'Digital nomad' visas are easier to get than ever - especially if you're rich
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- Опубликовано: 25 дек 2022
- Money can buy many things - a tasty meal, a nice car, a luxurious home.
But what about a long-term stay as a digital nomad on the beautiful Indonesian resort island of Bali? Well, for people with $130,000 to spare in their bank account, that could become a reality too.
Digital nomads are "people who choose to embrace a location-independent, technology-enabled lifestyle that allows them to travel and work remotely, anywhere in the world," according to one firm that links independent consultants with clients.
As of June 2022, more than 25 countries and territories had issued digital nomad visas to draw remote workers, whose number has increased since the pandemic started.
The Indonesian government, however, is taking a slightly different approach through a "second home visa" that permits wealthy foreigners, professionals, investors and retirees to stay in the country for up to 10 years.
Watch the video above to learn how this visa stacks up against the ones issued by other countries, and to learn about the difficulties policymakers face in making it a success.
#CNBC #DigitalNomad #Travel #RemoteWork #WorkFromHome
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And here I thought life got harder when you're rich, thank you for a major life lesson!
😂😂😂 Right 🤣
Mo money mo problems.
Well, it's like banking, when you're starting out and broke, they charge you high fees to transfer money. Later when you have a more of money, they charge you little to no fees.
Life starts when you realise what the deal actually is.
@@lucasomalley less money even mo problems
@@_truthful_q_ man and what are you ? A philosopher or something
The Australian lady is not venturing very far, Java is very near Australia. She's just looking for cheap nannies. .
My thoughts exactly
geographically close but socially culturally etc a world away
As someone who's been following the new visa, I doubt there will be many takers. You can already get a visa to Indonesia as an investor without freezing 6 digits in an Indonesian bank account. Also, this visa has nothing to do with "digital nomads", so not sure why that's being pushed here other than for the hashtag.
Also that new law that is making it illegal to have sexual relations with people who are not married, locals and foreigners, will keep a lot of people away from Indonesia. They shot themselves in the foot with that law.
Absolutely. I don't think it's been having much of an effect so far, but if this law keeps making headlines, it has the potential to keep people away from Indonesia.
It’ll scare off those who want to “go native” more than the typical Bali crowd. The fear is the girl’s family reporting your relationship to authorities.
@@kenlewis2253 Foreigners have to obey this law as well. If you, a Foreigner, have a fling with another foreigner that you are not married to, someone can report you to the police. It could be a maid or a nosey neighbor, but there is a risk.
So… with that marriage sex law I guess we’re back to square one: Bangkok
Every family has that one person who will break the family's financial struggle, I hope you become the one 😊
Assets that can make you rich
Cry-pto
Stocks
Real estate
@@kelvinpeter8640 You're right, it's obvious a lot of people remain poor due to ignorance
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
@@lindapoplin7150 Learn and trade under a guide I do same and I hardly make losses in the market
Starting early is the best way to getting ahead of build wealth, investing remains the priority
This Visa seems targeted to high earning entrepreneurs rather than 'Digital Nomad' because most Digital nomads are broke or live on a tight budget 🤣
speak for yourself honey
@@edum.6353 She is speaking for most. These Visa's are aimed at entrepreneur and high earners who can work from anywhere. Most people don't fit the criteria.
not for long! anyone with a brain can work remotely!
I know a bunch of them they make 2k a month, if they were really making money they'll be doing this throughout europe every summer and not in 3rd world countries
@@alejandromorales1904 What is 3rd world countries ? Are we still living in cold war ? Or some people still stuck in that mentality ?.🥱
I thought that the word 'nomad' described a person who 'followed the seasons', a wanderer.
Apparently, it now seems to mean a person who moves to another country for lifestyle reasons.
that still holds true though. Nomads in the past move based on where they or their livestock can get food. Nomads today move where their needs get fulfilled the most different parts of the year.
Its still rellevant since they move for a better weather and cheaper logistic.
Me and my sheep are crossing continents in search of grass for grazing, all the while these trust fund babies pretending to be Nomads. Go figure.
@@lucasomalley :D :D :D :D
Yeah because got forbid they Call them immigrants or
Expats. These people are different, they move because of ✨ lifestyle ✨
😂😂😂😂😂
Digital Nomad visa is basically a long term tourist visa. They want people who could come and spend without taking jobs from the locals. So of course they are looking for rich individuals.
I like how they fail to mention how these digital nomads drive up prices for the locals.
Happens to every place that is heavily immigrated / moved to and is inevitable when an area's economy grows
Digital nomads don’t raise prices nearly as much as those rich billionaires foreign investors who gobbles the housing market
Been living in Bali since 2017 and recently house prices have tripled and many bars and food in western areas are nudging western prices. I'll be living sadly in the end of the year
Being alive increases prices for the locals.
It’s driving real estate prices up making it unaffordable to locals. I rarely see a local in cafes and restos since prices have gone up.
There will always be pros and cons. How about all the illegals that cross over to other countrieis? Are we only complaining about certain immigrants?
Spot on ..just like Hawaii ..
there are locals in cafes, but as worker, lol
@@zee9709 they have work
I will never forget a Reddit post on personal finance , a fellow countryman said: i had to leave my country in order to be able to afford a house as foreigners are buying all the houses in my region. It’s somewhat unfortunate.
I'm so happy for the wealthy...
Me too! Those poor wealthy people having to work 4 to 6 hours a day 4 days a week while looking at their computer screen with such beautiful views in the background.
100K is only for the 10 year Visa. You can get a 6 month Visa with much less than that.
🤣💯🤣
Everyone can be free. stick together!
If you think that person is wealthy than you need to consider some of your life decisions.
What this report fails to mention is with Indonesia new second home visa that 130kusd has to be deposited into an Indonesian bank account and can not be withdrawn for ten years...
Since the visa was introduced not one person has signed up for it.
Allow me to make a small change to the title here for you... "LIFE is easier than ever - especially if you're rich!" 😂
Yes. Yes.
Exactly!
@@ginorako2176 I have a bad cold Gino. I will check on this and reply later.
@@ginorako2176 if you can pay 130k out of pocket cash for a visa you're probably rich
@@ginorako2176 most people don’t have that kind of money just lying around is not super rich but it ain’t dirt poor either
I'm still watching even if i'm not a Bruce Wayne.
130k is not rich. Its just some money.
Once you set roots in a place (like staying in Bali), you stop being a nomad and instead become a migrant. In my version of the digital nomad, I change countries at least once a month.
nail on the head. as I have said, digital nomad visas are not for digital nomads.
Sir! People from Western rich countries aren't migrants we're EXPATS.
***heavy sarcasm
once a month/ you barely get accustomed t a new location and then move. i think once every 3-6 months is more enjoyable
@@miguelfonseca1104 I wholeheartedly agree with you. Plus, that gives you time to explore places in country and get to know the locals better- which ultimately is what travel is all about 👍🏼
@@miguelfonseca1104 I definitely agree, and if you're working moving constantly has a tool
Many countries offer digital nomad visas which are temporary, more often a year or two, and do not lead to residency and citizenship. Unless you plan to return to your home country to live, I recommend avoiding digital nomad visas and aim towards countries that offer residency and a path to citizenship.
Not everyone wants citizenship. Especially people from developed countries.
@@monee9838 You would be surprised that a lot of people prefer dual citizenship, especially from developed countries. However, my point is digital nomad visas do not lead to residency. For example, if you decide you really like a country and want to plant roots, it is best to have residency as it opens doors and opportunities within that society. However, if you prefer to be a long-term tourist without the strong connections to a particular place, then the digital nomad visa is a great deal.
@@monee9838 I'm from the US and I want a second citizenship from Ecuador because the current state of the US is bad and only going to get worse. Cost of living is getting higher and higher and wages not going up. So yes there are plenty of folks who want a second citizenship.
@@profeagayu I meant the same. Not everyone wants citizenship means that there are people who only wants to be a long term tourist.
@@longbeach225 Not everyone wants citizenship means that there are some people who wants and there are others who don't want it.
What happened to the definition of a Digital Nomad, usually characterized by locating to 'various' location, tend to be volatile in their location decisions. From what I hear in this video, it is just about those leaving their country of birth (West, most dominant) and re-locating to Indonesia, while keeping a job that is possible online. 10-year visa is longer than the expat periods that my organization has (maximum terms of 5 years)
Everything in Bali is very cheap..and friendly people...i miss bali....
The only thing they got wrong with this digital nomad segment is that ' it's all about rich people with 100K ' not true at all. you can get 6 months digital nomad visa with possible renewal if you just have 10grand ( USD or aus can't remember ) in the bank. Indonesia/Bali is really, really great for australians who want to be digital nomads ( i'm one of them ) but for other timezone countries, it can be tricky. bali is a great place.
@@WilliamHelstad It's an Indonesian island. But Bali is quite different than anywhere else in Indonesia with its digital nomad culture, so people just say Bali.
Not true. The six month digital nomad "visit" visa (B211A) is a 60 days visa that can be renewed twice for a total of six months. It's not a six month visa that can be renewed.
The only other option is the Second Home visa, which requires proof of $140k USD. This lasts for 5 years.
Also the concept that 100k establishes you as a rich person is utterly wrong!
@@kris3451 I piss away 50k a year on property taxes, homeowners, medical and auto insurance, heat & electricity, auto repairs & fuel, food and other miscellaneous junk. In no way do I believe that two years living expenses qualifies anyone as "rich." Rich is when you have enough passive income producing assets to pay all your monthly expenses in the event you cannot work a meet ends job. I don't live in that world. I'm a working stiff and nearly all the fiat dollars I trade time for go towards my every day expenses with little left over.
@@kris3451 there is no "poor me." By the way, I don't have 100k in a bank. I don't even have 10k... More like 2k, LOL. Still I don't believe 100k makes one rich.
Wow. Love this programs. Can't wait to visit Thailand as a digital normad.
Do you make $80k USD/year? That's Thailand's income requirement, and you have to show 2 years of income at that level.
This only works for freelance workers. During the pandemic we had several employees who wanted to do this. However, by doing work while in another country (even if it's online for another country), you need to pay income taxes in said country. Meaning that your employer will need to set up a separate tax administration for coworkers living and working in Indonesia to pay taxes there. Which is generally just not worth the effort.
Yes, this is the main issue with this, however, what we found, is that there are solutions in the grey area (VPN for example). In reality, for a few weeks or 1-2 months, nobody really cares, until you are not doing something illegal.
And no tax officer will ask you with your laptop on the beach if you are sending private or work-related emails.
😂
Some companies would let you do it for 3 months after that is when they'd have issues it just depends. My current company won't allow you to work anywhere they don't have an office, but they randomly do have one in Ireland. My company before this did allow people to do this. My Australian company that I work with let's their employees work somewhere else for half the year, but US tax code isn't beneficial for us. Overall I think a lot of the "nomads" in Bali that promote it are influencers which is totally different than the rest of us.
Thanks for giving us the full details. I appreciated that I really do you sound like you know what you’re talking about and I’m sure you’ve got the experience. Thanks a lot. Have a great great day. Thanks be safe.
@トム that is just not true. You pay taxes where the money is earned. And if you're sitting in front of a computer in your new country, they get your taxes. You do not just get to keep paying taxes to your home country. You are very wrong here.
These countries are working on digital nomad kind of visas - not those covered in this report. Nomads obviously don't have 6 figures in bank account.
Of course this video never mentions what exactly these digital "jobs" are.
mostly youtubers
any "work at home" job really..
dat's waht The Google, BING, DuckDuckGo & friends éksist.
IT Support Work, Free Lancers alike.
Anything that you do that uses your brain! most jobs can be done remotely. Demand remote
Or a simpler, cheaper way: you come in on an extended tourist visa then leave the country just before expiration and come back. Repeat as necessary.
You can't use banking, own vehicle, own real estate, frequently exit and re-enter in country on tourist visa.
A lot of countries - Thailand, especially - aren't allowing people to do this anymore. So give it a shot at your own risk, but have a backup plan if you're not allowed in after so many re-entries.
Most countries say 90 days max within a 180 days period just FYI, so it would be useful to have at least two such countries that you want to live in long term.
@@monee9838 there are enough ways to solve those problem with a bit of research
A tourist visa doesn't give you permission to work remotely from the country.
Check weather spark to see how humid and uncomfortable Bali is. It isn’t a year round utopia. Also, digital nomads are ruining the place. Who wants stressed out vibes in cafes? It sucks. Locals are getting priced out. The best places are the ones people don’t talk about. Indonesia is full of lovely places without Bali’s issues.
This, many Instagram travel "influencers" don't show the months long rainy season and book the first flight out before months of rain arrive. Also giant bugs and mosquitos can make things interesting.... Sad that so many locals are being priced out.
Dubai and Lisbon are my favorite Digital Nomad destination.
yeah people from Lisbon loove digital nomads, trust me
Hungary also interesting with many neighboring countries 👍♥️
@@DG-hw8it Istanbul is beast as well.
Wow this is amazing I will share this with friends and family.
Ah yes, let's make life even easier and better for rich people. Thanks, society!
Cope lol
this Mathew guy is the most logical person
And also cute
When I retire, I plan to move to a different country each year and experience life there.
Thanks for adding my little segment in there! 🎉 Bali is the place to be!
Oh yeah!
Java Island is much easier cause less Competition than in Bali, and Java also cheaper Expense, And If your job career blossom you could hire local people as Employees with Less Salary System than European or America standard in short explain You be Big Boss and You got easier Fame in Local Perspective, Paradise of Java
You dont need 130k to get a digital nomad visa.🙄 you just need to make $2000 a month and work digitally.
For 60 days, and renewable twice for a total of 6 months. It's a great option if you're only interested in staying for a short amount of time.
I will consider this. Thanks, CNBC.
Come to Java Island my friend easier for Digital nomad because less competition, Which is Your competence will be blossom as Digital Nomad, You could Big Boss by Hiring Local Talent which less salary than European or American salary standard, greeting from Java Island Indonesia😂😊
This French guy is happy to pay some taxes because in France he would pay 50% of his wealth. Much better in Indonesia.
Finally! Great news. All I have to do now is just to become a digital nomad and get rich
No, get rich and then become a digital nomad
This isn't really about digital nomads who live around the world for a few months but wealthy entrepeneurs moving to Indonesia to start a business...
'Loneliness' is one of the drawbacks? I think most digital nomads come to Colombia because of the warm social relationships!
I think most of them would not feel that way otherwise they would not want to moving around, seeing new things, and meeting new people along the way.
If any nomad wants to get robbed or killed, Colombia is the best place for that.
I'm not exactly sure CNBC know what exactly 'Digital nomad' really means... They are focusing on "digital" part but totally ignoring the 'nomad' part. If are staying in one country for more than a year (even 6 months is too long for me) than that can't considered "nomad" you are just working abroad. The true nomad does not buy properties and rarely stays longer than 2 months in one country mostly living in AIRBNBs or similar set-ups. The whole idea is to change locations cause you get bored doing the same things. That way you can avoid double taxation (for sure you are already taxed in your own country no matter what)
Lombok island neighbour Bali also quite crowded
I'm doing this next year. 7 months. Starting in Bali and Gilli T, then up Thailand, Cambodia, China, Japan across to Hawaii and then...? :D
I'd skip Gili T, Labuan Bajo-Komodo boat tour was much better.
Are you sure about China?
Afghanistan is cheap. You can stretch your dollar there
@@nikita5662 XD
Come to Taipei! I’ve been here for two years now and it’s great!
This is so great to hear, we would love to consider bali for more of a long term... but sadly there is no way to bring pets 😢
I really wish they allowed pet as well because Bali is one of my favorite destinations
Digital nomad life is the best
As a digital nomad based out of the USA are people considered an itinerant by the IRS or do they keep a home or apartment? Obviously keeping a home or apartment that you are never at makes it less efficient/more expensive. So i'm guessing, most do something like, "hey mom and dad can i use your address as my place of residence" Correct me if i'm wrong! It's funny how this very important detail is left out by so many vloggers and without mom and dad, it would not be possible.
you could just be stupid
Some states let you have po box address.
Bali Visa is easy anyway…tell me if I can get European Country or Hawai
you can get an European digital nomad without any money only making 2k per month, the issue is that you are forced into their tax net, europe has some of the highest taxes in the world.
You can get a D7 visa to Portugal. I think for around 750 euros per month earning.
@@emanuelriquelme1133 I don't mind paying their taxes...if I can get the same benefits Europeans get
Bali is amazing bros def visit if u haven’t yet
essentially what they are saying is that they can use cheap labor to pay for things they otherwise wouldn't be able to afford in their home countries....
Bali is waaaay the best. Sweetheart people in the world. For sure
People wondering
The fastest way to be a digital nomad and enjoy a lifestyle like this, get into Tech jobs.
I am currently on my way to be a Software Developer which will eventually earn me this.
Mariel Schaab
I lived in Argentina and Spain. Nowadays, I am based in the Netherlands.
I love to see talented people like you shining and achieving your professional and personal goals.
Trust me! You can get that job, move to that country and get that happiness that you are looking for!
Let's design together a meaningful career path for you!
is your employer hiring?
@@deathbyvanity1955 Nah Budget cuts
Every day I'm learning something new
If Bali is too boring just try Lombok or Raja Ampat or anywhere in east regions of Indonesia
people don't go there to have vacations they go there because they are broke and they are trying to build a business they don't have money to live in Europe, they chose Bail because they can live conformably under 1500 per month with all the amenities they need
Raja Ampat is an absolute paradise!!! But not really for digital nomads. But what a dream come true!
East region is dangerous.
And less developed
There is a peaceful country in the lap of Himalayas...Nepal. It is safe, the view is wonderful, foods are mostly fresh and organic and locally grown, Air quality is pure to breathe (expect Kathmandu may be), Internet of upto 400 mbps is accessible, people are friendly ...and overall cost of living is way cheaper (100$/ month will be more than enough to have a proper balanced diet for dinner and breakfast). And another 100-150$/ month as rent in a reasonable place to stay. If you are nomad or want to work from home, just check this place. A true heaven.
Which city
Yes I think it would be perfect…except no surf. Maybe snowboarding😊
Lol.
Nepal is prone to mega natural disasters and the weather is unpredictable(bad).
Too cold man
What is the digital nomad visa requirement? is it strict?
"If you're rich"
Well that rules out 50% of the population
@Will Swift a lot lot more 😅
Or 90%, if you mean "the world's population".
Not all men are equal 😊
Over the years of traveling I’ve met lots of “ digital nomads “ at the hostels of 5-10 euros a night. Not all of them are successful, lots of them working 4-8 hours glue to their computer. Usually they go to more affordable countries none of them could live In Australia in that kind of money.the one who can you don’t find them in hostels anymore the rent a flat somewhere in the world and stay longer. Asia is very affordable to be in. when you get pay an ok salary, but even there if you want to have high standards living you’ll need to pay more. It’s very easy to live in India you can get long visa, and it’ll affordable but also price tag be accordingly. It’s like driving fiat dreaming about Ferrari
From where you are?
I was born in Australia and can’t afford to live here. I want to move to Thailand and many Thai people want to move here. Must be great financial incentives to immigrate here because so many working citizens are sleeping in tents now. The homelessness can’t be hidden anymore; not even in ‘well off’ suburbs. The grass isn’t always greener on the other side but I guess you can plant some wherever you go.
Why should i go to india when I can stay in my perfect europe
@@wizaaeed nobody asked you to
a traders heaven
Wait... I know some of the people shown in this video and they left Indonesia like 2-3 years ago... They don't work or live there anymore, yet this video shows them working in cafes/restaurants in Bali and they look quite a bit younger as well... Is this an old video? Is this a reupload maybe? What's up?
Most digital nomads earn a very average salary but when you live in cheap countries you can live like a king they are not richer than you but the location allows them to spend the same amount of money on many more goods and services.
Unfortunately there are bunch of digital nomad who lives in indonesia doesn’t pay their tax and illegally work there. This needs to be fixed
It is awesome partnership.
I kinda am curious about the wages for the employees you hire. This has possibilities but the statement from the guy saying that you need a lawyer and it's still confusing as to the rules and taxes makes me hesitant to think this will be really anything but a vacation type visa with minor extension perks
That was more like a promotion for the few countries mentioned.
Having money helps
I can’t recommend Portugal enough been an incredible experience here 👌
Do you have any specific cities that you like?
What jobs or careers can make this happen?
You need to be rich already to apply for these... Very few people outside of Europe and the USA earn above those thresholds.
What a life
That’s insightful all right!
Perfect for Swing or daytraders🎉
In Indonesia if you deposit 130 K dollar or 2 billion rupiah..you would get interest return about 4 million rupiah or 250 dollar a month with 3% interest....4 million rupiah it's about the minimum wage of our workers...if you life in rural...there is accomodations with only 1,5 million rupiah/ 100 dollar a month ..that's include air conditioner...that's homestay called " kos - kosan"..
Bro if you’re rich everything is easier 😅
Bali is about to be played out lol
I understand and don’t at the same Time I would hate that hectic lifestyle of having to work and enjoy my surroundings all In the same day every day. If I’m going to travel ill do it when I’m wealthy
Hopefully that actually happens for you. I think some people feel that waiting for that can take years longer than they thought, and life is happening
Breaking news: Stuff is easier if you are rich!
Amazing! You learn something new every day!
Exactly this is what thought, u can't become a nomad if u are poor, poor ppl become backpackers- with a laptop
Do you think humans will move to where they are treated the best?
Uhgg, Now that nomadism hit mainstream media I fear the worst for the trend!
I am not sure these guys understand the term "nomad" very well.
Who would have known things got easier when you're rich. This is news to me!
Digital nomad visas are definitely opening up new opportunities for remote workers, but it's a shame that financial status plays such a huge role in accessibility. Let's hope more inclusive options emerge soon for diverse digital nomads! ✈💼🌍
financial status has to play a huge role cuz the whole point of the visas is to get people to come there and boost the economy , so if anyone can apply , even people that wouldnt contribute or want to simply run from their countries would just apply and move there , causing a lot of problems in terms of immigration and all that
I also used to think , as most commentators, that "foreigner" meant westerner.
My tv cut off the title word after you’re. I assumed the word was white 😅
Indonesia may work for Australians, but I'm unwilling to relocate to a country where they drive on the wrong side of the road, unless I can take a cab everywhere I need to go.
Bali is too hot. There is nothing to do in that region except tourism
Does this have anything to do with the BRISC group? If, so I would be very leery! 😮
Thanks but I'll pass, and stick with North America, and winter in Mexico, or the Caribbean.
wow this is exactly what rich young people needed! they are so stunning and brave to be coming over to those countries and gentrifying those areas. using first world money and favorable exchange rates to subjugate the local population into servitude and sex work is A-mazing!
I'm rich yet still trying to figure out how I can live in thailand. Thai companies dont want to hire foreigners who earn well in their home country as they are considered expensive. Even if you are rich, these visas arnt worth it if you are taxed in both countries. And alot of countries dont have long term tourist visas for people who are rich and even when they do, you spend all your money on the visa than the stay itself which also males it not worth it.
So even bu saying there are options for rich people, the problem is the hoops that you need to go through to get these long stays are just not worth it for the rich.
aah..finally a double O 7 life
LOL...OR...travel the world in a Tourist Visa free of charge!
Dude, everything is easier when you are rich lmao
this seems really cool but i would want a significant other that would be just as excited...
There goes the neighbourhood, poor Bali
goes where ?? Bali WANTS rich ppl
Right!
Bt for indian middle class tourists visa is most difficult. And if u lower middle class or poor then impossible. In india 80% population don't have a single flight experience.😪
It seems that this segment is part of an advertising campaign to promote Bali as destination of choice for digital nomads.
Bali is no. 1 destination for digital nomads already though. You see people come in and go out of Bali pretty fast.
@@harukrentz435 ok that's your opinion i respect that
You nailed it!! CNBC is mostly business advertising, it's funny how MOST people don't recognize it. They at least make it engaging and informative.
Can you make a video on world tour opportunities and businesses
I looked into this because I'm moving there and you have to deposit that $130k into a bank account there and it has to stay the length of the Visa, it's not worth it long term.
Wouldn't this drive up prices for the community? I hope the purchasing power of the locals could catch up to that. Otherwise, it seems cruel.
Pirates have no limits
I want to go to the Philippines? doesn't it has a visa for digital nomads yet? :c
does with 130K will be considered as wealthy people ?
I suggest people Google or look on RUclips for the song "I've been to Bali too" by the band - Redgum. 👍
Why
@@alkureshi It has insightful observations of the types of people who travel to Bali.
been there done that 😅, its nice seeing bali back in the 80's