Estonia’s Project for Digital Nomads Brings in Record Revenue

An Estonian initiative catering to digital nomads brought in a record €68 million ($79.2 million) in tax revenue and fees in the first half of the year, according to the government.

The e-Residency program allows entrepreneurs to access the European Union market by digitally registering a company in the Baltic country of 1.3 million people. They can then manage it from anywhere in the world.

Although opportunities for flexible work continue to shrink, several popular destinations in Europe have launched digital nomad programs in a bid to compete for foreign talent. Tech-savvy Estonia, which has drawn international attention for its ...