A "nomad visa" is a type of visa or residence permit designed to accommodate remote workers, freelancers, and digital nomads who want to live and work in a foreign country temporarily. These visas are typically offered by countries that want to attract remote professionals to boost their economy and tourism industry.
The requirements and conditions for obtaining a nomad visa are different for every country at the same time it is given to those persons who work remotely or those are self-employed. Some countries might also ask for a proof of income sufficient or medical insurance accepted in that country.
The advantage of a nomad visa is the general privilege of living and working in a foreign country for an elongated period without having to secure a conventional working visa. This enables the individuals to learn about other cultures, travel relatively easily and they may be able to get cheaper accommodation.
The income minimum may differ from country to country, but it should be enough to support oneself financially in whatever country the nomad visa is issued for. Some countries may also have laid down certain rules as far as minimum amount of income to be generated during the stay to avoid economic hardships.
Based on this information, it is possible to determine that the cheapest country to live may significantly depend on a person’s choices and preferences as a digital nomad. Still, choices like the countries in the Southeast Asia, some countries of Eastern Europe or South America could be more attractive because of the relatively low cost of living and rather active communities of expats. A list of few famous destinations includes Thailand, Vietnam, Bulgaria, and Colombia.
The costs which are required to be a digital nomad may fluctuate dramatically based on place, ways of living, and choices. Typically, it is wise to set aside three to six months of living expenses before becoming a digital nomad.
While some countries offer specific visas for digital nomads, not all countries have this option available. Indians may be eligible for digital nomad visas in certain countries that have established programs for remote workers, such as Estonia or Barbados.
The easiest digital nomad visa to obtain may vary depending on individual circumstances and preferences. However, countries like Barbados, Bermuda, and Georgia are known for having relatively simple processes for digital nomads looking to live and work remotely.