I think it would make sense for every emerging country to offer this type of visa. It can only benefit their economies. I think especially of countries like Colombia, Turkey, Argentina, Serbia, Russia, Vietnam, South Africa and even some of the Gulf States.
I think the winning country would be the one who actually comes out with a realistic tax scheme for "digital nomads" instead of just saying "you're a tax resident, why dont you pay for our legal/financial system without having access to it?"
Ahhhhh...ye olde Brazilian bureaucracy. Still, it IS change in the right direction, and glad to hear it’s on offer. However, like another commenter wrote, being a tourist still works for my duration needs, and would travel elsewhere rather than seek to stay longer. Again, it great to have options. Thank you for this content.
I lived in Buenos Aires Argentina for nearly 10 years. And I think Argentina has instigated a similar program but I have not learned all the details yet.
@@MuzzaHukka I have no interest in becoming a citizen of Argentina. But I do have the DNI for Argentina 🇦🇷. My plan is to retire in Mar Del Plata Argentina in the near future. But I do have a son in Argentina and he has dual citizenship both United States and Argentina 🇦🇷 💙 citizenship.
3:17 What are these other cases? Is there an exhaustive list of countries where foreign tax residents who stay there do not pay tax on their foreign income? 3:17 Quels sont ces autres cas ? Existe t-il une liste exhaustive des pays où les résidents fiscaux étrangers qui y séjournent ne paient pas l'impôts sur leurs revenus perçus à l'extérieur ?
Great information. But, saying "tons of crime" was an unfair statement in my opinion. Yes, Brazil has areas that have tons of crime. But, to imply that Brazil as a whole has tons of crime is simply not accurate. I already live about 40% of the time in Brazil and have for the last 6 years, and I have not even witnessed crime there. It really depends on the area just like in the US. Not sure why it was necessary to say that when the topic was about the new visa option. I'm not trying to beat you up, but I was a bit taken aback by that comment.
That's fair crime does cluster but let's be honest that the vast majority of all murders in the world take place in just 4 countries Brazil being one of them that's before we start accounting for robberies etc. But yes stick to certain areas and it's not bad.
I agree 100%. I have been traveling to Brazil and South America since the 1990's. I lived in Buenos Aires Argentina 🇦🇷 for nearly 10 years. And I was born and raised in Chicago Illinois. I love ❤ living in Chicago. My biggest concern in Chicago is its winter weather 😐. But I find Chicago a much more dangerous city than any other city that I have ever visited in South America. It's always the same I personally didn't have any problems but I heard about a lot of crime.
I’m going to apply for this in a few months. Really excited. Please keep us up to date with your plans and application process etc. I’m hoping covid dies out completely and doesn’t return so it’s a smooth process
Brazil is a perfect example of a paradise country as long as you don't have to deal with their government. It's so sad to see so much potential destroyed by over reaching governments...
@@OffshoreCitizen Education!! -- Educated people don't fall for false promises. If everyone knew the advantages of liberty and that there are no shortcuts to prosperity, this would be a much better world.
@@i1pro What more Brazil could do about it? There are schools in every corner and all levels of education are free of charge (from preschool to doctorate)
I suppose nomads are like tourists. But that year or two could be better spent making progress on a country that will let you stay longer. Seems to me.
This is really similar to the Thai "O" retirement visa, where you need all those things and 800,000 baht (US about 28K) in a bank account, accept you can't work on a retirement visa but by what I understand you can operate a foreign business outside of Thailand.
It depends a lot, Brazil is very unequal and inequality goes both ways. Don't expect that making $10.000 a month will make you a top dog here, far from that. Food, services and a few commodities are very cheap here, but cars, land and electronics are more expensive.
@@OffshoreCitizen mauritius is way safer.. yes there are petty crimes in the big citirs..But nothing to worry about. .its bilingual both english and french. Multicural island.
Does anybody know how to extend this visa? I already have the visa, but I cannot find any information whatsoever about how to extend. Does anyone know???
if countries were just concerned about good deals than all of them would allow open borders; though i think they like nomad visas because it totally side steps the foreign competition costs domestic jobs myth and because you get relatively rich immigrants which seems to ruffle peoples feathers to a lot smaller degree.
I would appreciate if you could Make a video about citizenship by investment option in Brazil, investing in business or buying property or other options if there are 🙏🏾
I'm expecting other EU countries. I was wondering if the UK might do this in the future? In a post-covid world, nations will want to pull in as many potential consumers as possible to boost their economies. Might end up being the norm?
"Post-Covid-World"!? Interesting idea? That will only happen if humanity rejects the WHO/Big Pharma plan of roling out an endless number of "pandemics" and injections. But I support the idea. About Vietnam they have basically kicked out all the Nomads, business VISAs, tourists VISAs and more during the past year. They seem to be implenting a "Vietnam for asians only policy"
@@peaceonearth8693 Moreover it also implies that nations are national - so to speak. Which many of them sadly are not. Leading politicians and authorities are being bought off to implement policies only favorable to global corporations, global totalitarian agendas et cetera.
By not allowed to work in Brazil, I assume you mean, not allowed to take a job with a local employer, but allowed to work for a foreign employer. The big question is what are the implications for the foreign employer tax wise? I mean, if an employee is working in Brazil, has the company become a Brazilian tax resident? Does it now have Brazil source income it must account for? The employee has their own issues of course potentially, but if an employee obtaining this visa subjected my company in whatever other jurisdiction to Brazilian regulations and taxes, I would be somewhat upset as an employer.
Great work Michael, I think Jamaica will do one. Did you hear about the talks of a new Citizenship by investment. Perhaps you could also do a video on the benefits of a CARICOM passport.
Itamaracá is beautiful. My friend’s family has a beach house there. Walk to the beach. Small town. Very chill. Near Recife. Plenty of opportunities like that in the NE. However it’s hot here.
Am fom India and don't earn more than $750/pm but have bank reserves of about $23k. Since $1500 is the requisite, does it mean I shouldn't apply for it?
Beautiful country, but tired carefully. IMHO Brazil does an incredible job of monitoring every small and large transaction. Eventually, every country has the option to monitize their financial database., ie taxes.
@@OffshoreCitizen most places require a CPF when you pay for stuff. Food deliveries, department stores, online shipments, etc. You can still get by with cash in a lot of places where I am, but cash is going away quickly.
The thing about these digital nomad visas is they are not "citizenship track" and generally no tax benefits, so you're kinda just wasting your time. That's one perspective.
I think that the issue would be that of convincing the Brazilian authorities that you've got a steady, reliable income. Either that, or you could put $18,000 in a bank account.
@@dlukton right, the gov absolutely does not want to be on the hook for your welfare. That does not play well to the people here due to so many folks being in poverty.
@@OffshoreCitizen How far back do they want background checks? If you're a digital nomad, that wouldn't appear easy if you've moved around the past several years.
@@OffshoreCitizen It's a great one for travel - visa free to UK/Europe/Russia/South Africa. But more importantly, it offers a place to escape to in South America if things get really bad in the West! Can you live in other South American countries on a Brazilian passport, similar to what an EU passport allows? Not sure about that but that could be powerful too.
@@OffshoreCitizen It's been awhile since I've traveled overseas, but I'd say Europe, Asia (haven't been there yet), Russia, and parts of Latin America. I've been subscribed to International Living for years.
@@OffshoreCitizen Haven't been. Was never interested in Mexico before either, but have heard good things about Mexico City and the country in general recently.
Maybe not. They already have established retirement and investment visa programmes (SRRV and SIRV). In fact they tightened up the retirement programme because the minimum age was 30 and people were using it for purposes they disliked such as running online casinos targeted at the Chinese market. I think they would be concerned a digital nomad visa would end up causing the same problems and be open to abuse. If you want to live and work in the Philippines then just invest the $75k in the SIRV programme...
Brazil has one of the highest inequality indexes in the world. I don't know if it's like this everywhere in the country, but where I live there are walled neighborhoods where the rich live.
@@Tzmaker Crime - depends the place you live Corruption - it had been decreased a lot in past years toxic climate - Are you crazy? Colombia or Mexico are better - No. You are insane.
I love Brazil but everyone I know has been robbed including me - 2 of my friends stabbed, one of them died. Spent 1 year living between Curitiba and Floripa. After making lots of friends over a year I absolutely felt I couldn't trust a single one them - not one. I accept that though as I don't believe they trust each other down there. Different world. Police are ruthless are corrupt to the bone..... Still I highly recommend for a vaca, friendly people, lively culture and my dating life was very rich to say the least. Now that I am more into crypto and like to dress nicer I will prefer safer countries. Gets tiring looking over your shoulder all the time. I'm in Czechia at the time of writing this.... Would visit again and overall had a great experience (even thought I'm light on some jewelry)))
I think it would make sense for every emerging country to offer this type of visa. It can only benefit their economies. I think especially of countries like Colombia, Turkey, Argentina, Serbia, Russia, Vietnam, South Africa and even some of the Gulf States.
Definitely. Would you ever consider obtaining this type of visa in some of the countries you've listed?
I think the gulf is not a long-term or even medium term option. UAE is at war with its neighbors and getting hit with missiles recently.
it would make sense for any country to offer this visa period... and i imagine most will within the next 10 yrs
I think the winning country would be the one who actually comes out with a realistic tax scheme for "digital nomads" instead of just saying "you're a tax resident, why dont you pay for our legal/financial system without having access to it?"
roads, electricity sewerage water etc are all being provided to you as well.......
@@pweb4941 there's none of that in Brasil haha
@@MyLatinLife You're Latin. What are you talking about?
Ahhhhh...ye olde Brazilian bureaucracy. Still, it IS change in the right direction, and glad to hear it’s on offer. However, like another commenter wrote, being a tourist still works for my duration needs, and would travel elsewhere rather than seek to stay longer. Again, it great to have options. Thank you for this content.
Always a pleasure!
What countries would you like to visit and where could you see yourself staying long-term?
I lived in Buenos Aires Argentina for nearly 10 years. And I think Argentina has instigated a similar program but I have not learned all the details yet.
Have you requested citizenship? If not, why?
@@MuzzaHukka I have no interest in becoming a citizen of Argentina. But I do have the DNI for Argentina 🇦🇷. My plan is to retire in Mar Del Plata Argentina in the near future. But I do have a son in Argentina and he has dual citizenship both United States and Argentina 🇦🇷 💙 citizenship.
Nice, thank for this. Please can you make a video about how to apply. It would be really helpful. Thank you.
3:17 What are these other cases?
Is there an exhaustive list of countries where foreign tax residents who stay there do not pay tax on their foreign income?
3:17 Quels sont ces autres cas ?
Existe t-il une liste exhaustive des pays où les résidents fiscaux étrangers qui y séjournent ne paient pas l'impôts sur leurs revenus perçus à l'extérieur ?
Great information. But, saying "tons of crime" was an unfair statement in my opinion. Yes, Brazil has areas that have tons of crime. But, to imply that Brazil as a whole has tons of crime is simply not accurate. I already live about 40% of the time in Brazil and have for the last 6 years, and I have not even witnessed crime there. It really depends on the area just like in the US. Not sure why it was necessary to say that when the topic was about the new visa option. I'm not trying to beat you up, but I was a bit taken aback by that comment.
That's fair crime does cluster but let's be honest that the vast majority of all murders in the world take place in just 4 countries Brazil being one of them that's before we start accounting for robberies etc. But yes stick to certain areas and it's not bad.
Southern Brasil is very safe!
I agree 100%. I have been traveling to Brazil and South America since the 1990's. I lived in Buenos Aires Argentina 🇦🇷 for nearly 10 years. And I was born and raised in Chicago Illinois. I love ❤ living in Chicago. My biggest concern in Chicago is its winter weather 😐. But I find Chicago a much more dangerous city than any other city that I have ever visited in South America. It's always the same I personally didn't have any problems but I heard about a lot of crime.
Which areas have you stuck to, to not see any crime for 6 years?
@@MuzzaHukka Probably far from Rio or São Paulo kkkkkk.
I’m going to apply for this in a few months. Really excited. Please keep us up to date with your plans and application process etc.
I’m hoping covid dies out completely and doesn’t return so it’s a smooth process
Happy for you!
Let us know how it goes :)
Any specific reason you decided on Brazil?
any updates?
Thanks a lot for the vídeo. Very good content.
Always a pleasure! 🙏
Anything you'd like to see next?
@@OffshoreCitizen More digital nomad visas and easy residency programs like Nicaragua and Guatemala. Keep up the good work. Thanks.
Brazil is a perfect example of a paradise country as long as you don't have to deal with their government. It's so sad to see so much potential destroyed by over reaching governments...
Unfortunately. What do you think could save Brazil?
@@OffshoreCitizen just copy what countries like the usa, japan, many europeans did in their past
@@OffshoreCitizen Better housing
@@OffshoreCitizen Education!! -- Educated people don't fall for false promises. If everyone knew the advantages of liberty and that there are no shortcuts to prosperity, this would be a much better world.
@@i1pro What more Brazil could do about it? There are schools in every corner and all levels of education are free of charge (from preschool to doctorate)
I suppose nomads are like tourists. But that year or two could be better spent making progress on a country that will let you stay longer. Seems to me.
Depends on your goals I guess, some people just like to explore new parts of the world
I think portuguese citizens can for brazillian citizenship after 1 year of legal residence.
This is really similar to the Thai "O" retirement visa, where you need all those things and 800,000 baht (US about 28K) in a bank account, accept you can't work on a retirement visa but by what I understand you can operate a foreign business outside of Thailand.
What kind of approach to taxes you think they will adopt? Something like a territorial taxation special plan?
Short term or long term? I think territorial overall is unlikely, territorial for these digital nomads is possible
Territorial in the sense that they don't care 😂
@@OffshoreCitizen is there any clear position from the Brazilian tax authorities on this point? To whom should we ask to get a clear answer?
A foreigner being able to work remotely with earnings in dollar or euro would live like a king in Brazil.
What do you think is the best place in Brazil for foreigners to reside in?
@@OffshoreCitizen Florianópolis. A capital that is an island with nice beaches, a lot safer than bigger cities like Rio, with good services.
It depends a lot, Brazil is very unequal and inequality goes both ways. Don't expect that making $10.000 a month will make you a top dog here, far from that. Food, services and a few commodities are very cheap here, but cars, land and electronics are more expensive.
@@OffshoreCitizen Santa Catarina, João Pessoa, Santos, Vitória (ES)
@@gabrielpr03 João Pessoa ? Eu moro aqui é não guento mais tanta violência aqui
Has this went into effect, yet?? It show nothing about a Digital Nomad Visa on the Brazilian Consolate website.
Mauritius offers visa for digital nomads..
How do you think it compares to Brazil?
@@OffshoreCitizen mauritius is way safer.. yes there are petty crimes in the big citirs..But nothing to worry about.
.its bilingual both english and french. Multicural island.
Does anybody know how to extend this visa? I already have the visa, but I cannot find any information whatsoever about how to extend. Does anyone know???
if countries were just concerned about good deals than all of them would allow open borders; though i think they like nomad visas because it totally side steps the foreign competition costs domestic jobs myth and because you get relatively rich immigrants which seems to ruffle peoples feathers to a lot smaller degree.
And what's your take on this visa? 🤔
@@OffshoreCitizen I love it!
Where can we read about that new Digital Nomad Visa in Brazil? Do you have a link about it?
I would appreciate if you could Make a video about citizenship by investment option in Brazil, investing in business or buying property or other options if there are 🙏🏾
the brazilian government loves to tax people, so for sure you will need to pay taxes if you stay longer than 183days
Are there any minimum stay requirements?
No details yet, guessing probably not
Typically not for a digital nomad visa. I feel like a DN visa is just an extended stay tourist visa
Excellent news.. Who will apply first!
Do you think this is going to become a popular option for digital nomads?
I'm expecting other EU countries. I was wondering if the UK might do this in the future? In a post-covid world, nations will want to pull in as many potential consumers as possible to boost their economies. Might end up being the norm?
Your premise might be flawed. It seems to assume that countries are rational.
UK and EU don't have the same motivation to attract wealth like Brazil does. I expect African and more Latin American nations to create similar visas.
@@peaceonearth8693 Good point!
"Post-Covid-World"!? Interesting idea? That will only happen if humanity rejects the WHO/Big Pharma plan of roling out an endless number of "pandemics" and injections. But I support the idea. About Vietnam they have basically kicked out all the Nomads, business VISAs, tourists VISAs and more during the past year. They seem to be implenting a "Vietnam for asians only policy"
@@peaceonearth8693 Moreover it also implies that nations are national - so to speak. Which many of them sadly are not. Leading politicians and authorities are being bought off to implement policies only favorable to global corporations, global totalitarian agendas et cetera.
By not allowed to work in Brazil, I assume you mean, not allowed to take a job with a local employer, but allowed to work for a foreign employer.
The big question is what are the implications for the foreign employer tax wise? I mean, if an employee is working in Brazil, has the company become a Brazilian tax resident? Does it now have Brazil source income it must account for?
The employee has their own issues of course potentially, but if an employee obtaining this visa subjected my company in whatever other jurisdiction to Brazilian regulations and taxes, I would be somewhat upset as an employer.
This is my dillemna as well
Any follow ups on this?
Hello for how many years i can renewal this visa ? There is maximum or i can get permanent residency
How hard was it getting Brazil's DN Visa?
Great work Michael, I think Jamaica will do one. Did you hear about the talks of a new Citizenship by investment. Perhaps you could also do a video on the benefits of a CARICOM passport.
Have you seen this one? 👇 th-cam.com/video/nDgm6yBl_r4/w-d-xo.html
@@OffshoreCitizen yes great video
What health insurance do they mean? What kind of policy should it cover? Does it have to cover a whole year?
Brasil has public healthcare but many Brasileiros who can buy private health insurance. It’s available everywhere.
Do you know if foreigners will need to pay taxes to the Brazilian government after the 183 day residency mark??
It seems so yes
@@OffshoreCitizen thanks for the feedback. Are there any news on this or speculation?
Do you know which Brazilian towns have nice quiet beach areas?
Even Rio has nice quiet beach towns as long as you don't have an issue taking a drive.
Itamaracá is beautiful. My friend’s family has a beach house there. Walk to the beach. Small town. Very chill. Near Recife. Plenty of opportunities like that in the NE. However it’s hot here.
All over the coast, you will find it. But if you don't speak portuguese, stay in the south
Am fom India and don't earn more than $750/pm but have bank reserves of about $23k. Since $1500 is the requisite, does it mean I shouldn't apply for it?
Beautiful country, but tired carefully. IMHO Brazil does an incredible job of monitoring every small and large transaction. Eventually, every country has the option to monitize their financial database., ie taxes.
Have you ever lived there?
@@OffshoreCitizen most places require a CPF when you pay for stuff. Food deliveries, department stores, online shipments, etc. You can still get by with cash in a lot of places where I am, but cash is going away quickly.
@@kevinalayne my god the CPF thing drove me nuts - impossible to get anything done - they want to watch everything
No thanks on the taxes. I’ll just go six months every year.
Do you offer help with ICOs? you seem to be very into crypto so figured I would ask via the best system, a youtube comment.
Yes
The thing about these digital nomad visas is they are not "citizenship track" and generally no tax benefits, so you're kinda just wasting your time. That's one perspective.
Depends on your goals, most Asian countries aren't citizenship track either but you still might like to live there
@@OffshoreCitizen Can get Paraguay residency and casually live in Brasil, with more benefits IMO
Is a crypto trader considered digital nomad in this new visa?
I think that the issue would be that of convincing the Brazilian authorities that you've got a steady, reliable income. Either that, or you could put $18,000 in a bank account.
@@dlukton right, the gov absolutely does not want to be on the hook for your welfare. That does not play well to the people here due to so many folks being in poverty.
It seems like criminal background checks would be problematic for people on the move.
How come?
@@OffshoreCitizen How far back do they want background checks? If you're a digital nomad, that wouldn't appear easy if you've moved around the past several years.
@@SenorJuan2023 how so.. No record means.. No record
@@mikieca What if you need to get certificates of lack of criminal record from 8 different jurisdictions in which you have been in?
This would be great if you time it right with having a child. If the child is born in Brazil, they get instant citizenship
Haha true. What do you think about the value of a Brazilian passport?
@@OffshoreCitizen It's a great one for travel - visa free to UK/Europe/Russia/South Africa. But more importantly, it offers a place to escape to in South America if things get really bad in the West! Can you live in other South American countries on a Brazilian passport, similar to what an EU passport allows? Not sure about that but that could be powerful too.
@@OffshoreCitizen High.
@@NxD3TH Being a Brazilian, you have free pass to go to other Mercosul countries.
I doubt there's anywhere in Brazil that I would find interesting. Perhaps if I was learning Portuguese.
Have you ever been there? What countries do you find interesting?
@@OffshoreCitizen It's been awhile since I've traveled overseas, but I'd say Europe, Asia (haven't been there yet), Russia, and parts of Latin America. I've been subscribed to International Living for years.
@@OffshoreCitizen Haven't been. Was never interested in Mexico before either, but have heard good things about Mexico City and the country in general recently.
There are some very beautiful places, it depends on what you are looking for as anywhere else in the world.
@@SenorJuan2023 What do you find interesting?
Philippines hopefully.
What do you think about Brazil?
@@OffshoreCitizen Brazil is definitely on my bucket list.
Maybe not. They already have established retirement and investment visa programmes (SRRV and SIRV). In fact they tightened up the retirement programme because the minimum age was 30 and people were using it for purposes they disliked such as running online casinos targeted at the Chinese market. I think they would be concerned a digital nomad visa would end up causing the same problems and be open to abuse. If you want to live and work in the Philippines then just invest the $75k in the SIRV programme...
Belize
What about it?
@@OffshoreCitizen oh u ask to comment in the chat who do we think will have a digital nomad visa next
All these digital nomad visas are only for one or two years. Not really useful for people with kids in school :(
I wouldn't be a digital nomad in Brazil for all the gold the in the world...
Why is that?
@@OffshoreCitizen crime, corruption, toxic climate. Way worse than other places. Colombia or even Mexico is many times better.
Brazil has one of the highest inequality indexes in the world. I don't know if it's like this everywhere in the country, but where I live there are walled neighborhoods where the rich live.
@@Tzmaker Crime - depends the place you live
Corruption - it had been decreased a lot in past years
toxic climate - Are you crazy?
Colombia or Mexico are better - No. You are insane.
I love Brazil but everyone I know has been robbed including me - 2 of my friends stabbed, one of them died. Spent 1 year living between Curitiba and Floripa. After making lots of friends over a year I absolutely felt I couldn't trust a single one them - not one. I accept that though as I don't believe they trust each other down there. Different world. Police are ruthless are corrupt to the bone..... Still I highly recommend for a vaca, friendly people, lively culture and my dating life was very rich to say the least. Now that I am more into crypto and like to dress nicer I will prefer safer countries. Gets tiring looking over your shoulder all the time. I'm in Czechia at the time of writing this.... Would visit again and overall had a great experience (even thought I'm light on some jewelry)))