Posted on September 24 2024

What is the difference between a golden visa and a digital nomad visa?

By
Anshul Singhal
, Editor

Updated September 24 2024

With the growing technology and digitalization, a wave of new visas is made available for individuals. Digital nomad visas and Golden visas have become a convenient source for remote workers, wealthy investors, entrepreneurs, researchers, and individuals with highly specialized skills and talent. While both visas may provide similar benefits, they differ in many other ways. A digital nomad visa is specifically for digital nomads, allowing them to reside and work remotely in a foreign country. On the other hand, a Golden visa program is a type of exchange program that grants residency to individuals who invest in the country by setting up a business or buying properties.

The table below can help you understand the differences between a digital nomad visa and a golden visa.

*Want to work overseas? Get in touch with experts at Y-Axis for end-to-end assistance.

Golden Visa vs. Digital Nomad Visa

The below table will help you understand the difference between a Golden visa and a digital nomad visa:

Factors	Golden visa	Digital Nomad visa
Who can apply?	Investors	Remote workers
	Entrepreneurs	Freelancers
	Scientists	Self-employed business owners
	Outstanding students and graduates	Self-employed entrepreneurs
	Humanitarian pioneers and frontline heroes
	Business owner
	Wealthy retirees
Eligibility	Must be able to make the minimum investment required	Must be above 18 years of age.
	The investment must be of their own earnings	Have a monthly earnings
	The investment, once made, must be maintained as required by the country	Have a remote job, freelance work, or own business
Investment required	Yes (Differs based on the country)	No
Work permit	No	No
Cost to Apply	€1,200 - €2,80,000	$200 to $2,000
Number of countries offering the visa/program	100+	50+
Permanent residency	Yes	Yes
Visa Renewal	Yes (if all the requirements are met)	Yes (Differs based on the country)
Dependents	Yes	Yes (Differs based on the country)
Tax exemption	No	Yes
Chances of getting the visa	95%	Around 50% (Differs based on country)
Advantages	No requirement of a sponsor	Can work remotely from any destination
	There are no restrictions on trade	Can work at your convenience
	Freely travel	Avail tax benefits
	Expedited processing time	Get permanent residency (if eligible)
	Longer residency period	Explore different cultures
	Get healthcare benefits	Travel freely with limited restrictions
Disadvantages	Tax implications	Can be expensive
	Involves risk that comes with investments	May be eligible for higher taxes depending on the country
	High waiting time for citizenship	Stress-induced work
	Other economic risks	The job must be completely remote
	Language barriers	No stability
	Political instability	Differences in time zones
		Lack of security

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