A couple of days ago, one of our close relatives told us he is leaving The United States for an Island in the Caribbean. Because his company has offered the opportunity to work from home anywhere. As long as he reports physically once a month for a team meeting and stays in the same time zone.
I mean who doesn’t want to work in an Island?
This trend is gaining momentum in Corporate America and developed nations. One of the main reasons, behind the acceleration, is COVID-19. Sure, not all types of jobs are concerned but the trend signals a shift in organizational culture. Even though there is still a learning curve. Still, there is no doubt that most employees and their families will benefit from the new shift.
However, if the movement reaches a critical mass, we might experience the most interesting moment in modern history. Certainly, the consequence will be devastating for some industries, cities, or even countries. Since most developed nations heavily rely on the service economy as a catalyst for developments.
Indeed, quality jobs bring prosperity to cities fuelling other markets such as real estate, foods, entertainment, manufacturing. Certainly, without people living in those cities, States or Countries things might be a little complicated.
On the other hand, countries welcoming those digital nomads will experience a boost in housing, foods, travel, entertainment, even manufacturing… Already, we are seeing an enormous effort by some countries to attract and facilitate the stay of foreigners who can work from home anywhere.
Countries currently attracting foreign remote workers
- Barbados allows people to stay in the country and work for up to a year.
- Another beautiful island, Bermuda allows workers to live on the island for up to a year.
- Estonia offers freelancers and other self-employed foreigners who can work remotely to live in the country for a year. But you must have a gross monthly salary of at least $3,530 from a remote work job.
- Georgia, on July 16, the country of Georgia announced a new “Digital Nomad Visa” to attract remote workers.
- Jamaica, most travelers are given a 30-day visa when they arrive in Jamaica, it’s possible for digital nomads to apply for a six-month stay)
- Mexico offers visa-free, for up to six months on a tourist visa. But it’s possible to obtain a Temporary Resident Visa that allows you to stay in the country for one year and even extend it up to three times
- Albania allows citizens of the United States can get a one-year tourist visa to stay and work in Albania.
No doubt, the list will only keep growing in popularity as many countries see the benefits of the initiatives.
Nonetheless, for companies also it would be extremely beneficial from a financial standpoint. One of the requirements, to be eligible for such a program in many U.S companies is to accept financial differential adjusted to the place you choose to relocate. In addition, those companies are preparing to downside offices and scale back on some investments.
However, if you are not interested in moving out of the US. You can definitely take advantage of some States’ programs that encourage people to move in. Providing you can work from home Anywhere.
4 States that offer incentives for remote workers
Vermont State will pay people $10,000 if they move to Vermont and work remotely for an employer out of state.
- Tulsa, Oklahoma
The Tulsa Remote program lunch in 2018, which gives full-time remote workers $10,000 and a $1,000 housing stipend to relocate and work from the city, paid out over the course of a year.
- Harmony, Minnesota
Harmony is offering $5,000 to $12,000 homebuilder rebates. According to the town’s website, “In order to spur new construction and community growth, the Harmony Economic Development Authority (EDA) was authorized by the city council to provide a cash rebate incenting new homes in Harmony. According to the town’s website, “In order to spur new construction and community growth, the Harmony Economic Development Authority (EDA) was authorized by the city council to provide a cash rebate incenting new homes in Harmony. The EDA will provide those building a new home a cash rebate ranging from $5,000 to $12,000” (harmony.mn.us).
Alaska offers a slew of grant programs and tax incentives to attract people to put down roots in the state. Perhaps most enticingly, permanent residents can qualify for the Permanent Fund Dividend, which cuts each member of the population a check each year. In 2018, permanent residents received $1,600.To qualify, you need to live in the state for the dividend year.
Where to find work from home jobs?
- indeed.com : https://www.indeed.com/q-Work-At-Home-Anywhere-jobs.html
- flexjobs.com : https://www.flexjobs.com/us/Anywhere-telecommuting-jobs
- ziprecruiter.com : www.ziprecruiter.com/Jobs/Work-From-Home-Anywhere
Eventually, more and more companies are offering this options to your workforce. However,here are the top jobs you can do remotely:
- Media buyer
- Project manager
- Online instructor
- Customer service rep
- Onboarding specialist
- Administrative assistant
- Digital marketing manager
- Payroll support
- Event planner
- Designer or illustrator
- Video or audio editor
- Voice talent
- Writer or editor
- Travel consultant
- Full-stack developer
- Software engineer
- Data analyst
- Sourcing and procurement
No matter where you decide to land. Please, don’t forget to keep track of the following things. Because if you don’t it might come back to hit you really hard.
Make sure to work with a tax specialist to clarify your tax obligations. In some cases, you might end up paying taxes twice. So please be sure to address that issue.
2. Asset management
Some people asset in the State or Country of origin. Figure out what to do that asset before embarking in a nomad life. Indeed, are you going to rent out, keep it or sell. Perhaps, the answer depends on whether or not you will be coming back.
Keeping yourself motivated would probably be one of the hardest tasks. Especially when you are surrounded by an incredible and easy-going environment with different work ethic. It is easy to just blend it and adopt all those bad habits.
This should be your top priority. It doesn’t matter if you are going back to a state or city or country that you are from. That is because chances are you are a net high-income earner. Thus putting you at risk of being a target. So, be alert, be focused, and know your surroundings. In addition, get yourself and all your assets including your family fully insured. Also, update all your security contacts.
If you happen to relocate out of the country find the nearest US consulate or Embassy and get yourself registered. Moreover, you can subscribe to the SOS international alert system. I find it extremely useful. That is because of the alert system embedded that alerts you whenever there is a security-related and health-related incident near you.
Be aware of Cybersecurity risk
This is probably the most challenging aspect. Typically, companies have protocols in place to secure the office technology and information system. But, if you decide to move abroad things become trickier. You’ve decided to move into a beautiful sunset city or country, well so do cybercriminals. If you think you are immune to their attacks think twice. Their actions and strategies are increasingly sophisticated. Here are some tips to help you mitigate the risks.
- Phishing emails
Those criminals are perfecting emails to target remote workers to steal their personal information or gain access to business email accounts. So, please don’t open any email that you are not expecting. If you see an unknown email landing in your inbox just trash it. The keyword here is an unexpecting email no matter the sender.
- Use encrypted communication
All your communication with your co-workers and clients has to be encrypted. If your company can’t provide you with that built-in option, then find out from yourself if you can install that functionality.
- VPN(Virtual Private Network)
That is my go-to. Whenever, I am doing work remotely, especially in a foreign country.VPNs provide a secure tunnel for the information to pass between your device on your home network to your work network. I will recommend using for all your devices and family devices. Adopt it as well for personal and professional activities. It provides an extra layer of privacy and protection.
Here is a list of the best VPN service for speed, privacy and unblocking.
Nevertheless before settling for any options, have a conversation with your IT department. Because, your company might have their preferences are compatible with the company internal computer system.
- Secured WiFi network
Always work from a location that has a secured wifi network.
By no means, it the list exhaustive. Indeed, most corporate jobs can be performed remotely. Consequently, have a conversation with your manager, IT department, and human resources to find out if you qualify. In addition, to all the necessary accommodations you will need to make the experience effective and efficient. Sure, you might take into account the cost of optimizing your house or your working space.
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