Working remotely and dreaming of transferring to a different nation? There’s a world of alternative on the market if you realize the place to look—and, relying in your citizenship, you could not even have to pay any taxes.
Digital nomad visas at the moment are accessible in additional than 60 international locations all over the world, and, for a lot of distant employees, these visas are the best approach to legally reside in a rustic if you happen to meet the necessities. Most digital nomad visas provide the possibility to remain for as much as one yr, with many providing the possibility to increase your keep if you happen to proceed to fulfill earnings necessities and pay in your personal non-public medical insurance coverage.
With regards to selecting the very best digital nomad visa, the candy spot is discovering one which additionally exempts you from paying taxes. After evaluating a variety of digital nomad visas, we’ve recognized 5 digital nomad visas in 2024 that stand out for his or her interesting mixture of lovely nature, low-cost software charges, and, most significantly, zero taxes: Georgia, Anguilla, Bermuda, Croatia, and Costa Rica.
Anguilla
Have you ever all the time needed to stay the island life? Half a world away from Georgia, Anguilla, a British territory within the Caribbean, provides digital nomad visa holders the possibility to begin their day with a stroll on the seashore earlier than…doing nothing in any respect. That’s proper, Anguilla has no earnings necessities and gained’t make you pay any taxes when you are on its 12-month digital nomad visa.
All it’s good to present is your passport, start certificates, and an outline of the work you can be doing when you are in Anguilla. The one catch? You have to to pay a one-time $2000 entry payment and pay much more if you wish to deliver relations. The price of residing additionally isn’t so low-cost. Regardless of the straightforward visa software necessities, the excessive payment could also be a deal-breaker.
Bermuda
If the prices of making use of for the digital nomad visa in Anguilla don’t sound so attractive, Bermuda could also be your island of selection – particularly as it’s recognized for its quick web speeds.
Though it additionally has a excessive value of residing, it has one of many lowest visa software charges within the Caribbean – at solely $263. You have to to pay this payment once more if you happen to resolve to resume your visa after one yr. Like Anguilla, Bermuda has no earnings necessities and gained’t make you pay any taxes. You solely want to indicate a clear legal document, a passport, and proof of employment to enter an academic establishment. Bermuda can even give you a candy bonus of a $200 customs allowance every time you enter the nation.
Croatia
Transferring again over to Europe, Croatia presents an intriguing mixture of historical past and tradition with a decrease value of residing in comparison with lots of its European neighbors. It additionally grew to become a part of the Schengen Zone initially of 2023, making journey to different European international locations a lot simpler.
The earnings requirement is $2,500 monthly or you’ll be able to show that you’ve got $31,000 in financial savings. The digital nomad visa is nice for 12 months and won’t require to pay any taxes if you happen to earn your earnings from a non-Croatian firm. Nonetheless, as soon as the 12 months run out, you will want to depart the nation and wait six months earlier than you’ll be able to reapply for the visa. In different phrases, keep for 12 months after which it could be time to use for a brand new nation’s digital nomad visa.
Costa Rica
Just like Croatia, Costa Rica won’t require you to pay any taxes for 12 months in your earnings if you happen to earn it from an organization outdoors of the nation. The earnings necessities, nonetheless, are greater at $3,000 monthly, and this have to be earned constantly.
This may occasionally require establishing an organization from which it is possible for you to to pay your self. The visa software payment is simply $100 and the price of residing is barely decrease than its neighbors within the Caribbean. For the unimaginable biodiversity, browsing alternatives, and safety inside the nation, it could be effectively definitely worth the effort!
Georgia
The phrase about Georgia is spreading amongst the digital nomad group, and it affords some of the beneficiant immigration insurance policies on the earth. Ninety-eight totally different international locations can keep in Georgia for one yr with out a visa.
With the intention to meet the digital nomad necessities, you will want to show that you just make at the very least $2000 monthly. Alternatively, you’ll be able to present that you’ve got $24,000 in your checking account. For those who transfer to Georgia, you gained’t be topic to any taxes for the primary 180 days. After that, the highest tax price is 20% and if you happen to obtain “Small Enterprise Standing,” you’ll solely be accountable for 1% tax for if you happen to earn lower than $184,000 per yr. Georgia’s capital, Tbisili, is a dynamic, environment friendly place to do enterprise and the encompassing wine nation of Signagi and mountain cities comparable to Kazbegi present nice locations to flee into nature.
