An increasing number of jurisdictions are embracing digital nomads as a potential source of economic good, lightly taxed but who contribute to the fiscus through their daily and considerable spending habits. South Africa is no exception, following some recent exciting developments within the immigration policy space.
On 20 May 2024, the amended Immigration Regulations were published for comment. The Regulations include the long-awaited publication of the 'Digital Nomad Visa'. Recent studies have shown that the demand for remote work outstrips supply and offers employees increased flexibility concerning their time, being nearer to loved ones, and other "life" concerns.
Digital nomads: A stay of six months or less makes Sars registration moot
Currently, foreign nationals entering South Africa to work for a local company are required to have the correct work authorisation to do so. Getting it means applying for the appropriate work visa as set out in the Immigration Act. The existing requirements and lengthy waiting periods associated with these permits can quickly quell a foreign employee's appetite to work in South Africa for a short period.
The digital nomad visa seeks to offer foreign workers more opportunities to work in South Africa while avoiding the travails of permanent employment. The visa would apply if the foreign national intends to work remotely in South Africa for a foreign employer or derives a foreign source of income remotely.
To qualify for a digital nomad...
Read Full Story:
https://news.google.com/rss/articles/CBMingFBVV95cUxNRmJtLUR1WERadmc1UTZmUDZB...