Digital Nomad Visas are changing the global economy 

That's how it is. And western people ripping of western people when it comes to prices

Who wants to live in a shanty hut? No one if they had the choice.

@@journeylife7491 here comes the typical colonizer’s “savior” mindset, Im here to save yall by me taking advantage of your cheap labor and poor condition! Let me partner with our other western friends and hire yall locals for all the low paying manual work!

gentrification

Goes both ways 👀

Maybe the locals prefer USD inside

maybe the reason they go for USD is so that they can convert USD to IDR and get more out of it.

@@neisanland2503 when I was in Thailand. I wanted to buy Thai notes. The booth person said they will convert it from matching it with USD exchange rates. I could not use my Australian cash to do that.

Don't worry - no one is actually paying in USD. But the entire global populace understands the *value* of USD, so it makes more sense to things in USD if you're catering to tourists and expats. I've been here long enough where I can easily do the mental math to convert, but once prices get above 1 Billion IDR, like if you're trying to purchase real estate, I prefer to see things in USD so I can more easily figure out how much I'd potentially spend. If I were to actually buy that property, of course it'd be converted to IDR. It'd be completely illegal to do otherwise; legal tender *must* be in IDR.

Using USD is countries we travel to is bad for the tourists and bad for the locals in general. it very obviously increases the costs sharply. I’m in cambodia right now and your food & drink expenses actually go up here because of the USD use compared to bangkok or KL. I do imagine it benefits the business owners, but local customers are getting screwed now.

So it is the fault of nomads, we cant blame them morally, but from a cold logical standpoint they are a major reason behind this phenomenon.

@@HelloOnepiece yes it’s is accurate . I agree with you on the business side that is the reality. Still fault of nomads

Arriba los Boricuas!

@@HelloOnepiecewe can blame them morally, they’re guaging the local population. I have no empathy for these large corporations. Business is A RISK. Risk means you can fail. They failed so boohoo they should deal with the consequences

@@HelloOnepiece this is true but the governments allow the context and situation to happen. The solution is purely political

Chiang Mai attracts more low key nomads. Bali attracts nomads that want more social interaction and networks. It’s working well.

Not so sure about that. I led the research initiative at Chiang Mai University from 2015-17 that looked at the socio-economic impact of DNs of the greater Chiang Mai region. There were DN events every night of the week all over town. @@tvtriviachampion

Interesting. Been to both and tbh, Chiang Mai hands down is a lot more tranquil than Bali :)

I landed in Chiang Mai from 2017-2019. It had a great run until the government started cracking down on visa runs. I eventually got a work permit and hired on to a Thai company. I miss it.

A proper digital nomad experiences both Chiang Mai and Bali eventually

this.

You left off the the people of Bali are generally much richer now than 10-20 years ago. Some of what you brought up are valid concerns but let’s keep these discussions honest

it's the balinese who did this to themselves tbh

Balinese are pretty well off now, because they sit on a gold mine which are their lands, sold at $20k per are

I went for my Honeymoon in 2019, BALI was amazing at that time, i wanted to go back, this year, but its too packed, absolutely horrible!! They’ve ruined the Island and now, its on to the next one… we will see youtube videos of the new place thats going to be ruined by these people!! Its sad!!

In the case of Aussies earning money from an Australian company while they live abroad, most are perfectly happy paying their normal income tax and Superannuation contributions into the Australian Tax Office and Super fund. Mostly because they know that it means they can go home for medical and other services if they ever felt like heading home or really needed to...

Maybe you know the answer: If the employee is citizen of Poland (EU) lives in Poland and work in US company remotely according to B2B contract (the citizen has an one-person business entity in Poland and just sends invoices to US company). How do the company should treat these invoices? As a regular expenses? I know how to pay taxes from employee side, but not from company side

I would imagine it's only messy if the DN is an American, as American citizens are the only ones that are taxed by citizenship, rather than by residency. As a Canadian, I can go and live my life as a DN and not have to pay taxes in Canada. Of course, I lose my tax-payer funded health care if I do that, but I find health care abroad is just as good, if not better, than back home and relatively inexpensive for the places I'd choose. However, I prefer residency visas over DN visas. That way I can actually buy a house and stay as long as I want, instead of hoping around the world every few months.

@@realismatitsfinest5745 yeah you're right it's mostly Americans which have the more complex cases. However another complexity is the people who move around a lot and have a trace in multiple places (like property, a business, family etc). For example, in certain circumstance having a property in Germany, Sweden, Spain or France can make you tax resident in those countries even if you spend no time there. But that won't stop the new residency country trying to tax you, so double taxation resolution is a common issue.

@@sprite7393 yes the US company treats this as a regular business expense. You may find that occasionally the US company might ask you for Form W-8BEN - this is a form used to establish that the contractor is not a U.S. person. It also establishes that the income is not subject to U.S. withholding tax under the U.S.-Poland tax treaty.

Amen

i call the other type digital ex pats

Too good for your own lol

Under the current administration, seems impossible

you dont want people who can out money you to live around you, gentrification is a thing.

@@watagapitusberry7197 Italy is a different case because a lot of the country has a very low population and very low birth rates

@@watagapitusberry7197 gentrification will help way more than than surrounding people. Because our case is very different And this process will be soo fast and have a domino affect in the neighboring state So yes we need more atleast wealthy and knowledgeable people in this area, rather than illegal migrants

A lot of gringos -er, Americans - are buying property in Southern Italy for retirement and renovating existing older houses. Of course, they have to hire Italians to do the work and use Italian real estate agents.

These 'digital nomad' asshats have absolutely ruined Bali, especially Canggu, and completely priced out local Balinese people from being able to live nearby their place of work. An Indonesian friend of mine is a real estate agent in Bali and he has explained how dozens upon dozens of families he has known for many years are being kicked out of their long-term homes by landlords who are seeing easy money (like, 10x the money) in these digital nomads... All they do is fill up the now empty apartment with low-cost furniture and fittings and have a local photographer come in and get shots of the newly decorated/furnished apartment and then advertise it on expat/nomad-centric websites. Just take a look at satellite photos of Canggu from 10 years ago compared to now...

Ok so what do you say to the Chinese that come and buy everything up and employ you to give worse working conditions. Nothing that's what

What visa you on for long term stay in Tokyo?

Yeah true true

I have seen more foreigners becoming more locals in Bali. It’s been like that for a long time

That's because Tokyo or any part of Japan is a higher level of civilization so you are forced to assimilate and learn their language / customs. Japan won't bring themselves down to your level to accommodate your foreign culture. Whereas Indonesia is a low income / poor country desperately in need of investment and development so they have to submit themselves to westerners and their culture.

Blame your grandparents for voting for socialist promises spewed from the mouths of violent, uneducated Islamic dictators...

but then you would have to deal with sri lankans.

they just had a gov overthrow. hard no

@@DigitalYojimbo Don't get me started!

What's problematic about them?

@@DigitalYojimbo what's the problem dealing with them? There is no issues dealing with Sri Lankans. RU-vid some travel videos about Sri Lanka and you'll know for yourself about Sri Lankas.

I'm in Florida, and I'm one of three 30 + year old's in a small neighborhood living with our parents, one of us is a lawyer. It's crazy how much rent has gone up.

Thank you or saying this. I seen this happen when I travelled overseas. Often they will pay 6 months of rent all at once because its cheap to them. The push back is now happening and eventually the Government will have to make changes for digital nomads otherwise mass homeless will be an issue. What I see from these young nomads is they go and live on luxury because they cannot do that back at home. They not saving money but just spending like they rich. Its sickening.

Meanwhile people in Japan have less. Meanwhile people in 3rd world contries struggle to make enough to survive Meanwhile ... stop whining.

@@johnzarek3628😂😂😂

Yeah while malaysia some people had only 8 off days per year

@@niidaimehokage5731 Well that's THEIR CHOICE! Nobody asks you to live like a 🐶

Thin line between job slavery and chattel slavery...

🤩🤩🤩

Well tell the landlords to stop charging more to non locals.

That’s so awesome, Thank You!! 🫶

I have wondered how the back to the office movement is affecting Nomads. Are most digital nomads freelancers and consultants nowadays?

@@utamu777 nah not all. There's still w2 employees out there working fully remote.

@@infini.tesimo Most are freelancers as most US companies will not allow you to work remotely. There are many W2 workers working remote overseas but most of them using VPN routers to mask their location.

I agree.

Lot of digital nomad jobs will go away when AI takes over more!

Gentrification, not paying taxes when poorer locals have to, extra pressure on local ecosystems (more people = more builidings = less natural areas). These natural areas which are what attracts people there in the first place, so it will affect tourism in the generations to come - same as touristic locations which boomed 20 years ago or more, are becoming emptier and emptier because no one wants to see concrete. So there are negative sides to this.

@@barracuda833 It's easy to build an entirely new city that's right next to a beach, there won't be a "local culture" there since there will be an artificial culture that suits whatever foreign tourists, expats and digital nomads needs Indonesia has several cities built on empty land - BSD City, Cikarang, Alam Sutera but they're all for locals Digital nomads might not pay income taxes but they still pay sales tax and food and beverage tax, they pay 10% online transaction tax whenever they use local apps for food delivery and other services, the landlord they rent their villa or apartment from still pays income taxes and property taxes

If they dont work for indonesian company, they don't have to pay tax since they don't earn rupiah

No the landlords charge them more than locals. So where is the equality now ?

@@based8725 the locals still pay the high market price

I think you just can't stay in a country for more than 6 months a year or you would get taxed by that country

i think the time depends on the country. for example in japan the us tourist visa is 90 days but it's only for tourism. technically you can work and study and there's a low chance of getting caught but ya.@@stevenismart

As long as you have the proper work visa (digital nomad visa) you can work anywhere. In the Philippines, the government grants 12-24 months of digital nomad work visa. In terms of tax, it's hard to answer that because every country has it's own tax laws. In the Philippines, if you are a foreigner, you are taxed depending on whether you stayed for more than 2 years. Basically, you are taxed the same way as the citizens if you stayed for more than 2 years. If you stayed for less than 2 years, you are taxed at 25% of gross income, but we also have to consider if there is double taxation agreement, so the tax rate might be lesser

For the UK we only owe tax if we touch ground there, if we kept moving around the world no tax is due to the UK. and then when we finally want to come home we have to stop work for 6 months and then return to the UK then we cant be back charged for the tax we missed.

As a US citizen, who immigrated to Mexico a year ago, I still have to pay tax to the US government and I can’t work locally which is a good protection put in by the Mexican govt. I’ve had local people ask to work with me, but I decline. Some may go ahead and take those clients, but I want to respect that I am a guest in this country (temporary resident) and therefore must respect their laws. Plus, I live in a very traditional neighborhood, so I see my neighbors every day. I’m not in an ex-pat or digital nomads bubble, what I do impacts those around me.

It's the same thing that happened in San Francisco. The local landlords raised the rent prices because of the professionals from Silicon Valley.

Yep. Blame the greedy landlords. Then people complain. Well don't treat people differently. They charge foreigners more. Then complain about equality. Works both ways

Sort of? Why are the greedy real estate workers raising prices so high? They didn’t NEED to raise them so high just becuse they knew they could get more from nomads, but they did.

@@keiths2902 I've been telling people for years that most of the world's problems with price hikes are initially caused by greedy real estate agents. The upward spiral begins somewhere, and in most cases, it begins with the person who determines what a roof over your head costs...

@@keiths2902 I'm saying, the nomads need to be more stingy with their money and demand to pay the same as the locals, crushing the increase in demand and discouraging the price gouging. The tourist trap strategy kind of eliminates the whole point when it comes to being an expat!

@@rsync9490 this is up to politicians to solve, not outsiders. It's the politicians and governments that allow the situations to flourish. They could make a policy in a heartbeat to solve the issue

@@keiths2902 Congrats on discovering capitalism Keith

Indonesia have implemented the retirement visa called Second Home Visa since december 2022, but thailand had it first called Non-O since feb 2021. But instead, visa to open a business are more benefiting for senior foreigner to invest rather than retirement visa, digital nomad visas are more popular among young foreigners. But indonesia in general have cheaper petrol price compare to thailand or other southeast asia except for malaysia and that's another positive attributes in terms of cost of living

100% correct

They cant move to that country.......

The talent has to be there. The language skills have to be there. How are you going to hire talent in the Philippines if the talent has gone to the US to earn higher salaries. In the US we import nurses from the Philippines.

They already do, like anywhere outside the US is a steal, even Canada workers make half of what they would make in the US, while the cost of living there is not necessarily much lower, especially in biggest cities. A lot of companies hire in Eastern Europe where the English proficiency and education are on a high level, so apart from the time difference, you're not losing much compared to the savings. Not to mention numerous attempts to outsource to India, but in that case you're more likely to get what you're paying for. In this case, it makes sense to outsource only the jobs that no one in the western countries wants to take, but in poorer countries more desperate workers are more likely to do it anyway.

@@nSiLEtan The cost of living in Canada is way higher than 99% of the US. PLUS they make like 30-50% lower for the same role than the US. It's terrible.

It is a threat of fully remote work, but that local has to be just as good in work skills, the working language, and compatible mindset. Depending on how much all these are required, a native expat would still probably be preferred especially if they offer a discount in their asking price compared to in-country natives.

Fair!

I'm a business engagement manager for an IT managed services company in Melbourne Australia, and I could easily do my job from anywhere in the world as I don't have to physically meet with clients face-to-face. I make over $100k USD worth of Aussie dollars every year, and this would allow me to live like a king outside of Australia... The digital nomad crew are mostly in the tech space...

I am a life and business coach, I have clients from all over the world. Don’t make $100K like the person above, but I have much more time freedom. In the US, my husband and I were skirting homelessness, this move to Mexico wasn’t to work on the beaches, it was to survive

@@Funkteon what's your Linkedin? I'd like to connect, salute from Brazil! I'm now a remote project management intern for an Estonian-based startup

@@down-to-earth-mystery-school It sounds great! What do you guys do?

@@down-to-earth-mystery-school Business success and mindset coach?

It's the downfall of cultures- where everything will eventually be the same westernized

Exactly why would someone from California go to Bali and still be able to work with his colleagues with a massive timezone difference.

I'm assuming you're from the USA. You can stay in the Americas. Mexico City, Playa del Carmen, Columbia,... (Edit: I believe Mexico City has over 700,000 US citizens living there.)

alot of people in Bali will work like 6pm -2am if they need to be on US hours....and then you have others who come super early to coworking space to be in Australian hours. People make it work but I think it would be hard for me!

If you hire people from around the world you can perform work the entire 24 hour day. Have support all day and all night long.@@maxpaynestory

@@SportsIncorporated Columbia is a city in South Carolina, you may be referring to Colombia instead.

I see your point 😳

Not only the cost of living, but Asia is just way more fun than the Western world. Locals are way friendlier and more social, Westerners that live there are friendly, there's virtually no crime, food is cheap and delicious, adventure activities are endless, nightlife is insane, shopping is the best in the world, beaches have white sand and coconut trees, water is aqua, islands have mountains on them, the streets are abuzz with activity, ancient and intricate cultures to learn about, languages to learn etc. Your senses are always busy there and you are constantly expanding. The West is very rules based and people are much more conservative there. In Asia you are free to do whatever your heart desires and you're not judged.

I would expect that as the developing world modernizes, the cost of living will go up, maybe to approximate the west. They want a first world economy and life in Kuala Lumpur. They'll get first world prices.

If you have been to KL you would know the amoiunt of skyscrapers dwarfs other places, prices wont reach western rates for decades @@SportsIncorporated

@@kayflip2233 its fun only when you make money in USD !

I mean! That depends usually through phases. I would say 😊

Nobody wants your kind around. No h1b1s

That’s total bs. The amount of people is so little it doesn’t affect macroeconomics except in places like Bali; meanwhile tourism makes even more inflation

@@MathGPT not only Bali, a lot of coastal cities in Mexico and Costa Rica. In Thailand and Panama too, probably other countries but that’s a real problem that doesn’t get enough light

I believe that's more of a combination of factors and players from digital nomads and wealthy tourists to foreign real estate investors.

White inmigrants with money = BAD BROKE Dark skinned inmigrants = GOOD

Indian here. we have tens of millions of empty homes bought as investment property not rented out. These yt ppl can come and pay top rent for it, we would be quite happy ! 90% locals already have a paid off home, their home value must have increased 10x in past 10 years and enjoy much more income in restaurants, taxis, homestays, etc.

Co-working space is not a standard place for digital nomad.. digital nomad can work anywhere even inside their room or villa, educate yourself 😂

True. I'm a digital nomad in Bali and work together with a Indonesian digital nomad. We rent a room together, eat local and always work from the terrace from our room. We don't need that kind of co-working spaces or luxuary villa in western style. The reason I became digital nomad in the first place is because I want to live between the locals. Bye the way I also speak always Bahasa Indonesia when I'm in Bali.

nah bener, klo orang luar mau bikin usaha di sini ya level elite dikit lah masa sama kaya orang lokal? ibaratnya bikin cafe bagus bukannya bikin warung pecel ayam. semua ada pangsa pasarnya jadi jangan masuk k pangsa pasar orang lain apalagi merusak pangsa pasar.

Kalo masalah korupsi sih yah susah deh Sebenernya sih menurut aku tipe golden visa gitu ide buruk buat Bali karena merubah lingkungan dan budaya Seharusya di pulau pulau lebih miskin di bikin "Kawasan ekonomi khusus" dan kota baru yang ga ada manusia, ky gitu bisa membantu provinsinya tanpa masalah masalah seperti gentrifikasi, perubahan lingkungan, perubahan budaya

Unfortunately there is a law in bali that limits vertical urban growth, based on the cultures and traditions of Bali, buildings can't be taller than coconut trees/temple

@@Sebastiancityfans thanks for sharing.

It is not illegal to work remotely while on a tourist visa. It is possibly illegal to get a job in that country.

@@rubbertoad3681this is wrong, and why digital nomad visas are rising in popularity. Dig deeper.

@@rubbertoad3681 yes, it is. Both the worker and the company are liable when this occurs. Hence all the digital nomad visas with tax and work authorization include.

You think taxes are low in Western countries? Martyn, on average in Europe you pay 35-40% of your income easily on taxes...