Brexit Brain Drain Delivers Financial Boon to Estonia

Estonia has received applications for e-Residency, as it is known, from 176 countries, with Britain ranking fourth in the list of non-European Union nations after Russia, Ukraine and China. Being given e-Residency does not grant you citizenship, tax residency or entry into Estonia or the rest of the European Union.

However it does come with the advantage of a 20 percent tax rate for both income tax and corporate tax. The latter is levied only when profits are distributed (rather than when they are earned), allowing . . .