What is digital nomadism and how to be it in Europe

El nomadismo digital es una de las tendencias que más está creciendo en el mundo, permitiendo trabajar en el paraíso que siempre se soñó.

Have you ever considered the possibility of doing the same work without the hassle of big cities, traffic, and more? One of the few (maybe the only) benefits of the pandemic was to demonstrate that you can work through digital nomadism in some of the paradise-like places that this beautiful planet has.

If there’s one thing for sure, remote work is here to stay. In recent years, there has been a tremendous rise in the trend of “digital nomadism,” which refers to people who adopt a lifestyle that allows them to work while constantly moving and in a sustainable manner.

Digital nomads have several resources and factors to consider in order to carry out their lifestyle efficiently. They must take into account salaries, cost of living, tax systems, visas/residencies, among others. Undoubtedly, the most experienced nomads manage to find the formula to outsmart the system and see benefits, both emotional and economic, compared to their old lives in the daily routine. What does digital nomad mean?

Some secrets of digital nomadism:

The most important thing to join digital nomadism is to find a job in a country with average salaries higher than your country of residence, with similar time zones (to maintain a reasonable work schedule).

Undoubtedly, the best place in the world to achieve this is Europe. With the Schengen Agreement, you can move freely across all countries without restrictions, while maintaining residency in any European Union country. Additionally, you will find the largest salary gaps – cost of living for countries with a high standard of living.

Today, thousands of people are employed in Denmark, Sweden, Norway, France, Germany, Switzerland, etc., and working remotely from Portugal or Greece, which allows them to have a purchasing power 2-3 times higher with the same salary.

Digital Nomad Visas – AIM Global

At AIM Global, we obtain digital nomad visas for Portugal, Spain, and Greece, allowing our clients to maintain their current job, no matter where it is, and live in these European paradises with an excellent quality of life and benefits for residents. The residency will be effective for free movement throughout the Schengen area, so nobody will monitor your movement between countries, let alone if you are working from your laptop from Portugal or Italy.

These programs include a tax benefit to be exempt from certain foreign-source taxes and maintain a fixed first-category tax rate of 20% (Portugal) and 24% (Spain) for 10 years.

The best part is that by maintaining legal residency in these countries, you have the right to naturalize and obtain an irrevocable and lifelong European passport, one of the great advantages of digital nomadism.

In Portugal, it requires at least 5 years, with a minimum of 6 months per year, while in Spain, it requires at least 2 years, with a minimum of 9 months per year, but only for Ibero-American citizens.

To maintain these residency visas, it is only necessary to justify a minimum income from remote work in a country different from the one where the application is processed. Both in Portugal and Spain, it is possible to include your family and enjoy excellent benefits as a resident in terms of quality of life, education, healthcare, among others.

If you are interested in learning more about our digital nomad programs, contact us to speak with a specialist who can advise you properly.

Have the adventure of your life with AIM Global by your side!

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