Digital nomad work lets you travel around the world while you continue working and is gaining popularity every other day another video of DN pops up on your feed.
Post pandemic many countries have introduced this visa, as tourism dropped. Working from home become new norm during pandemic and this made it easier to switch countries as well as work remotely. A new class of wealthier digital nomads were born, and countries started actively targeting them with this new visa program. Tax revenues mainly VAT, customs duties and visa application fees are the income stream that government wants to tap from this class of immigrants.
There are so many people out there living the dream and if you wish you could be one of them, all you need is a remote job with income that can sustain your ambitious nomad lifestyle and that is the principal requirement set almost by all countries according to the living standards in their country.
Often the requirements in order to successfully apply for it are mentioned below:
Its bit complicated, while some countries expect them to pay full tax some others allow deductions and reduced rate of taxation and there are some with zero tax due to double taxation treaty but almost all of them requires private health insurance and no social security contributions.
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Europe – Georgia, Croatia, Czech Republic, Estonia, Iceland, Germany, Norway, Portugal, Spain, Malta, Greece, Romania, Hungary, Cyprus, Latvia, Albania and Italy, Montenegro, Serbia, North Macedonia (TBA)
Caribbeans – Barbados, Antigua & Barbuda, Bermuda, the Cayman Islands, Anguilla, Montserrat, Dominica, the Bahamas, Curaçao, Saint Lucia and Grenada
North and Central America – Costa Rica, Mexico, Panama and Belize
South America – Brazil, Ecuador and Columbia (TBA)
Middle East: UAE (Dubai)
Asia – Taiwan, Srilanka, Thailand, Malaysia, Indonesia (TBA)
Africa – Mauritius, Cape Verde, Seychelles, Namibia, South Africa (TAB)