As an Indonesian, I'm okay with nomads, however, I'm concerning about the usage of USD for transaction within our borders, every transaction within our border should be done in IDR, and the ads for rent, or selling things should be listed in IDR, not USD
@@neisanland2503 when I was in Thailand. I wanted to buy Thai notes. The booth person said they will convert it from matching it with USD exchange rates. I could not use my Australian cash to do that.
Don't worry - no one is actually paying in USD. But the entire global populace understands the *value* of USD, so it makes more sense to things in USD if you're catering to tourists and expats. I've been here long enough where I can easily do the mental math to convert, but once prices get above 1 Billion IDR, like if you're trying to purchase real estate, I prefer to see things in USD so I can more easily figure out how much I'd potentially spend. If I were to actually buy that property, of course it'd be converted to IDR. It'd be completely illegal to do otherwise; legal tender *must* be in IDR.
Using USD is countries we travel to is bad for the tourists and bad for the locals in general. it very obviously increases the costs sharply. I’m in cambodia right now and your food & drink expenses actually go up here because of the USD use compared to bangkok or KL. I do imagine it benefits the business owners, but local customers are getting screwed now.
@@rocketmangenesis here comes the typical colonizer’s “savior” mindset, Im here to save yall by me taking advantage of your cheap labor and poor condition! Let me partner with our other western friends and hire yall locals for all the low paying manual work!
Great video. I'm an international tax advisor and mostly work with nomads - this is an area where traditional tax laws have not yet caught up with the modern world. It's ripe for change but it will be slow. In the meantime, sorting out taxes for these guys is messy lol
In the case of Aussies earning money from an Australian company while they live abroad, most are perfectly happy paying their normal income tax and Superannuation contributions into the Australian Tax Office and Super fund. Mostly because they know that it means they can go home for medical and other services if they ever felt like heading home or really needed to...
Maybe you know the answer: If the employee is citizen of Poland (EU) lives in Poland and work in US company remotely according to B2B contract (the citizen has an one-person business entity in Poland and just sends invoices to US company). How do the company should treat these invoices? As a regular expenses? I know how to pay taxes from employee side, but not from company side
I would imagine it's only messy if the DN is an American, as American citizens are the only ones that are taxed by citizenship, rather than by residency. As a Canadian, I can go and live my life as a DN and not have to pay taxes in Canada. Of course, I lose my tax-payer funded health care if I do that, but I find health care abroad is just as good, if not better, than back home and relatively inexpensive for the places I'd choose. However, I prefer residency visas over DN visas. That way I can actually buy a house and stay as long as I want, instead of hoping around the world every few months.
@@realismatitsfinest5745 yeah you're right it's mostly Americans which have the more complex cases. However another complexity is the people who move around a lot and have a trace in multiple places (like property, a business, family etc). For example, in certain circumstance having a property in Germany, Sweden, Spain or France can make you tax resident in those countries even if you spend no time there. But that won't stop the new residency country trying to tax you, so double taxation resolution is a common issue.
@@sprite7393 yes the US company treats this as a regular business expense. You may find that occasionally the US company might ask you for Form W-8BEN - this is a form used to establish that the contractor is not a U.S. person. It also establishes that the income is not subject to U.S. withholding tax under the U.S.-Poland tax treaty.
@@watagapitusberry7197 gentrification will help way more than than surrounding people. Because our case is very different And this process will be soo fast and have a domino affect in the neighboring state So yes we need more atleast wealthy and knowledgeable people in this area, rather than illegal migrants
A lot of gringos -er, Americans - are buying property in Southern Italy for retirement and renovating existing older houses. Of course, they have to hire Italians to do the work and use Italian real estate agents.
Digital Nomads have created a 2 Tiered class structure with the Balinese at the bottom. Locals have sold their generational farmland for short term profits, rice fields are on their way out to be converted into hotels, guesthouses, cafes and restaurants with the locals being paid sh#t wages as modern day serfs. I resided in Bali from 2020 until 2022 during the pandemic era. Bali has gone downhill in so many areas, it no longer feels like the rest of Indonesia, its been taken over by bules especially disrespectful Russians who don't care about the local people or culture. This once beautiful island is now dirty, polluted, beaches are filthy and the traffic and crime are increasing. I'm glad I left and will probably not return.
You left off the the people of Bali are generally much richer now than 10-20 years ago. Some of what you brought up are valid concerns but let’s keep these discussions honest
I went for my Honeymoon in 2019, BALI was amazing at that time, i wanted to go back, this year, but its too packed, absolutely horrible!! They’ve ruined the Island and now, its on to the next one… we will see youtube videos of the new place thats going to be ruined by these people!! Its sad!!
My island of Puerto Rico suffers from this but i have tried to explain is the issue isn’t the nomads. The issue is the way it drives prices up. Most nomads I’ve been seeing are humble usually educated obviously. In PR they were very surprised at the cost of food. The problem is the corporations who are given advice from accountants buy real estate and are left as a loss to the company then the company claims that lost profits. Again it’s not the digital nomads faults it the unrestrained issues it causes for locals
@@HelloOnepiecewe can blame them morally, they’re guaging the local population. I have no empathy for these large corporations. Business is A RISK. Risk means you can fail. They failed so boohoo they should deal with the consequences
These 'digital nomad' asshats have absolutely ruined Bali, especially Canggu, and completely priced out local Balinese people from being able to live nearby their place of work. An Indonesian friend of mine is a real estate agent in Bali and he has explained how dozens upon dozens of families he has known for many years are being kicked out of their long-term homes by landlords who are seeing easy money (like, 10x the money) in these digital nomads... All they do is fill up the now empty apartment with low-cost furniture and fittings and have a local photographer come in and get shots of the newly decorated/furnished apartment and then advertise it on expat/nomad-centric websites. Just take a look at satellite photos of Canggu from 10 years ago compared to now...
Some foreigners have this mentality that they are superior compared to the locals. Foreigner’s salary is way higher than the locals. It makes the foreigner entitled to what the place can offer. Meanwhile the local is being left out.
The problem with these "digital nomads" is that they are earning foreign wages while living in local cost of living. They are literally driving up costs locally while producing nothing, unless of course they pay the local tax. And unlike physical labor (how the hell do you digitalize that?), these digital nomads take no part in the active culture and community around them. In my country this is a growing problem. Because foreigners needs to understand that when you are in a foreign soil, you actually need to communicate and take part in local activities so that the locals don't start othering you which will affect other foreigners too.
Thank you or saying this. I seen this happen when I travelled overseas. Often they will pay 6 months of rent all at once because its cheap to them. The push back is now happening and eventually the Government will have to make changes for digital nomads otherwise mass homeless will be an issue. What I see from these young nomads is they go and live on luxury because they cannot do that back at home. They not saving money but just spending like they rich. Its sickening.
You realize that "driving costs up" means increasing local income, don't you? Why the heck do you think the cost of living in the UK is greater than in Indonesia? Or you just want locals to keep poor?
Sri Lanka is a relatively new location for Digital Nomads, and it offers a variety of visa types for Remote workers and is currently less crowded plus much cheaper than Bali. The southern coast, especially coastal cities such as Mirissa, Weligama and adjacent areas are currently the hottest on the Island.
@@DigitalYojimbo what's the problem dealing with them? There is no issues dealing with Sri Lankans. RUclips some travel videos about Sri Lanka and you'll know for yourself about Sri Lankas.
The heart of the problem is exploding home prices and interest rates. Younger generations in the US can’t afford to buy. Meanwhile, politicians and the rich line their pockets.
It's no necessary a bad thing when done right. Allowing it in Bali is a pretty bad idea since it does change the landscape and culture to suit Western lifestyle but if you create entirely new cities in the middle of nowhere for foreign Digital nomads with the shops and restaurants that fits their foreign lifestyle, that's actually not a bad idea since it has no downsides
Gentrification, not paying taxes when poorer locals have to, extra pressure on local ecosystems (more people = more builidings = less natural areas). These natural areas which are what attracts people there in the first place, so it will affect tourism in the generations to come - same as touristic locations which boomed 20 years ago or more, are becoming emptier and emptier because no one wants to see concrete. So there are negative sides to this.
@@barracuda833 It's easy to build an entirely new city that's right next to a beach, there won't be a "local culture" there since there will be an artificial culture that suits whatever foreign tourists, expats and digital nomads needs Indonesia has several cities built on empty land - BSD City, Cikarang, Alam Sutera but they're all for locals Digital nomads might not pay income taxes but they still pay sales tax and food and beverage tax, they pay 10% online transaction tax whenever they use local apps for food delivery and other services, the landlord they rent their villa or apartment from still pays income taxes and property taxes
It is good that people can earn money without any physical contact, the scale of being at work at the same in a vacation is now possible. Digital nomads are the new profession, like everything has to be done online through digital innovation, I mean we are already here. Why we can't adopt and put a new system to perfect it.
If you are working outside your home country, you are not using their services and infrastructure, so you are not costing your government anything. You are using the services and infrastructure of the host country, costing them money. So it makes sense that you only pay taxes to where you are currently, to where you benefit public services. Thats quite some entitlement from the US and Australian Gov to tax their citizens no matter what. A tax for being born there.
The problem I’ve seen with digital nomad is that it sometimes makes prices go so high that the locals can’t even afford living in their homeland anymore. Not to criticize but I just want to point out there are also hidden problems with it
That’s total bs. The amount of people is so little it doesn’t affect macroeconomics except in places like Bali; meanwhile tourism makes even more inflation
@@MathGPT not only Bali, a lot of coastal cities in Mexico and Costa Rica. In Thailand and Panama too, probably other countries but that’s a real problem that doesn’t get enough light
Indian here. we have tens of millions of empty homes bought as investment property not rented out. These yt ppl can come and pay top rent for it, we would be quite happy ! 90% locals already have a paid off home, their home value must have increased 10x in past 10 years and enjoy much more income in restaurants, taxis, homestays, etc.
Yep. Blame the greedy landlords. Then people complain. Well don't treat people differently. They charge foreigners more. Then complain about equality. Works both ways
Sort of? Why are the greedy real estate workers raising prices so high? They didn’t NEED to raise them so high just becuse they knew they could get more from nomads, but they did.
@@keiths2902 I've been telling people for years that most of the world's problems with price hikes are initially caused by greedy real estate agents. The upward spiral begins somewhere, and in most cases, it begins with the person who determines what a roof over your head costs...
@@keiths2902 I'm saying, the nomads need to be more stingy with their money and demand to pay the same as the locals, crushing the increase in demand and discouraging the price gouging. The tourist trap strategy kind of eliminates the whole point when it comes to being an expat!
@@rsync9490 this is up to politicians to solve, not outsiders. It's the politicians and governments that allow the situations to flourish. They could make a policy in a heartbeat to solve the issue
i predict that alot of young westerners will move to the east en masse specifically to Digital nomad hotspots as cost of living just gives you a better deal in life
Not only the cost of living, but Asia is just way more fun than the Western world. Locals are way friendlier and more social, Westerners that live there are friendly, there's virtually no crime, food is cheap and delicious, adventure activities are endless, nightlife is insane, shopping is the best in the world, beaches have white sand and coconut trees, water is aqua, islands have mountains on them, the streets are abuzz with activity, ancient and intricate cultures to learn about, languages to learn etc. Your senses are always busy there and you are constantly expanding. The West is very rules based and people are much more conservative there. In Asia you are free to do whatever your heart desires and you're not judged.
I would expect that as the developing world modernizes, the cost of living will go up, maybe to approximate the west. They want a first world economy and life in Kuala Lumpur. They'll get first world prices.
To protect citizens/locals/culture/traditions: in-person businesses/hotels/etc should be at least owned 50% by a local resident, with agreement with the community in which it is being built in. The goal is to not drive out the locals with whom make the country what it is by preserving their culture, environment and community. Green spaces should be treasured and protected. For nomads, there should be caps on how long you can stay (3 months - 1 year), but also world schooling families should have that option too. Perhaps an education visa for those traveling to learn in a non-traditional school setting ie local drop-in culture, handicraft classes, language, etc. Or at least a 2-3 month visa to cover that time.
Yes, these people enjoy Bali and reap the benefit, unlike the locals. The case with Canggu, many locals are driven out of that village to live somewhere else because the cost of living is higher than their monthly salary.
If workers are moving to areas where it is cheaper on a Western salary, won't it make more sense for the company to hire locally instead of paying American wages?
The talent has to be there. The language skills have to be there. How are you going to hire talent in the Philippines if the talent has gone to the US to earn higher salaries. In the US we import nurses from the Philippines.
They already do, like anywhere outside the US is a steal, even Canada workers make half of what they would make in the US, while the cost of living there is not necessarily much lower, especially in biggest cities. A lot of companies hire in Eastern Europe where the English proficiency and education are on a high level, so apart from the time difference, you're not losing much compared to the savings. Not to mention numerous attempts to outsource to India, but in that case you're more likely to get what you're paying for. In this case, it makes sense to outsource only the jobs that no one in the western countries wants to take, but in poorer countries more desperate workers are more likely to do it anyway.
@@nSiLEtan The cost of living in Canada is way higher than 99% of the US. PLUS they make like 30-50% lower for the same role than the US. It's terrible.
It is a threat of fully remote work, but that local has to be just as good in work skills, the working language, and compatible mindset. Depending on how much all these are required, a native expat would still probably be preferred especially if they offer a discount in their asking price compared to in-country natives.
Hargeisa in Somalia is new hub for digitale nomads. Insha Allah we lovely somali people will greet many forein workers. Somalia food is very delicius. Somali people are very nice and we will give you warm welcome to beutiful Hargeisa insha allah. Ku soo dhawaada Soomaaliya. Allahu akhbar
if they help the local economy i see it as a win-win situation. people often complaining about how foreign tourist make Bali much more expensive BUT Bali is still affordable for the locals, because there are still places for the locals with local prices, PLUS Indonesia prohibits foreigner to own land in their country, the land still belongs to the local and that is all that matter.
Great video on Digital nomads. BALI is just amazing( love the foods, the landscape and most of all the People). Thanks again. Do make more videos on Bali( its just soooooo happening)
Bali is not the the birth place...Look to Chiang Mai, they have the first co-working space way before Bali. Bali is now expensive, from food to real estate. And they are not eating local food but western food. The tourist that use to come from surrounding countries (even local Indonesia) consider it expensive. It has become an island to digital nomad..which itself is a problem. Business are pricing their goods for digital nomads - usually overprice.
True. I'm a digital nomad in Bali and work together with a Indonesian digital nomad. We rent a room together, eat local and always work from the terrace from our room. We don't need that kind of co-working spaces or luxuary villa in western style. The reason I became digital nomad in the first place is because I want to live between the locals. Bye the way I also speak always Bahasa Indonesia when I'm in Bali.
Short term it’s ok but remote jobs are vanishing. It will nuke people’s careers and earning potential if they’re not careful 😅 but if you’re in your twenties go do it !
I have a question if you answered it ty so much? when you relocate to another country, you have time differences with your home country, how do you synchronize your time slots with your co-workers for working together?
I'm assuming you're from the USA. You can stay in the Americas. Mexico City, Playa del Carmen, Columbia,... (Edit: I believe Mexico City has over 700,000 US citizens living there.)
alot of people in Bali will work like 6pm -2am if they need to be on US hours....and then you have others who come super early to coworking space to be in Australian hours. People make it work but I think it would be hard for me!
Suggestion for local sustainable welfare. 1. Focus more on vertical urban growth. 2. Make use of non agricultural land at best. Like UAE and Bahrain desert miracle. 3. Put a lest minimum investment scheme for foreign no mads for local education. Thus you can except betterment.
Unfortunately there is a law in bali that limits vertical urban growth, based on the cultures and traditions of Bali, buildings can't be taller than coconut trees/temple
Digital nomading is a fad that, because of geographic arbitrage, is simply not sustainable. This is unfortunate because it leads to interesting opportunities and lifestyles. Eventually governments will impose restrictions that will make it more sustainable but less attractive to those involved with it now.
Greed is the problem not the DN! If a local can't afford rent it is not the digital nomads' fault. The government needs to regulate those things! If the government wants to tax them, guess what is going to happen next? They will move somewhere else! 😉
Great video love the idea of a digital nomad lifestyle. I wish they had it when I was younger. Hmm. I think it is a complex idea of taxing for those jumping from one spot to another. I also wonder bigger countries would agree to that idea.
Digital Nomads are insignificant. There are not even 1M people in this condition worldwide. Most of them are heirs of multi millionaires or billionaires. Others were paid a great amount of money on lawsuits and are spending a year travelling.
It’s not cost of living, it’s currency exchange rates, that make it seem cheap. It’s the least fucked up governments that have the best currency. That can change so invest in real things before you end up poor holding worthless dollars.
I have had to remove my Adblock as RUclips would not allow me to watch ANY videos. Now I get ads every 3 minutes, so I stop watching the ad and the video. YT is crap now.
The DN visas and DNs themselves need to really damage and ruin the host/new countries that they're in - like what happened in Portugal, Albania, and Greece for rents or in Bali for culture and scenery, to set examples to the world that perhaps the scheme and the concept of DNing needs to be regulated. Set the example for the world to see the negatives and for them to act upon how to mitigate and avoid the consequences.
@@fatboyRAY24 in an ideal world yes, but politics and policies will not allow that in a capitalistic country in favour of profits like Portugal and Greece.
I see atleast 2 big problem One is inflation increases because of these digital nomads Second is digital nomads behaviour And its hard to say who is really benefiting of this
This is so pretentious. You just scratch the surface of the problems nomads bring and sell this as 'before there was nothing and now the community is thriving 😍 you're welcome, locals'. But in reality, locals cant live where they grew up, and in return they'll get to work in the coffee shops you go to. Only locals happy with this are the few that own business and dont work for someone else, but theyre few in between. Plus you'll use the places infrastructure without paying any taxes. To say you're 'helping the community' is just so out of touch with reality. Also retired expats and airbnbs are also to blame, but dont just throw this at them and pretend its not your fault too
Honestly, the entire world economy is moving towards creatives and less traditional workplace themed corporations. Robots will replace those not skulled or specialized
Also what makes you think people from a specific nation will all have a single opinion, as if they act as a monolith. I don’t know where you’re from, but people can have different opinions and recent events in Iran and the unjust ki||ing of Mahsa is a good example.
If I'm a temporary stay because of a program you offer and then on top of that I need special insurance and other requirements I'm not paying you taxes lol. You don't want me to stay. You want a cycle of different people going in an spending money to fuel your local economy.
Its not nomads going into Portugal, it's people that know the next golden age of Portugal is happening between 2024 - 2039 and its one of the only safe places on the planet !
I'm a digital nomad, but don't really want any part of the general community. I appreciate different cultures and cultural immersion and prefer not to be around a bunch of brogrammers in a foreign country.
Interesting that from about 2015-2019 Chiang Mai was the undisputed digital nomad hub of the world, but then Bali upgraded its internet and the rest is history.
Not so sure about that. I led the research initiative at Chiang Mai University from 2015-17 that looked at the socio-economic impact of DNs of the greater Chiang Mai region. There were DN events every night of the week all over town. @@tvtriviachampion
I landed in Chiang Mai from 2017-2019. It had a great run until the government started cracking down on visa runs. I eventually got a work permit and hired on to a Thai company. I miss it.
This happens within countries too tho. For example...I live in the Miami/Fort Lauderdale area and with strict covid lockdown states like New York, people visited here and realized how cheap it was so then they relocated (since they can now work remote) with their inanely high NY salaries and drove the housing prices thru the roof! Locals are either moving back in with their parents, or out to cheaper states/countries, or getting multiple roommates to survive. And even worse, the Silicon Valley techies are moving here as well. So same concept of this video just within the States but across states :(
I'm in Florida, and I'm one of three 30 + year old's in a small neighborhood living with our parents, one of us is a lawyer. It's crazy how much rent has gone up.
something about digital nomads that always confuses me... isn't it technically illegal to work outside of where your actual job is located because of tax reasons? how do they figure this out or is everything just hush hush no one will find out?
i think the time depends on the country. for example in japan the us tourist visa is 90 days but it's only for tourism. technically you can work and study and there's a low chance of getting caught but ya.@@stevenismart
As long as you have the proper work visa (digital nomad visa) you can work anywhere. In the Philippines, the government grants 12-24 months of digital nomad work visa. In terms of tax, it's hard to answer that because every country has it's own tax laws. In the Philippines, if you are a foreigner, you are taxed depending on whether you stayed for more than 2 years. Basically, you are taxed the same way as the citizens if you stayed for more than 2 years. If you stayed for less than 2 years, you are taxed at 25% of gross income, but we also have to consider if there is double taxation agreement, so the tax rate might be lesser
For the UK we only owe tax if we touch ground there, if we kept moving around the world no tax is due to the UK. and then when we finally want to come home we have to stop work for 6 months and then return to the UK then we cant be back charged for the tax we missed.
As a US citizen, who immigrated to Mexico a year ago, I still have to pay tax to the US government and I can’t work locally which is a good protection put in by the Mexican govt. I’ve had local people ask to work with me, but I decline. Some may go ahead and take those clients, but I want to respect that I am a guest in this country (temporary resident) and therefore must respect their laws. Plus, I live in a very traditional neighborhood, so I see my neighbors every day. I’m not in an ex-pat or digital nomads bubble, what I do impacts those around me.
Working remotely has become more competitive than ever since companies are tripling down and laying flat to make people go back to the office instead of letting them work remotely in order to save their real estate portfolio investments. Be prepared to go back in order to up skill and get more competitive experience and then go remote again if you lost that opportunity or never got to in the first place.
@@infini.tesimo Most are freelancers as most US companies will not allow you to work remotely. There are many W2 workers working remote overseas but most of them using VPN routers to mask their location.
I live in Tokyo long-term. Going to a country for a few months every now and then when you feel like it and spending all your time at hipster cafes chatting with your English speaking nomad friends doesn’t make you a local nor are you adding to the community in a meaningful way besides the money. One of the most underappreciated reasons why Tokyo is great is that people are invested in the place unlike most other cities - no matter how big it gets, people plan to live, have their families, and die here. Maybe short term the extra bucks from rich foreigners is a good thing, but IMO counties ought to aim for bringing in foreigners who actually are invested in learning the local language, assimilating deeply and making that place better.
That's because Tokyo or any part of Japan is a higher level of civilization so you are forced to assimilate and learn their language / customs. Japan won't bring themselves down to your level to accommodate your foreign culture. Whereas Indonesia is a low income / poor country desperately in need of investment and development so they have to submit themselves to westerners and their culture.
Soon digital nomads will cease to exist when AI really takes over. AI can do marketing, can code, write content and much more. Also the pay of digital nomads will come down because companies will soon realize why pay a programmer 100K USD when they can pay the locals in that country 20K USD. If your work can be done from anywhere then it means the locals of that country you visit can do it too and much cheaper. Digital nomads will be short lived as pay will drop so much that even living overseas it won't look good.
1) people go to other countries because they can't afford to live in usa and canada especially with 50% taxes. 2) if you charge a digital nomad who has no home base, is not given the local health insurance, is not given a the countrie's passport, and is given a time limit for their stay then they should not be paying taxes. 3) Taxes are actually an entity that garnishes wages for their own agenda it's feasting off people who work hard for their money while millionaires and billionaires pay Zero taxes. You really need to look at why you are hurting hard working slaves who are trying to finally enjoy their life, who bring money to broken economies and who have zero stability because of limited time that they can stay in that country.
digital nomads not the problem they working. tourist that come for happy time that cant control himself to alcohol thats the problem. not only they dangerous to himself and others. i already saw couple of times the foreigner that fight in street. and many shady character come to open business "underground" crime.
![DDG & G Herbo - Nosey [Official Video]](http://i.ytimg.com/vi/I9Ra0Zc2NlQ/mqdefault.jpg)
As an Indonesian, I'm okay with nomads, however, I'm concerning about the usage of USD for transaction within our borders, every transaction within our border should be done in IDR, and the ads for rent, or selling things should be listed in IDR, not USD
Maybe the locals prefer USD inside
maybe the reason they go for USD is so that they can convert USD to IDR and get more out of it.
@@neisanland2503 when I was in Thailand. I wanted to buy Thai notes. The booth person said they will convert it from matching it with USD exchange rates. I could not use my Australian cash to do that.
Don't worry - no one is actually paying in USD. But the entire global populace understands the *value* of USD, so it makes more sense to things in USD if you're catering to tourists and expats. I've been here long enough where I can easily do the mental math to convert, but once prices get above 1 Billion IDR, like if you're trying to purchase real estate, I prefer to see things in USD so I can more easily figure out how much I'd potentially spend. If I were to actually buy that property, of course it'd be converted to IDR. It'd be completely illegal to do otherwise; legal tender *must* be in IDR.
Using USD is countries we travel to is bad for the tourists and bad for the locals in general. it very obviously increases the costs sharply. I’m in cambodia right now and your food & drink expenses actually go up here because of the USD use compared to bangkok or KL. I do imagine it benefits the business owners, but local customers are getting screwed now.
Basically it’s a western colony filled with western bars and cafes suiting foreigners’ lifestyle rather than the locals
That's how it is. And western people ripping of western people when it comes to prices
Who wants to live in a shanty hut? No one if they had the choice.
@@rocketmangenesis here comes the typical colonizer’s “savior” mindset, Im here to save yall by me taking advantage of your cheap labor and poor condition! Let me partner with our other western friends and hire yall locals for all the low paying manual work!
gentrification
Goes both ways 👀
Great video. I'm an international tax advisor and mostly work with nomads - this is an area where traditional tax laws have not yet caught up with the modern world. It's ripe for change but it will be slow. In the meantime, sorting out taxes for these guys is messy lol
In the case of Aussies earning money from an Australian company while they live abroad, most are perfectly happy paying their normal income tax and Superannuation contributions into the Australian Tax Office and Super fund. Mostly because they know that it means they can go home for medical and other services if they ever felt like heading home or really needed to...
Maybe you know the answer: If the employee is citizen of Poland (EU) lives in Poland and work in US company remotely according to B2B contract (the citizen has an one-person business entity in Poland and just sends invoices to US company). How do the company should treat these invoices? As a regular expenses? I know how to pay taxes from employee side, but not from company side
I would imagine it's only messy if the DN is an American, as American citizens are the only ones that are taxed by citizenship, rather than by residency. As a Canadian, I can go and live my life as a DN and not have to pay taxes in Canada. Of course, I lose my tax-payer funded health care if I do that, but I find health care abroad is just as good, if not better, than back home and relatively inexpensive for the places I'd choose. However, I prefer residency visas over DN visas. That way I can actually buy a house and stay as long as I want, instead of hoping around the world every few months.
@@realismatitsfinest5745 yeah you're right it's mostly Americans which have the more complex cases. However another complexity is the people who move around a lot and have a trace in multiple places (like property, a business, family etc). For example, in certain circumstance having a property in Germany, Sweden, Spain or France can make you tax resident in those countries even if you spend no time there. But that won't stop the new residency country trying to tax you, so double taxation resolution is a common issue.
@@sprite7393 yes the US company treats this as a regular business expense. You may find that occasionally the US company might ask you for Form W-8BEN - this is a form used to establish that the contractor is not a U.S. person. It also establishes that the income is not subject to U.S. withholding tax under the U.S.-Poland tax treaty.
Southern Italy should implement this ASAP, hope this part of my country can prosper again
Under the current administration, seems impossible
you dont want people who can out money you to live around you, gentrification is a thing.
@@watagapitusberry7197 Italy is a different case because a lot of the country has a very low population and very low birth rates
@@watagapitusberry7197 gentrification will help way more than than surrounding people.
Because our case is very different
And this process will be soo fast and have a domino affect in the neighboring state
So yes we need more atleast wealthy and knowledgeable people in this area, rather than illegal migrants
A lot of gringos -er, Americans - are buying property in Southern Italy for retirement and renovating existing older houses. Of course, they have to hire Italians to do the work and use Italian real estate agents.
Digital Nomads have created a 2 Tiered class structure with the Balinese at the bottom. Locals have sold their generational farmland for short term profits, rice fields are on their way out to be converted into hotels, guesthouses, cafes and restaurants with the locals being paid sh#t wages as modern day serfs.
I resided in Bali from 2020 until 2022 during the pandemic era. Bali has gone downhill in so many areas, it no longer feels like the rest of Indonesia, its been taken over by bules especially disrespectful Russians who don't care about the local people or culture.
This once beautiful island is now dirty, polluted, beaches are filthy and the traffic and crime are increasing. I'm glad I left and will probably not return.
this.
You left off the the people of Bali are generally much richer now than 10-20 years ago. Some of what you brought up are valid concerns but let’s keep these discussions honest
it's the balinese who did this to themselves tbh
Balinese are pretty well off now, because they sit on a gold mine which are their lands, sold at $20k per are
I went for my Honeymoon in 2019, BALI was amazing at that time, i wanted to go back, this year, but its too packed, absolutely horrible!! They’ve ruined the Island and now, its on to the next one… we will see youtube videos of the new place thats going to be ruined by these people!! Its sad!!
My island of Puerto Rico suffers from this but i have tried to explain is the issue isn’t the nomads. The issue is the way it drives prices up. Most nomads I’ve been seeing are humble usually educated obviously. In PR they were very surprised at the cost of food. The problem is the corporations who are given advice from accountants buy real estate and are left as a loss to the company then the company claims that lost profits. Again it’s not the digital nomads faults it the unrestrained issues it causes for locals
So it is the fault of nomads, we cant blame them morally, but from a cold logical standpoint they are a major reason behind this phenomenon.
@@HelloOnepiece yes it’s is accurate . I agree with you on the business side that is the reality. Still fault of nomads
Arriba los Boricuas!
@@HelloOnepiecewe can blame them morally, they’re guaging the local population. I have no empathy for these large corporations. Business is A RISK. Risk means you can fail. They failed so boohoo they should deal with the consequences
@@HelloOnepiece this is true but the governments allow the context and situation to happen. The solution is purely political
Malaysia has also launched its own Digital Nomad Visa called De Rantau
These 'digital nomad' asshats have absolutely ruined Bali, especially Canggu, and completely priced out local Balinese people from being able to live nearby their place of work. An Indonesian friend of mine is a real estate agent in Bali and he has explained how dozens upon dozens of families he has known for many years are being kicked out of their long-term homes by landlords who are seeing easy money (like, 10x the money) in these digital nomads... All they do is fill up the now empty apartment with low-cost furniture and fittings and have a local photographer come in and get shots of the newly decorated/furnished apartment and then advertise it on expat/nomad-centric websites. Just take a look at satellite photos of Canggu from 10 years ago compared to now...
Some foreigners have this mentality that they are superior compared to the locals.
Foreigner’s salary is way higher than the locals. It makes the foreigner entitled to what the place can offer. Meanwhile the local is being left out.
Ok so what do you say to the Chinese that come and buy everything up and employ you to give worse working conditions. Nothing that's what
The problem with these "digital nomads" is that they are earning foreign wages while living in local cost of living. They are literally driving up costs locally while producing nothing, unless of course they pay the local tax. And unlike physical labor (how the hell do you digitalize that?), these digital nomads take no part in the active culture and community around them.
In my country this is a growing problem. Because foreigners needs to understand that when you are in a foreign soil, you actually need to communicate and take part in local activities so that the locals don't start othering you which will affect other foreigners too.
Thank you or saying this. I seen this happen when I travelled overseas. Often they will pay 6 months of rent all at once because its cheap to them. The push back is now happening and eventually the Government will have to make changes for digital nomads otherwise mass homeless will be an issue. What I see from these young nomads is they go and live on luxury because they cannot do that back at home. They not saving money but just spending like they rich. Its sickening.
You realize that "driving costs up" means increasing local income, don't you? Why the heck do you think the cost of living in the UK is greater than in Indonesia? Or you just want locals to keep poor?
Austrialian saying 4 weeks of annual leave isn't enough, meanwhile I have 2 weeks in US...
Meanwhile people in Japan have less.
Meanwhile people in 3rd world contries struggle to make enough to survive
Meanwhile ... stop whining.
@@johnzarek3628😂😂😂
Yeah while malaysia some people had only 8 off days per year
@@niidaimehokage5731 Well that's THEIR CHOICE!
Nobody asks you to live like a 🐶
Thin line between job slavery and chattel slavery...
My country doesn't even have Airbnb but renting per night destroyed market here since nobody wants to rent for people that need full time rent.
Sri Lanka is a relatively new location for Digital Nomads, and it offers a variety of visa types for Remote workers and is currently less crowded plus much cheaper than Bali. The southern coast, especially coastal cities such as Mirissa, Weligama and adjacent areas are currently the hottest on the Island.
but then you would have to deal with sri lankans.
they just had a gov overthrow. hard no
@@DigitalYojimbo Don't get me started!
What's problematic about them?
@@DigitalYojimbo what's the problem dealing with them? There is no issues dealing with Sri Lankans. RUclips some travel videos about Sri Lanka and you'll know for yourself about Sri Lankas.
Yo, the foreigners keep building villa in Bali, not cool. Economy is running, but also there are GENTTRIFICATION
The heart of the problem is exploding home prices and interest rates. Younger generations in the US can’t afford to buy. Meanwhile, politicians and the rich line their pockets.
100% correct
It's no necessary a bad thing when done right. Allowing it in Bali is a pretty bad idea since it does change the landscape and culture to suit Western lifestyle but if you create entirely new cities in the middle of nowhere for foreign Digital nomads with the shops and restaurants that fits their foreign lifestyle, that's actually not a bad idea since it has no downsides
Gentrification, not paying taxes when poorer locals have to, extra pressure on local ecosystems (more people = more builidings = less natural areas). These natural areas which are what attracts people there in the first place, so it will affect tourism in the generations to come - same as touristic locations which boomed 20 years ago or more, are becoming emptier and emptier because no one wants to see concrete.
So there are negative sides to this.
@@barracuda833 It's easy to build an entirely new city that's right next to a beach, there won't be a "local culture" there since there will be an artificial culture that suits whatever foreign tourists, expats and digital nomads needs
Indonesia has several cities built on empty land - BSD City, Cikarang, Alam Sutera but they're all for locals
Digital nomads might not pay income taxes but they still pay sales tax and food and beverage tax, they pay 10% online transaction tax whenever they use local apps for food delivery and other services, the landlord they rent their villa or apartment from still pays income taxes and property taxes
So basically Gentrification popping whereever theses Yes-Mads go
It is good that people can earn money without any physical contact, the scale of being at work at the same in a vacation is now possible. Digital nomads are the new profession, like everything has to be done online through digital innovation, I mean we are already here. Why we can't adopt and put a new system to perfect it.
I agree.
Lot of digital nomad jobs will go away when AI takes over more!
If you are working outside your home country, you are not using their services and infrastructure, so you are not costing your government anything. You are using the services and infrastructure of the host country, costing them money. So it makes sense that you only pay taxes to where you are currently, to where you benefit public services. Thats quite some entitlement from the US and Australian Gov to tax their citizens no matter what. A tax for being born there.
The problem I’ve seen with digital nomad is that it sometimes makes prices go so high that the locals can’t even afford living in their homeland anymore. Not to criticize but I just want to point out there are also hidden problems with it
That’s total bs. The amount of people is so little it doesn’t affect macroeconomics except in places like Bali; meanwhile tourism makes even more inflation
@@MathGPT not only Bali, a lot of coastal cities in Mexico and Costa Rica. In Thailand and Panama too, probably other countries but that’s a real problem that doesn’t get enough light
I believe that's more of a combination of factors and players from digital nomads and wealthy tourists to foreign real estate investors.
White inmigrants with money = BAD
BROKE Dark skinned inmigrants = GOOD
Indian here. we have tens of millions of empty homes bought as investment property not rented out. These yt ppl can come and pay top rent for it, we would be quite happy !
90% locals already have a paid off home, their home value must have increased 10x in past 10 years and enjoy much more income in restaurants, taxis, homestays, etc.
Yes, we are, but it's not our fault. Governments are slow and we don't see many opportunities in the future...
The locals raise the rent prices not necessarily the digital monads themselves. Both together.
It's the same thing that happened in San Francisco. The local landlords raised the rent prices because of the professionals from Silicon Valley.
Yep. Blame the greedy landlords. Then people complain. Well don't treat people differently. They charge foreigners more. Then complain about equality. Works both ways
I spent a couple months in Bali and it was absolutely incredible it was my favorite destination
It's not a nomad's fault if the locals decide to increase rent prices or build over rice pads..
You’re not taking jobs from the locals but you’re making the prices skyrocket that make everything expensive for locals 🤷🏻♀️
Sort of? Why are the greedy real estate workers raising prices so high? They didn’t NEED to raise them so high just becuse they knew they could get more from nomads, but they did.
@@keiths2902 I've been telling people for years that most of the world's problems with price hikes are initially caused by greedy real estate agents. The upward spiral begins somewhere, and in most cases, it begins with the person who determines what a roof over your head costs...
@@keiths2902 I'm saying, the nomads need to be more stingy with their money and demand to pay the same as the locals, crushing the increase in demand and discouraging the price gouging. The tourist trap strategy kind of eliminates the whole point when it comes to being an expat!
@@rsync9490 this is up to politicians to solve, not outsiders. It's the politicians and governments that allow the situations to flourish. They could make a policy in a heartbeat to solve the issue
@@keiths2902 Congrats on discovering capitalism Keith
i predict that alot of young westerners will move to the east en masse specifically to Digital nomad hotspots as cost of living just gives you a better deal in life
I see your point 😳
Not only the cost of living, but Asia is just way more fun than the Western world. Locals are way friendlier and more social, Westerners that live there are friendly, there's virtually no crime, food is cheap and delicious, adventure activities are endless, nightlife is insane, shopping is the best in the world, beaches have white sand and coconut trees, water is aqua, islands have mountains on them, the streets are abuzz with activity, ancient and intricate cultures to learn about, languages to learn etc. Your senses are always busy there and you are constantly expanding. The West is very rules based and people are much more conservative there. In Asia you are free to do whatever your heart desires and you're not judged.
I would expect that as the developing world modernizes, the cost of living will go up, maybe to approximate the west. They want a first world economy and life in Kuala Lumpur. They'll get first world prices.
If you have been to KL you would know the amoiunt of skyscrapers dwarfs other places, prices wont reach western rates for decades @@SportsIncorporated
@@kayflip2233 its fun only when you make money in USD !
To protect citizens/locals/culture/traditions: in-person businesses/hotels/etc should be at least owned 50% by a local resident, with agreement with the community in which it is being built in. The goal is to not drive out the locals with whom make the country what it is by preserving their culture, environment and community. Green spaces should be treasured and protected. For nomads, there should be caps on how long you can stay (3 months - 1 year), but also world schooling families should have that option too. Perhaps an education visa for those traveling to learn in a non-traditional school setting ie local drop-in culture, handicraft classes, language, etc. Or at least a 2-3 month visa to cover that time.
Portugal’s economy never recovered , rents still increasing . People still coming . Not much has changed
Those dudes aren’t paying proper taxes
Yes, these people enjoy Bali and reap the benefit, unlike the locals. The case with Canggu, many locals are driven out of that village to live somewhere else because the cost of living is higher than their monthly salary.
Well tell the landlords to stop charging more to non locals.
Help the locals. It should not be the haves and have nots
58 countries now offer a Digital nomad visa. I live in the Philippines on a retiree visa (SRRV).
If everyone thinks working on rice field is bad....whose going to produce rice.
If workers are moving to areas where it is cheaper on a Western salary, won't it make more sense for the company to hire locally instead of paying American wages?
They cant move to that country.......
The talent has to be there. The language skills have to be there. How are you going to hire talent in the Philippines if the talent has gone to the US to earn higher salaries. In the US we import nurses from the Philippines.
They already do, like anywhere outside the US is a steal, even Canada workers make half of what they would make in the US, while the cost of living there is not necessarily much lower, especially in biggest cities. A lot of companies hire in Eastern Europe where the English proficiency and education are on a high level, so apart from the time difference, you're not losing much compared to the savings. Not to mention numerous attempts to outsource to India, but in that case you're more likely to get what you're paying for. In this case, it makes sense to outsource only the jobs that no one in the western countries wants to take, but in poorer countries more desperate workers are more likely to do it anyway.
@@nSiLEtan The cost of living in Canada is way higher than 99% of the US. PLUS they make like 30-50% lower for the same role than the US. It's terrible.
It is a threat of fully remote work, but that local has to be just as good in work skills, the working language, and compatible mindset. Depending on how much all these are required, a native expat would still probably be preferred especially if they offer a discount in their asking price compared to in-country natives.
what about gentrification?
as long the nomad pay same taxes as local is fine for me
Fair!
Would be great if there was a south east Asia visa, a South America visa, and so on.
But most countries seem to fight between each other
Nomad Capitalist "Go where you're treated best"
Hargeisa in Somalia is new hub for digitale nomads. Insha Allah we lovely somali people will greet many forein workers. Somalia food is very delicius.
Somali people are very nice and we will give you warm welcome to beutiful Hargeisa insha allah.
Ku soo dhawaada Soomaaliya. Allahu akhbar
Great video and Many Thanks....!!!
🤩🤩🤩
if they help the local economy i see it as a win-win situation. people often complaining about how foreign tourist make Bali much more expensive BUT Bali is still affordable for the locals, because there are still places for the locals with local prices, PLUS Indonesia prohibits foreigner to own land in their country, the land still belongs to the local and that is all that matter.
Digital Nomas are happy people man, love that culture
i have been a digital nomad for 20 years, these kids have it too easy
Im coming there after 6-7 years . When i became digital nomad
Check BGC in the Philippines. It looks like a first world city without the downsides of price and crime.
Every countries implementing a income tax on remote workers will end up loosing everything. Taxes on goods is already enough.
9:02 - And what of the Prawns? Anyone care about them?
Great video on Digital nomads. BALI is just amazing( love the foods, the landscape and most of all the People). Thanks again. Do make more videos on Bali( its just soooooo happening)
Bali is not the the birth place...Look to Chiang Mai, they have the first co-working space way before Bali. Bali is now expensive, from food to real estate. And they are not eating local food but western food. The tourist that use to come from surrounding countries (even local Indonesia) consider it expensive. It has become an island to digital nomad..which itself is a problem. Business are pricing their goods for digital nomads - usually overprice.
Co-working space is not a standard place for digital nomad.. digital nomad can work anywhere even inside their room or villa, educate yourself 😂
True. I'm a digital nomad in Bali and work together with a Indonesian digital nomad. We rent a room together, eat local and always work from the terrace from our room. We don't need that kind of co-working spaces or luxuary villa in western style. The reason I became digital nomad in the first place is because I want to live between the locals. Bye the way I also speak always Bahasa Indonesia when I'm in Bali.
There will always be change. We have to adapt. Nothing stays the same forever.
wtf, i've been a digital nomad since 2016 on H1b in Murica . Is this the new cool thing to call it now ?
Nobody wants your kind around. No h1b1s
necessito viajar con mi laptop a si
Short term it’s ok but remote jobs are vanishing. It will nuke people’s careers and earning potential if they’re not careful 😅 but if you’re in your twenties go do it !
how long will these influencers will show the exact same place
why should i pay taxes when i get no services?
it is mandatory to be proficient on indonesian?
I have a question if you answered it ty so much? when you relocate to another country, you have time differences with your home country, how do you synchronize your time slots with your co-workers for working together?
Exactly why would someone from California go to Bali and still be able to work with his colleagues with a massive timezone difference.
I'm assuming you're from the USA. You can stay in the Americas. Mexico City, Playa del Carmen, Columbia,... (Edit: I believe Mexico City has over 700,000 US citizens living there.)
alot of people in Bali will work like 6pm -2am if they need to be on US hours....and then you have others who come super early to coworking space to be in Australian hours. People make it work but I think it would be hard for me!
If you hire people from around the world you can perform work the entire 24 hour day. Have support all day and all night long.@@maxpaynestory
@@SportsIncorporated Columbia is a city in South Carolina, you may be referring to Colombia instead.
How do I find a digital nomad job?
All those flying is not good for the environment especially those doing visaruns
do you consider yourself a digital nomad love your vids
I mean! That depends usually through phases. I would say 😊
Suggestion for local sustainable welfare.
1. Focus more on vertical urban growth.
2. Make use of non agricultural land at best. Like UAE and Bahrain desert miracle.
3. Put a lest minimum investment scheme for foreign no mads for local education.
Thus you can except betterment.
Unfortunately there is a law in bali that limits vertical urban growth, based on the cultures and traditions of Bali, buildings can't be taller than coconut trees/temple
@@Sebastiancityfans thanks for sharing.
Digital nomading is a fad that, because of geographic arbitrage, is simply not sustainable. This is unfortunate because it leads to interesting opportunities and lifestyles. Eventually governments will impose restrictions that will make it more sustainable but less attractive to those involved with it now.
I don't understand how digital nomads can afford to keep bopping and paying for airfare every month, 3 months, 6 months??
This is so problematic on so many levels
What are you going to do when global blackout comes?😅
Greed is the problem not the DN! If a local can't afford rent it is not the digital nomads' fault. The government needs to regulate those things! If the government wants to tax them, guess what is going to happen next? They will move somewhere else! 😉
Argentina!.. Argentina!.. Argentina!.. ⚽⚽😎😎❤❤
Great video love the idea of a digital nomad lifestyle. I wish they had it when I was younger. Hmm. I think it is a complex idea of taxing for those jumping from one spot to another. I also wonder bigger countries would agree to that idea.
Back then and now there's always the country hopping English teacher
The big downside is THE I.R.S in digital nomad's country of citizenship!
Digital Nomads are insignificant. There are not even 1M people in this condition worldwide. Most of them are heirs of multi millionaires or billionaires. Others were paid a great amount of money on lawsuits and are spending a year travelling.
Most of us are in software. Definitely not millionaires and billionaires.
It’s not cost of living, it’s currency exchange rates, that make it seem cheap. It’s the least fucked up governments that have the best currency. That can change so invest in real things before you end up poor holding worthless dollars.
Mereka ini bule 😢kerja nya jdi penipu di medsos pinjol penipu+loker lowongan kerja bohong di fesbuk dll😢
I have had to remove my Adblock as RUclips would not allow me to watch ANY videos. Now I get ads every 3 minutes, so I stop watching the ad and the video. YT is crap now.
get premium brokee
Dearly crap.
Ublock origin, plus revanced for Android .. no Ads 😊😊
So basically the brits doing there thing, colonize
Nah. Because Western currency is higher than poor countries. Bull. They still disrespect locals.
abcd ?
What a turn around after covid19. Congrats Bali.
The DN visas and DNs themselves need to really damage and ruin the host/new countries that they're in - like what happened in Portugal, Albania, and Greece for rents or in Bali for culture and scenery, to set examples to the world that perhaps the scheme and the concept of DNing needs to be regulated.
Set the example for the world to see the negatives and for them to act upon how to mitigate and avoid the consequences.
Cost caps on rent could solve that very easily.
@@fatboyRAY24 in an ideal world yes, but politics and policies will not allow that in a capitalistic country in favour of profits like Portugal and Greece.
Dude with his bare feet on a chair in a shared workspace...
I see atleast 2 big problem
One is inflation increases because of these digital nomads
Second is digital nomads behaviour
And its hard to say who is really benefiting of this
This is so pretentious. You just scratch the surface of the problems nomads bring and sell this as 'before there was nothing and now the community is thriving 😍 you're welcome, locals'.
But in reality, locals cant live where they grew up, and in return they'll get to work in the coffee shops you go to. Only locals happy with this are the few that own business and dont work for someone else, but theyre few in between.
Plus you'll use the places infrastructure without paying any taxes.
To say you're 'helping the community' is just so out of touch with reality.
Also retired expats and airbnbs are also to blame, but dont just throw this at them and pretend its not your fault too
Who's the hottie in the thumbnail
Yeah Portugal, Spain and Mexico looooove you guys. Stay away please
AI is coming and we’re gonna loose the jobs 😂
Honestly, the entire world economy is moving towards creatives and less traditional workplace themed corporations.
Robots will replace those not skulled or specialized
You think so?
Watch out for AI in the creative realm
Sounds great. Now get back to the office!
As an Iranian, why don’t you speak up for the Palestinians?
He's American
Also what makes you think people from a specific nation will all have a single opinion, as if they act as a monolith. I don’t know where you’re from, but people can have different opinions and recent events in Iran and the unjust ki||ing of Mahsa is a good example.
Why would an Iranian have to speak up for every thing? When is the last time anyone spoke up for Sri Lankan Tamils? Why only Palestine Israel?
If I'm a temporary stay because of a program you offer and then on top of that I need special insurance and other requirements I'm not paying you taxes lol. You don't want me to stay. You want a cycle of different people going in an spending money to fuel your local economy.
Its not nomads going into Portugal, it's people that know the next golden age of Portugal is happening between 2024 - 2039 and its one of the only safe places on the planet !
I'm a digital nomad, but don't really want any part of the general community. I appreciate different cultures and cultural immersion and prefer not to be around a bunch of brogrammers in a foreign country.
Amen
i call the other type digital ex pats
Too good for your own lol
Interesting that from about 2015-2019 Chiang Mai was the undisputed digital nomad hub of the world, but then Bali upgraded its internet and the rest is history.
Chiang Mai attracts more low key nomads. Bali attracts nomads that want more social interaction and networks. It’s working well.
Not so sure about that. I led the research initiative at Chiang Mai University from 2015-17 that looked at the socio-economic impact of DNs of the greater Chiang Mai region. There were DN events every night of the week all over town.
@@tvtriviachampion
Interesting. Been to both and tbh, Chiang Mai hands down is a lot more tranquil than Bali :)
I landed in Chiang Mai from 2017-2019. It had a great run until the government started cracking down on visa runs. I eventually got a work permit and hired on to a Thai company. I miss it.
A proper digital nomad experiences both Chiang Mai and Bali eventually
Westerners: Digital Nomad & Expats
Non-westerners: Immigrants & Foreigners
This happens within countries too tho. For example...I live in the Miami/Fort Lauderdale area and with strict covid lockdown states like New York, people visited here and realized how cheap it was so then they relocated (since they can now work remote) with their inanely high NY salaries and drove the housing prices thru the roof! Locals are either moving back in with their parents, or out to cheaper states/countries, or getting multiple roommates to survive. And even worse, the Silicon Valley techies are moving here as well. So same concept of this video just within the States but across states :(
I'm in Florida, and I'm one of three 30 + year old's in a small neighborhood living with our parents, one of us is a lawyer. It's crazy how much rent has gone up.
something about digital nomads that always confuses me... isn't it technically illegal to work outside of where your actual job is located because of tax reasons? how do they figure this out or is everything just hush hush no one will find out?
I think you just can't stay in a country for more than 6 months a year or you would get taxed by that country
i think the time depends on the country. for example in japan the us tourist visa is 90 days but it's only for tourism. technically you can work and study and there's a low chance of getting caught but ya.@@stevenismart
As long as you have the proper work visa (digital nomad visa) you can work anywhere. In the Philippines, the government grants 12-24 months of digital nomad work visa. In terms of tax, it's hard to answer that because every country has it's own tax laws. In the Philippines, if you are a foreigner, you are taxed depending on whether you stayed for more than 2 years. Basically, you are taxed the same way as the citizens if you stayed for more than 2 years. If you stayed for less than 2 years, you are taxed at 25% of gross income, but we also have to consider if there is double taxation agreement, so the tax rate might be lesser
For the UK we only owe tax if we touch ground there, if we kept moving around the world no tax is due to the UK. and then when we finally want to come home we have to stop work for 6 months and then return to the UK then we cant be back charged for the tax we missed.
As a US citizen, who immigrated to Mexico a year ago, I still have to pay tax to the US government and I can’t work locally which is a good protection put in by the Mexican govt. I’ve had local people ask to work with me, but I decline. Some may go ahead and take those clients, but I want to respect that I am a guest in this country (temporary resident) and therefore must respect their laws. Plus, I live in a very traditional neighborhood, so I see my neighbors every day. I’m not in an ex-pat or digital nomads bubble, what I do impacts those around me.
Working remotely has become more competitive than ever since companies are tripling down and laying flat to make people go back to the office instead of letting them work remotely in order to save their real estate portfolio investments. Be prepared to go back in order to up skill and get more competitive experience and then go remote again if you lost that opportunity or never got to in the first place.
I have wondered how the back to the office movement is affecting Nomads. Are most digital nomads freelancers and consultants nowadays?
@@utamu777 nah not all. There's still w2 employees out there working fully remote.
@@infini.tesimo Most are freelancers as most US companies will not allow you to work remotely. There are many W2 workers working remote overseas but most of them using VPN routers to mask their location.
I live in Tokyo long-term. Going to a country for a few months every now and then when you feel like it and spending all your time at hipster cafes chatting with your English speaking nomad friends doesn’t make you a local nor are you adding to the community in a meaningful way besides the money. One of the most underappreciated reasons why Tokyo is great is that people are invested in the place unlike most other cities - no matter how big it gets, people plan to live, have their families, and die here. Maybe short term the extra bucks from rich foreigners is a good thing, but IMO counties ought to aim for bringing in foreigners who actually are invested in learning the local language, assimilating deeply and making that place better.
What visa you on for long term stay in Tokyo?
Yeah true true
I have seen more foreigners becoming more locals in Bali. It’s been like that for a long time
That's because Tokyo or any part of Japan is a higher level of civilization so you are forced to assimilate and learn their language / customs. Japan won't bring themselves down to your level to accommodate your foreign culture. Whereas Indonesia is a low income / poor country desperately in need of investment and development so they have to submit themselves to westerners and their culture.
ok, so just because you are in Tokyo for a few years you feel entitled to dictate how every other foreigner should live their lives there. Funny
Soon digital nomads will cease to exist when AI really takes over. AI can do marketing, can code, write content and much more. Also the pay of digital nomads will come down because companies will soon realize why pay a programmer 100K USD when they can pay the locals in that country 20K USD. If your work can be done from anywhere then it means the locals of that country you visit can do it too and much cheaper. Digital nomads will be short lived as pay will drop so much that even living overseas it won't look good.
It is illegal. Some foreigners were deported in Bali for this so-called visa that is not really a legal visa. Beware!
1) people go to other countries because they can't afford to live in usa and canada especially with 50% taxes. 2) if you charge a digital nomad who has no home base, is not given the local health insurance, is not given a the countrie's passport, and is given a time limit for their stay then they should not be paying taxes. 3) Taxes are actually an entity that garnishes wages for their own agenda it's feasting off people who work hard for their money while millionaires and billionaires pay Zero taxes. You really need to look at why you are hurting hard working slaves who are trying to finally enjoy their life, who bring money to broken economies and who have zero stability because of limited time that they can stay in that country.
digital nomads not the problem they working. tourist that come for happy time that cant control himself to alcohol thats the problem. not only they dangerous to himself and others. i already saw couple of times the foreigner that fight in street. and many shady character come to open business "underground" crime.
Digital Nomad = Individual colonist/ opportunist.