There are quite a few countries around the world that offer residency immigration programs, although almost all of them are aimed at home buyers, businessmen or large investors in securities. However, in some countries it is possible for financially independent people to live legally, such as pensioners and rentiers who receive passive income in their home country, or so-called “digital nomads” who work for foreign companies.
Due to the fact that due to the Covid-19 pandemic, employees of many non-state firms and enterprises were transferred to remote work, the need for their periodic presence at the workplace was no longer necessary. The authorities of a number of states quickly responded to this change, opening the doors to these “digital nomads”, who, by the nature of their activities, can work remotely from anywhere in the world.
Among the EU and Schengen countries, Estonia began to accept the first application for a long-term D visa – back on July 15, when many borders were still closed. The corresponding law, discussed for several months, came into force two weeks earlier. The most active applicants were Russians, which is explained primarily by the proximity of this Baltic state and the lack of need to learn Estonian, since many local residents speak Russian or English. It is expected that no more than two thousand people per year will apply for a residence permit within the framework of the “electronic residence” program.
If previously it was possible to obtain a residence permit in Croatia on the basis of employment, business ownership, higher education or family reunification, now “digital nomads” can also count on living in this Balkan state. To do this, they will need to have a confirmed source of income from working online for a foreign organization, as well as a long-term rental contract for real estate in Croatia.
Over the past twenty years, many Caribbean countries have become participants in the Citizenship by Investment program, thanks to which foreigners have the opportunity to enter the EU, USA, and UK visa-free without the need to reside on the islands. Now, governments in these countries are inviting “digital nomads” who can work remotely while looking for a safe permanent home as the coronavirus spreads. These countries included:
1. Cayman Islands
In accordance with the Global Citizen Concierge Program, foreigners can stay here for up to two years, subject to providing a package of documents (contract with employer, letter of recommendation from a bank, notarized, medical insurance) and passing a security check. In addition, proof of financial solvency will be required – a stable income of at least $100 thousand per year.
Digital nomads’ stay in Bermuda, which is a British overseas territory, is limited to one year. To obtain the appropriate certificate, you must provide a valid contract with an employer operating outside the islands. Mandatory conditions also include medical insurance and a certificate of no criminal record.
As in the case of Bermuda, a foreigner working remotely for a foreign company will be able to reside on the island for a maximum of one year without restrictions on the number of entries and exits. In addition to meeting the standard conditions, you will need to confirm your financial independence – having an income of at least $3,500 per month before taxes.
This island nation, located in the southwestern part of the Indian Ocean, 900 km east of Madagascar, has launched a Premium Travel Visa program aimed not only at officially remote workers, but also at freelancers and retirees. To obtain a national visa allowing you to live in Mauritius for a year, you will need to prove that you have a regular source of income abroad. At the same time, foreigners will not be able to get jobs in local companies.