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Techpats an increasingly attractive option
In todays podcast Adrian Lawrence talks about how Digital Nomads are settling down for the longer term to become techpats, having enjoyed travelling the world working remotely from their laptop many are now deciding to select sunny low tax countries to work out from on a permanent basis.
Cyprus is very attractive from this perspective as it allows residency rights provided you stay in the country for more than 90 days per year, and a very attractive corporation tax regime of 12.5%. As its an EU state there are many advantageous in terms of security and stable trade arrangements with the rest of the World.
It's believed there are as many as 4.8 million digital nomads which is the same number as there are companies in the UK, and as many as 17 million worldwide are interested in this lifestyle.
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