Read at TheStreet
The rise of remote work has led to a significant increase in the number of digital nomads. By the end of 2023, there were over 35 million digital nomads around the world, with more than half coming from the United States. Many digital nomads take advantage of the flexibility offered by remote work to live and work in different locations, often choosing cheaper places or traveling around the world. However, working outside of one's home country typically requires dual citizenship or work authorization. In response to the global shift towards remote work, several countries have introduced digital nomad visas to attract these workers and benefit their economies.
Over half of the 35 million digital nomads in the world come from the United States.
Countries such as Spain, Portugal, Indonesia, Malaysia, Costa Rica, Brazil, Latvia, and Malta are among those that have already implemented digital nomad visas. These visas allow foreigners to live in the country while earning income from abroad. However, Asian countries have been slower to introduce such visas due to stricter immigration laws. Japan recently announced plans to introduce a visa for digital nomads who can earn over ¥10 million ($68,300 USD) from another country. The specifics of the visa, including its duration and cost, are still being determined.
Japan has announced plans to introduce a visa for digital nomads who can earn over ¥10 million from another country.