Digital Nomad Visas are changing the global economy
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- čas přidán 20. 10. 2023
- 58 countries are now offering Digital Nomad Visas -- but how are they impacting local economies for better & worse?
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Basically it’s a western colony filled with western bars and cafes suiting foreigners’ lifestyle rather than the locals
That's how it is. And western people ripping of western people when it comes to prices
Who wants to live in a shanty hut? No one if they had the choice.
@@journeylife7491 here comes the typical colonizer’s “savior” mindset, Im here to save yall by me taking advantage of your cheap labor and poor condition! Let me partner with our other western friends and hire yall locals for all the low paying manual work!
gentrification
Goes both ways 👀
As an Indonesian, I'm okay with nomads, however, I'm concerning about the usage of USD for transaction within our borders, every transaction within our border should be done in IDR, and the ads for rent, or selling things should be listed in IDR, not USD
Maybe the locals prefer USD inside
maybe the reason they go for USD is so that they can convert USD to IDR and get more out of it.
@@neisanland2503 when I was in Thailand. I wanted to buy Thai notes. The booth person said they will convert it from matching it with USD exchange rates. I could not use my Australian cash to do that.
Don't worry - no one is actually paying in USD. But the entire global populace understands the *value* of USD, so it makes more sense to things in USD if you're catering to tourists and expats. I've been here long enough where I can easily do the mental math to convert, but once prices get above 1 Billion IDR, like if you're trying to purchase real estate, I prefer to see things in USD so I can more easily figure out how much I'd potentially spend. If I were to actually buy that property, of course it'd be converted to IDR. It'd be completely illegal to do otherwise; legal tender *must* be in IDR.
Using USD is countries we travel to is bad for the tourists and bad for the locals in general. it very obviously increases the costs sharply. I’m in cambodia right now and your food & drink expenses actually go up here because of the USD use compared to bangkok or KL. I do imagine it benefits the business owners, but local customers are getting screwed now.
My island of Puerto Rico suffers from this but i have tried to explain is the issue isn’t the nomads. The issue is the way it drives prices up. Most nomads I’ve been seeing are humble usually educated obviously. In PR they were very surprised at the cost of food. The problem is the corporations who are given advice from accountants buy real estate and are left as a loss to the company then the company claims that lost profits. Again it’s not the digital nomads faults it the unrestrained issues it causes for locals
So it is the fault of nomads, we cant blame them morally, but from a cold logical standpoint they are a major reason behind this phenomenon.
@@HelloOnepiece yes it’s is accurate . I agree with you on the business side that is the reality. Still fault of nomads
Arriba los Boricuas!
@@HelloOnepiecewe can blame them morally, they’re guaging the local population. I have no empathy for these large corporations. Business is A RISK. Risk means you can fail. They failed so boohoo they should deal with the consequences
@@HelloOnepiece this is true but the governments allow the context and situation to happen. The solution is purely political
Interesting that from about 2015-2019 Chiang Mai was the undisputed digital nomad hub of the world, but then Bali upgraded its internet and the rest is history.
Chiang Mai attracts more low key nomads. Bali attracts nomads that want more social interaction and networks. It’s working well.
Not so sure about that. I led the research initiative at Chiang Mai University from 2015-17 that looked at the socio-economic impact of DNs of the greater Chiang Mai region. There were DN events every night of the week all over town.
@@tvtriviachampion
Interesting. Been to both and tbh, Chiang Mai hands down is a lot more tranquil than Bali :)
I landed in Chiang Mai from 2017-2019. It had a great run until the government started cracking down on visa runs. I eventually got a work permit and hired on to a Thai company. I miss it.
A proper digital nomad experiences both Chiang Mai and Bali eventually
Digital Nomads have created a 2 Tiered class structure with the Balinese at the bottom. Locals have sold their generational farmland for short term profits, rice fields are on their way out to be converted into hotels, guesthouses, cafes and restaurants with the locals being paid sh#t wages as modern day serfs.
I resided in Bali from 2020 until 2022 during the pandemic era. Bali has gone downhill in so many areas, it no longer feels like the rest of Indonesia, its been taken over by bules especially disrespectful Russians who don't care about the local people or culture.
This once beautiful island is now dirty, polluted, beaches are filthy and the traffic and crime are increasing. I'm glad I left and will probably not return.
this.
You left off the the people of Bali are generally much richer now than 10-20 years ago. Some of what you brought up are valid concerns but let’s keep these discussions honest
it's the balinese who did this to themselves tbh
Balinese are pretty well off now, because they sit on a gold mine which are their lands, sold at $20k per are
I went for my Honeymoon in 2019, BALI was amazing at that time, i wanted to go back, this year, but its too packed, absolutely horrible!! They’ve ruined the Island and now, its on to the next one… we will see youtube videos of the new place thats going to be ruined by these people!! Its sad!!
I'm a digital nomad, but don't really want any part of the general community. I appreciate different cultures and cultural immersion and prefer not to be around a bunch of brogrammers in a foreign country.
Amen
i call the other type digital ex pats
Too good for your own lol
Southern Italy should implement this ASAP, hope this part of my country can prosper again
Under the current administration, seems impossible
you dont want people who can out money you to live around you, gentrification is a thing.
@@watagapitusberry7197 Italy is a different case because a lot of the country has a very low population and very low birth rates
@@watagapitusberry7197 gentrification will help way more than than surrounding people.
Because our case is very different
And this process will be soo fast and have a domino affect in the neighboring state
So yes we need more atleast wealthy and knowledgeable people in this area, rather than illegal migrants
A lot of gringos -er, Americans - are buying property in Southern Italy for retirement and renovating existing older houses. Of course, they have to hire Italians to do the work and use Italian real estate agents.
Great video. I'm an international tax advisor and mostly work with nomads - this is an area where traditional tax laws have not yet caught up with the modern world. It's ripe for change but it will be slow. In the meantime, sorting out taxes for these guys is messy lol
In the case of Aussies earning money from an Australian company while they live abroad, most are perfectly happy paying their normal income tax and Superannuation contributions into the Australian Tax Office and Super fund. Mostly because they know that it means they can go home for medical and other services if they ever felt like heading home or really needed to...
Maybe you know the answer: If the employee is citizen of Poland (EU) lives in Poland and work in US company remotely according to B2B contract (the citizen has an one-person business entity in Poland and just sends invoices to US company). How do the company should treat these invoices? As a regular expenses? I know how to pay taxes from employee side, but not from company side
I would imagine it's only messy if the DN is an American, as American citizens are the only ones that are taxed by citizenship, rather than by residency. As a Canadian, I can go and live my life as a DN and not have to pay taxes in Canada. Of course, I lose my tax-payer funded health care if I do that, but I find health care abroad is just as good, if not better, than back home and relatively inexpensive for the places I'd choose. However, I prefer residency visas over DN visas. That way I can actually buy a house and stay as long as I want, instead of hoping around the world every few months.
@@realismatitsfinest5745 yeah you're right it's mostly Americans which have the more complex cases. However another complexity is the people who move around a lot and have a trace in multiple places (like property, a business, family etc). For example, in certain circumstance having a property in Germany, Sweden, Spain or France can make you tax resident in those countries even if you spend no time there. But that won't stop the new residency country trying to tax you, so double taxation resolution is a common issue.
@@sprite7393 yes the US company treats this as a regular business expense. You may find that occasionally the US company might ask you for Form W-8BEN - this is a form used to establish that the contractor is not a U.S. person. It also establishes that the income is not subject to U.S. withholding tax under the U.S.-Poland tax treaty.
Malaysia has also launched its own Digital Nomad Visa called De Rantau
These 'digital nomad' asshats have absolutely ruined Bali, especially Canggu, and completely priced out local Balinese people from being able to live nearby their place of work. An Indonesian friend of mine is a real estate agent in Bali and he has explained how dozens upon dozens of families he has known for many years are being kicked out of their long-term homes by landlords who are seeing easy money (like, 10x the money) in these digital nomads... All they do is fill up the now empty apartment with low-cost furniture and fittings and have a local photographer come in and get shots of the newly decorated/furnished apartment and then advertise it on expat/nomad-centric websites. Just take a look at satellite photos of Canggu from 10 years ago compared to now...
Wonderful content. Great work instant sub man
This happens within countries too tho. For example...I live in the Miami/Fort Lauderdale area and with strict covid lockdown states like New York, people visited here and realized how cheap it was so then they relocated (since they can now work remote) with their inanely high NY salaries and drove the housing prices thru the roof! Locals are either moving back in with their parents, or out to cheaper states/countries, or getting multiple roommates to survive. And even worse, the Silicon Valley techies are moving here as well. So same concept of this video just within the States but across states :(
I'm in Florida, and I'm one of three 30 + year old's in a small neighborhood living with our parents, one of us is a lawyer. It's crazy how much rent has gone up.
Some foreigners have this mentality that they are superior compared to the locals.
Foreigner’s salary is way higher than the locals. It makes the foreigner entitled to what the place can offer. Meanwhile the local is being left out.
Ok so what do you say to the Chinese that come and buy everything up and employ you to give worse working conditions. Nothing that's what
I live in Tokyo long-term. Going to a country for a few months every now and then when you feel like it and spending all your time at hipster cafes chatting with your English speaking nomad friends doesn’t make you a local nor are you adding to the community in a meaningful way besides the money. One of the most underappreciated reasons why Tokyo is great is that people are invested in the place unlike most other cities - no matter how big it gets, people plan to live, have their families, and die here. Maybe short term the extra bucks from rich foreigners is a good thing, but IMO counties ought to aim for bringing in foreigners who actually are invested in learning the local language, assimilating deeply and making that place better.
What visa you on for long term stay in Tokyo?
Yeah true true
I have seen more foreigners becoming more locals in Bali. It’s been like that for a long time
That's because Tokyo or any part of Japan is a higher level of civilization so you are forced to assimilate and learn their language / customs. Japan won't bring themselves down to your level to accommodate your foreign culture. Whereas Indonesia is a low income / poor country desperately in need of investment and development so they have to submit themselves to westerners and their culture.
Awesome, Awesome video! "Holding the wrong passport" as a fellow Iranian person too, that hit too close to home.
Blame your grandparents for voting for socialist promises spewed from the mouths of violent, uneducated Islamic dictators...
Sri Lanka is a relatively new location for Digital Nomads, and it offers a variety of visa types for Remote workers and is currently less crowded plus much cheaper than Bali. The southern coast, especially coastal cities such as Mirissa, Weligama and adjacent areas are currently the hottest on the Island.
but then you would have to deal with sri lankans.
they just had a gov overthrow. hard no
@@DigitalYojimbo Don't get me started!
What's problematic about them?
@@DigitalYojimbo what's the problem dealing with them? There is no issues dealing with Sri Lankans. CZcams some travel videos about Sri Lanka and you'll know for yourself about Sri Lankas.
I subscribed a few months ago to your videos. You have a knack for interesting topics, thx so much! 👍
That’s so awesome, Thank You!! 🫶
My country doesn't even have Airbnb but renting per night destroyed market here since nobody wants to rent for people that need full time rent.
Great video and Many Thanks....!!!
🤩🤩🤩
Austrialian saying 4 weeks of annual leave isn't enough, meanwhile I have 2 weeks in US...
Meanwhile people in Japan have less.
Meanwhile people in 3rd world contries struggle to make enough to survive
Meanwhile ... stop whining.
@@johnzarek3628😂😂😂
Yeah while malaysia some people had only 8 off days per year
@@niidaimehokage5731 Well that's THEIR CHOICE!
Nobody asks you to live like a 🐶
Thin line between job slavery and chattel slavery...
Yes, these people enjoy Bali and reap the benefit, unlike the locals. The case with Canggu, many locals are driven out of that village to live somewhere else because the cost of living is higher than their monthly salary.
Well tell the landlords to stop charging more to non locals.
Yo, the foreigners keep building villa in Bali, not cool. Economy is running, but also there are GENTTRIFICATION
The problem with these "digital nomads" is that they are earning foreign wages while living in local cost of living. They are literally driving up costs locally while producing nothing, unless of course they pay the local tax. And unlike physical labor (how the hell do you digitalize that?), these digital nomads take no part in the active culture and community around them.
In my country this is a growing problem. Because foreigners needs to understand that when you are in a foreign soil, you actually need to communicate and take part in local activities so that the locals don't start othering you which will affect other foreigners too.
Thank you or saying this. I seen this happen when I travelled overseas. Often they will pay 6 months of rent all at once because its cheap to them. The push back is now happening and eventually the Government will have to make changes for digital nomads otherwise mass homeless will be an issue. What I see from these young nomads is they go and live on luxury because they cannot do that back at home. They not saving money but just spending like they rich. Its sickening.
Working remotely has become more competitive than ever since companies are tripling down and laying flat to make people go back to the office instead of letting them work remotely in order to save their real estate portfolio investments. Be prepared to go back in order to up skill and get more competitive experience and then go remote again if you lost that opportunity or never got to in the first place.
I have wondered how the back to the office movement is affecting Nomads. Are most digital nomads freelancers and consultants nowadays?
@@utamu80 nah not all. There's still w2 employees out there working fully remote.
@@infini.tesimo Most are freelancers as most US companies will not allow you to work remotely. There are many W2 workers working remote overseas but most of them using VPN routers to mask their location.
Depends really. If you are the kind who likes to travel or your the kind who preferred to have a daily routine.
its important to note some people do it in more rural areas, but the clear majority is in cities. ive never been a city person. also i prefer the long term/permanent stays
So basically Gentrification popping whereever theses Yes-Mads go
something about digital nomads that always confuses me... isn't it technically illegal to work outside of where your actual job is located because of tax reasons? how do they figure this out or is everything just hush hush no one will find out?
I think you just can't stay in a country for more than 6 months a year or you would get taxed by that country
i think the time depends on the country. for example in japan the us tourist visa is 90 days but it's only for tourism. technically you can work and study and there's a low chance of getting caught but ya.@@stevenismart
As long as you have the proper work visa (digital nomad visa) you can work anywhere. In the Philippines, the government grants 12-24 months of digital nomad work visa. In terms of tax, it's hard to answer that because every country has it's own tax laws. In the Philippines, if you are a foreigner, you are taxed depending on whether you stayed for more than 2 years. Basically, you are taxed the same way as the citizens if you stayed for more than 2 years. If you stayed for less than 2 years, you are taxed at 25% of gross income, but we also have to consider if there is double taxation agreement, so the tax rate might be lesser
For the UK we only owe tax if we touch ground there, if we kept moving around the world no tax is due to the UK. and then when we finally want to come home we have to stop work for 6 months and then return to the UK then we cant be back charged for the tax we missed.
As a US citizen, who immigrated to Mexico a year ago, I still have to pay tax to the US government and I can’t work locally which is a good protection put in by the Mexican govt. I’ve had local people ask to work with me, but I decline. Some may go ahead and take those clients, but I want to respect that I am a guest in this country (temporary resident) and therefore must respect their laws. Plus, I live in a very traditional neighborhood, so I see my neighbors every day. I’m not in an ex-pat or digital nomads bubble, what I do impacts those around me.
The locals raise the rent prices not necessarily the digital monads themselves. Both together.
It's the same thing that happened in San Francisco. The local landlords raised the rent prices because of the professionals from Silicon Valley.
Yep. Blame the greedy landlords. Then people complain. Well don't treat people differently. They charge foreigners more. Then complain about equality. Works both ways
I spent a couple months in Bali and it was absolutely incredible it was my favorite destination
It's no necessary a bad thing when done right. Allowing it in Bali is a pretty bad idea since it does change the landscape and culture to suit Western lifestyle but if you create entirely new cities in the middle of nowhere for foreign Digital nomads with the shops and restaurants that fits their foreign lifestyle, that's actually not a bad idea since it has no downsides
Gentrification, not paying taxes when poorer locals have to, extra pressure on local ecosystems (more people = more builidings = less natural areas). These natural areas which are what attracts people there in the first place, so it will affect tourism in the generations to come - same as touristic locations which boomed 20 years ago or more, are becoming emptier and emptier because no one wants to see concrete.
So there are negative sides to this.
@@barracuda833 It's easy to build an entirely new city that's right next to a beach, there won't be a "local culture" there since there will be an artificial culture that suits whatever foreign tourists, expats and digital nomads needs
Indonesia has several cities built on empty land - BSD City, Cikarang, Alam Sutera but they're all for locals
Digital nomads might not pay income taxes but they still pay sales tax and food and beverage tax, they pay 10% online transaction tax whenever they use local apps for food delivery and other services, the landlord they rent their villa or apartment from still pays income taxes and property taxes
the local hates them. they push up the local house and food price.
No the landlords charge them more than locals. So where is the equality now ?
@@based8725 the locals still pay the high market price
Update on Korea digital nomad visa?
58 countries now offer a Digital nomad visa. I live in the Philippines on a retiree visa (SRRV).
It is good that people can earn money without any physical contact, the scale of being at work at the same in a vacation is now possible. Digital nomads are the new profession, like everything has to be done online through digital innovation, I mean we are already here. Why we can't adopt and put a new system to perfect it.
I agree.
Lot of digital nomad jobs will go away when AI takes over more!
Yes, we are, but it's not our fault. Governments are slow and we don't see many opportunities in the future...
Not really Dubai/UAE was the first E-commerce haven back pre 2008 and ppl made bank moving there and establishing themselves in middle east
necessito viajar con mi laptop a si
It's not a nomad's fault if the locals decide to increase rent prices or build over rice pads..
its fine as long as you report your tax and uphold Indonesian law in Bali. which is many digital nomad ignore
If they dont work for indonesian company, they don't have to pay tax since they don't earn rupiah
Great video on Digital nomads. BALI is just amazing( love the foods, the landscape and most of all the People). Thanks again. Do make more videos on Bali( its just soooooo happening)
If you are working outside your home country, you are not using their services and infrastructure, so you are not costing your government anything. You are using the services and infrastructure of the host country, costing them money. So it makes sense that you only pay taxes to where you are currently, to where you benefit public services. Thats quite some entitlement from the US and Australian Gov to tax their citizens no matter what. A tax for being born there.
it is mandatory to be proficient on indonesian?
How do I find a digital nomad job?
Those dudes aren’t paying proper taxes
The biggest diff btwn the reaction of the locals would be attributed to the space factor. Portugal having stricter developmental laws and less space would create inflation in many areas. Being more developed, job switching is less common compared to Balix
Digital nomads do not create a huge economical impact because their resources (land, workers, machinery etc) can be moved to develop other areas around Bali!
Literally “The Sovereign Individual”
The heart of the problem is exploding home prices and interest rates. Younger generations in the US can’t afford to buy. Meanwhile, politicians and the rich line their pockets.
100% correct
what about gentrification?
In the Philippines, we are ATTRACTING a RETIREMENT Visa, not this Digital Nomads, they have also some Digital Nomads in the Philippines, but NOT a LARGE numbers you can see in Bali, and Lisbon. What we attracting is QUALITY, not QUANTITY.
Indonesia have implemented the retirement visa called Second Home Visa since december 2022, but thailand had it first called Non-O since feb 2021. But instead, visa to open a business are more benefiting for senior foreigner to invest rather than retirement visa, digital nomad visas are more popular among young foreigners. But indonesia in general have cheaper petrol price compare to thailand or other southeast asia except for malaysia and that's another positive attributes in terms of cost of living
Help the locals. It should not be the haves and have nots
I have a question if you answered it ty so much? when you relocate to another country, you have time differences with your home country, how do you synchronize your time slots with your co-workers for working together?
Exactly why would someone from California go to Bali and still be able to work with his colleagues with a massive timezone difference.
I'm assuming you're from the USA. You can stay in the Americas. Mexico City, Playa del Carmen, Columbia,... (Edit: I believe Mexico City has over 700,000 US citizens living there.)
alot of people in Bali will work like 6pm -2am if they need to be on US hours....and then you have others who come super early to coworking space to be in Australian hours. People make it work but I think it would be hard for me!
If you hire people from around the world you can perform work the entire 24 hour day. Have support all day and all night long.@@maxpaynestory
@@SportsIncorporated Columbia is a city in South Carolina, you may be referring to Colombia instead.
Interested to know industries where D nomads dominate. And which areas of knowledge work are D nomads contributing to their respective companies / clients. (Presuming much if not all of the tasks are knowledge work.)
How then would these jobs be influenced by better GPT tools and AI Tech?
I'm a business engagement manager for an IT managed services company in Melbourne Australia, and I could easily do my job from anywhere in the world as I don't have to physically meet with clients face-to-face. I make over $100k USD worth of Aussie dollars every year, and this would allow me to live like a king outside of Australia... The digital nomad crew are mostly in the tech space...
I am a life and business coach, I have clients from all over the world. Don’t make $100K like the person above, but I have much more time freedom. In the US, my husband and I were skirting homelessness, this move to Mexico wasn’t to work on the beaches, it was to survive
@@Funkteon what's your Linkedin? I'd like to connect, salute from Brazil! I'm now a remote project management intern for an Estonian-based startup
@@down-to-earth-mystery-school It sounds great! What do you guys do?
@@down-to-earth-mystery-school Business success and mindset coach?
For the last few months, I've been investigating the Nomad lifestyle. During COVID, travel quarantines deeply restricted my ability to continue business in Hong Kong and mainland China. Due to shifting geopolitics, additional obstacles stifle global nomadic lifestyles and safe environments. For consideration, pick it up a notch and open remote offices to hire local city or townsfolk, and contribute to the local economy, rather than taking up vacation slots, and wasting valuable inputs and outputs.
Portugal’s economy never recovered , rents still increasing . People still coming . Not much has changed
Thanks God philippines lowkey have nomads .. but its not as this too touristy and over crowded
why should i pay taxes when i get no services?
i have been a digital nomad for 20 years, these kids have it too easy
You’re not taking jobs from the locals but you’re making the prices skyrocket that make everything expensive for locals 🤷🏻♀️
Sort of? Why are the greedy real estate workers raising prices so high? They didn’t NEED to raise them so high just becuse they knew they could get more from nomads, but they did.
@@keiths2902 I've been telling people for years that most of the world's problems with price hikes are initially caused by greedy real estate agents. The upward spiral begins somewhere, and in most cases, it begins with the person who determines what a roof over your head costs...
@@keiths2902 I'm saying, the nomads need to be more stingy with their money and demand to pay the same as the locals, crushing the increase in demand and discouraging the price gouging. The tourist trap strategy kind of eliminates the whole point when it comes to being an expat!
@@rsync9490 this is up to politicians to solve, not outsiders. It's the politicians and governments that allow the situations to flourish. They could make a policy in a heartbeat to solve the issue
@@keiths2902 Congrats on discovering capitalism Keith
Great deep dive into the complexity of Digital Nomads.
International gentrification is a real issue that I definitely have become more cognisant of as a nomad.
It's the downfall of cultures- where everything will eventually be the same westernized
9:02 - And what of the Prawns? Anyone care about them?
Nomad Capitalist "Go where you're treated best"
1) people go to other countries because they can't afford to live in usa and canada especially with 50% taxes. 2) if you charge a digital nomad who has no home base, is not given the local health insurance, is not given a the countrie's passport, and is given a time limit for their stay then they should not be paying taxes. 3) Taxes are actually an entity that garnishes wages for their own agenda it's feasting off people who work hard for their money while millionaires and billionaires pay Zero taxes. You really need to look at why you are hurting hard working slaves who are trying to finally enjoy their life, who bring money to broken economies and who have zero stability because of limited time that they can stay in that country.
Check BGC in the Philippines. It looks like a first world city without the downsides of price and crime.
Digital Nomas are happy people man, love that culture
I'm planning to be also my favorite destination is Bali
This trend also can have a negative impact on the nomad. Many companies have invested deeply in real estate for their offices, which sits empty when people work remotely. Companies are now mandating to come back to the office or that you must live in the same city as the company. Or, they will only hire you as a freelancer, not an employee, which saves the company from paying health insurance, retirement, disability insurance. So yes, digital nomads are traveling the world, but doing so for much lower salaries than similar experienced employees, with zero benefits and having to pay extra for health care and trying to make enough to save for retirement.
If everyone thinks working on rice field is bad....whose going to produce rice.
I think it should be evenly spread acroos the world so that it doesnt eats up its own ecosystem and definitely regulated by government.
You can't eat a villa. KEEP THOSE RICE FIELDS
People are feeling frustrating through the realization of they need to work until death, so eventually they will try to find pleasant ways to deal with the issue~it 's better for people to protest in streets
Im coming there after 6-7 years . When i became digital nomad
If workers are moving to areas where it is cheaper on a Western salary, won't it make more sense for the company to hire locally instead of paying American wages?
They cant move to that country.......
The talent has to be there. The language skills have to be there. How are you going to hire talent in the Philippines if the talent has gone to the US to earn higher salaries. In the US we import nurses from the Philippines.
They already do, like anywhere outside the US is a steal, even Canada workers make half of what they would make in the US, while the cost of living there is not necessarily much lower, especially in biggest cities. A lot of companies hire in Eastern Europe where the English proficiency and education are on a high level, so apart from the time difference, you're not losing much compared to the savings. Not to mention numerous attempts to outsource to India, but in that case you're more likely to get what you're paying for. In this case, it makes sense to outsource only the jobs that no one in the western countries wants to take, but in poorer countries more desperate workers are more likely to do it anyway.
@@nSiLEtan The cost of living in Canada is way higher than 99% of the US. PLUS they make like 30-50% lower for the same role than the US. It's terrible.
It is a threat of fully remote work, but that local has to be just as good in work skills, the working language, and compatible mindset. Depending on how much all these are required, a native expat would still probably be preferred especially if they offer a discount in their asking price compared to in-country natives.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... stock,silver and gold)
as long the nomad pay same taxes as local is fine for me
Fair!
Hargeisa in Somalia is new hub for digitale nomads. Insha Allah we lovely somali people will greet many forein workers. Somalia food is very delicius.
Somali people are very nice and we will give you warm welcome to beutiful Hargeisa insha allah.
Ku soo dhawaada Soomaaliya. Allahu akhbar
Digital Nomad Visas are good IF the goverments actually understand what a digital nomad is. They are certainly not all the rich kids that make millions. But many digital nomad visas require an extremely high income - or they only accept employment and no freelancers. etc
It is illegal. Some foreigners were deported in Bali for this so-called visa that is not really a legal visa. Beware!
They do raise inflation
do you consider yourself a digital nomad love your vids
I mean! That depends usually through phases. I would say 😊
4 weeks of annual time off isn't enough? Wow. This is a very sad statement coming from the citizens' pov in the country you live in
Westerners: Digital Nomad & Expats
Non-westerners: Immigrants & Foreigners
wtf, i've been a digital nomad since 2016 on H1b in Murica . Is this the new cool thing to call it now ?
Nobody wants your kind around. No h1b1s
isnt working, even for an overseas company a violation of your tourist visa?
Time to settle in other islands of Indonesia
Every countries implementing a income tax on remote workers will end up loosing everything. Taxes on goods is already enough.
how long will these influencers will show the exact same place
The whole point is to avoid taxes, nobody will go anymore government fools
i predict that alot of young westerners will move to the east en masse specifically to Digital nomad hotspots as cost of living just gives you a better deal in life
I see your point 😳
Not only the cost of living, but Asia is just way more fun than the Western world. Locals are way friendlier and more social, Westerners that live there are friendly, there's virtually no crime, food is cheap and delicious, adventure activities are endless, nightlife is insane, shopping is the best in the world, beaches have white sand and coconut trees, water is aqua, islands have mountains on them, the streets are abuzz with activity, ancient and intricate cultures to learn about, languages to learn etc. Your senses are always busy there and you are constantly expanding. The West is very rules based and people are much more conservative there. In Asia you are free to do whatever your heart desires and you're not judged.
I would expect that as the developing world modernizes, the cost of living will go up, maybe to approximate the west. They want a first world economy and life in Kuala Lumpur. They'll get first world prices.
If you have been to KL you would know the amoiunt of skyscrapers dwarfs other places, prices wont reach western rates for decades @@SportsIncorporated
@@kayflip2233 its fun only when you make money in USD !
Its really funny, bali was never meant to inviting a digital nomad, but yet many digital nomad decided to stay in bali. Chiang mai is already left behind from digital nomad
Bali is not the the birth place...Look to Chiang Mai, they have the first co-working space way before Bali. Bali is now expensive, from food to real estate. And they are not eating local food but western food. The tourist that use to come from surrounding countries (even local Indonesia) consider it expensive. It has become an island to digital nomad..which itself is a problem. Business are pricing their goods for digital nomads - usually overprice.
Co-working space is not a standard place for digital nomad.. digital nomad can work anywhere even inside their room or villa, educate yourself 😂
True. I'm a digital nomad in Bali and work together with a Indonesian digital nomad. We rent a room together, eat local and always work from the terrace from our room. We don't need that kind of co-working spaces or luxuary villa in western style. The reason I became digital nomad in the first place is because I want to live between the locals. Bye the way I also speak always Bahasa Indonesia when I'm in Bali.
Suggestion for local sustainable welfare.
1. Focus more on vertical urban growth.
2. Make use of non agricultural land at best. Like UAE and Bahrain desert miracle.
3. Put a lest minimum investment scheme for foreign no mads for local education.
Thus you can except betterment.
Unfortunately there is a law in bali that limits vertical urban growth, based on the cultures and traditions of Bali, buildings can't be taller than coconut trees/temple
@@Sebastiancityfans thanks for sharing.
Would be great if there was a south east Asia visa, a South America visa, and so on.
But most countries seem to fight between each other
Good to see that travel pollution is of importance to this generation... 🤔
Where you work is where you should pay taxes ... it's a tax dodge plain and simple, just like big tech who led the way.
You think taxes are low in Western countries? Martyn, on average in Europe you pay 35-40% of your income easily on taxes...
Pemerintah kami sangat terbuka untuk hal seperti ini dimana orang bisa bekerja dimana saja melalui online.
Bahkan presiden kami baru mengeluarkan golden visa untuk 10 tahun kepada orang yang berinvestasi disini, ceo chat gpt orang pertama yang diberikan oleh presiden.
Sebenarnya yang jadi masalah adalah mereka yang memiliki visa berwisata malah membuka usaha yang sama dengan penduduk lokal seperti penyewaan sepeda motor.
Pemerintah kami sedang dalam meningkatkan fasilitas seperti infrastruktur untuk tempat lain di 10 destinasi wisata unggulan seperti bali.
nah bener, klo orang luar mau bikin usaha di sini ya level elite dikit lah masa sama kaya orang lokal? ibaratnya bikin cafe bagus bukannya bikin warung pecel ayam. semua ada pangsa pasarnya jadi jangan masuk k pangsa pasar orang lain apalagi merusak pangsa pasar.
Kalo masalah korupsi sih yah susah deh
Sebenernya sih menurut aku tipe golden visa gitu ide buruk buat Bali karena merubah lingkungan dan budaya
Seharusya di pulau pulau lebih miskin di bikin "Kawasan ekonomi khusus" dan kota baru yang ga ada manusia, ky gitu bisa membantu provinsinya tanpa masalah masalah seperti gentrifikasi, perubahan lingkungan, perubahan budaya
abcd ?
This is so problematic on so many levels
All those flying is not good for the environment especially those doing visaruns
The big downside is THE I.R.S in digital nomad's country of citizenship!
Digital Nomad Visa is Needed CURE To Rampant Evil Political Corruption.
CURE? It will just BOOST corruption even more because of GREED.