Together with

Sign Up | Advertise

Welcome back to Nomad Cloud. This is a fun week to check out where digital nomads are traveling towards the end of the year and even a forecast for 2024! We explore the topic of tax and how to save while still in the pesky European region. P.S do you all want us to help you with this? Let us know and we can find a trusted nomad tax company pronto! Anyways enjoy this week and don’t hesitate to share feedback on what you want to see more of.

Upcoming

• Expats are headed to this one particular European country 🇪🇺

• Bend it like Beckham with these tax saving strategies 💸

• eKairos Forum Speakers Announced (they are legendary in the space) 🎙️

📈 Trending News

• 5 Best places to work and visit in December for digital nomads

• It's official: these are the best countries for digital nomads in 2024 🌎

• I split my time between Tokyo and Singapore. I don't consider myself a digital nomad, I'm a 'shuttler.' 🇯🇵🛩️🇸🇬

• I've lived out of my suitcase for 3 years as a digital nomad. Here's what I always pack — from my carry-on essentials to electronics ✈️

• Remote employee monitoring tech is surging

• Survey says: 4 Day Work Weeks are good for your health

• Why does Gen Z want to move abroad? And where do they want to go?

Do You Have A Plan In Case of Emergency While Traveling The World?

Traditional insurance won’t rescue you, and a medical evacuation can cost up to $300,000.

What does it cost to join Global Rescue? Just the price of membership, which starts as low as $139. Global Rescue memberships provide peace of mind with travel services designed for unexpected medical and security emergencies, whether you’re a digital nomad, expat, or family.

If you don’t have a plan in case of an emergency get Global Rescue

This Spanish City Is Getting Rave Reviews From Expats 🧳

In the latest 2023 Expat Insider report by InterNations, Spanish cities have emerged as the most favored destinations for expatriates. Malaga, Alicante, and Valencia, all in Spain, top the list as the best cities for expats, excelling in areas like social, financial, and work-life balance.

• Malaga Leads as the Top Expat City: Malaga, a vibrant port city in southern Spain, ranks first in the list, widely appreciated by expats for its friendly atmosphere, excellent social life, and balanced work-life environment. The city stands out for its welcoming community, making it particularly easy for newcomers to settle in and build social connections.

• Other Spanish Cities Excel in Quality of Life: Alicante and Valencia follow closely, offering low living costs, rich travel opportunities, and a robust cultural scene. Madrid and Barcelona, though ranked lower, still feature in the top 15, with expats praising their nightlife, culture, and healthcare system. Spain's overall high life expectancy and status as one of the healthiest countries in the EU further enhance its appeal to expats.

• Spain’s Digital Nomad Visa Attracts Remote Workers: Spain's introduction of a digital nomad visa, aimed at "international teleworkers," simplifies the process for foreigners wishing to work remotely from these locations. This initiative, coupled with the country's favorable living conditions, positions Spain as a top destination for expats in various fields.

Read Full Story 

Nomad Who Used SEO to Make $100,000 Tells All (Podcast)

Bend Those Taxes Like Beckham in Spain ⚽️

Spain's Beckham Law, introduced in 2004 and initially crafted to attract star footballer David Beckham, has evolved into a significant tax incentive for foreign professionals. While professional athletes are now excluded, the law provides substantial tax benefits for other qualified foreign workers relocating to Spain.

• Key Tax Advantages of the Beckham Law: The Beckham Law offers a fixed income tax rate of 24% on earnings up to €600,000 for non-residents, contrasting with Spain's standard progressive tax rate which can reach 50%. Importantly, income generated outside of Spain is exempt from this tax. Additionally, capital gains tax only applies to assets located in Spain, with foreign assets being tax-free. The wealth tax is favorable too, levied only on Spanish properties and at rates varying from 0.2% to 2.5% based on property value.

• Eligibility Criteria for Applicants: To qualify for the Beckham Law, applicants must not have been Spanish residents in the previous ten years, must move to Spain for work, and be employed by a Spanish company. Additionally, the application must be submitted within six months of employment. This law also opens doors for digital nomads and remote workers, offering them a residence permit and the opportunity to benefit from these tax advantages.

• Recent Updates and Application Process: Recent changes to the law include a reduction in the non-residence period requirement from ten years to five, and the expansion of eligibility to some remote workers, entrepreneurs, and freelancers. The application process, which can be completed online, typically takes one to two months. However, certain groups, such as freelance workers, professional athletes, and directors holding significant shares in passive holding companies, are excluded

Read Full Article Here

🚨 DEAL ALERT (Last Chance!!) 🚨

Save 50% on FareDrop Pro for Black Friday

Looking to travel more in 2024? Us too. That’s why we’re so excited to share FareDrop’s best deal ever for Black Friday. With FareDrop, you can save up to 80% on flight prices with personalized deal alerts from your home airports. The deals will be completely customized to your travel goals, including your preferred destinations, travel availability, budget, and more.

Right now, if you sign up for FareDrop you’ll receive:

• 50% off the Pro Plan

• A FREE airport t-shirt

• A FREE Lonely Planet eBook

• A $50 hotel credit

• And you’ll be entered to win a trip to the Maldives!

That’s a total value of $199 for just $49. This sale won't be around long, so sign up for your Pro plan now!

eKairos Forum 2023: 700 of 888 Seats Remaining

Don’t miss the premier event of 2023!

eKairos Forum brings together the top minds in the Future of Work and Living.

Speakers are practitioners from industries that are expected to fundamentally impact humanity over the next century.

People like Danish Soomro, leader of the largest online community of digital nomads on the planet.

Anna Maria Kochanska a recognized TEDx speaker, paving the way for remote work in the emerging remote work hub in Cape Verde 🇨🇻

And ✨Andreas Wil GERDES, known as "the first nomad" and entrepreneur to travel and work with an analog car phone.

The eKairos Forum 2023 is adopting a unique format for its presentations.

Each speaker is allotted a mere 8 minutes to convey their thoughts, focusing on the most pressing issues and topics they believe our generation faces, along with the solutions they propose to address these challenges.

The format is unrestricted, with no predefined rules or expectations, allowing for a raw and unfiltered account from each speaker.

This approach aims to ensure that the audience gains a diverse range of valuable and actionable information.

Did we mention, one lucky attendee will win a 6-night luxury getaway in the Maldives! Stay tuned for more details on this amazing opportunity.

📌 Recommended Resources

• 50% off No-Code Courses hosted on a fantastic community platform that will help you build digital products, websites or MVPs

• Eleven Labs: Clone your voice with AI for social media content.

  *This is affiliate content

👋🏾 How can we work together?

1/ Buy 30 minutes of my time to learn how to implement AI in your business: I’ll show you how to save time and increase your profits.

2/ Sponsor this newsletter so we can continue to produce great content

3/ Share this newsletter with a friend, just 5 invites unlock free Nomad Cloud mugs.