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Launched in 2022 in Barcelona, Stage2 is an accelerator helping European new ventures from industrial tech sectors like mobility, robotics,…
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Seeking Exotic Remote Work Locations? More Than 40 Places Now Offer ‘Digital Nomad’ Visas
“More than 40 nations or territories now offer “digital nomad” visas to attract those able to be employed in one country while living, and spending their income, in another.”
Fancy the beach? A bunch of exotic islands are on the list. Prefer tropical forests? Try Brazil or Costa Rica. Looking for history? There’s Spain or Greece. Love Wim Hof-style ice-bathing? Iceland beckons.
Think of a “digital nomad” visa as a cross between a tourist and temporary migrant visa — a working-on-holiday visa. Instead of the visa giving you the right to work in the country, it’s allowing you to stay so long as you’re gainfully employed and bringing money into the local economy. How long you can stay varies, from 90 days in Aruba in the Caribbean to up to two years in the Cayman Islands. Most are for 12 months, with an option to renew. Some places, such as Latvia, restrict visas to employers registered in an OECD country. But generally the key requirement is that you can show you have no need to find local work and can meet minimum income requirements.
Generally, the visa conditions simplify taxation issues: you continue to pay your income tax in the country of your employer. But this varies. For example, in Greece (which offers a two-year renewable visa) you are exempt from paying local income tax only for the first six months.
A key driver of the digital nomad trend is the ability to maintain a career while ticking off other personal goals, particularly travel and the ability to experience a different way of life. Moving somewhere with a cheaper cost of living could be another motivation.
The article warns that “Living a long way away from family and friends and support networks is likely to be more challenging, no matter how idyllic your location.
“If you like predictable structure and routine, the uncertainty and inevitable inconveniences that arise may mean it isn’t for you.”
Read more of this story at Slashdot.