You have probably heard the term ‘digital nomad’ and you know it is something to do with technology, but other than that, you are not sure. You are in luck, as we reveal all in this short article, helping you to get a deeper understanding of what a digital nomad actually does.
Working online
A digital nomad is a new breed of entrepreneur who works remotely, which means he or she can live in any location; a level of freedom that is unprecedented. Indeed, an online worker is a very broad term; it involves many occupations and professions; such as crypto and stocks traders who use a secure share trading platform, web designers and coders, as well as cyber-security technicians. Many employees work remotely, visiting the office once a week, or checking in with a daily Zoom call to discuss up and coming projects.
Single person tech startups
Many developers and coders decide to freelance their services; they set up an offshore company and pay next to no tax; it might be a team of app or web developers that get together to offer turnkey solutions to businesses. If you are a tech professional, you only need to hire a bookkeeper/accountant and you can manage your own business.
Mobile app developers
Almost all of the developers have remotely located players; everyone sends their data on time and daily Zoom calls keep everyone on the same page. Projects are completed across time zones and delivered to the client according to the project timeline. The Internet empowers remote collaboration and web3.0 offers real-time video communication across the planet.
Popular digital nomad destinations
Today’s breed of online entrepreneur likes to travel and see the world; top destinations include Bali, Indonesia, Thailand, Cambodia, Vietnam and other Southeast Asian countries. Aussie nomads like to spend a few months on Bali, always a favourite, then fly to Thailand and rent Airbnb for the high season; perhaps on to Vietnam for a few weeks before heading home for the summer and New Year. European nomads like to leave in September, heading south to the Mediterranean and further afield. You would find online workers on the Greek Islands in the holiday season; South America is popular, with Belize and Costa Rica topping the list; Mexico has a group of European nomads and they are always ready to help new arrivals.
Foreign business formation
The smart way for an online professional to go is setting up an offshore company, which brings several benefits; long-term visas and low rates of tax, to name a few. If you would like to learn more about a specific nation and how to register a foreign business, talk to a local law firm, who can advise you as to the best type of business to register; there are typically 3 choices.
If you are unhappy with your current employment, why not join the thousands of digital entrepreneurs in Australia who enjoy a fantastic life.
