If you work remotely, you may have more power than you know. With a remote job, whether as a W2 employee or a 1099 freelancer, you can pick up and move to dozens of countries around the globe, thanks to digital nomad visas (DNV). While some variation of the DNV has been around for a while, it exploded in popularity during the COVID-19 pandemic.
For some, remote work was only a temporary solution to social distancing. However, for millions of other workers around the globe, it is a permanent opportunity.
Every year, additional countries unveil their own DNVs. With such a large temporary workforce, it makes it possible for foreign nations to cash in on remote workers. Some DNVs allow visa holders to remain for several years and even pay taxes.
While only some countries offer a DNV (or one worth applying for), there is often a viable alternative. Although it’s never possible to completely replicate the experience of living in one country by moving to another, there are often options that come about as close to the desired country that lacks a desirable DNV as possible.
Italy, for example, has promised such a visa for years, but that has yet to come to fruition. Thankfully, other Adriatic Sea nations such as Croatia and Albania offer visas, which offer similar coastal lifestyles for less money.
Japan recently unveiled its much anticipated, but less than stellar DNV. Of course, it is impossible to replicate what Japan offers, so individuals hellbent on taking advantage of the 6-month offering should, by all means, take advantage. However, at the same time, South Korea also has a brand-spanking new DNV, and while not a one-to-one comparison, the alternative might be more beneficial to remote workers.
Why Consider South Korea’s Digital Nomad Visa
Many of South Korea’s DNV requirements are similar to that of the Japanese DNV. Both are on the higher end of the minimum income requirement spectrum. Japan requires remote workers to earn at least 10 million yen. Presently, that is $66,437. The South Korean DNV has a minimum income requirement of 85 million won, which is $63,805.
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