Estonia, which is trying to be the star of the digitalizing world and making a lot of effort to launch EstCoin, as we have reported recently, is trying to attract the attention of entrepreneurs of the digital world with e-session.
Estonia became the first country in the world to implement e-residence institution for foreigners in 2014. In this way, Estonia’s goal is to increase its entrepreneurial potential by using the advanced digital infrastructure in the country.. Let’s see if Europe’s most enterprising country can achieve this goal?
As entrepreneurs know closely, Skype is actually a start-up founded in Estonia.. Transferwise, founded by Estonians and gifted to the fintech world, is also one of the initiatives of this country.. However, the report titled Europe’s Secret Entrepreneurs, published by the World Economic Forum (WEF) on December 20, 2016, confirms Estonia’s position in entrepreneurship and reveals that Estonia is the most entrepreneurial country in Europe.
Digital view of Estonia
When we consider Estonia in terms of population, we see that it has a population of 1 million 315 thousand people, according to Eurostat’s 2015 data among EU countries. We see. This population shows that Estonia ranks fourth after Malta (429 thousand), Luxembourg (562 thousand) and Southern Cyprus (842 thousand).. Considering this population structure and entrepreneurial potential, Estonia has started to grant e-residence right since 1 December 2014.. With this move, Estonia plans to become a center for entrepreneurs and take this potential to a higher level.. Of course, in order to achieve this, a highly developed digital infrastructure and entrepreneurship ecosystem is needed.. For this, Estonia has been carrying out the necessary studies for a long time.. Let’s put it this way: For example, 99.6 percent of banking transactions in Estonia are carried out electronically today.. In addition, 96.3% of Estonians declare their income online. 88% of households in Estonia have a computer and 88% of the population say they use the internet regularly. The following picture emerges in the use of digital on the health side: 95 percent of the data stored by hospitals and doctors in the country is digital, and 98 percent of prescriptions are written online.
Status of the IT sector in Estonia
According to data on e-estonia.com, 3,648 companies operate in Estonia’s IT sector.. The income generated by these companies is 3 billion 689 million Euros and this constitutes 7 percent of the GNP.. The number of people working in the IT sector is 19 thousand 593 and added value is 30 thousand 300 Euros per employee.
Number of companies established with e-session and fields of activity
Field of activity Number of companiesComputer programming120Non-specialized retail trade104Computer consulting76Other business support activities50Holding company activities44Other IT and computer service activities40Internet or mail retailing36Web portals30Other software publishing29Other IT activities29Other professional, scientific and technical activities27
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