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

Male hiker having a drink while he's using a laptop on a rock near a lake in the mountain.
Todor Tsvetkov / Getty Images

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

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

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

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

Research Financial Requirements

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

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

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

Today's Top Offers

Assess Tax Obligations

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

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

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

Stay on Top of Health Insurance

According to experts, another key point is health insurance. 

“I think a lot of people overlook this, but most digital nomad visas require proof of comprehensive coverage,” said Farrell. “I always recommend choosing an international plan that covers emergency evacuation — better safe than sorry.”

Gasparian also emphasized the importance of taking this into account. “Since many countries demand it of their expats, failing to get private health insurance could result in harsh fines or visa loss.”

Double-Check Visa Renewal Terms

It’s important to double-check your visa renewal terms, said Farrell. “Some countries allow renewals, while others make you leave after a set period. I’ve seen people miss this detail and scramble to adjust their plans.”

Today's Top Offers

He added, “If you’re willing to invest the time to plan and prepare, the digital nomad lifestyle can be incredibly rewarding. It’s not just about work — it’s about embracing a whole new way of life.”

BEFORE YOU GO

See Today's Best
Banking Offers

Looks like you're using an adblocker

Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates.

  • AdBlock / uBlock / Brave
    1. Click the ad blocker extension icon to the right of the address bar
    2. Disable on this site
    3. Refresh the page
  • Firefox / Edge / DuckDuckGo
    1. Click on the icon to the left of the address bar
    2. Disable Tracking Protection
    3. Refresh the page
  • Ghostery
    1. Click the blue ghost icon to the right of the address bar
    2. Disable Ad-Blocking, Anti-Tracking, and Never-Consent
    3. Refresh the page