Costa Rica, Greece and 42 other countries with a digital nomad visa—the U.S. isn’t one of

In Europe


The U.S. job market has cooled off significantly since the “great resignation” brought on by the pandemic, but is in a relatively good place, according to recent reports. Still, it is harder for workers to find new jobs, which could be especially tough on recent college graduates.

According to a report from the National Association of Colleges and Employers, employers plan to hire about 5.8% fewer new college graduates from this year’s class than they hired from the class of 2023.

It’s why Vicki Salemi, a career expert at Monster, told CNBC, she suggests taking advantage of the flexibility currently being offered by companies and casting a wider net in your job search.

“In terms of the quality and quantity, they can pursue jobs beyond the constraints of a particular zip code,” Salemi said.

Whether you’re a recent college graduate entering the workforce or just looking for a change of scenery If you can land a job that let’s you work from just about anywhere, a digital nomad visa in a country like Costa Rica or Greece might be just what you’re looking for.

A digital nomad visa is a short-term permit that allows someone to stay in a country for an extended period of time and work remotely. The length of time a nomad can stay varies from place to place but most countries allow for six months to a year.

The biggest catch with a digital nomad visa is that you typically have to be either self-employed or working for an entity outside of the country in which you plan to stay.

And if you are an American living and working in another country and you make over the minimum amount required — which depends on your filing status — you must file a U.S. tax return, according to H&R Block.

The United States does not have a digital nomad visa, but does offer other visa options that might allow for someone to work in the country as a freelancer.

As of May 2024, the following countries are offering digital nomad visas or similar schemes geared toward bringing in remote workers.

Bermuda’s digital nomad visa program runs for up to 12 months.

Kenwiedemann | E+ | Getty Images

Americas

1. Anguilla

2. Antigua and Barbuda

3. The Bahamas

4. Barbados

5. Belize

6. Bermuda

7. Brazil

8. Canada

9. Costa Rica

10. Colombia

11. Curaçao

12. Dominica

13. Ecuador

14. El Salvador

15. Grenada

Mexico’s version of the digital nomad visa is called the temporary resident visa.

John Coletti | The Image Bank | Getty Images

16. Mexico

17. Montserrat

18. Panama

19. Saint Lucia

20. Uruguay

Europe

21. Albania

22. Croatia

23. Cyprus

24. Czech Republic

25. Estonia

26. Georgia

27. Greece

To obtain a digital nomad visa in Hungary, applicants need to go to a local consulate or embassy.

Sasipa Muennuch | Moment | Getty Images

28. Hungary

29. Iceland

30. Italy

31. Latvia

32. Malta

33. Norway

34. Portugal

  • Length of stay available: one year with the option to renew
  • Cost: $89 and a resident permit fee of $78
  • Minimum income required: must be at least the Portuguese minimum wage
  • Application: Apply at your Portuguese local embassy or consulate
  • Additional requirements: valid health insurance coverage

35. Romania

36. Spain

Middle East and Asia

37. Malaysia

38. South Korea

Turkey created a website for applicants to apply for the visa with ease.

Matteo Colombo | Digitalvision | Getty Images

39. Turkey

40. United Arab Emirates

Within the UAE, Dubai has its own separate virtual working program similar to the UAE’s remote work visa. In order to apply, applicants need to have valid health insurance and earn a minimum salary of $5,000 per month.

Africa

41. Mauritius

42. Cape Verde

43. Seychelles

44. Namibia

Conversions to USD were done on May 13, 2024, using OANDA conversion rates. All amounts are rounded to the nearest dollar.

Want to make extra money outside of your day job? Sign up for CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories. CNBC Make It readers can use special discount code CNBC40 to get 40% off through 8/15/24.

Plus, sign up for CNBC Make It’s newsletter to get tips and tricks for success at work, with money and in life.



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