Best Digital Nomad Visa
& Residency Programs 2021

Did you start working from home in 2020 due to COVID-19? Or are you a veteran digital nomad, looking for some place new?

Or maybe you have been a location independent digital worker for some time, but your home city or state became unlivable over the past year due to lockdowns, riots, and increasing taxes.

The nomadic lifestyle has become more challenging over the past year due to COVID-19 travel restrictions and border closures. Hence it might make sense to consider longer term options, and perhaps settle down in a digital worker friendly country for the next year or two until the dust settles a bit.

Countries that traditionally rely on tourism have been hard-hit by the pandemic, with many of them now scrambling to launch digital nomad visas in order to make up some of the lost revenue.

Here we outline eight of the best long-term visas and residencies for remote workers and digital nomads. But first, let’s answer the obvious question: Why would you want to be a digital nomad in 2021?

The Benefits of Being a Digital Nomad

Three main reasons you might want to become a digital nomad include reducing your taxes, lowering your cost of living, or to secure a second residency or citizenship.

For example, American citizens owe taxes on their worldwide income, even if they live and work outside of the United States.

However, if you live abroad, you can take advantage of the Foreign Earned Income Tax Exclusion (FEIE), and be exempt from US taxes on your first $108,700 of earned income (i.e. not investment income or interest).

You could also choose a country with lower taxes than your homeland, or consider countries offering special tax incentives to attract foreign workers and foreign investment.

Taxes for Digital Nomads

Keep in mind that you will generally become a tax resident of any country you live in for for more than half the year — and often much sooner.

In this article, we note when a country specifically exempts the visa holder from paying taxes, such as under the Barbados Welcome Stamp program. And in other cases, we include information about exactly how long you have to live in a country before becoming a tax resident.

However, we are not tax advisers, and we do not provide tax advice. This information is provided for reference and educational purposes only. You should always talk to a trusted tax adviser about your specific circumstances before making a decision.

Places like Mexico and the Republic of Georgia have a much lower cost of living than the United States and most of Europe, so choosing these countries for your next nomadic adventure could save you tons of money on food and housing.

Plus in these countries, you won’t have to give up the comforts you are used to, like fast internet and upmarket restaurants.

Finally, certain countries allow foreigners to acquire temporary or even permanent residency. That is better than a visa, because it is longer term, often comes with additional benefits, and in some cases, like Mexico, permanent residency does not even have to be renewed.

Residency can also lead to naturalization, which means being able to become a citizen after spending a number of years in the country, or holding residency there for a specific period of time.

Second residency, and even better, a second citizenship and passport, ensures you always have somewhere to call home outside of your home country. It means one government cannot totally control your right to travel, or dictate where you are allowed to live, earn a living, or raise a family.

Below we highlight a couple of countries, like Portugal and Mexico, where residency can lead to citizenship. If you want to learn more about acquiring a second citizenship, click here now to see the four ways anyone can qualify for a second passport.

17 Best Residencies and Visas for Digital Nomads in 2021

Work From Bermuda
Certificate Program

Bermuda recently launched their one-year Work From Bermuda Certificate Program. Intended to attract nomads and post-secondary students, it offers access to a remote working or study experience set in a safe, paradise location with modern infrastructure and affordable high-speed internet.

It’s just the thing for North Americans, though the country’s cost of living is not exactly cheap…

Requirements: You have to be 18 or older, prove a clean criminal record, and be able to demonstrate being employed by a foreign company, if you’re a nomad, or that you are enrolled for tertiary education, if you’re a student.

While no minimum income level is specified, you have to be able to sustain yourself and any dependents while in Bermuda, without the need to seek government assistance. You’re also not allowed to seek local employment, and comprehensive health insurance is a must. 

Duration: 12 Months

Cost: It only costs $263 to apply for the Work From Bermuda Visa.

Again, we should also point out that Bermuda is not exactly the budget-friendly option: its cost of living and accommodation tends to be quite high, even by North American standards.

You can find out more about the Bermuda program here.

Barbados
“12 Month Barbados Welcome Stamp” Visa Program

This option is available not just for digital nomads, but also for remote employees of companies based outside of Barbados.

That company, by the way, could also be one you own. If you’d like a few other people in your company to work alongside you in Barbados for one year, that’s fine — you can file multiple applications for your company’s remote workers.

Requirements: A yearly income of at least $50,000

Duration: One full year.

Cost: $2,000 application fee ($3,000 per family)

Under normal circumstances, you would become a tax resident in Barbados. But the program’s conditions specify that applicants will not be liable for taxation in Barbados, even if they stay there the entire year.

Honorable Mention: Puerto Rico

Although Puerto Rico is a territory of the United States, it has its own tax laws.

Two of its tax laws used to be called the Act 20 Export Services Act, and the Act 22 Individual Investor Act. They still exist, but are now collectively referred to as Act 60.

The Individual Investor Act allows bonafide residents to pay 0% taxes on capital gains and investment income (although there are other costs to consider).

The Export Services Act allows bonafide residents of Puerto Rico to pay a 4% corporate tax rate for a business incorporated in Puerto Rico which provides services for customers outside of Puerto Rico— for example, research and development, advertising, any kind of consulting, project management, accounting, legal services, IT, telemedicine, and much more.

This makes it an excellent choice for US citizens who are freelancers or can work remote to reduce their federal tax bill. The United States is unique in demanding taxes from its citizens even when they live and earn money outside of the United States.

Click here now to read our in depth report on how you can reduce your tax bill to almost zero, while living on a beautiful beach in Puerto Rico.

Further ReadingTo find out more, check out our free guide The best places to live in Puerto Rico

Antigua and Barbuda
The Nomad Resident Visa Program

Here is yet another Caribbean island nation competing for your patronage.

Requirements: Evidence of employment or self-employment, income of $50,000 per year, and medical insurance.

Duration: Two years.

Cost: $1,500 for an individual, $2,000 for a couple, and $3,000 for a family

The government of Antigua and Barbuda has a full website dedicated to this residency program.

Cayman Islands
Global Citizen Concierge Program

The Cayman Islands program is a bit more exclusive, and requires a higher income. And it may not be possible for self-employed or freelancers to qualify, since the small self-governing British overseas territory requires proof of employment.

Requirements: Income of $100,000 per year, $150,000 if married, and $180,000 if married with kids. Proof of health insurance. Proof of employment outside of Cayman Islands.

Duration: Two years.

Cost: $1,469, plus $500 for each dependent.

Based on the government’s website, they appear to be marketing this program to high-end clients looking to work from home while enjoying tropical beach-side living.

Anguilla
Nomad Digital Residence Visa

Requirements: Proof of Employment or Business Incorporation Certificate. 

Duration: One Year.

Cost: $2,000 or $3,000 for a family of 4 plus $250 for each additional dependent.

Anguilla’s website has dedicated videos for nomads, students and families, encouraging them to apply for the visa to live and work remotely for a year.

Mexico
Temporary Residency

Mexico does not have a program specifically geared towards digital nomads or remote workers. But its temporary residency permit is easy to acquire, and certain towns, like Playa del Carmen, just south of Cancun, are hotspots for digital nomads.

The low cost of living is also appealing.

Requirements: Proof of investments or a bank balance with a monthly average balance equivalent to 5,000 days of Mexican minimum wage per person for the past twelve months. In 2021, that’s approximately $36,000 per applicant, but most consulates still want to see a balance of $40,000or more.

OR

Proof of monthly income (after tax) greater than the equivalent of 300 days of the Mexican minimum wage for the past six months. In 2021, that comes to about $2,100 per month (again, confirm the exact requirement with your consulate). Add $700 or so per dependent if you are not applying alone.

Duration: One year, after which it can be renewed for three years.

Cost:

You can apply for temporary residency through any Mexican embassy or consulate in your country of origin or residency.

Another big benefit to maintaining residency in Mexico for five years is that it makes you eligible to become a citizen through naturalization, and gain a powerful second passport in the process.

Four Passports Anyone Can Obtain eBook
Further ReadingTo find out more, check out our free report The Four Passports ANYONE Can Obtain

Estonia
Digital Nomad Visa

As part of the European Union and Schengen area of Europe, Estonia’s Digital Nomad Visa allows you to travel throughout Europe during the duration of the visa (when borders aren’t restricted due to COVID-19).

Requirements: You must be a business owner (or employee) of a company incorporated outside of Estonia, or a freelancer with clients based mostly outside of Estonia.

You’ll need a monthly gross income of €3,504 (~$4,250). And you’ll need to prove that you’ve earned this minimum amount for at least six months prior to your application.

Duration: One full year.

Cost: €100 (~$120).

Please note that Estonian Digital Nomad Visa holders who stay in the country for more than 183 days will be considered Estonian tax residents. So, you’ll need to declare and pay local taxes, albeit at some of the more competitive rates in Europe: a flat 20% personal tax rate and no corporate income tax (except on distributed profits, which are taxed at 20%).

Spain
Non Lucrative Residence Visa

The Non Lucrative Visa program has historically been quite popular among retirees. If you’re still of working age, “non lucrative” means that you will have to bring your remote job with you, and not seek local employment in Spain.

Requirements: Between savings and investment accounts, you will have to prove that you have at least €25,560 (~$31,000) available to support yourself while living in Spain. The requirement goes up by €6,390 (~$7,750) for each additional applicant.

Or, you can qualify based on your income, but financial requirements vary based on which consulate you apply through.

You must also have comprehensive medical insurance.

Duration: Your residency is good for one year, after which it can be renewed in two-year increments.

Cost: A $153 application fee for US applicants, $612 for Canadians, and $86 for everyone else.

You can apply through your nearest Spanish consulate. Here is the list of Spanish Consulates in the US.

Portugal
“D7 Visa”— A passive income based residency for those with non-salaried income, savings, or a combination of the two.

Requirements: To obtain residency under the D7 visa, you will need to prove that you have sufficient savings/income to sustain yourself for at least 24 months in Portugal. (Two years is how long your initial and subsequent residency permits are valid for.)

The official financial requirements are rather low, and tied to the Portuguese minimum wage (which in 2021, is €665 a month).

  • Primary applicant: The current minimum wage (€665) x 24 months = €15,960;
  • Spouse: 50% of the current minimum wage x 24 months = €7,980;
  • Dependent children under 18 years of age: 30% of the current minimum wage x 24 months = €4,788.  

So, a family of four would need to prove they have €33,516 (~$40,500)) worth of income or savings to qualify. But that’s the bare minimum. It’s better to show at least a few thousand more.

Your local Portuguese consulate — where you’ll submit your residency application — can advise you about what minimum sum they’d realistically like to see. As with Spain, this is the bare minimum, and of course, it’s always best to show more if possible when you submit your application.

But if you don’t have the required savings, then you could possibly qualify based on stable, passive income only— ask your local consulate for more information.

Duration: Two years.

Cost: €90 (~$110)

During this time, you’ll become a Portuguese tax resident, so be aware of the high taxes that comes with this.

But you can separately apply for the Non-habitual Tax Regime. Under this program, for 10 years, you will not be taxed on your worldwide income. And your Portuguese income is taxed at 20%.

You can see Portugal’s visa information website here.

Germany
Freelance Employment Residence Permit or Self Employment Residence Permit

Requirements: 

  1. An economic interest in or regional need for the applicant’s skillsexists;
  2. The applicant’s productive activity is expected to have positive effects on the German economy, AND;
  3. The foreign applicant must have the necessary capital to realize the business idea.

BUT… the law also states that if you have the necessary capital (number 3 above) then this alone can be sufficient to receive the visa. Because the law is vague, the officer reviewing your application has a lot of discretion.

And the paperwork requirements can vary significantly, based on what profession capacity you’re applying in.

Also, you’ll need a health insurance plan with €30,000 (~$36,400) of coverage.

Duration: Typically one year, but also available for three years, and it can be renewed.

Cost: €100 (~$120)

If you stay for more than half a year, you’ll become a tax resident of Germany. Freelancers cannot escape that. And if you’re a high-income earner, be prepared to face steep German taxes — as high as 45%.

Here is a checklist of Germany’s freelance visa requirements.

Czech Republic
Self-Employed Visa (AKA Freelancer Visa or Business Visa)

This visa is also referred to as “Zivnostenske opravneni” or “Zivno”, which refers to a trade or business.

The program is not specifically geared toward digital nomads — if you are going to invest the time and energy to gain approval, you will likely want to spend a significant amount of time in the country.

Requirements: Proof of 124,500 CZK ( a bit under $6,000) in the bank, no criminal record, health insurance, and proof of accommodation in the Czech Republic.

Duration: Valid for one year, and can be renewed for two.

Cost: Monthly social tax of 1800 CZK (~ $84), Živno Fee of 1,000 CZK (~ $46), Visa Fee (may vary by Embassy): €100 per person (~ USD $120)

The true cost of this one might be payable in the time and frustration, as it appears to involve a fairly lengthy bureaucratic process.

If you’re randomly deciding on a place to work from  for six months to a year, this might not be your best option. But if you have your heart set on Prague, the process should be navigable.

Most people will be able to apply for the visa at any embassy of the Czech Republic, as long as your country is on this list.

The Republic of Georgia
“Remotely from Georgia” Digital Nomad Visa

Requirements: A monthly income of at least $2,000 and health insurance covering the entire term of your stay. (Currently, due to COVID-19, a 12-day hotel quarantine is required on arrival, at your own expense.)

The program is available to citizens of 95 countries, including the US, UK, Canada, and Australia (see the full list here).

Duration: Good for 360 days

Cost: After 183 days of residing in Georgia, you will become a tax resident, and get taxed at a flat rate of 20%. However, using a tax incentive called “Individual Entrepreneur — Small Business Status” allows you to pay just 1% in taxes.

This 1% tax rate is applied to REVENUE, and not profit. So, this incentive is ideal for freelancers, contractors, remote workers (who can structure as contractors), affiliate marketers, sellers of digital products and other businesses, which typically have a close alignment between revenue and profit.

This can also lead you to eventually qualify for Georgian residency.

Dubai
Dubai Virtual Remote Work Visa Program

About 85% of the people living in Dubai are expatriates hailing from outside the United Arab Emirates. It’s a high-tech modern city, and you shouldn’t expect to save money living there.

Requirements: An average income of at least $5,000 per month, and health insurance coverage for the term for which your visa is valid.

Duration: One year.

Cost: $287

Apply online from Dubai’s website.

Malta
Nomad Residence Permit

Barbados, Georgia, Estonia, and Bermuda were among the first countries to start attracting digital nomads via long-stay visa programs, but given the impact of COVID-19, more nations are following suit. 

Malta is the most recent country to announce the launch of a digital nomad visa. Situated in the sunny Mediterranean and boasting a laid-back lifestyle, it is an excellent destination for remote workers looking for a change of scenery.

Their Nomad Residence Permit program seeks to attract remote workers employed by foreign companies, freelancers with clients outside of Malta, and online entrepreneurs running their own foreign business registered outside of Malta. 

According to Charles Mizzi, head of Residency Malta, the new program was developed in consultation with some of the 1,000 digital nomads already living and working there. 

And given Malta’s temperate climate and close proximity to mainland Europe, the program will likely prove to be very popular. 

Requirements: In order to be eligible, applicants must earn at least €2,700 ($3,293) per month outside of Malta. Applicants are also required to have an address in Malta, pass a background check, and have comprehensive health insurance coverage while in Malta.

Duration: This residence permit is valid for a period of 12 months,

Cost: The Malta Nomad Residence Permit will only cost around €300 ($366) to obtain. 

You can find out more about the program here.

Croatia’s
Temporary Stay Visa For Digital Nomads

Croatia’s Temporary Stay Visa for digital nomads follows the same script as many of the other programs. You’ll need to prove that you have foreign employment, a clean police record, comprehensive health insurance, as well as an address in Croatia.

In order to be eligible to apply, you’ll be “required to have the amount corresponding to at least 2.5 average monthly net salaries paid for the previous year, in accordance with the official data published by the Croatian Bureau of Statistics.”

This amount is increased by 10% of the average monthly net salary for each additional family member or life partner or informal life partner.

Currently, the minimum amount required on a monthly basis is a HRK 16,907.50 ($2,749). So if you intend to stay in the Republic of Croatia for 12 months, you’ll need a  minimum of HRK 202,890 ($33,000) in savings available. 

The Croatian residency permit can be issued for a period of up to 12 months, but it cannot be extended. You can, however, apply for another permit after six months from the date on which your initial residency permit expires. 

You can find out more about the visa fees and program requirements here.

Romania
Digital Nomad Visa Program
(currently being considered)

A new draft law paving the way for a Romanian Digital Nomad Visa is currently being considered by Romania’s parliament. If passed, it could position the country as one of the most attractive digital nomad locations in Central and Eastern Europe. 

Requirements: To be confirmed.

Duration: To be confirmed.

Cost: To be confirmed.

Boasting beautiful scenery, a low cost of living, and super-fast internet throughout the country, Romania ticks many of the boxes as an ideal remote work destination.

While the program hasn’t officially launched yet, we’ll keep an eye on it and update our readers once it does.

Aruba
One Happy Workation Program

The Caribbean island nation of Aruba recently announced the launch of its “One Happy Workation” Visa for US passport holders — which essentially seems to be a clever rebranding of its regular tourist visa. The country is inviting American remote workers to come work and play in a tropical island paradise — and you can even bring your dogs and cats along for the experience.

Requirements: In order to get it, you have to prove that you are either employed or self-employed in the US, and you are not allowed to work for a local Aruban company or client while based there.

Cost: While there is no fee associated with applying, you have to book an accommodation package deal in order to obtain this visa.

Duration: Aruba’s digital nomad visa is valid for a period of 90 days only – which is low, compared to most other programs. 

Frequently Asked Questions

What is a digital nomad?

Digital nomads, as the name suggests, are people who earn a living working online while travelling the world, or working in various places outside of their home countries for extended periods of time. 

While Covid-19 has made working from home the norm for hundreds of millions of people, most digital nomads have traditionally been people working online.

The digital nomad lifestyle has been growing worldwide for at least a decade. Yet the advent of broadband wifi, combined with the rise of low-cost airlines, home-sharing platforms and short-term accommodation platforms such as Airbnb have made the nomadic lifestyle a lot more accessible to millions of people.

Examples of digital nomad jobs?

Digital nomads are often referred to as location independent workers. The key ingredient required for becoming a digital nomad is to be able to work from any location in the world that has a decent internet connection.

While the following list is not comprehensive, digital nomads typically work as online entrepreneurs, affiliate marketers, online coaches, virtual assistants, graphic designers, website and software developers, travel photographers, copywriters, travel influencers, social media managers, bloggers, vloggers, Youtubers and digital content producers.

Which countries offer digital nomad visas?

As of April 2021, the following countries offer digital nomad specific long-stay visas aimed at attracting location independent workers to their shores: Estonia, Barbados, Bermuda, Cayman Islands, Croatia, Dubai, Anguilla, Antigua and Barbuda and the Republic of Georgia. 

In addition, countries such as Portugal, Spain, Germany and Mexico all offer digital nomad friendly visas for remote workers wishing to spend more than 90 days at a time in these countries.

How much do digital nomads make?

Digital nomads can earn anything from $0 to tens of thousands of dollars per month. Some fledgling nomads may get on the road without having any clients or passive income to speak of, instead living off their savings while they try to crack the nomadic income code. 

There is also a far smaller segment of digital nomads making millions of dollars per year, either as top-tier influencers or as founders of software companies or app-based businesses. Such nomads also tend to earn passive rental income from properties they own around the world as well.

While a large percentage of digital nomads earn a living from providing services, effectively selling their time like freelancers, others opt to build passive income streams through activities such as affiliate marketing, sponsored content publishing, ad-funded content publishing, or by selling subscriptions to premium content or software products (also known as Software As A Service, or SAAS, for short).

What skills do you need to be a digital nomad?

While there is a near-endless list of skills that could benefit the average digital nomad, writing, coding, photography, internet marketing, social media content generation, drone photography, vlogging (video blogging) and digital advertising management are all considered excellent skills to have as a digital nomad.

What do digital nomads need?

Most digital nomads require a laptop and access to fast, stable internet, affordable accommodation, a digital nomad friendly visa for longer stays in a particular location, travel insurance, international medical insurance, as well as access to a community of like-minded people to engage and work with.

What software and tools do digital nomads need?

While the list of required tools and software will largely depend on which industry we’re talking about, most digital nomads, if not all, will make use of the internet, email, cloud-based storage, VPN services, workflow management tools (Trello, Basecamp, Asana, etc.), and work focussed chat apps such as Slack or Microsoft Teams. Skype and Zoom are broadly used for teleconferencing. 

And in addition, most digital nomads use tools for streamlined online invoicing, book-keeping, time-keeping, online graphic design and social media scheduling.

What are the benefits of being a digital nomad?

Three main reasons you might want to become a digital nomad include

  1. to reduce your taxes,
  2. to lower your cost of living, and
  3. to secure a second residency or citizenship.

Click here now to learn how you can spend a year in paradise, while reducing your living expenses.

Which countries are best for remote workers and digital nomads?

A number of countries offer easy one to two year residency programs for remote workers or digital nomads.

Barbados, Anguilla, Bermuda, Estonia, and Dubai are some of the latest countries to offer special deals on residency, with an easy application at a low cost.

Click here now to learn how these, and eight other options, could benefit you as a remote worker.

Where can I work remotely in Europe?

Estonia offers a digital nomad visa which allows foreigners to live and work in the country for up to a year.

Other European nations such as Portugal, Spain, Germany, and the Czech Republic also offer visas that allow remote workers to gain residency in the country.

Click here now to discover the requirements for living and working remotely in each of these countries.

Conclusion & Further Resources

It’s long been popular for digital nomads to zip around Asia for a couple months here, and a few months there.

But that’s become harder in the days of COVID-19. And frankly, it was never efficient. When you are constantly moving, a significant amount of time and energy has to go into constantly relocating.

That’s why year-long digital nomad visas may be a more appealing option for those who love to travel, or just need to get away from their home town, state, or country.

And if you want to execute a broader strategy to give yourself more freedom, consider going with one of the temporary residency options, which can be renewed, such as Mexico, Portugal or Spain.

With a second residency, there is at least one other country that basically has to let you in.

And that is a great Plan B to have if you ever find your home country unlivable due to civil unrest, political instability, or extreme lockdowns.

If you want to learn more about Sovereign Man’s Plan B philosophy, enter your email below to download our Perfect Plan B Guide and learn how to protect your assets, grow your wealth, and legally reduce your taxes.

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