With the rise of remote work set to continue in 2024, an increasing number of countries are offering digital nomad visas. When choosing the right destination, it’s essential to consider factors like cost of living, healthcare, internet speed, and, of course, taxes.
According to the Digital Nomad Visa Index from VisaGuide.World, a comprehensive ranking system that evaluates countries based on their suitability for digital nomads, the top three digital nomad visas to consider in 2024 are Spain, Argentina, and Romania.
Here’s a brief overview of these countries and insights into what makes these destinations stand out.
1. Spain – A Blend of Culture and Connectivity
Spain tops the list with its Digital Nomad Visa, boasting a score of 4.50. It’s an attractive choice due to its delightful Mediterranean climate, low crime rates, affordable living costs, and high-speed internet.
The Spanish government has clearly taken many elements of the digital nomad lifestyle into account when setting up the digital nomad visa process, offering the option to apply from your home country or within Spain as a tourist. Spain’s law on startups also makes it easier to set up your business in Spain in just a few hours online.
Key Highlights:
- Application Cost and Processing Time: Approximately USD 110 (EUR 80 + EUR 20 for residence permit card), 15–45 days processing time.
- How to Apply?
- Apply through the Spanish consulate in your home country and receive a 1-year visa, enter Spain based on it, change the 1-year visa to a 3-year residence card.
- Enter Spain as a tourist, submit documents, receive a residence permit for 3 years
- Length of the Visa: 1 year, the visa can be extended for 3 years and then 2 more years before applying for permanent residency
- Minimum Monthly Income Requirement: Approximately USD 2,354 (EUR 2,140).
- Health Score: 60.9.
- Tax-Free Period: 6 months
- Taxes: 15% for the first 4 years and then 24%.
2. Argentina – A Country on the Edge of Change
Argentina, with a digital nomad score of 3.78, is renowned for its vibrant history, stunning natural beauty, rich culture, and delicious cuisine. Buenos Aires, in particular, is a hotspot for digital nomads, offering a range of accommodations and high-speed internet facilities.
The Argentine lifestyle allows for a high-quality living experience at an affordable cost, with healthcare that is both commendable and economical for long-term stays. Please note that the newly elected president Javier Milei, who took office on December 10, 2023, has promised sweeping changes in the country. It remains to be seen what this will mean for digital nomads.
Key Highlights:
- Application Cost and Processing Time: Around USD 200. The processing time can vary, so it’s advisable to check with the nearest Argentine consulate or embassy for the most current information.
- How to Apply? Submit documents from your home country including a valid passport, a 4×4 photo, a request signed by the interested party and independent work activities to be carried out, a brief resume stating your experience in the field in which you are going to do, and the level of studies or training achieved, documentation proving the work carried out, and at least one reference linked to your occupation, and proof of payment of the service fee
- Length of the Visa: 180 days, which is then renewable for an additional 180 days
- Minimum Monthly Income Requirement: Approximately USD 2,750 (EUR 2,500).
- Health Score: 54.4.
- Tax-Free Period: Full visa length.
- Taxes: 0%, please consult with a local Argentine accountant for the most up-to-date information
3. Romania – Home to Some of the Fastest Internet in the World
Romania has emerged as a surprising yet excellent choice for digital nomads, with an overall digital nomad index score of 3.74. Known for having some of the fastest internet speeds globally, it offers a variety of experiences including vibrant nightlife, beautiful hikes, and even skiing.
Cities like Bucharest, Cluj, and Timisoara are technological hubs, which are ideal for work-focused nomads. The low cost of living and 0% tax certainly make Romania an appealing destination.
Key Highlights:
- Application Cost and Processing Time: Approximately USD 165 (EUR 150), 10–14 days processing time
- How to Apply? You can apply for a Romania digital nomad visa at your nearest Romanian embassy or online at the Ministry of Foreign Affairs.
- Length of the Visa: 1 year and renewable for 1 additional year
- Minimum Monthly Income Requirement: Approximately USD 3,630 (EUR 3,300).
- Health Score: 45.7.
- Tax-Free Period: Full visa length.
- Taxes: 0%.
Which Visa Will It Be in 2024?
Choosing the right destination as a digital nomad in 2024 involves weighing various factors against personal preferences and needs. While Spain, Argentina, and Romania stand out as top contenders, the choice of your very first (or next) digital nomad visa is ultimately up to you.