South Africa has published draft regulations for digital nomads visas, inviting the public to share feedback and comments that will shape the eventual outcome of the visa.
If the regulations are eventually adopted and implemented, South Africa will become the fifth African country to offer digital nomad visas. For South Africa, the goal is to position itself as the global hub for digital nomads.
According to data by Nomad Hive, nomads spend an average of $2,000 monthly on accommodation, food, local transportation, work-related expenses, and leisure activities.
South Africa’s digital nomad VISA will target nomads earning at least R1 million (~$53,000) annually.
“The inflow of digital nomads promotes sharing of ideas and experiences which can internationalise South Africa’s tech ecosystem,” said Will Green, founder and CEO of venture firm Co.lab.
South Africa will be enticing to remote workers because of a relatively low cost of living, and a weak exchange rate, said Blake Blake Player, head of growth at crypto firm VALR. “Many tech companies may start to look at entering the SA market more formally,” he added.
Despite…
Ephraim Modise
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https://techcabal.com/2024/02/22/south-africa-digital-nomad-visa/
