Seems like a broader version of what Estonia are already doing with e-residency[1]. Registering a company online in a few hours is already easy in a few jurisdictions around the world (e.g: the U.K.[2]) so this isn’t a particularly revolutionary but the intent it signals is good.
[1] https://www.e-resident.gov.ee/ [2] https://www.gov.uk/government/organisations/companies-house