Want to learn more about digital nomadism? Freedom Business Summit is a two-day event where aspiring digital nomads and individuals working remotely can learn more about how to obtain second citizenships, apply for international work visas, learn more about international investing, and find out more about living an international soverign lifestyle.
This year’s summit represents the 4th annual global online event. To celebrate and bring you more of the best, the organizers have invited over 3000 conscious entrepreneurs, alternative currency coin miners and investors, world travelers and global leaders from around the world to share their experiences and expertise. They hope to help event participants to learn from their mistakes and to profit from their early adopter status.
<h2>What do we know about Remote Work and International Digital Nomadism ?</h2>
The Migration Policy Institute has been studying remote work and economic migration for a few years. Their latest research, consistent with common knowledge is that remote first employers welcome the opportunity to broaden the candidate pool of top tier talent from anywhere in the world, albeit just around the corner from rural and sparsely populated areas, across state boundaries and national regions, to around the globe. At the same time, remote first employers can lower the capital costs of owning buildings and land and/or operational expenses by saving on rental space for traditional in office workplace campuses.
So these are well-established reasons for employers to seek out the benefits of remote work. But, what about the legal, tax and compliance obligations for a remote work aspirant who would like to become a digital nomad, living in another country while punching the clock and completing work tasks for a remote employer?
For remote workers who would like to live overseas and work for a US-based company, the Migration Policy Institute reports that employment-based immigration opportunities from formalized procedures and policies are scant. They write, “employment-based immigration channels are generally structured around full-time, in-person employment, while freelance visas and other options that do not require employer sponsorship are few and far between.”
Unlike the US where it is generally known that immigration officials rarely enforce the lax laws related to the overstay of tourist visas, in other countries, this lenicy is not so well established. The Migration Policy Institute writes, “many countries bar visa holders from taking up local employment but do not state clearly whether remote work for an employer in another country is allowed.”
Just for starters, here are a few of the countries that offer remote work visas according to Velocity Global,
- Antigua and Barbuda
- United Arab Emirates
- Seychelle, and
A Digital Nomad work visa permits remote workers to live and work in a country for a specific period of time. Please be advised that governmental permits to work as a digital nomad are different from country to country, so it is important to conduct research to find out exactly what paperwork needs to be completed and within what timeframe.
Working remotely from an international location, outside of your place of citizenship is becoming more and more popular. Investopia just recently added the number of countries (up to 24) who welcome digital nomads with residency permits and authorizations to work at the same time!
- Cabo Verde
- Caymen Islands
- Costa Rica
- Czech Republic
- Norway, and
As you can see, there is so much to learn, there are so many changes to government policies on working remotely, digital nomadism and global investing. If you have the time and are interested in obtaining more information from the people who have lived experiences as a digital nomad working in remote countries, please check out the 2022 Freedom Summit today! This year’s summit promises to ofer the best and the brightest minds together to share their experiences, offer suggestions on breaking the remote work barriers and present opportunities for global investments and expansion.