When the UK leaves the EU in January 2020, the British need to have a visa to travel to the EU. This probably to have a significant impact on individuals and businesses.
What would be the best options for those UK citizens who have no ancestry and descent links with another European country?
Can virtual citizenship or e-Residency be of any help?
Virtual citizenship or e-Residency (which is started by Estonia) are not going to get you a permanent residency.
E-Residency is a kind of residency which can help you run a business remotely, by providing you facilities like company registration, banks account, tax handling etc. It costs around €100.
However, you would still need a visa to travel to the EU. This option can be good for those who are living outside Europe and want to add some credentials to the business by showing that it is registered and operating in Europe. E-Residency can be good for startups or online business to provide more peace of mind and transparency to their clients.
Remember, the UK is leaving the EU, not Europe.
You may consider something like applying to Portugal residency. It is close to the UK and has nice weather. Still, you need to spend years there to get eligible for a Portuguese passport.
There are three ways to get citizenship of another EU country.
Interestingly, wealthy tories are applying for citizenship in other EU countries.
The UK passport once considered the most powerful is going to face some serious issues.
https://www.independent.co.uk/news/uk/politics/tory-donor-eu-citizenship-brexit-cyprus-passport-boris-johnson-a9255266.html