Estonia's e-Residency program reported €40 million in state revenue for the first half of 2023. Companies owned by e-residents generated €37.7 million in tax revenue, a 57% increase from
the previous year. Labor taxes accounted for 55% of tax receipts, while the remaining 45% came from special case income tax, primarily dividends.
Additionally, e-residents paid €1.4 million in state fees. The program aims to achieve €60 million in revenue for 2023. It has issued e-resident digital IDs to 5,428 foreign nationals, and there are 61,350 active e-resident digital ID cards in use. Photo by Masayuki (Yuki) Kawagishi, Wikimedia commons.