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7 Pros and Cons of Digital Nomad Visas

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7 Pros and Cons of Digital Nomad Visas

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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

Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.

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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we’ve spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

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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.

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24 COMMENTS

  1. 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

  2. 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

  3. We're seriously looking at the Costa Rica digital nomad visa because it's cheap, fast to get and allows us to test the country to see if we want to invest and/or move there eventually. That's why it's better than a residence permit for us (which takes at least 1 years to get, I believe).

  4. 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.

  5. 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

  6. 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.

  7. 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?

  8. 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!

  9. Quantum creation takes a minimum of time and effort. Such as exclusively positive emotions and a sense of direction. A strategy for sustainable income is normally simple such as a tax-deferred annuities. If you want or need to gym the brain, freelance full-stack coder is a rational option (never in-house). A typical plan would be twelve or twenty-five weeks at each hotel. Always new countries or territories. Habits and actions are extremely important such as gym and cardio. Always consider culture and ecology. Release both public lies and personal nonsense, please.

  10. 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.

  11. 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

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