BIZ-ERESIDENCY-ESTONIA


PTI | Hyderabad | Updated: 10-01-2019 16:30 IST | Created: 10-01-2019 16:30 IST
BIZ-ERESIDENCY-ESTONIA
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  • India

Ravi Shankar Prasad, Mukesh Ambani get Estonia's e-residency

Hyderabad, Jan 10(PTI)Union Minister Ravi Shankar Prasad,

India's richest man Mukesh Ambani and Microsoft founder Bill

Gates are among the e-residency holders of Estonia, its

Ambassador to India Riho Kruuv said here Thursday.

The e-residency, which enables entrepreneurs of any

country to start a trusted location-independent EU company

online, was offered as an honorarium to some of the prominent

personalities across the globe.

After acquiring the e-residency, Ambani's Reliance Jio

has set up a subsidiary working in the digital and

communications space in the northwestern european country.

"Very prominent people are also Estonian e-residents.

Present Minister of IT and Law and Justice honourable Ravi

Shankar Prasad is an Estonian e-resident. Business tycoon

Mukesh Ambani is an e-resident.

Pope Francis and Bill Gates also (e-residents). This

status has been given to world leaders and they have accepted

it," he told reporters here.

E-residency is a government issued digital ID available

to anyone in the world.

It offers freedom to any world citizen to start and run a

global EU company fully online anywhere.

E-residents have access to the European Union business

environment and can use public e-services through their

digital identity.

"But if you talk about Mukesh Ambani for example. The

status was accorded to him with a broader perspective in mind.

He has a subsidiary in Estonia. Reliance jio is

developing digital solutions for jio digital platforms

particularly for the Indian market.

They have hired the number of Estonian software

developers to do the job," he added.

On the e-residency programme, the envoy said there were

already 2,174 Indian e-residents and they have created 275

companies.

"We expect this figure to grow exponentially in the

coming years as the economic ties between between Estonia,

India and the European Union depend further," he said.

Recently, Estonia and the Telangana government had signed

an MoU for cooperation on information and communications

Technologies (ICT), cybersecurity and blockchain Technology,

between the two.

Estonia is looking to enter into an MoU with the state

government on mutual cooperation in the filed of higher

education, he added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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