What is a Digital Nomad Visa? Who is Eligible? And More!
The coronavirus outbreak has significantly changed the way people work. Many companies and professionals have come to know that they don’t have to be bound by a location to work productively. They can work from exotic beaches, foreign towns, and pretty much anywhere they would want to.
To facilitate such travel and work lifestyle, many countries have introduced Digital Nomad visas. Though, the names of this new type of visa may differ from country to country. But generally, the offerings on such types of visas from your new country of (temporary) residence are the same. Go through this blog to understand what a digital nomad visa is, apply to your favorite workation destination, and book affordable flight tickets with Bookme at the end of the process. Put your reading glasses on and dive into this article to learn about digital nomad visa.
What is a Digital Nomad Visa?
A digital nomad visa is a workation visa that allows you to travel to a new country and legally work from there. So, if you are thinking about moving to another country and working remotely, opting for a digital nomad visa is a better option to choose.
Besides being able to work legally from a new country of residence, another benefit of a digital nomad visa is that you can have longer stays. Usually, a tourist visa allows a stay of a month in a new county. In contrast, a digital nomad visa allows you to stay for 90 days to an extended period of two years or even longer. The allowed time of stay varies from country to country. So, it is something you should check with the embassy of the country.
An added benefit of a nomad visa is the fact that you can open accounts in your country on residence. Also, renting an apartment is easier with a digital nomad visa. So, there are plenty of reasons why remote workers wanting to explore international destinations apply for this type of visa. Lastly, some countries even offer tax exemptions for digital nomads which is another amazing benefit one can leverage.
Who is Eligible for a Digital Nomad Visa?
Now that you know what a digital nomad visa is, the second thing you need to know about is the eligibility criteria. The requirements vary depending on which country you are planning on staying in. The following are the things required to be eligible:
A Remote Job or Business You Can Run Remotely
The first requirement for you is to have a remote job or a business you can run remotely. Generally, this job should be not in the country of visit but elsewhere. You will have to provide proof of employment. This is to ensure that a temporary resident does not have to look for local jobs to survive in the new country.
An Income Above or Equal to the Minimum Requirement
For the same reason as earlier, countries with digital nomad visa opportunities need you to make an earning enough to sustain yourself. These figures can be as low as $1000. Some countries even have no minimum earning requirement but have their own criteria of confirming if the applicants can support themselves in the new country or not. However, among such countries like Bermuda, the cost of living is even higher than the USA.
Many countries require you to have health insurance to cover the medical expenses during the stay. This requirement is to ensure that visitors do not become dependent on the host country for any type of medical expense related assistance.
Popular Countries Offering Digital Nomad Visas
Many countries are actively introducing nomad visa programs. The following are a few popular ones worth considering:
Estonia was the first country to introduce a digital nomad visa. Remote workers can work and live in the country for a year. However, the monthly income requirements for this country are quite high. But upon getting a visa, you can visit other Schengen countries like Finland, Germany, Sweden, etc.
Georgia is a country at the intersection of Asia and Europe. So, moving there with a digital nomad visa gives you the opportunity to enjoy the best of both worlds. Through the country’s “Remotely from Georgia” program, remote workers and business owners can live in the country for up to a year.
Barbados has its “Barbados Welcome Stamp” that allows visitors to live and work on the island for 12 months. And the best part is that your freelance or remote work income is not subject to local income taxes.
Bermuda has a “Work from Bermuda” program that students and remote workers can apply for. A major benefit of applying for the country is the fact you don’t have to declare your income like most countries offering digital nomad visas. But on the flip side, the cost of living in the country is quite high.
Dubai is usually a place where the world loves to go for vacation. But now with the “One-Year Virtual Working Programme”, nomads can live in Dubai and work for companies around the world.
For those seeking permanent residence followed by a remote working visa, Portugal is an amazing destination. The country is known for its tax exemptions on most sources of foreign income which makes the country more appealing to digital nomads.
Other Countries Offering Digital Nomad Visa
Besides the ones mentioned above, you can check out the following countries for digital nomad visas.
- Costa Rica
- Czech Republic
- Antigua and Barbuda
- Cayman Islands
Before you choose your destination country, it is highly recommended to visit their official website or embassy. Do your complete research before making your decision. Once you have made all the necessary arrangements, the final step is to buy flight tickets from Bookme. Compare flights and get solid discounts upon making your bookings with our website.