7 Pros and Cons of Digital Nomad Visas
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- čas přidán 27. 07. 2024
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As the name implies, digital nomad visas specifically target remote workers. Countries with digital nomad visas usually offer flexible terms ranging from a couple of months to a year of stay, provide multiple entries, and can or cannot be renewed for an extension.
Digital nomad visa countries also offer zero to minimize tax liabilities. Depending on which country you are applying for, you often will find that these countries do not tax your income. Most only require that you provide proof that you are a remote worker or that you have a tax residence.
And lastly, countries with digital nomad visas attract remote workers to their shores through an easy application process. Some can be done entirely online.
In this video, Andrew shares 7 Pros and Cons of Digital Nomad Visas.
00:00 Start
0:29 Nomad Lifestyle
2:00 Digital Nomad Visa
2:09 Living in Bali
4:11 How to Move to Thailand
4:47 Living in Mexico
5:42 Living in Georgia
5:45 Moving to Albania
6:12 Living in London
6:28 How can I move to Southeast Asia?
7:28 Living in Costa Rica
8:29 How to Move to Europe
8:53 Moving to Portugal
9:16 Hiring in Germany
15:28 Moving to Estonia
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
What Are The Best Digital Nomad Visas?
I think it would be a nice addition to your video series if you make a vedio about investment in British overseas territories like Cayman Islands, British Virgin Islands, Montserrat,.. etc. to get British citizenship
Georgia still tops all
Portugal easiest eu citizenship to get. Get a nomad visa give birth in Portugal your child becomes portuguese and that ´s all.
FYI, Thailand has been advertising a new 10 year Long Term Resident ((LTR) visa beginning September’22. It costs 50,000 baht (about $1,700), and has benefits. Looks very interesting.
Per year or one-time fee?
Apparently the main requirement is to have a health insurance of $50,000 OR have deposited $100,000 in your bank in the past 12 months. Also have an income of $80,000 for the past 2 years.
@@Waiel I saw that. It doesn't seem like it'll be a very popular program. $80k USD per year in Thailand is extremely high.
@@travisxpickle fee is for 10 years, until the visa expires.
@@travisxpickle one time fee for 10 year visa
Brazil and Argentina also have started a digital nomad/remote worker visa. They look intriguing and easy to get.
The government website for Argentina says its not yet available. I've been trying to get it 😪
Thanks for covering that. Those visas greatly improved the state on non-residency for those who want to leave their country.
Great information. It sounds like applying for a permanent residence is the way go, if you are wanting land, a home, and eventually a 2nd citizenship. Thanks for separating the differences. No digital visa for me!
Digital nomad visa is just a tourist visa with additional income and healthcare requirements. However IF the time spent in country counted towards citizenship, that would be a game changer
I admire the work of namad capitalist. I wish to join your program but i don't have enough capital to qualify for it. And if i have enough capital then I will not think twice go for your program as i have been following you for quite a long time and now I trust you completely.
Love your compilation
Very interesting 😊
Glad you enjoyed.
Does your service offer assistance in renouncing our western passport once we aquired a second passport. I want to just use the second and accuire different residence visas on it.
Thanks, very informative! Do you know if it’s legal to work remotely while on vacation? It seems to be a grey area? Some sources say yes, because of tax treaties, not taking jobs from locals, not in a bricks and mortar building, paying taxes in home country Etc, etc… but others say no, but don’t really explain why? Also when arriving in a country most suggest the purpose of the visit as vacation Etc… but what if asked about occupation? I wonder would the entry rules state not to work while on vacation? Any answers appreciated as I’m an English tutor and I travel a lot! Best Wishes, D
Where are countries that they want you to stay longer?
If you are on a digital nomad visa are there any restrictions on your movemmer in and out of the country. I mean can you leave and return multiple times within the yr?
How difficult is it to get temporary residency in Georgia? I know mexico is supposed to be very easy but I'd love to learn more about Georgia's program since you and other people love it so much :)
For most nationalities, you can just show up as long you don't stay more than a year in one go. If you don't qualify or want something more permanent, +/- $100k in real estate investment can get you in long term.
@@rosebogert6047 true but what about obtaining residency? That tourist visa program could always change
@@BlazeGuitarLessons You have to buy property in excess of 100k USD. There is also program where you can just invest 300k (with a lot of stipulations that would require professional help to make sure you get right). The latter allows you to upgrade the temporary residence to permanent residence after 5 years rather than 10.
@@scottwillie6389 Totally agree. You can get an okay home for $100k nowadays in some okay neighbourhoods. And you need a place to live anyway.
one more pro of a digital nomad visa in my case is that it is a lot less beurocratic than other types of visas, which is a big plus specially when you already live outside of your country of origin (that issued all your paperwork). Plus the school for kids requires visa and kids can't be admitted on the 90 days social pass. Student visa is an option and should be straight forward to apply and get but it is very demanding when it comes to paperwork.
What are your opinions on taxes for digital nomad visas? I know it varies per country, but for some countries like Colombia the rules are really grey. Colombia claims they tax you on your global income, including properties owned abroad if you reside in the country for more than 180 days each year. Do you think these visas are worth it if you'd be paying taxes to your home country and the country where you have the digital nomad visa?
Getting these visa's all seem like a tax nightmare.
Can’t us citizens use e gates in UK? First time there I was held to the fire for a long time for a two day trip. This last time I didn’t talk to anybody
Does your spouse get a work permit if you get a digital nomad visa? If so, in which countries?
Netherlands included an agreement in their coalition deal to modernise dual citizenship provisions. They are supposed to meet with the SNBN (Stichtung Nederlanders Buiten Nederlanden - Foundation for Dutch people outside Netherlands) in October. We shall see.
Hey man, any updates on this?
@@guusgeluk3693 Draft Bill was published for comment on 1 April, and closed on 15 May. Now they need to make a final version and send to parliament. Follow Stichting voor Nederlanders Buiten Nederland.
@@JonathanWrightSA awesome thanks for sharing!
I’m guessing the nomad visas are cheaper than the more permanent options?
I think it would be a nice addition to your video series if you make a vedio about investment in British overseas territories like Cayman Islands, British Virgin Islands, Montserrat,.. etc. to get British citizenship
it seems strange that some of these places don't just want you coming and going on a visa . Well, while you are there you are spending money. why wouldn't they want that?
If you want you child to hold an eu passport then come to portugal as digital nomad. Visa recentely approved. Anyone born in Portugal to a legal resident automatically becomes portuguese. Anyone born in portugal to an illegal migrant residing here for more than 1 year is automatically portuguese
I don't understand your point of tourist visa vs remote work visa: aren't you illegally working from a country if you're on a tourist visa? It can also be a tax liability for the company you're working for.
With an income at about $6k to $7k per month fully remote where I should be working from?
anywhere you feel drawn to
Ideally from your laptop
Depends on a few things
What passport do you hold / country of primary residence ( If you're in the US , Mexico might be a better option, or if you're in Australia, Bali is a common option )
What destination you're interested in etc
What kind of lifestyle you're interested in
Nomad you should offer digital nomad visa prcessing. you have 600k subscribers you could do it.
Best nomad jobs?
programmer
designer
content creator
assistant
basically anything that does not require an office to operate
Dear sir, good day , i watch your inspiaring and very useful video al the time if i get time , can you advise me i am Basically marine chief engineer also did MBA in Finance from RRU Canada , i want to migrate a country with muslim culture and living cost is merginable , i doesn't have that much capital to go as a investor , i am Bangladeshi national by birth . Thanks sir
You always have an excuse that stops you from starting a business, Then you are the one to demolish the excuses and get started ! a fellow creator[][][]
Top USA psychic Michelle Whitedove predicts a $3000 $THETA
You couldn’t pay me to live in most of South America with their crime rates!
1st comment! Digital nomad visas....if it benefits the digital nomad and the country, then all the better!
How much of this advice "originates" from comments of others... simply see what others are saying, and repeat... does not make you a rocket scientist - understanding the field, is more than latest buzzwords...
The words come so fast that they blur together, yet the info bandwidth is slow due to circling back to the same point over and over. Can be exhausting to decode words, esp with poor audio or english skills. Don't need glossy air of excitement, just let solid content sell itself.