The world is changing as we move into a new dimension of digital connectivity that is the Internet of Things and 10x data transfer speeds and a new breed of entrepreneur has emerged, namely the digital nomad. Men and women who work online in one way or another can literally live anywhere, as long as they have a stable web connection; nomads travel to many countries; one of the top destinations is Southeast Asia, Thailand, Vietnam and Malaysia are typical targets for young entrepreneurs, where the weather is nice and the cost of living low.
Set up a business in your preferred country
If you love living in Vietnam, why not set up your own small business? This will bring many benefits to the table; long-term visas and tax concessions, to name a couple. If you hire local employees, you can outsource human resources and payroll to a local provider, plus if you wish to travel, you can manage your business remotely. For more details on business registration in Vietnam, Google can help you find the website of a leading international law firm that have all the solutions.
Popular nomad professions
Many are successful e-store owners, while others trade; some are into crypto and selling stocks and shares, and then there is the global Forex market. Coders, software developers and web designers can all work remotely, using Zoom to collaborate with their teams. Many personal trainers deliver their services via Zoom, while physiotherapists and mental health counsellors also work remotely. Any service/product that can be delivered online qualifies you as a digital nomad; once you experience the level of freedom and independence, you won’t want to revert to working in the office.
Best destinations
The most popular region is Southeast Asia, with Thailand, Malaysia, Singapore, Cambodia, Indonesia and Vietnam as favourites. Countries with a low cost of living are preferred, although some do not have an adequate IT infrastructure to enable work; you could travel to a remote area for a few days and do your work offline, which is a popular way to manage. If you are planning to travel to a country, there’s a lot you can research online; many nomads explore various countries and when they find one they like, they stay for a few years or make it their base.
If your current employment does not fall under the umbrella of a digital nomad, there are online courses that you can take to become certified and your digital nomad story can begin. Time management is an important skill to develop and as you travel more, you will learn many hacks that help you; self-discipline is a trait that you will need, meeting your deadlines must come before anything else.
If you are doing business in a country such as Vietnam, it might be advantageous to set up a business, which brings many benefits.
