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Comment by aliswe | Hacker News Reader

I heard Estonia still requires local sponsors and a significant portion of the company needs to be owned by a citizen, is that true? or was that just rumors?

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Definitely not true. Would cut down on a lot of scams, but alas. The e-residency is popular among various online scammers, because it gives them access to the EU banking system.

AFAIK the only 2 local requirements to find a company in Estonia are:

  - Address in Estonia
  - A contact person from Estonia (resident or citizen)

Both of these services could be rented separately or together by various service provides. Accreditated ones are listed at E-residency's website.

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