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by Guid_NewGuid
1375 days ago
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Just to provide more info. There's quite a few now, something like 33 countries with these visas. The terms tend to vary. I took advantage of the first one, the Barbados digital nomad visa which they created to work around the loss of tourism due to COVID. Since most taxes in Barbados are sales taxes and they have a peg to the US dollar it has worked well for them in terms of foreign currency reserves and supporting the tourist industry during the pandemic. Other countries like Costa Rica require visa holders to pay local income tax which is fair enough while others don't or have a reduced rate. I'm unsure of the overall morality of it but it can be done legally through the correct pathways as I have been doing. I don't like that people will just do it on tourist visas instead though which I'd guess is the bulk of the objection to it. |
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