e-residency project in the next 18 months will total approximately 1.2 million euros,” the official said.
As examples, he named a request for additional money by the Justice Ministry to improve customer support at Commercial Register, a request by the State Information System Authority for money to set up support for the ID card in English language, etc.
Kotka said it has to be kept in mind that the project’s costs and income depend on its success and are subject to change. The government has tasked the Finance Ministry and the Ministry of Economy and Communications with finding necessary fund.
“To go on with the project, the government decided to set up a project team with Enterprise Estonia. Enterprise Estonia is ready to partially cover the costs related to that team,” he said.
As the next step under the e-residency program the Ministry of Economy and Communication is about to launch a program titled “10 million e-Estonians” within whose framework at least 17,000 e-residents and via them 5,000 businesses are to be brought to Estonia in the next three years.
The program will be carried out by a program team to be set up with the Enterprise Estonia showroom. Kotka, who heads a council bringing together public and private sector representatives, will be responsible for the implementation of the program. The council will endorse the program’s content, goals and operational plans.
The program for 10 million e-Estonians covers six areas: registering of e-residency, developing of services geared toward e-residents, quality of services and support, risk management and security, developing of legal environment, and marketing and communication.
In addition to launching the program plans are to take faster steps to make application for e-residency simpler and simplify the services that e-residents show the biggest interest in.
E-residency is a state-issued secure digital identity for non-residents that allows digital authentication and the digital signing of documents. The purpose of e-residency is to make life easier by offering people living abroad an opportunity to use the secure e-services that have been accessible to Estonians already for years.
E-residency is provided by the government of the Republic of Estonia, but does not bring physical residency or rights of entry to Estonia or the EU. E-residency does not entail any residential or citizen rights and cannot be used as a physical identification card or travel document.
Source: BNS through Estonian Review