With the rise of distant work set to proceed in 2024, an growing variety of international locations are providing digital nomad visas. When choosing the proper vacation spot, it’s important to contemplate components like value of residing, healthcare, web pace, and, in fact, taxes.
According to the Digital Nomad Visa Index from VisaInformation.World, a complete rating system that evaluates international locations based mostly on their suitability for digital nomads, the highest three digital nomad visas to contemplate in 2024 are Spain, Argentina, and Romania.
Here’s a quick overview of those international locations and insights into what makes these locations stand out.
1. Spain – A Blend of Culture and Connectivity
Spain tops the record with its Digital Nomad Visa, boasting a rating of 4.50. It’s a horny selection as a result of its pleasant Mediterranean local weather, low crime charges, reasonably priced residing prices, and high-speed web.
The Spanish authorities has clearly taken many parts of the digital nomad way of life under consideration when organising the digital nomad visa course of, providing the choice to use from your own home nation or inside Spain as a vacationer. Spain’s legislation on startups additionally makes it simpler to arrange your enterprise in Spain in just some hours on-line.
Key Highlights:
- Application Cost and Processing Time: Approximately USD 110 (EUR 80 + EUR 20 for residence allow card), 15–45 days processing time.
- How to Apply?
- Apply by way of the Spanish consulate in your house nation and obtain a 1-year visa, enter Spain based mostly on it, change the 1-year visa to a 3-year residence card.
- Enter Spain as a vacationer, submit paperwork, obtain a residence allow for 3 years
- Length of the Visa: 1 12 months, the visa could be prolonged for 3 years after which 2 extra years earlier than making use of for everlasting residency
- Minimum Monthly Income Requirement: Approximately USD 2,354 (EUR 2,140).
- Health Score: 60.9.
- Tax-Free Period: 6 months
- Taxes: 15% for the primary 4 years after which 24%.
2. Argentina – A Country on the Edge of Change
Argentina, with a digital nomad rating of three.78, is famend for its vibrant historical past, gorgeous pure magnificence, wealthy tradition, and scrumptious delicacies. Buenos Aires, particularly, is a hotspot for digital nomads, providing a variety of lodging and high-speed web amenities.
The Argentine way of life permits for a high-quality residing expertise at an reasonably priced value, with healthcare that’s each commendable and economical for long-term stays. Please observe that the newly elected president Javier Milei, who took workplace on December 10, 2023, has promised sweeping modifications within the nation. It stays to be seen what this may imply for digital nomads.
Key Highlights:
- Application Cost and Processing Time: Around USD 200. The processing time can fluctuate, so it’s advisable to test with the closest Argentine consulate or embassy for probably the most present data.
- How to Apply? Submit paperwork from your own home nation together with a legitimate passport, a 4×4 picture, a request signed by the celebration and impartial work actions to be carried out, a quick resume stating your expertise within the subject through which you’re going to do, and the extent of research or coaching achieved, documentation proving the work carried out, and no less than one reference linked to your occupation, and proof of fee of the service charge
- Length of the Visa: 180 days, which is then renewable for a further 180 days
- Minimum Monthly Income Requirement: Approximately USD 2,750 (EUR 2,500).
- Health Score: 54.4.
- Tax-Free Period: Full visa size.
- Taxes: 0%, please seek the advice of with a neighborhood Argentine accountant for probably the most up-to-date data
3. Romania – Home to Some of the Fastest Internet within the World
Romania has emerged as a shocking but wonderful selection for digital nomads, with an total digital nomad index rating of three.74. Known for having a number of the quickest web speeds globally, it presents quite a lot of experiences together with vibrant nightlife, lovely hikes, and even snowboarding.
Cities like Bucharest, Cluj, and Timisoara are technological hubs, which are perfect for work-focused nomads. The low value of residing and 0% tax actually make Romania an interesting vacation spot.
Key Highlights:
- Application Cost and Processing Time: Approximately USD 165 (EUR 150), 10–14 days processing time
- How to Apply? You can apply for a Romania digital nomad visa at your nearest Romanian embassy or on-line on the Ministry of Foreign Affairs.
- Length of the Visa: 1 12 months and renewable for 1 further 12 months
- Minimum Monthly Income Requirement: Approximately USD 3,630 (EUR 3,300).
- Health Score: 45.7.
- Tax-Free Period: Full visa size.
- Taxes: 0%.
Which Visa Will It Be in 2024?
Choosing the precise vacation spot as a digital nomad in 2024 includes weighing varied components in opposition to private preferences and desires. While Spain, Argentina, and Romania stand out as prime contenders, the selection of your very first (or subsequent) digital nomad visa is in the end as much as you.