Remote workers who make at least $2,750 a month can apply to Portugal's new 'digital nomad visa' starting Oct 30. Here's how it stacks up to similar programs in Europe.
Portugal recently released the requirements for its highly-anticipated"digital nomad visa," allowing remote workers who make four times the national minimum wage to live and work in the picturesque European nation. That calculates to about $2,750 a month.
One of the program's biggest selling points is that recipients are able to travel visa-free throughout the Schengen Area, a region containing 26 European Union member countries where travelers can move freely without dealing with border control. The popularity of Portugal among remote workers is due to a number of reasons, including the low cost of living, mild weather, an abundance of co-working spaces, connections to major European cities, and the country's fluency in English, Joana Mendonça, the head of legal at Global Citizen Solutions, an investment migration firm with a strong presence in the Portuguese market, told Insider.
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