Who wouldn’t want the chance to pocket more of their hard-earned cash? Some digital nomad visas are offering just that through enticing tax incentives. Countries in the Caribbean, as well as nations like Georgia, are drawing in freelancers with the promise of fewer fiscal obligations.
Barbados, for instance, offers a visa that comes with a year’s tax exemption for work done outside the island. Imagine relaxing on its sandy shores while significantly reducing your tax liabilities. But Georgia’s remote worker incentives take this to another level.
Recognized as one of the world’s easiest places to start a business, Georgia offers one of the most competitive tax landscapes on the globe. Unsurprisingly, it has become a sought-after sanctuary for both startups and established digital nomads alike.
The race is on as more nations recognize the economic boom these innovative policies foster. But could these tax breaks lead to unforeseen competition among digital nomads? We’re only beginning to see the light of what this might bring.