Why Asian countries are becoming more and more popular among digital nomads: we explain
After South Korea, Japan will soon start offering "digital nomad" visas to foreign travelers. Last year, nine of the fastest growing destinations for such professionals were from Asia.
A digital nomad is a person who works remotely and stays in a country for a short period of time. Digital nomadism or a "work" visa gives such people the legal right to work away from their country of permanent residence. Why this region is becoming a favorite and how countries benefit from it, FirstPost explains.
About 50 countries offer this visa, which has gained popularity during the pandemic, and many Asian countries have opened their doors to remote workers. Japan is the latest of them.
What will the Japanese "digital nomad" visa offer?
By the end of March 2024, Japan plans to launch a digital visa for nomads. This will allow a person to legally live and work remotely from anywhere in the country for six months.
Those who have an annual income of ¥10 million (Rs. 55.16 lakhs) or more will be eligible for this visa. Citizens of 49 countries can stay in Japan, including the United States, the United Kingdom, Australia, and Singapore. However, India is not on this list of countries. The visa is open to self-employed persons.
Applicants must have private health insurance and be eligible to bring their spouses and children to Japan. According to a report in Business Today, it is also non-renewable, with a mandatory six-month wait outside of Japan before reapplying.
What other Asian countries offer such visas?
Last month, South Korea introduced a "work" visa. Foreign nationals who earn a gross national income per capita of twice the country's $33,000 (Rs. 27 lakhs) can apply for it. They must also have health insurance worth 63 lakh rupees and be able to pay for treatment and repatriation.
Families of such persons also receive visas.
According to a report in the Korea Herald, South Korea's Ministry of Justice claims that the digital nomad visa will make remote work and vacation more convenient for visitors.
Thailand is also a popular destination for digital nomads. Chiang Mai, a city in northern Thailand, is often called the "digital nomad capital" of the world.
The country introduced a 10-year long-stay visa for foreigners with multiple re-entry permit and work permit in September 2022. Requirements for Thailand include providing proof of income of at least $80,000 (Rs. 66.28 lakhs) per year for the two years prior to the date of visa application and a minimum of $1 million in assets.
Last year, the Philippines introduced a digital nomadic visa that allows travelers to spend 12 months in the country. The country is now considering extending it to 24 months. The service can be used by people who have an income of $24,000 (Rs. 20 lakhs) per year and have proof of health insurance.
Malaysia has similar rules for foreigners with an annual income of $24,000 who can stay for 12 months. Candidates must be able to work remotely and work in a digital field such as IT, content creation, and digital marketing.
Why Asia is so popular among digital nomads
Asian countries are a big draw for digital nomads. Last year's report indicated that of the 10 fastest growing destinations for such travelers, nine were from the continent.
Even before Japan offered visas, Tokyo was the fastest-growing remote work center in 2023, according to data provided to CNBC by Nomad List, a website for remote workers that analyzed more than 300,000 registrations in its database.
The reason for its popularity is due to its lower cost of living compared to a Western city like New York - the Japanese capital is 47.9 percent cheaper than the American city without rent. In addition to the lower cost of living, Tokyo also offers digital nomads the opportunity to work in one of the largest urban economies in the world.
Other cities on the nomadic list included Da Nang (Vietnam), Seoul (South Korea), Kuala Lumpur (Malaysia), Penang (Malaysia), Manila (Philippines), Hanoi (Vietnam), and Ho Chi Minh City (Vietnam).
Brittany Loeffler, head of department at Nomad Embassy, a website that helps nomads obtain appropriate visas, said that Southeast Asia has become a particularly popular destination for digital nomads "due to the affordable cost of living, reliable Wi-Fi, and great weather."
Earlier, TravelWise told you about 10 picturesque lake cities in Asia that will take your breath away.
