Estonia's e-residency project launched an advance test registration of interested individuals on Monday, amassing more than 4,000 new potential "e-residents" in its first 18 hours.
That would bring in an estimated 200,000 euros in profit, said Taavi Kotka, the Ministry of Economic Affairs and Communications's deputy secretary general for communications and state information systems, on his Facebook account.
Estonia is the first country to offer e-residency, a digital identity provided by the government to non-residents that offers them access to all digital services in Estonia.
E-residents will be issued a digital identity card that allows them to use Estonian and EU public and private services. The aim is to create additional economic and research opportunities in Estonia by making things easier for foreign entrepreneurs, investors and specialists.
People will have to pay 50 euros get e-residency, meaning that if all those 4,000 who have expressed interest in the project will take up the offer when the program goes live in the end of 2014, Estonia will earn 200,000 euros from the registration fees alone.
Kotka told ITuudised.ee that at this stage they are accepting applications, and e-residency itself will only become available in December.
"At the moment we are testing the service, like all start-ups would," Kotka said, and added that the next step is to make contact with those who have registered and find out how the proposed services can benefit them the most.