Welcome back to another edition of Nomad Cloud! Each week we cover a range of trending stories in travel, remote work, and nomadism. Today we have a serious talk into an all too common conversation.

Are nomads part of the gentrification problem?

We also share the best ways to stay safe while on the road. Developing country — or not — you better take notes📝.

Finally, we explore the digital nomad visa for Malta — is it the “best-kept secret”? Let’s find out.

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• Security Tips For Digital Nomads ⛑️

• Digital Nomads in Latin America Causing Housing Problems? 🏡

• Malta Nomad Visa: Deep Dive 🇲🇹

📈 Trending News

• CNBC says Spain is the No. 1 country for digital nomads in 2024 (see the full list)

• I’m a Digital Nomad — but It’s Not as Fun as it looks

• Will Bali Sustain Its Status As A Top Digital Nomad Destination In 2024?

• The Age of the “Crisis of Work”

You’re Traveling Again Soon. What Do You Do If An EMERGENCY Occurs?

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

Security Tips You Shouldn’t Leave At Home 💪🏽

So you’re leaving for a new idyllic location every week, laptop in hand, a big smile on your face. Pump the brakes! If you don’t want to be part of the demographic that goes home with a slightly sad look due to being hacked, then pay attention to these important tips. These 5 “never forget” are indispensable practices for safeguarding against cyber threats while on the move. Here are the key takeaways, highlighting the most crucial yet lesser-known security tips:

Prioritize Physical Security

A unique emphasis is placed on the physical security of devices. Beyond the digital realm, the article advocates for keeping devices physically secure, discouraging the use of unattended public charging stations, and using laptop locks to prevent theft.

Exercise Caution with Biometrics

While biometric authentication is touted as a secure method, the article advises digital nomads to exercise caution. It points out potential risks associated with biometrics, suggesting a nuanced approach and awareness of the privacy implications tied to these technologies.

Utilize a Dedicated Travel Router

The lesser-known suggestion of incorporating a dedicated travel router for secure internet access is highlighted. This device acts as a personal Wi-Fi network, adding an extra layer of protection against potential security vulnerabilities associated with public networks.

Secure Your Data with Full Disk Encryption

The article delves into the importance of full disk encryption as a potent defense mechanism. By encrypting the entire storage system of a device, digital nomads can safeguard sensitive data from unauthorized access, providing an often overlooked yet robust security measure.

Establish a Digital Emergency Plan

Beyond the routine security measures, the article recommends formulating a digital emergency plan. This includes preparing for potential loss or theft of devices by enabling remote wiping capabilities and maintaining up-to-date backups, offering a comprehensive approach to data protection.

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Is Malta’s Digital Nomad Visa the “Best-Kept Secret”?

Malta? Where’s that? Despite being one of the leading digital nomad visa programs (we’ve been told the numbers behind the scenes) many still don’t know about the Malta Digital Nomad Visa — it’s a bit like a “best-kept secret”! Beyond its picturesque landscapes and Mediterranean charm, Malta emerges as an enticing destination for digital nomads, especially those hailing from the UK. Offering a secure haven and unique visa options, the island nation beckons those looking to blend work and travel seamlessly. Here's a breakdown of key points for prospective digital nomads eyeing Malta:

Their Digital Nomad Visa Options

Malta opens its doors to digital nomads with the provision of a Digital Nomad Visa, allowing individuals to live and work in the country for up to 180 days. For a more extended stay of at least 365 days, nomads can apply for a Nomad Residence Permit. The permits offer legal pathways for foreign nationals to work for overseas companies while residing in Malta, catering to the rising trend of transitioning from traditional office settings to digital nomad lifestyles.

Practical Benefits of Choosing Malta

Malta stands out with its accessibility and convenience for relocation, coupled with English as a widely spoken official language. The country boasts an affordable cost of living and holders of the Nomad Residence permit can freely visit any Schengen country without additional visa requirements. Favorable tax agreements make the initial 12 months of residence tax-exempt for permit holders. Malta's robust technological infrastructure, featuring 5G technology and fast broadband speeds, ensures digital nomads have the necessary tools for a productive work life.

Qualifying For The Digital Nomad Visa

Eligibility requirements for the Digital Nomad Visa or Nomad Residence Permit include non-EU, non-EEA, or non-Swiss nationality. Applicants must be employed by a company outside of Malta, providing necessary employment documentation. Proof of a monthly income of €2,700, along with valid travel documents, health insurance, and accommodation details, is mandatory. Thorough background checks are part of the application process. For those opting for a Nomad Residence Permit, provisions for bringing spouses, partners, children, and dependents are available, making the relocation process accessible and family-friendly.

As the number of digital nomads continues to rise globally, Malta emerges not just as a picturesque tourist destination but as a practical and welcoming hub for those seeking to embrace a nomadic work lifestyle. It’s worth checking out, if you’re considering places to nomad and visit.

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Are Digital Nomads Hurting Latin America

The surge in digital nomads flocking to major cities in Latin America has ignited concerns over escalating rents, displacement, and gentrification, posing a challenge for local residents and authorities. As approximately 35 million global nomads seek temporary settlements, cities like Buenos Aires, Mexico City, and Medellín emerge as top destinations, bringing both financial benefits and mounting challenges. Here's a breakdown of the key issues:

Airbnb's Role in Gentrification

Landlords, enticed by the lucrative short-term rental market, often forego traditional leases, converting properties into temporary rentals for digital nomads. Airbnb, a central player in this trend, has faced controversy and protests, particularly in Mexico City, where an agreement with the platform in 2022 sparked public outrage over alleged contributions to displacement and gentrification.

Former Mayor Claudi Sheinbaum's engagement with cities like Barcelona to understand regulatory measures indicates a growing awareness of the need to address the impact of short-term rentals on local housing markets.

The Impact on Local Housing

In Mexico City, rising rents, fueled by the influx of digital nomads, have triggered concerns about affordability and a potential rental crisis. Locals report being pushed out by landlords in favor of more lucrative short-term leases to foreigners. The existential cost-of-living crisis is underscored by the economic benefits for the government and potential unequal competition with the hotel industry.

In Medellín, despite contributing to the tourism industry's growth, short-term rentals are becoming more common, leading to a surge in prices. The city is grappling with the rapid changes brought about by the digital nomad movement, prompting officials to consider regulatory measures to mitigate housing-related challenges.

Regulatory Measures and Future Considerations

Medellín has existing laws governing short-term rentals in certain buildings, and officials plan to raise awareness among property owners. However, the effectiveness of potential special permit policies, similar to Barcelona's, remains uncertain in addressing limited housing problems.

Mexico City is exploring regulations for short-term rental platforms, emphasizing concerns about housing and competition with traditional lodging providers. However, experts emphasize that a comprehensive solution involves broader measures, including increased housing development, urban infrastructure reinvestments, and safeguards against the displacement of original residents. There is a consensus that addressing the digital nomad movement's long-term impacts requires a multifaceted approach beyond immediate regulatory responses.

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