The benefits of a digital nomad visa
A digital nomad visa for UK nationals allows them to live in one country whilst working for or running their UK business remotely. Because we've discussed the UK tax aspects previously, we're following up with the practical aspects, to help you avoid any issues in the country you've chosen to work in. What's more this is something we're considering applying for ourselves.
Why obtain a digital nomad visa?
For UK nationals who wish to work remotely and travel whilst they earn, a digital nomad visa offers a number of benefits:
Digital nomad visas for UK nationals are designed for people who work online and so want to avoid the restrictions of a tourist visa. This usually only permits a limited stay in your chosen country.
Digital nomad visa v traditional work visa
Because a digital nomad visa applies specifically to someone who works remotely there is no requirement to be employed by a local company. So it's ideal for freelancers, entrepreneurs (e.g. E-commerce) or employees of foreign companies. What's more, it may be your own company which has a base in the UK.
However, a traditional work visa usually requires sponsorship from a local employer. Therefore you'd also need to work for a company based in the country which is issuing the visa.
Eligibility criteria for a digital nomad visa
Firstly, you must be able to prove that you work remotely. So, if you can produce a copy of your employment contract or client agreements this should be sufficient evidence. Because you're a remote worker, it's necessary to provide some proof of stable income that fulfils the minimum requirement for the destination country you have chosen.
Secondly, as a UK citizen you'll also need to possess a valid UK passport, have health insurance which covering treatment in the countries you will be staying in and have a clean criminal record.
The application process
Digital nomad visas for UK nationals follow the same step-by-step procedure:
Financial considerations
When you work remotely overseas, there's also the financial aspect to consider. Primarily you'll need to consider your tax residence status alongside HMRC's statutory residence test. Equally important will be whether you have any tax liability in your destination country.
Because you'll need to manage your finances whilst outside the UK it's useful to have an international bank account. Equally important is having access to a multi currency account which helps you take advantage of exchange rates. Particularly where bank transfers are received and payments are being made.
Additionally, you should budget for relocation costs (e.g. travel) as well as ongoing living expenses (rent, food etc). What's more. you should set aside an emergency fund for unexpected expenses.
Life as a digital nomad
Adjusting to a new country and culture
Firstly familiarise yourself with local customs and societal norms. This will help you fit in and avoid any misunderstandings. Next, you should learn a few basic phrases in the local language as this helps with daily interactions. Also, immerse yourself in local activities and try local cuisine. This will help gain deeper appreciation of the local culture. Additionally, be patient and open minded as you discover new cultural differences and environments.
Building a remote work routine
Start by setting up a dedicated workspace that minimises distractions. This will help maintain productivity. Then establish a consistent schedule that aligns with your most productive hours taking into account time zone differences. Additionally, use tools and apps to manage your tasks and maintain effective communication with your team. Furthermore, take regular breaks to avoid burnout and maintain a healthy work-life balance. Lastly, set clear boundaries between work and personal time to maintain your focus and relaxation.
Networking with other digital nomads
Initially we suggest joining online communities and forums for digital nomads. These will provide a platform for shared experiences. Then, attend local meetups and co-working spaces to meet like-minded individuals. Additionally, participate in social events and workshops to increase your network and gain new insights. Furthermore, consider collaborating on projects alongside other digital nomads to build professional relationships. Lastly, stay active on social media to maintain connections and discover new opportunities within the digital nomad community.
Conclusion
To recap, obtaining a digital nomad visa offers flexibility and the freedom to work from beautiful locations. Additionally it provides opportunities to immerse in diverse cultures and expand your professional network.
For more useful information, check out our Ebooks here.
And if you'd like to know how we can help you with all of this, or with anything else, feel free to give us a call on 01202 048696 or email us at [email protected].
Alternatively, please feel free to complete our Business Questionnaire here.