4 Things You Need To Know About Getting a Digital Nomad Visa To Work Abroad

Working abroad as a digital nomad is a dream for many Americans with an adventurous spirit — but how feasible is it? As it turns out, there are several financial things you should consider before taking the leap and moving overseas.

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“Aspiring digital nomads need to do more than simply plan a trip and open their laptop in paradise to secure a visa,” said Martin Gasparian, attorney and owner of Maison Law. “I have seen personally how financial mistakes can destroy dreams. One must deftly negotiate the labyrinth of tax laws, financial records and employment contracts to earn a digital nomad visa.”

Here’s what you should know about getting a digital nomad visa to work abroad.

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“I think getting a digital nomad visa can be a life-changing move, but there are definitely things you need to keep in mind to make it work smoothly,” said Patrick Farrell, travel and hospitality expert and general director of Viceroy Bali.

First, he suggested researching the financial requirements for the specific country where you want to work. “Many places, like Indonesia or Portugal, ask for proof of income or savings to ensure you can sustain yourself without relying on local resources.”

Gasparian noted the same. “An absolutely vital element is proving financial stability. … Typically, visa programs such as those in Portugal or Estonia require a minimum pay or bank balance. If you give false financial information here, you run the danger of deportation or visa refusal.”

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“I’ve also noticed that tax obligations can get complicated when you’re working abroad,” said Farrell. “You might need to prove you’re not a tax resident in your home country to avoid double taxation. Consulting a tax professional with expertise in international laws can save you a lot of headaches here.”

Gasparian agreed that among the most crucial considerations should be the tax implications.

“Many countries have double-taxation treaties, although it is still conceivable to wind up paying taxes in two countries — your home country and the one where you are residing,” he explained. “You should carefully consider the residence requirements, which are typically associated with staying in a nation for more than 183 days.”