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US presidential candidate <keyword id="19918985" type="General" weightage="20" keywordseo="Donald-Trump" source="keywords">Donald Trump</keyword> has gone from suggesting that immigrants were poisoning the blood of the country to saying that he would welcome immigrants from “nice” countries like Denmark, Switzerland and Norway to his most recent plans of automatically granting green cards to <keyword id="22128571" type="General" weightage="20" keywordseo="foreign-graduates" source="keywords">foreign graduates</keyword> of US colleges in a rather short duration of time. Feeling a little whiplashed, anyone? Securing a green card in the US is a Herculean task whose difficulty is probably comparable to capturing and bringing back Cerberus. And this legal permanent residence, which can sometimes take decades, is only the first step to becoming a US citizen. Many Indians have tried, whether it’s through residing and working for decades, navigating rather lengthy paperwork or marrying someone who is already a US citizen. Sadly, many have failed too. However, should Donald Trump become the President of the United States again (and decide to keep his word), Indian students might actually have an easier time getting a green card. In a surprising shift from his previous stance on immigration, former President Donald Trump has unveiled a bold plan to automatically grant green cards to foreign graduates of US colleges if re-elected. This announcement, made during a podcast interview with Silicon Valley investors, marks a departure from Trump's traditionally tough rhetoric on immigration. During the podcast hosted by Chamath Palihapitiya and others, Trump expressed his commitment to retaining talent educated in American universities. He argued passionately for granting green cards as a standard benefit for graduates, regardless of the institution they attended. Trump emphasised that this policy should encompass graduates from renowned institutions like Harvard and MIT as well as from junior colleges across the country. “It’s so sad when we lose people from Harvard, MIT, the greatest schools, and lesser schools that are phenomenal schools also,” Trump lamented on the All-In Podcast. “I think you should get, automatically, as part of your diploma, a green card to be able to stay in this country and that includes junior colleges, too.” A green card affords its holder permanent residency rights in the United States and represents a crucial step towards citizenship. Trump's proposal, if enacted, could potentially introduce hundreds of thousands of new applicants for citizenship annually. Adding to the exodus of Indians who have already migrated to the US, over 200,000 Indian nationals are enrolled in institutes across the US in 2024, setting a new record. In fact, the significant surge in Indian students seeking education in the country between 2022-23 represented an unprecedented 35% increase from the year before that. The former US president specifically mentioned India and China, highlighting how talented individuals were unable to stay in the US because of current <keyword id="22151110" type="General" weightage="20" keywordseo="visa-policies" source="keywords">visa policies</keyword>. We can see how this may show him in a favourable light for green card aspirants. And while we’re not one to look a gift horse in the mouth, it is important to remember that Trump has made his discriminatory nature very public in several instances. Immigration has been a hot topic in the US political arena for decades. However, in recent years, the political right and others have been more divided than ever on this issue. Republicans have been calling for stringent immigration policies and strict border protections. Therefore, even if Trump does deliver what he promises, the packaging will most likely have fine print that might continue to make it difficult for students to attain green cards. In fact, the presidential candidate’s campaign press secretary, Karoline Leavitt, has already clarified that Trump's proposal would only apply to thoroughly vetted college graduates who can “make significant contributions” to America and would not undercut American wages or workers. She emphasised that Trump has outlined the most aggressive vetting process in US history to exclude "all communists, radical Islamists, Hamas supporters, America haters and public charges." Anyhow, Trump’s proposal starkly contrasts with Trump's previous hardline stance on immigration, which had been a cornerstone of his political platform. During his presidency, Trump advocated for stringent immigration policies, including the largest deportation campaign in US history, aimed at undocumented migrants, and building a wall on the southern borders of the country. Trump intensified restrictions on legal immigration amid the pandemic and his final year in office. He proposed halting all immigration to the US and deporting foreign students who didn't attend some in-person classes. A month before the 2020 election, Trump once more moved to tighten regulations on the <keyword id="20773661" type="General" weightage="20" keywordseo="H-1B-visa" source="keywords">H-1B visa</keyword> program. He has also criticised the H-1B visa program, which tech companies favour for hiring foreign skilled workers, as detrimental to American prosperity. The H-1B visa is a non-immigrant visa allowing US firms to employ foreigners in specialised occupations requiring theoretical or technical expertise. At a recent campaign event in Wisconsin, Trump criticised Biden's immigration policies, particularly lambasting a new program allowing undocumented spouses of US citizens to apply for permanent residence without leaving the country. Trump characterised immigration under Biden as an "invasion" and argued against discussing amnesty, urging instead for measures to halt what he perceives as an influx of unauthorised migrants. Estimates from the Department of Homeland Security suggest that approximately 11 million migrants currently reside in the US without authorization, a statistic that has been central to Trump's arguments against leniency in immigration policy.

Donald Trump strikes again: Ex-President proposes automatic green cards for foreign graduates of US colleges

<ul class="summary-list"><li>It just got much simpler for remote workers to <a target="_blank" href="https://www.businessinsider.com/american-moving-to-italy-buying-a-home-overseas-sicily-2024-1">move to Italy</a>.</li><li>Non-EU or Swiss citizens can now apply for a digital nomad visa that lasts for one year.</li></ul>Italy is welcoming globetrotting professionals with open arms.The country's <a target="_blank" href="https://www.businessinsider.com/digital-nomad-virtual-assistant-job-countries-mexico-home-base-2024-3">digital nomad</a> visa went into effect last week after being discussed by Italian legislators for years, and it's aimed at remote workers who want to spend some time living in the popular European destination, according to <a target="_blank" href="https://www.euronews.com/travel/2024/04/08/italys-digital-nomad-visa-when-it-will-be-available-and-who-can-get-it-according-to-an-exp">Euronews</a>.The Italian government defines digital nomads as non-European Union or Swiss citizens who are highly skilled, Euronews said. They should be able to work remotely, either as someone self-employed or in collaboration with or as an employee of a company.But it's not as simple as showing up with your luggage and laptop.Visa applicants must earn three times the minimum level required for exemption from participation in healthcare costs. That comes out to just under €28,000 annually or about $30,400.Further requirements include health insurance coverage for the duration of your stay, proof of accommodation, and candidates will have to show they've been a remote worker elsewhere for at least six months or a digital nomad for the same period of time.And while the digital nomad visa is only good for one year, it can be renewed — and your family can be included.You may, however, get rejected if you've been convicted of a crime in the last five years, Euronews said.It's the latest effort from Italy to encourage growth. For a while now, aging Italian towns have offered their<a target="_blank" href="https://www.businessinsider.com/one-euro-home-promotion-tourism-mussomeli-sicily-town-deputy-mayor-2024-2"> homes up for just one euro</a> in an effort to curb underpopulation. The deal attracted foreigners who took advantage of the <a target="_blank" href="https://www.businessinsider.com/californians-sicily-italy-one-euro-homes-expensive-properties-true-cost-2024-1">fixer-uppers.</a>Still, elsewhere in Europe, several countries are rolling back their <a target="_blank" href="https://www.businessinsider.com/spain-scrapping-golden-visas-real-estate-investment-wealthy-foreigners-2024-4">"golden visas"</a> that once allowed outsiders to obtain residency permits after investing over $500,000 in real estate.

Italy launched its long-awaited 'digital nomad visa' — here's who qualifies and how to apply

<ul class="summary-list"><li><keyword id="11912689" type="UNKNOWN" weightage="60" keywordseo="visa" source="Orion">Visa</keyword> made its first foray into the digital-collectibles market by purchasing CryptoPunk 7610 for around $150,000.</li><li>The payments giant made the purchase on August 18 for 49.5 ether.</li><li>Visa said by purchasing an <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword>, it is "jumping in feet first" to help its clients understand the space better.</li></ul>Visa recently made its first foray into the digital-collectibles market by purchasing CryptoPunk 7610, its first non-fungible token, for around $150,000, according to an announcement <a href="https://twitter.com/VisaNews/status/1429745230023208969?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1429745230023208969%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F79163%2Fvisa-buys-cryptopunk-nft-nearly-50-eth-eth">Monday</a>.The payments giant made the purchase on August 18 for 49.5 ether, according to <a href="https://www.larvalabs.com/cryptopunks/details/7610?linkId=128409384">Larva Lab</a>, the team behind CryptoPunks."What began as an early artistic experiment has quickly become a cultural icon for the crypto community," Cuy Sheffield, head of crypto at Visa, said in a <a href="https://usa.visa.com/visa-everywhere/blog/bdp/2021/08/18/nfts-mark-a-1629328216374.html?utm_source=VisaNewsTwitter&amp;utm_medium=OrganicSocial&amp;utm_campaign=NFT082321&amp;linkId=128409385Id=128409385">statement</a>, referring to the CryptoPunk series.He continued: "To help our clients and partners participate, we need a firsthand understanding of the infrastructure requirements for a global brand to purchase, store, and leverage an NFT."Sheffield, who worked with <a href="https://www.anchorage.com/">Anchorage Digital</a> to complete the process, said he believes NFTs will play a crucial role in the future of retail, social media, entertainment, and commerce. By purchasing an NFT, he said Visa is "jumping in feet first." The crypto head, who is also a self-proclaimed NFT enthusiast, said he is confident NFTs have the potential to become a "powerful accelerator for the creator economy and lower the barrier to entry for individual creatives to earn a living through digital commerce."He cited the rise of e-commerce and how small and medium-sized businesses can harness blockchains to produce digital goods."We can envision a future in which your crypto address becomes as important as your mailing address," he said.CryptoPunk 7610 is one of 3,840 female punks made by artists Matt Hall and John Watkinson, the founders of Larva Labs, in 2017. In total, there are 10,000 24 x 24-pixel CryptoPunks with no two that are exactly alike. Other characters in the collection are composed of nine aliens, 24 apes, 88 zombies, and 6,039 males.Read more: <a href="https://www.businessinsider.com/bitcoin-crypto-dogecoin-ethereum-all-time-high-altcoin-solana-cardano-2021-8" target="_blank" rel="noopener">Bitcoin and ethereum are gearing up to knock out all-time highs as cryptocurrencies get 'too big to be ignored,' a 20-year market veteran says. Here are 5 high-upside coins he's watching closely.</a>In June, one alien punk fetched <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.sothebys.com%2Fen%2Fbuy%2Fauction%2F2021%2Fnatively-digital-cryptopunk-7523%2Fcryptopunk-7523?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">$11.8 million</a>, setting a <a href="https://markets.businessinsider.com/news/currencies/cryptopunk-nft-covid-alien-draftkings-sothebys-auction-fungible-token-2021-6">new world auction record</a> for a single CryptoPunk, luxury auction house Sotheby's said.NFTs have <a href="https://markets.businessinsider.com/news/stocks/nfts-majority-americans-surveyed-digital-art-more-than-a-fad-2021-4-1030272455?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">soared in popularity</a><a href="https://www.businessinsider.com/non-fungible-tokens-nfts-have-taken-over-heres-why-theyre-important-2021-4?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener"> this year</a>. For the month of August alone, the space has seen <a href="https://twitter.com/dfinzer/status/1427429707365163009?s=20">$1 billion </a>in payment volume.These tokens are <a href="https://www.businessinsider.com/non-fungible-tokens-nfts-have-taken-over-heres-why-theyre-important-2021-4?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">digital representations</a> of artwork, sports cards, or other collectibles tied to a blockchain, typically on ethereum. Each NFT has a signature that can be verified in the public ledger and cannot be duplicated nor edited.When people buy NFTs, they gain the rights to the <a href="https://www.businessinsider.com/why-are-people-buying-nfts-investing-in-nft-crypto-art-2021-3?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">unique token</a> on the blockchain, not the artworks themselves. But the fact that the information on a blockchain is next to impossible to alter makes NFTs appealing, especially to artists.Still, <a href="https://markets.businessinsider.com/news/currencies/nft-outlook-challenges-accessibility-storage-interoperability-mainstream-non-fungible-token-2021-8">experts</a> believe the space is still nascent and has ways to go before becoming mainstream. It has some challenges it still needs to overcome such as interoperability, scalability, and accessibility.

Visa purchases CryptoPunk NFT for $150,000 as it gets involved in the booming digital-collectibles market

The US has received sufficient number of applications needed to reach the <keyword id="10784391" type="General" weightage="80" keywordseo="congressionally" source="Orion">Congressionally</keyword> mandated 65,000 H1-B <keyword id="6359421" type="General" weightage="20" keywordseo="visa" source="Orion">visa</keyword> cap for the fiscal year 2023, the country's federal agency for immigration services said on Tuesday. The <keyword id="6358066" type="General" weightage="20" keywordseo="h-1b-visa" source="Orion">H-1B visa</keyword> is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire thousands of employees each year from countries like <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword> and China. The H-1B visa programme is the most sought-after work visa among foreign professionals, including Indians. We have received a sufficient number of petitions needed to reach the Congressionally mandated 65,000 H-1B visa regular cap and the 20,000 H-1B visa US advanced degree exemption, known as the master's cap, for fiscal year 2023, the <keyword id="368921" type="General" weightage="50" keywordseo="us-citizenship-and-immigration-services" source="Orion">US Citizenship and Immigration Services</keyword> (<keyword id="137642" type="General" weightage="80" keywordseo="uscis" source="Orion">USCIS</keyword>) said in a statement. USCIS has completed sending non-selection notifications to registrants' online accounts. The status for registrations properly submitted for the FY 2023 H-1B numerical allocations, but that were not selected, will now show, Not Selected: Not selected not eligible to file an H-1B cap petition based on this registration, it said. Meanwhile, the federal agency will continue to accept and process petitions that are otherwise exempt from the cap, it said. Petitions filed for current H-1B workers who have been counted previously against the cap, and who still retain their cap number, are exempt from the FY 2023 H-1B cap, it said. However, USCIS will continue to accept and process petitions filed to extend the amount of time a current H-1B worker may remain in the US, change the terms of employment for current H-1B workers, allow current H-1B workers to change employers, and allow current H-1B workers to work concurrently in additional H-1B positions, it added. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/10000-investment-in-gensol-engineering-ev-stock-gave-2-77-lakh-return-in-a-year/articleshow/93740070.cms">This EV firm rose 2600% in a year: ₹10,000 invested in this stock a year ago is worth ₹2.77 lakh</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dreamfolks-services-ipo-opens-today-check-out-important-details-related-to-the-ipo/articleshow/93740178.cms">DreamFolks Services IPO opens today — Check out important details related to the IPO</a>

US has reached the H-1B visa limit for the financial year of 2023

<ul><li><keyword id="9349622" type="COMPANY" weightage="20" keywordseo="the-us-department-of-homeland-security">The US Department of Homeland Security</keyword> is planning to introduce temporary modifications to F-1 &amp; <keyword id="9535479" type="UNKNOWN" weightage="20" keywordseo="m-1-nonimmigrant-visas">M-1 nonimmigrant visas</keyword>. </li><li>The development will allow universities and institutions to provide a blended learning experience — both in-person and online — so as to meet the requirements for <keyword id="9535478" type="UNKNOWN" weightage="20" keywordseo="nonimmigrant-student-status">nonimmigrant student status</keyword>. </li><li>This will let the foreign students continue their education in the United States, ANI reported. </li><li>The international students can apply for two types of student visas to study in the US — M-1 nonimmigrant visa and <keyword id="9535480" type="UNKNOWN" weightage="20" keywordseo="f-1-nonimmigrant-visa">F-1 nonimmigrant visa</keyword>.</li></ul>In a bid to provide flexibility to non-immigrant students, the US Department of Homeland Security is planning to introduce temporary modifications to F-1 &amp; M-1 nonimmigrant visas — which are granted to foreign students pursuing academic or vocational studies in the US — for this <keyword id="1601040" type="PERSON" weightage="20" keywordseo="Fall-semester">fall semester</keyword>. The development will allow universities and institutions to provide a blended learning experience — both in-person and online — so as to meet the requirements for nonimmigrant student status. This will let the foreign students continue their education in the United States, ANI <a href="https://twitter.com/ANI/status/1280677472158150656?s=20">reported</a>. However, students will still be required to have a visa and may face travel or other visa restrictions due to the coronavirus pandemic. In a recent tweet, US President <keyword id="6354484" type="PERSON" weightage="20" keywordseo="Donald-Trump">Donald Trump</keyword> said that schools must open in the fall. The government added that social distancing measures should be strictly enforced across the operating campuses in the country. This comes on the backdrop of the latest amendments introduced by the US government for students as campuses shift to a remote learning model. On July 7, The Trump administration announced that the international college students who are taking classes online will not be permitted to stay in the US on a student visa. "Nonimmigrant students within the United States are not permitted to take a full course of study through online classes. If students find themselves in this situation, they must leave the country or take alternative steps to maintain their nonimmigrant status such as a reduced course load or appropriate medical leave,” the US Immigration and Customs Enforcement earlier <a href="https://www.businessinsider.in/international/news/ice-says-international-students-taking-online-courses-have-to-transfer-or-leave-the-us-as-dozens-of-schools-shift-to-remote-learning-in-response-to-covid-19/articleshow/76824683.cms">said</a>. The international students can apply for two types of student visas to study in the US — <a href="https://www.uscis.gov/i-9-central/642-f-1-and-m-1-nonimmigrant-students">M-1 nonimmigrant visa and F-1 nonimmigrant visa</a>. The M-1 nonimmigrant visa is extended to those applying vocational or non-academic studies. While the M-1 nonimmigrant visa is granted to students pursuing language courses or other academic training in the country. In the meantime, the Trump administration is also cracking down on the work visas granted to the international employees working in the US — calling them a ‘threat’ to American jobs. This was after the unemployment rate in the US surged to a new high. See also: <a href="https://www.businessinsider.in/tech/apps/news/elyments-dips-to-3-5-stars-on-google-play-store-heres-what-analysts-believe-indias-new-social-network-needs-in-order-to-be-successful/articleshow/76845819.cms">Elyments dips to 3.5 stars on Google Play Store — Here's what analysts believe India's new social network needs in order to be successful</a> <a href="https://www.businessinsider.in/india/news/covid-19-airborne-transmission-cant-be-ruled-out-says-who/articleshow/76845663.cms">Covid-19: Airborne transmission can't be ruled out, says WHO</a>

US student visa restrictions may be eased slightly to help foreign non-immigrant students

<ul><li>An Indian fintech payment services startup <keyword id="15587811" type="General" weightage="80" keywordseo="billbox" source="Orion">Billbox</keyword> is developing wearable payment accessories called <keyword id="15587810" type="General" weightage="80" keywordseo="taptap" source="Orion">TapTap</keyword>. </li><li>The 16-year-old Mumbai-based startup Billbox has launched the product in association with NSDL Payments Bank and <keyword id="6359421" type="General" weightage="100" keywordseo="visa" source="Orion">Visa</keyword>. </li><li>It has been launched with silicon band, silicon strap and silicon loop which will be available in white, black and blue colours. </li></ul>The days when you had to use your card for payments may soon be a thing of the past. An Indian fintech payment services startup, Billbox, is developing wearable payment accessories through a disruptive product TapTap, which will help in making payments faster than cards. “The newly launched product will be highly beneficial to a segment of the population who are looking for quick contactless payment methods that go beyond plastic money, QR codes and cards,” said Ashutosh Singh, president &amp; CBO, NSDL Payments Bank. The 16-year-old Mumbai-based startup Billbox has launched the product in association with NSDL Payments Bank and Visa. “TapTap is a program manager and fintech pioneer in prepaid and gift card programs. Our B2B and B2C solutions through partnerships with major brands, fashion designers, and enterprise customers will get us the cutting-edge technology of accessorising payments through wearable contactless payment products. It also allows quick turnaround to launch customised co-branded prepaid card programs,” <keyword id="15587812" type="General" weightage="50" keywordseo="viraj-majmudar" source="Orion">Viraj Majmudar</keyword>, managing director and CEO, TapTap said. It has been launched with silicon band, silicon strap and silicon loop and will be available in white, black and blue colours. The company also claims that the product is non-allergic, non-skin irritant and washable, as it is made out of silicon. The products under development that are aimed at men include rings, access cards, airpod covers, watch straps, watches, cuff links, ties, gloves, jackets and spectacles. Products for women would include rings, mobile covers, key fobs, bag tags, stickers, watches, watch straps, bracelets made out of silicon, leather, artificial jewellery, gold and silver jewellery. As per <keyword id="30067" type="General" weightage="50" keywordseo="rbi" source="Orion">RBI</keyword> norms in India, a user can tap for an amount up to ₹5000 without OTP (one time password) or PIN but any amount above that would require second-factor authentication of OTP. The user can transact up to ₹2,00,000 in a month with full Aadhar KYC. “Partnering with fintech like BillBox, we continue to provide Visa cardholders the convenience of tapping to pay for their everyday purchases, now through wearable devices,” said <keyword id="14024743" type="General" weightage="50" keywordseo="ramakrishnan-gopalan" source="Orion">Ramakrishnan Gopalan</keyword>, head – products, India and <keyword id="52011" type="General" weightage="50" keywordseo="south-asia" source="Orion">South Asia</keyword>, Visa. But there is a catch. TapTap wearable contactless payments is only available for Visa Platinum prepaid card users and will cost ₹1499 per wearable. It will be for use in metro cities of India. Furthermore, the company says that one doesn’t need a phone or scanner to use the product, and it requires no charging either. “This offering is in line with NSDL Payments Bank’s philosophy to offer innovative and secure digital financial solutions to Indian consumers in a cost-effective manner,” Singh added. Billbox also offers reloadable prepaid cards and the same can be loaded via instructions to the bank, the company said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/nykaa-chief-financial-officer-arvind-agarwal-quits/articleshow/95689392.cms">Nykaa chief financial officer Arvind Agarwal quits</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/living-sustainably-can-start-at-home-here-are-10-tips-to-get-you-started/slidelist/95679808.cms">Living sustainably: Here are 10 tips to get you started</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/indias-benchmark-indices-snap-3-day-losing-streak-easy-trip-planners-extends-gains-paytm-tanks-11/articleshow/95688559.cms">India’s benchmark indices snap 3-day losing streak – Easy Trip Planners extends gains, Paytm tanks 11%</a>

Wear it, tap it and get going: Visa Platinum prepaid card users will soon be able to make their payments with wearables like band, rings, jackets, watch straps

<ul class="summary-list"><li>The Spanish government has officially approved a new <a href="https://www.businessinsider.com/digital-nomad-visa-tax-rules-for-traveling-working-remotely-internationally-2023-1">digital nomad visa</a> for remote workers. </li><li>In order to qualify, you need a university degree or three years of professional experience.</li></ul>After over a year of anticipation, Spain has officially launched a <a href="https://www.businessinsider.com/digital-nomad-visa-tax-rules-for-traveling-working-remotely-internationally-2023-1">digital nomad visa</a> allowing remote workers to live and work in the country for up to five years. The visa, bundled within a new <a href="https://www.businessinsider.com/spain-startup-law-to-bolster-4-billion-ecosystem-2022-9">startup law aiming to help the country's burgeoning tech scene</a>, was passed by the Spanish parliament in November and received final approval from congress in late December. Here's who can apply, according to requirements recently published in Spain's <a href="https://www.boe.es/diario_boe/txt.php?id=BOE-A-2022-21739" target="_blank" rel="noopener">official state gazette</a> and <a href="https://extranjeros.inclusion.gob.es/UnidadGrandesEmpresas/es/requisitos/teletrabajadores/index.htm?fbclid=IwAR3UO_Sf8nb3jDWTe6J1TepAbTwJCfbAOhVSbWilf9ee5DcA6bL1K0Dc7jc" target="_blank" rel="noopener">federal immigration agency</a>:<ul><li>You must be a citizen of a country outside the European Union.</li><li>You must be employed by a non-Spanish company (or companies, for freelancers) for at least three months prior to your application. The company must be at least a year old. </li><li>Provide documentation showing your job can be completed remotely.</li><li>Have a university degree or three years of professional experience. </li><li>Make at least 200% of Spain's monthly minimum wage of €1,260 (which currently calculates to around $32,445 a year). </li><li>Any additional income made within Spain cannot exceed 20% of your total salary.</li><li>Have no criminal record in the past 5 years, both in Spain and your home country. </li><li>You must have health insurance. </li></ul>It's important to note that while Spain's income requirement for digital nomads is currently set to 200% of the national minimum wage, the government has until March 31 to modify the visa's salary requirements. Spain is set to <a href="https://www.reuters.com/markets/europe/spain-raise-minimum-wage-by-8-pm-sanchez-says-2023-01-31/#:~:text=The%20move%2C%20which%20comes%20after,of%20its%20four%2Dyear%20term." target="_blank" rel="noopener">raise the national minimum wage</a> by 8% this year to 12 monthly installments of €1,260, which would make the visa's income requirements €2,520 a month. If you meet all the above requirements, you can apply at your local consulate or embassy — just be sure to have all those documents in hand. <h2>How Spain's visa for remote workers compares to Portugal's digital nomad visa:</h2><div type="image" title="digital nomad" height="800" width="1066" msid="97667548" hostid="261"></div>Spain's digital nomad visa is very similar to its neighbor Portugal's, which was <a href="https://www.businessinsider.com/portugal-launches-digital-nomad-visa-2700-month-income-requirement-2022-10">released back in November</a>. Both Spain and Portugal's digital nomad visas can be renewed for up to five years. With its favorable climate and proximity to major European hubs, it's no wonder why the Iberian peninsula is becoming a digital nomad hotspot. An attractive benefit of both programs is that recipients can travel visa-free throughout the Schengen Area, a region containing 26 European Union member countries where travelers can move freely without dealing with border control. The major difference between the two visas is that Portugal has a slightly higher minimum income requirement (for now). In order to qualify for Portugal's digital nomad visa, remote workers must make at least four times its minimum wage to apply. Portugal raised its monthly <a href="https://www.reuters.com/markets/europe/portugal-reaches-51-private-sector-wage-hike-deal-2023-2022-10-10" target="_blank" rel="noopener">minimum wage</a> to €760 in January, bringing the income requirement to €3,040, or $3,257.40 a month — a little over $500 more than Spain's.Radim Rezek, CEO and co-founder of <a href="https://www.flatio.com/" target="_blank" rel="noopener">Flatio</a>, a housing platform for monthly stays that targets digital nomads in Europe, told Insider that Portugal is "much more developed" in terms of attracting remote workers and tech entrepreneurs to its shores, something that Spain has sought to imitate."There is a little tension between them, so they kind of compete — but in a good way of course," he said. <h2>Some local workers fear the digital nomad wave will raise the already high cost of living</h2>While proponents of digital-nomad visas say the programs can <a href="https://hbr.org/2022/05/how-digital-nomad-visas-can-boost-local-economies?ab=hero-subleft-2" target="_blank" rel="noopener">boost local economies</a>, some critics worry that the influx of foreign remote workers will raise housing prices in areas that are already struggling with inflation. From <a href="https://www.vox.com/the-goods/22999722/mexico-city-pandemic-remote-work-gentrification" target="_blank" rel="noopener">Mexico City</a> and <a href="https://www.businessinsider.com/puerto-rico-posters-call-crypto-investors-logan-paul-brock-pierce-colonizers-2022-2">Puerto Rico</a> to <a href="https://time.com/6072062/barcelona-tourism-residents-covid/" target="_blank" rel="noopener">Barcelona</a>, many local workers have voiced concern that the influx of international remote workers since the pandemic has done more harm than good. Spain's Startup Act and digital nomad visa saw support from both sides of the political spectrum. Nadia Calviño, the country's economic affairs minister, called the bill's approval <a href="https://www.businessinsider.es/esperada-ley-startup-enfila-votacion-clave-congreso-1150277" target="_blank" rel="noopener">"one of the most enjoyable moments I've experienced in the Parliament." </a>"It's a law that will allow Spain to be at the forefront in the push and promotion of talent in this rapidly growing digital economy," she added.

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