New directions for digital nomads


During 2021, more than 30 countries around the world launched digital nomad visas, providing the opportunity to reside on their territory for a period of time. More than 10 more countries then announced their intention to follow this example, and many of them have already put their plans into practice. Some destinations look downright exotic and are unlikely to be of interest to a large number of potential expats, but there are others that are sure to be in high demand.


Spain

From January 2023, non-EU citizens will be able to apply for a teleworker visa (visado de teletrabajo), albeit subject to meeting a number of requirements. Firstly, they must have a valid contract with a foreign company based outside Spain, and 80% of all income (minimum €2,000 per month) must be derived from it. The candidate must have at least three years of work experience, and for the company, the period from the date of foundation must exceed one year.

This visa will initially be issued for one year with the possibility of extension for a total of five years. In addition to this, its owner is allowed to take his spouse and minor children with him. For the first four years, the tax rate will be 15% instead of the standard 25%.


Portugal

Previously, digital nomads could come to the country and obtain a residence permit under the D7 visa for freelancers and other categories of financially independent persons or under the Manifestação de Interesse program. From October 30, 2022, a special visa was introduced for them, allowing them to stay in the country for one year with the possibility of further extension of this period.

Compared to D7, the financial requirements for applicants have increased significantly. Now officially confirmed monthly income must be 4 times the minimum wage – that is, 2820 euros per month instead of 705 euros.


Montenegro

On October 22, the Montenegrin government decided to issue a “digital nomad” visa with a residence permit for up to two years. It is believed that it will to some extent be able to compensate for the closure of the Golden Visa program, which made it possible to obtain Montenegrin citizenship in exchange for investments, but in reality it does not provide comparable preferences. In particular, remote workers will not be able to work for local companies, provide services to individuals and legal entities, or open a business here, although in return they will be exempt from paying income taxes.

An applicant for registration of an appropriate residence will need to show a monthly income of 1,350 euros (three minimum wages) and confirm the fact of working for a foreign company. For a period of up to one year, a spouse and minor children, including those born out of wedlock, can come with him.


Latin America (Argentina, Colombia, Ecuador, Costa Rica)

The example of Brazil, which was the first in South America to introduce residence permits for “digital nomads,” was followed by several other countries. In Argentina, foreigners working remotely can stay for six months and subsequently extend their stay for the same period. However, this program only applies to citizens of countries with which Argentina has a visa-free entry agreement. The package of documents required to apply for this type of residence permit, in addition to the standard set, includes an employment contract with a foreign company, proof of income, a diploma of education and a resume indicating professional experience.

In Ecuador, a two-year residence permit for “digital nomads” with a possible extension for another two years is issued from October. Applicants are required to have an income of at least 1,275 USD per month or 15,300 USD per year, which must be documented. Unlike most countries, you will have to pay a not so symbolic amount for obtaining a residence permit – about 450 USD.

A similar residence permit in Colombia will also be valid for two years, and it can be requested not only by foreigners working remotely, but also by those who want to open a digital technology business here. The minimum monthly income they need to demonstrate is 2250 USD (three local minimum wages).

In the case of Costa Rica, which has started issuing visas for “digital nomads” under the 1+1 year scheme, the minimum income is set at 3,000 USD per month for a single applicant and 4,000 USD if he comes with a family member. Local authorities proceeded from the fact that the majority of those wishing to move to this country live in the United States and are qualified specialists.


Indonesia

Immediately for five years – more than anywhere else – foreigners who intend to work from here for foreign companies remotely will be able to stay in Indonesia. There are more than enough people willing to move to this country (especially to the island of Bali), as evidenced by the results of various surveys. In addition, it is assumed that the income of “digital nomads” received from abroad will not be subject to local taxes, although the final conditions and requirements have not yet been announced.



Source link