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[Music] hey everyone we're here with our know from a residency and we want to hear more about how his project can help your startup hi Anna hello so you're representing a residency which helps young startups in Estonia is that right yeah exactly so and actually help startups who are not in Estonia but he helped them to become Eastern startups so basically it residence is a program offered by the government of Estonia since December 2014 and it's a government-issued digital ID card available to anyone from anywhere in the world which was any individual to become a resident access Eston in services and the most the most important thing when you access any services from start point of view is the ability to create manage and run your company fully online from anywhere in the world without even coming to a stay at any point and are there any restrictions age-wise or maybe company-wide no there's no restriction so we have so far we attracted 45 thousand residents coming from 157 countries around the world and most of the most of the residents want to become a resident because I want to access European markets they want to be able to manage a company food online with a with a really low cost they want to be able to access services like business banking services payment institutions all the tools that are needed to make a business grow if someone wants to become a part of this project where do they go what should they do so I need to go to our website IRA's on that got that a the ability to feel an application form it's very it's very simple it's actually very fast so we're only going to ask you for a copy of your of your passport we're going to ask you for your motivation for for applying and then you need to pass a background check by the Ministry of Interior because of course we don't want people who have been involved in any criminal activity to becoming residents but then when you receive the when you receive the approval of your application then you need to go to the US Embassy in Kiev and you can pick up your digital ID card and access instantly services and so you've obviously had a lot like deal a lot with young startups young entrepreneurs do you like have any advice for someone who still may be considering starting a business do you have any advice on how to grow and how to be successful well I would definitely think the main advice is to to be very in very integrated in the local business and startup community because most of the new ideas most of the new partner if you may find is by only discussing and engaging with with other people people who felt who had the same experience before who are who know radio by entrepreneurship I think it's really important that's why at eat residency we even have someone who's based in the Ukraine and we won't run this country manager to be fully fully involved in the local community together with co-working spaces together with incubate local incubators because very important to have partners it's hard to be entrepreneur and to be totally isolated you need to have advices you need to have new partnerships you need to find synergies with other people who felt the very same experience and it's it's important for start-up entrepreneurs but also as a governmental program we also try to be very integrated in the local community you've seen like what Ukraine has to offer in terms of startups do you think like Ukraine has a lot of potential maybe you've seen some very promising projects definitely because a tier agency Ukrainians our biggest community yes we have two we have 2,600 Ukrainians who became resident first because it's a very convenient and and a very convenient solution to create your startup it only cost 100 euros to become a resident and then 190 euros to register a company in Estonia so we see a lot of interest coming from the whole IT community of course Ukraine has is gifted gifted in terms of IT specialist there's so many people if only to programming involve also in in in designing new experiences etc so there are so many educated people who only want to have to have a better access and better opportunities to opportunities worldwide and that's why that's why for a lot of them iterations is a very convenient solution so yes Ukrainians are biggest community in terms of company creation thanks to ear agency and that's why we participate to events like vit arena because we got to meet not on not only not only institutions or incubators like the leaf cluster for instance but also very interesting very interesting startup so I've just arrived here but I'm going to say the three days because I really want to engage with local startups they also understand a bit better the the main needs of the of the entrepreneurs from Ukraine thank you so much for this interview come