Even though this is an exciting development, it’s not useful for people aiming for citizenship. Several EU countries, including Estonia and Croatia, have introduced digital nomad visas, responding to the recent wave of remote working triggered by the pandemic. The compatibility with online work means that residency by passive income is an extremely interesting option for digital nomads, remote workers and online entrepreneurs.Ĭountries currently offering residency by passive income include:Ĭan ‘digital nomad’ visas be used as a pathway to citizenship? Dividends are always considered passive income. Using this structure, you can then extract your income as dividends, instead of salary. If your current target country doesn’t include this option, you could set up as a limited company and convert your current employer into a client, invoicing them for services instead of being paid a salary. Some countries, most notably Portugal, also include salaried income from remote work outside the country in their definition of “passive income.” This could be a good fit for you if you have passive income from overseas rentals, dividends, investments, royalties, or a pension. Several countries in Europe also offer residency pathways via passive income (also known as ‘residency for private reasons’ or ‘residency by independent means’). Are you a remote worker or online business owner?
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