E-residency has been invited in Estonia in October 2014. The service enables everyone who has an internet access to involve in business, open a bank account and pursue some financial activities in Estonia. And the most impressive thing about that new system is that if you want to have the e-residency opportunity, actually you do not have to be in Estonia physically. So, if you are planning to invest in Estonia, with the help of that new system you will be very welcomed in the country.
If you would like to know how this system works, basically it is just about digital signature. So, mainly you will hold a card which has a microchip with security certificates. You will be asked to enter secure PIN codes which only you will know. These codes will help you to get access to the system, and after accession you will be able to sign any document.
This e-residency card can not be used as a travel document or as a physical ID-card, at least for now. Therefore, you will not be accepted as a regular resident.