New Delhi, Jan 17 (IANS): Republic of Estonia on Tuesday launched an E-residency programme in India that will enable anyone sitting in the country to establish an Estonian company online within a day and administer it remotely.

E-residency is a transnational digital identity available to anyone in the world interested in administering a location-independent business online. 

The programme has been launched in India in partnership with The AntiAlias -- a digital and creative studio specialising in user interface and user experience design and digital marketing. The programme is available to all businesses, start ups or freelancer based in the country. 

"E-residency would be especially beneficial for companies which already have a base in Europe, but could save them time and money thanks to Estonia's business-friendly bureaucracy and tax environment", the Estonian government said in a statement.

The programme will also allow E-residents to manage accounting records and declare Estonian taxes online, digitally sign and transmit documents and contracts, have access to international payment service providers and conduct e-banking and remote money transfer, all this from India.

According to Shivam Sood, Co-Founder of AntiAlias, this is "a great opportunity for all entrepreneurs and companies of all sizes to have a global presence for their business."