Thanks for the information, that is very helpful. Maybe i should be a bit more case specific: i would only trade cryptocurrencies and would be willing to permanently move to another EU country, in this case Estonia, to do so. Does the scheme also apply to crypto trading? I'm not sure what you mean by trading as a physical person?
Not wishing to spoil the fun here but I can't help thinking that selecting a country of residence based on low taxation is letting the tail wag the dog. Isn't it better to live in the country that helps you to make most money? So you have a bigger pie rather than focus on giving away a smaller and smaller slice of the pie you have. (Happy to admit I am biased as I am in England, the greatest country on earth.)
I'm not sure how my country (Belgium) helps me making the most money. Let's say I make €x per year, being a resident of my country doesn't contribute to my profits. I could make the same profits in any country in the world. My only interest would be to not pay the insanely high taxes here for full time traders and find a more tax-friendly country to move to. Maybe i am overlooking something?
Sorry, I meant a natural person (as opposed to juridical in Estonian law), not physical person. Unfortunately I can't speak specifically for crypto trading but I'm fairly certain it does as it applies to all businesses (not just trading).
Countries with strictest financial regulators and consumer-favourable legal systems significantly reduce risk. Flexible and large financial sectors mean more choice between brokers, less risk of a cartel operation and hopefully more financially sound firms in these markets so less risk of your broker going belly-up. Uninterrupted internet, phone and power services are vital. Many countries in Europe cannot guarantee these to all regions all of the time. Political climate and political stability generally has to be crucial to traders' successes. Who wants to find they're suddenly living under government by a people's republic who make financial speculation a crime on Day 1? Or living and doing business in a country which is unexpectedly annexed by a neighbour? Or where the national currency is suddenly devalued? The UK offers the usual routes to access the markets but in many jurisdictions across the globe, CFD's and spreadbetting are not even permitted.
Anyway, if you're too depressed to trade because of the horrible place you live in, what's the point?
He was asking about Estonia, not Moldova or Kosovo. Living standards in cities like Tallinn and Tartu are high. You can even get your Tesco cookies to keep your British heart content. With Brexit uncertainty in the air, Estonia is arguably more stable: "Flexible and large financial sectors mean more choice between brokers, less risk of a cartel operation and hopefully more financially sound firms in these markets so less risk of your broker going belly-up." It's 2018, trading is electronic and global. You make it sound like we're still in 1975 going to our local bank around the corner. I'm an EU citizen living in Asia, trading via an UK subsidiary of a US brokerage, how about that? "Who wants to find they're suddenly living under government by a people's republic who make financial speculation a crime on Day 1?" Estonian gov't is more right wing than the UK, so it's more likely to happen in UK. How often does what you said actually happen in Europe? I haven't seen a country forbid financial speculation anywhere in Europe in my lifetime. "Or where the national currency is suddenly devalued?" The currency is Euro. "Or living and doing business in a country which is unexpectedly annexed by a neighbour?" This is a risk but if you're renting an apartment and your funds are in an US/UK broker, it will not dramatically alter your life. Besides, if WWIII breaks out, I doubt your money will be any good anywhere. "Uninterrupted internet, phone and power services are vital. Many countries in Europe cannot guarantee these to all regions all of the time." Estonia has fiber internet in all cities and you will probably see 3-4 disconnections per year which won't last more than a few seconds. "The UK offers the usual routes to access the markets but in many jurisdictions across the globe, CFD's and spreadbetting are not even permitted." In Estonia only certain online gambling sites are banned, same goes for UK I believe.
tomorton would be correct if you were planning a move to Nigeria or Venezuela, I'd definitely echo his views. But none of his points really apply to Estonia (or Latvia, Lithuania, Poland etc.).