Estonian e-Residency programme in deal with Paymentwall
International payments facilitator Paymentwall in collaboration with the Estonian programme of e-Residency program started this week Passport, a new service, with which businesspeople around the world will have the opportunity to found an EU company and access payment and other supporting services via internet.
«Now, with Passport, the process of setting up an EU company and connecting the payment processing solutions will become even easier,» stated Oleg Gustol, head of Global Growth at e-Residency as cited by Estonian public broadcaster ERR cited.
Gustol added that Passport will be in particular useful for entrepreneurs in countries such as Ukraine, Turkey and India, where strong economic growth has already been seen, while international payment solutions are not as easily available.
ERR described Passport as a platform, where a global network of companies helps founders find a working space, get localization services, access business banking, register for a company in Estonia, an EU member country, and start receiving payments. To date, over 22,000 people from 138 countries have applied for Estonian e-residency and in total they operate over 3,000 firms.