Digital Nomad Visa Comparison: Seychelles vs. Thailand
A comparison of remote work visas for Seychelles and Thailand.
Are you a digital nomad looking for a new destination that offers a more tropical feel? Two countries that might be worth exploring are Seychelles and Thailand. Both countries offer unique travel experiences in addition to their digital nomad visa programs. Let's take a look at how they compare.
Comparing Digital Nomad Visa Programs: Seychelles vs Thailand
Seychelles
Seychelles is a group of 115 islands in the Indian Ocean that is known for its stunning beaches, coral reefs, and nature reserves. It's a popular destination for couples and families, but increasingly it's also a place where digital nomads choose to set up shop. The new "Visitors' workcation Permit" option is a game-changer, as it allows visitors to stay for up to one year while working remotely. Moreover, there is no income tax for individuals in Seychelles, which is a significant financial benefit.
Digital Nomad Visa Program
| Cost of Visa | EUR 45 |
|---|---|
| Length of Stay | 30 days to up to 1 year |
| Income Requirement | Proof of work and income/subsistence, Proof of being self-employed, being a freelancer, or a business owner, or proof of employment |
Other Conditions or Requirements
- Valid passport
- Proof of valid medical and travel insurance
- Proof of accommodation
- Rendering services and working with local businesses and employers are not allowed
Thailand
Thailand is a Southeast Asian country known for its stunning beaches, tropical climate, and rich culture. Bangkok, its capital, is a bustling metropolis known for its street food, shopping, and nightlife. The eastern coastal city of Pattaya and the northern city of Chiang Mai are both emerging digital nomad hotspots in Thailand, offering a more relaxed pace of life.
Long Term Resident Visa Program
| Cost of Visa | Government Fee: THB 50,000 per person for 10-year visa with Multiple entry |
|---|---|
| Government Fee: THB 3,000 per year to maintain Digital Work Permit | |
| Length of Stay | Visa will be granted to stay in Thailand for the first time for five (5) years, which can be extended for five (5) more years if qualifications are met |
| Income Requirement | Annual income of the applicant should not be less than US$80,000 in the past two years. |
Other Conditions or Requirements
- If the income of the applicant is between US$40,000 to US$80,000 in the past two years, he is required to have at least a Master's Degree, receive Series A funding, or own intellectual property
- The applicant is required to have relevant working experience of at least five years over the past 10 years.
- The current employer should either be a public company (listed on a stock exchange anywhere), or a private company with at least three years of operations with revenue for the last 3 years should be at least US$150 Million
- The applicant should have health insurance with coverage of at least US$50,000 or Social Security Benefits supporting treatment in Thailand or a bank deposit of no less than US$ 100,000
- A letter of verification issued within the last 10 years by the country of Residence/ Nationality indicating a clear criminal record might be required
Choosing between Seychelles and Thailand
Choosing between Seychelles and Thailand will depend on personal preferences, lifestyle, work requirements, and of course, the pandemic situation. Seychelles offers stunning natural beauty, a low income tax rate, and the opportunity to spend up to a year in this tropical paradise. However, the work restrictions and relatively high cost of living may be a concern for some. In contrast, Thailand offers a mix of bustling city life and relaxed coastal living, a more complete digital nomad visa program, and a lower cost of living. However, staying for a more extended period might also require a higher income threshold, and some areas' internet connectivity may be problematic. Ultimately, both countries offer unique experiences, so digital nomads should consider their aspirations and needs when making a decision.