Digital Nomad Visa Schemes Around the World
Post-pandemic, many countries have introduced digital nomad visa schemes, allowing remote workers to live abroad without changing occupation. Countries like Spain, Italy, Greece, Estonia, Portugal, Indonesia, UAE, Costa Rica, and The Bahamas offer attractive schemes with varying requirements and benefits.
Key Points
- Digital nomad visas allow remote workers to live abroad for a limited time while working remotely
- Applicants need to show proof of health insurance, accommodation, and financial stability
- Countries like Spain, Italy, Greece, Estonia, Portugal, Indonesia, UAE, Costa Rica, and The Bahamas offer digital nomad visa schemes
Pros
- Opportunity to live in a different country while working remotely
- Visas span between one to five years, with potential for renewal or permanent residency conversion
- Attractive tax implications and lifestyle benefits in some countries
Cons
- Complex application processes and varying requirements across different countries
- Taxation can be confusing for digital nomads, requiring consultation with tax experts
- Minimum income requirements and proof of financial stability needed for eligibility