Digital Nomad Visas: Your Chance to Explore World and Earn Big Bucks

Source: edenias.com

With all its hurdles, hard-to-solve issues, and other challenges, the modern world is still full of unique opportunities, be it for life, studies, relocation, or work. In the latter case, globalization, digitalization, and travel brought all-time employment chances with them. Folks in the digital industry might feel the most privileged as it is with open arms that multiple jurisdictions welcome them. Tired of your surroundings? Go ahead and move elsewhere, with at the very least 34 countries offering digital nomad visas in 2022 and 6 more on the way to amend their legislation and allow them this is no longer an issue.

Considering the enormous number of countries that issue digital nomad visas to remote workers arriving from abroad, it is the choice that is your greatest issue. Selecting the destination that will be right for you and won’t come with dissatisfaction or regrets afterwards is a task that you can obviously use some help from outside to efficiently cope with. At International Wealth, we have both the latest information and highly-qualified industry pros ready to assist you with starting a new chapter in your life and picking up your gem.

For openers, take a look at the jurisdictions that keep their doors open to digital nomads from overseas in 2022:

Source: shipit.co.uk
  • Thailand
  • Taiwan
  • Seychelles
  • Serbia
  • Saint Lucia
  • Romania
  • Portugal
  • Panama
  • Norway
  • Montserrat
  • Mauritius
  • Malta
  • Latvia
  • Iceland
  • Hungary
  • Greece
  • Germany
  • Georgia
  • Estonia
  • UAE (Dubai)
  • Dominica
  • Cyprus
  • Curaçao
  • Croatia
  • Costa Rica
  • Cayman Islands
  • Cape Verde
  • Brazil
  • Bermuda
  • Barbados
  • Bahamas
  • Argentina
  • Antigua
  • Anguilla.

Don’t forget the ones where the opportunity is booming on the horizon and will be turned into reality in the near future:

  • Spain
  • South Korea
  • North Macedonia
  • Montenegro
  • Grenada
  • Colombia.

Depending on your personal situation and circumstances, selection criteria may vary. Let’s dig deeper into the most popular ones:

Source: engoo.com

1. Costs and expenses involved

No doubt, money talks. For certain visa applicants, this factor is crucial. If looking for the most affordable options to obtain your digital nomad visa, pay heed to Malta (USD 315), Belize (USD 250), Montenegro (USD 205), Portugal (USD 163), Taiwan (USD 160), Croatia (USD 155), Romania (USD 126), Hungary (USD 118), Germany (USD 100), Estonia (USD 100), Serbia (USD 95), Greece (USD 88), Brazil (USD 70), Cyprus (USD 63), Iceland (USD 60), Cape Verde (USD 57), Georgia (USD 33), or Thailand (USD 30 per applicant only). On the opposite spectrum end are the Bahamas (USD 1025), the Cayman Islands (USD 1469), Grenada (USD 1500), Antigua and Barbuda (USD 1500), Anguilla (USD 2000), and Barbados (USD 2000). The rates above are for single candidates. If you take your family with you, you’ll be requested to pay more, with exact amounts depending on a certain digital nomad visa scheme. You are welcome to contact the International Wealth consultants for further details. Mind that in Mauritius, e.g., digital nomad visas are issued to applicants free of charge.

2. Visa validity

If your purpose is staying in the target jurisdiction on your visa as long as possible, head for Thailand (48 months), Norway (48 months), Germany (36 months), Taiwan (36 months), Costa Rica (24 months), the Cayman Islands (24 months), or Antigua and Barbuda (24 months). The countries offering visas valid for 12 months on our list are Seychelles, Saint Lucia, Romania, Portugal, Montserrat, Montenegro, Mauritius, Latvia, Hungary, Greece, Grenada, Georgia, Estonia, UAE (Dubai), Cyprus, Croatia, Brazil, the Bermudas, Barbados, and the Bahamas. The remaining ones come with shorter visa validity periods for digital nomads, although some do offer an opportunity to extend your visa after it expires. 

Source: cntraveller.in

3. Extension

In Thailand, Taiwan, Seychelles, Saint Lucia, Serbia, Romania, Panama, Portugal, Portugal, Norway, Montenegro, Malta, Mauritius, Hungary, Latvia, Greece, Grenada, Georgia, UAE (Dubai), Dominica, Curacao, Cyprus, Croatia, Cape Verde, Costa Rica, Brazil, Belize, Barbados, the Bermuda Islands, Antigua and Barbuda, and the Bahamas, the digital nomad visa you receive comes with an opportunity to renew it after the validity term expires. As you can see, the jurisdictions that do not provide it are sooner an exception than the rule.

4. Health insurance

Obtaining health insurance after you make up your mind to go overseas is not only sound common sense but also a requirement in every state that offers digital nomad visas. This sounds logical for who will pay your medical expenses if anything happens to you while you are abroad?

Source: medium.com

5. Taxation

Most states with digital nomad visa programs in place do not require their digital nomads to pay a personal income tax on the income they receive under the visa terms. Certain exceptions do exist, and they are Brazil, Estonia, Georgia, Germany, Hungary, Latvia, and Montenegro.

6. Income documents

Submitting documents to prove your current income is something you will have to deal with in most states that have implemented digital nomad visa programs. Not only are the said documents used to support your visa application but also certify your financial solvency to the local authorities. The only jurisdiction on the International Wealth list that does not currently impose the above requirement is Curacao. Mind that things are subject to change and if you set your eyes on Curacao as the jurisdiction you would like to apply for a digital nomad visa in, the International Wealth consultants recommend you check the program for amendments first by contacting us.

Source: lawfully.com

7. Climate

Are you tired of cold and gloomy winters in your home country? If the climate is what motivates you to make the move, consider the Caribbean states or the likely welcoming territory with a digital nomad visa program in place. Anguilla, Antigua and Barbuda, the Bahamas, Barbados, the Bermudas, the Cayman Islands, Dominica, and Costa Rica all boast superb vacation-type weather almost all year round. If you are not prepared to travel that far, take a look at Croatia, Cyprus, Greece, Georgia, or Montenegro. Most of them boast popular top-notch resorts and vacation places you will enjoy. FYI: compared to the ones above they will cost you less with no loss of quality.

With the above wealth of choices, it is hardly surprising if you are at a loss as to where to turn to. However, keep your head up, the task is easy to handle for the industry’s best. To analyze your current situation, accounting for the desires, wishes, and aspirations you have, you are welcome to email the International