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CONVINUS Global Mobility Insights NEWSLETTER Herbst / Fall 2022

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«Familiar expertise in a new look - the next generation of our popular CONVINUS newsletter is here! » To take the next steps, we have repackaged our popular newsletter and given it a modern layout. We cannot master the challenges in the Global Mobility sector alone, so we offer our great CONVINUS Global Network partners a special platform here. In each of our newsletters we will introduce you to some of them. The issues that concern you also concern us. For this reason, we are pleased to present the autumn issue 2022, with the following focus: «Remote Work / Digital Nomad / Home Office» • CONVINUS for the perspective from Switzerland • Globalization Partners for a global overview • Artus for the perspective from Austria • Corporate Relocations Greece for the perspective from Greece


Global Mobility Insights - Herbst / Fall 2022 What employers need to know about remote work Author: Globalization Partners (worldwide) visas offering remote work visas to remote workers. Countries are a product of remote work many companies and workers. While the transition did not take place under ideal conditions, some workers may now express interest in becoming digital nomads, the means and freedom offers. While the future will probably look more like a hybrid version of office and remote work, many workers will be drawn to the freedom to live and work from wherever they choose, rather than where they must. What is a remote work visa? Countries seeking remote workers are looking to attract spending and promote international tourism and investment. In turn, remote workers are attracted to these nations for a change in weather or scenery, to escape the traditional “work-life” and to experience other cultures while telecommuting to work. The problem is that these individuals exist in a legal gray area. They may not have access to a traditional work visa, and they cannot work or stay very long on a tourist visa. In order to attract remote workers, several countries have taken to offering visas tailored Digital nomads vs. remote employees A digital nomad is a worker with the flexibility to work from anywhere in the world, working entirely virtually — they do not have a fixed office and can settle for different periods of time wherever they are legally allowed to stay. They can be full-time employees or contractors. An important characteristic of digital nomadism is that it is a lifestyle focused on flexibility and immersion with different cultures. One of the greatest benefits of employing digital nomads is that they can monetize their global business knowledge for their company. The world of digital nomadism has grown exponentially, especially since the pandemic. In fact, in 2020, the number of Americans who described themselves as digital nomads increased by 49 percent compared to 2019. 90 percent of digital nomads report high levels of job satisfaction becoming a long-term reality for 18

Global Mobility Insights - Herbst / Fall 2022 remote work visa? Remote work visas allow professionals to experience extended stays in these countries while working. The speci cation for each visa varies depending on the country, but often includes an active employment relationship and a minimum salary. Remote work visa requirements: Proof of employment The basis for obtaining a remote work visa is that a company outside of that country must employ a professional. This means that only employed professionals are eligible for these visas. Taxes If visa holders spend more than 183 days in a consecutive 12-month period in Estonia, they will be considered a tax resident. In Georgia, all digital nomads must pay taxes for their entire stay. Fees There is often an application fee involved in obtaining a remote visa. Some nations may not require fees from applicants from nations that do not require a visa to enter their country, such as Iceland. In the case of Mauritius, the visa is free for all applicants. Fees can also increase if any family members are accompanying the professional. What are the requirements for a Minimum income requirements Most countries, such as Mexico, Estonia, and Georgia, require applicants to have a minimum monthly income. This minimum can range from USD 1,500- USD 4,200, depending on country-specific laws. Background check The Caribbean nation of Antigua and Barbuda is among those that require a background check. Other countries that require a background check include the Cayman Islands and Croatia. Insurance Countries want to know that remote workers will not become a burden on their healthcare system. Therefore, nations such as Dubai and Antigua and Barbuda require that applicants have health insurance with proper coverage in their territories. Mauritius requires that all applicants have both health and travel insurance for their entire stay. B I S Z U M 3 1 . 1 2 . 2 0 2 2 B U C H E N & S P A R E N 19

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