1. New Zealand: minimum fund of NZ$350 per month (about $211) or NZ$4,200 per year
While New Zealand does not yet offer a long-term digital nomad visa, remote workers of certain nationalities can apply for a “working holiday visa” for stays of one to two years. However, if you stay in the country longer than 183 days, you will be considered a New Zealand tax resident.
To apply, you must be earning a minimum of NZ$350 per month or have NZ$4,200 funds available for a 12-month period, depending on the country’s tourism agency.
2. Portugal: minimum annual salary of €7,200 (about $7,130)
The Portugal D7 Visa, also known as the “Portugal Passive Income Visa”, is one of the most affordable options for digital nomads. Applicants must earn €7,200 per year and have health insurance to be eligible.
The D7 visa also allows recipients to travel freely throughout the Schengen area, making it one of the most popular visas for remote workers, several companies have previously told Insider. Beneficiaries can also get 10 years of tax relief by becoming a “non-habitual resident”, according to immigration consultancy Belion Partners.
3. Colombia: minimum monthly income of 3 million COP (about $670)
Colombia is set to launch its digital nomad visa on October 22, which will allow foreign nationals to work remotely in the country for up to two years. Entrepreneurs who plan to create a technology start-up in Colombia can also apply.
Applicants must have health insurance for a minimum of 3 million COP per month (approximately $670). Local income tax applies to foreigners who have resided in Colombia for more than 183 days, according to accounting firm KPMG.
4. Cape Verde: average bank balance of €1,500 (about $1,490) in the last six months
Cape Verde, also called “Cabo Verde” is an island nation located off the west coast of Africa.
The country’s digital nomad visa, first launched in 2020, allows remote workers to live on the island for 6 months, with the possibility of renewal for up to 12 months.
To apply, applicants must present proof of health insurance and an average bank balance of €1,500 ($1,488.27) over the past six months.
5. Brazil: minimum monthly income of $1,500
The Brazil Digital Nomad Visa was launched in January this year and is open to remote workers who earn at least $1,500 per month or have an available bank balance of at least $18,000 at the time of application. request, according to the Brazilian Embassy.
The South American country has become so popular among remote workers that a “nomadic village” is being built in Pipa, a northern surf town.
Digital nomads who reside in Brazil for more than 183 days in a 12-month period will be subject to local income tax, according to Brazilian law firm CGM.
6. Hungary: minimum monthly income of €2,000 (about $1,980) for six months before entry
Hungary’s digital nomad visa, officially called a “white card”, allows remote foreign workers to stay in the country for up to one year, with the option to renew for a second year.
The visa also allows you to stay in the countries of the Schengen area – a region containing 26 member countries of the European Union where travelers can move freely without facing border control – for up to 90 days.
Applicants must show proof of employment and a monthly salary above €2,000 for the last six months before entry, according to the Hungarian Office for Immigration and Asylum.
White card holders living in Hungary must pay local income tax if you “physically spend at least 183 days in any given calendar year” in the country, according to local accounting firm Helpers Finance.
7. Georgia: minimum monthly income of $2,000 or savings of $24,000
The Georgia Digital Nomad Visa called “Georgia Remote” was launched in 2020 and allows citizens from 95 countries around the world to live and work in the country for 180 days.
To be eligible, applicants must earn at least $2,000 a month and have health insurance, according to Georgian news platform Agenda.
8. Netherlands: €2,634.30 (about $2,600) gross profit per month
Digital nomads who earn at least €2,634.30 in gross profit per month can apply for a “self-employed residence permit” in the Netherlands.
The application process is comparatively more difficult than for other digital nomad visas, as it is only open to freelancers whose work is considered “of essential interest to the Dutch economy”, according to the Dutch agency. of immigration.
If accepted, the residence visa is valid for a maximum of 2 years. Recipients must pay all applicable local taxes.
9. Malta: minimum monthly income of €2,700 (about $2,675)
The Malta Digital Nomad Program requires applicants to earn a minimum monthly income of €2,700. Participants are completely exempt from any local income tax, making it one of the most tax-efficient digital nomad visas.
The permit also serves as a Schengen Area visa, allowing recipients to stay in 26 different European countries for up to 90 days at a time.
10. Latvia: minimum monthly income of €2,857.50 (about $2,830)
Latvia’s digital nomad visa announced in February allows foreign nationals to work from the northeastern European country for up to one year, with the possibility of renewal.
To apply, your employer or business must be based in a member country of the Organization for Economic Co-operation and Development, immigration news site SchengenVisaInfo.com reported.
Applicants must earn 2.5 times the average monthly salary in Latvia, which currently equates to €2,857.50 (about $2,830), according to the Office of Citizenship and Migration Affairs. Beneficiaries will be eligible for a reduced rate of personal income tax, according to European law firm Sorainen.