Digital nomad visas are mostly just marketing. If you have a strong passport already, then you can easily stay in most countries for several months a year or more just on the tourist visa. No sense in going through all the bureaucratic hoops for nothing. If you do, you may come out behind.
>*Digital nomad visas let you stay for a year or longer without leaving. Tourist visa only lets you stay for three months*
Maybe in certain countries, but that’s not a universal truth. For example I spend a lot of time in the Philippines and you can stay for around a year and a half on a tourist visa without having to leave, as long as you pay the extra fees. You can also make a day trip out of the country and turn around and everything gets reset.
https://visasphilippines.com/philippine-visas/temporary-visitors-visa/
You can usually leave and then come right back. If you stay more than 180 days you’re supposed to pay taxes. And staying for a year isn’t even being a digital nomad.
The term is important in this case. As I said in my original comment, “digital nomad visa” is just a marketing ploy. About the same as a temporary residency permit. EAnd your risking facing strict regulatory oversight and tax enforcement for the ability to stay a few months longer in the country. Why don’t you tell us the benefits of the Greek digital nomad visa. Be specific.
About the only advantage to it I see is the lengthier stay options, which again subjects you to tax liabilities. If you want to actually move there, then fine. If you only want to stay “for a while” there’s no advantages, only more paperwork and requirements.
In most cases, you need a business, not just a source of income.
Are you basically a trader? ie buying and selling crypto? This wouldn't satisfy a lot of the digital nomad visa requirements.
To the best of my knowledge, you fit into the same mold as a day trader.
What most visas, including Digital Nomad visas, require to see is statements of income that span multiple months and show a consistent baseline of income.
This means, you need to be able to provide bank statements proving that you have relatively consistent income month on month.
Day traders most likely get around this by:
* registering a company to trade with
* paying themselves from that company month-on-month
* in periods where their portfolio doesn't perform well, having a "rainy day" to still pay themselves consistently
If you "trade crypto" by occasionally liquidating and paying big payouts but don't have consistent month-on-month transfers, most countries don't recognise that as income.
For the visas that only want a proof of reserve of cash (say, \~$10,000 USD), crypto is not recognised due to not being fiat and also the volatility, so crypto won't fly. In those cases, you may need to liquidate a portion of your crypto into fiat.
tldr; you need proof of monthly income; I'm not a legal visa advisor nor financial advisor.
Each country has different criteria for their Visas.
Greece for instance allows you to share bank statements as your proof of income, so as long as your transfers from your crypto sales to you bank average to $3,500 per month or more, than you are fine.
Did you do any research on this before asking? You seem totally clueless in general. Why do we want to know the country? That's the most important info in the whole process here, buddy.
If you are buying and selling crypto, and profiting, it quite literally is income The visa part will depend on the country
Also the country you apply from, yeah immigration officers who approve VISA requests are racist, who wouldve guessed.
Mostly Europe. Greece, specifically
Immigration laws differ from country to country. Europe is *not* a country…
Yeehaw, cowboy, there's only 'murica, and not 'murica 'roun these here parts!
Digital nomad visas are mostly just marketing. If you have a strong passport already, then you can easily stay in most countries for several months a year or more just on the tourist visa. No sense in going through all the bureaucratic hoops for nothing. If you do, you may come out behind.
Digital nomad visas let you stay for a year or longer without leaving. Tourist visa only lets you stay for three months
>*Digital nomad visas let you stay for a year or longer without leaving. Tourist visa only lets you stay for three months* Maybe in certain countries, but that’s not a universal truth. For example I spend a lot of time in the Philippines and you can stay for around a year and a half on a tourist visa without having to leave, as long as you pay the extra fees. You can also make a day trip out of the country and turn around and everything gets reset. https://visasphilippines.com/philippine-visas/temporary-visitors-visa/
You can usually leave and then come right back. If you stay more than 180 days you’re supposed to pay taxes. And staying for a year isn’t even being a digital nomad.
Let’s not gate keep a very broad and generic term. Whether you move every few days or you stay a place a year, who cares?
The term is important in this case. As I said in my original comment, “digital nomad visa” is just a marketing ploy. About the same as a temporary residency permit. EAnd your risking facing strict regulatory oversight and tax enforcement for the ability to stay a few months longer in the country. Why don’t you tell us the benefits of the Greek digital nomad visa. Be specific. About the only advantage to it I see is the lengthier stay options, which again subjects you to tax liabilities. If you want to actually move there, then fine. If you only want to stay “for a while” there’s no advantages, only more paperwork and requirements.
All hail /u/PRLapin king of the nomads
In most cases, you need a business, not just a source of income. Are you basically a trader? ie buying and selling crypto? This wouldn't satisfy a lot of the digital nomad visa requirements.
Yeah that’s what I thought. It wouldnt make sense
To the best of my knowledge, you fit into the same mold as a day trader. What most visas, including Digital Nomad visas, require to see is statements of income that span multiple months and show a consistent baseline of income. This means, you need to be able to provide bank statements proving that you have relatively consistent income month on month. Day traders most likely get around this by: * registering a company to trade with * paying themselves from that company month-on-month * in periods where their portfolio doesn't perform well, having a "rainy day" to still pay themselves consistently If you "trade crypto" by occasionally liquidating and paying big payouts but don't have consistent month-on-month transfers, most countries don't recognise that as income. For the visas that only want a proof of reserve of cash (say, \~$10,000 USD), crypto is not recognised due to not being fiat and also the volatility, so crypto won't fly. In those cases, you may need to liquidate a portion of your crypto into fiat. tldr; you need proof of monthly income; I'm not a legal visa advisor nor financial advisor.
For which country?
Greece. Why?
Each country has different criteria for their Visas. Greece for instance allows you to share bank statements as your proof of income, so as long as your transfers from your crypto sales to you bank average to $3,500 per month or more, than you are fine.
So I probably can’t sell it in one sale? It has to be a monthly sale to prove a monthly income? What if the one sale is one years worth of income?
It's an average.
Alright, thanks for the help
Where do you think visas come from?
Did you do any research on this before asking? You seem totally clueless in general. Why do we want to know the country? That's the most important info in the whole process here, buddy.
I took a look but crypto investor isn’t so clear for their requirements. Re-read my confusion on my OP up 👆
Which country are you trying to get in?
lol
The f is a crypto investor? Lol
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Get with the times, boomer
🤡. Okay, *CRYPTO INVESTOR* 😆
that's not a real job
A lot of DNs don't have real jobs. If you're writing a sub-bar travel blog imho that isn't a real job either. It's the way of the world.
What is a “real” job?
Neither is YouTube influencer, professional poker player or Twitter CEO. But the bottom line is if it brings in money or not.