December 25, 2024

Wealth Management is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Paulina Cachero and Claire Ballentine | Sep 23, 2022
(Bloomberg) — Countries from Costa Rica to Croatia are betting that remote work is here to stay, competing to host digital nomads even as more employers push for a return to office. 
The number of remote-work visas has risen exponentially since before the pandemic, with at least 30 countries adding them since 2020 to attract those whose jobs allow them to work from anywhere, according to Nomad Capitalist, which helps entrepreneurs relocate abroad.
The competition is only heating up: at least 12 more countries, including Colombia, are slated to debut remote work programs soon.
They’re vying for a large pool of potential expatriates. There were 15.5 million American digital nomads alone last year, more than double the number in 2019, according to a study by workforce management company MBO Partners. And while the number of workers with that level of flexibility is shrinking, it’s likely to remain well above pre-pandemic levels. 
Despite recent a return-to-office push after Labor Day, the interest in remote work in foreign countries remains strong, according to Nate Blecharczyk, co-founder and chief strategy officer of Airbnb. Bookings for long-term stays — 28 days or more — are the company’s fastest-growing category. 
“The work-from-anywhere trend will continue to grow, regardless of return-to-office plans,” said Kathy Gardner, vice president of communications at remote work platform FlexJobs. “Many professionals realized they’ve been just as successful working from home and prefer to have location independence.” 
With nearly 50 countries now offering digital nomad programs, here are some of the hottest destinations and how to apply, according to experts. There may be additional fees besides the ones listed here, and processing times may vary.
 –With assistance from Alice Kantor.
More information about text formats
Follow us:

source

About Author