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Yes! If you want to benefit from this program all members of the company (including shareholders and members of the board) must be e-residents.

In order to benefit from the e-Residency program and be able to run your business online, all members of the company (shareholders and members of the board of directors) must be individuals (not organizations) in possession of their e-Residency cards.

Otherwise, you won’t be able to incorporate your business or manage it online. Registering the company, and any other procedure involving your business would require a visit to Estonia and the intervention of a notary without the help of the e-Residency Program. Therefore, we only accept natural persons who have obtained their e-Residency IDs.

However, once the company is established, your company can accept other corporate shareholders. This is especially interesting for funding and getting investment, either through business angels or venture capital firms. The redistribution of shares during the investment process can be done online under certain conditions. More information here.
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