Index Investing News
Saturday, April 25, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Canada wants to become a hub for digital nomads

by Index Investing News
June 30, 2023
in Financial
Reading Time: 3 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter

What could be better than remote work? Remote work while living somewhere fabulous.

The COVID-19 pandemic paved the way for many people to do their jobs from home, or if rules permitted, from an entirely different country. Even though the digital nomad life had existed previously, the greater acceptance of it by companies gave people more incentive to try it—so much so that from 2019 to 2022, the number of digital nomads in just the U.S. more than doubled.

Now, Canada wants a slice of the digital nomad pie. The country is seeking to lure this pool of professionals through new immigration programs.

The current system allows digital nomads to move to Canada for up to six months while working for employers based elsewhere. The new system, the details for which are still being worked out, will aim to ease that process further and will be launched later this year. 

“We expect that some digital nomads who initially enter Canada to work remotely will decide to seek opportunities with Canadian employers,” a government press release said Wednesday. “When they receive a job offer from a Canadian company, they would be able to bring their skills to a Canadian employer by applying for a temporary work permit or even permanent residence.”

The main motivation behind Canada’s push to attract digital nomads is the labor shortage it faces in “key tech occupations,” according to Canadian Immigration Minister Sean Fraser. Other countries have launched such programs previously—including Portugal, Germany, Brazil, and Thailand. It’s seen as a way to boost the local economy and even pump new talent into the country, as in the case of Canada. 

Canada also announced two additional initiatives to draw overseas talent—one that is aimed at individuals who can contribute to the country’s innovation industry and another that will allow work permit holders in the U.S. to migrate easily to Canada for work.

Calling all digital nomads

Employees have sometimes become digital nomads in stealth mode by traveling without telling their employers while continuing to work remotely. 

To be sure, digital nomads are different from remote workers–or rather, they are a sub-category. They work remotely, sure, but they also travel while doing it, and differ from the traditional worker since they have geographic mobility. Nomads could be engaged in a range of occupations—whether that’s entrepreneurship or freelance work. Data from MBO Partners, a talent provider, shows that since 2019, there has been a dramatic year-on-year increase in the number of people adopting a digital nomad lifestyle. 

Countries with strong tourism industries saw their economies battered during the pandemic, when people’s ability to travel was limited. In an effort to rebound from that slump, popular travel destinations like Bali kicked off programs supporting the new era of work. The Indonesian island had a healthy tourism industry before, but its new visa that allowed foreigners to stay for five years attracted a different breed of tourist.

Companies have had to adapt too. Airbnb, the short-term property rental company, turned its model to a permanent “work from anywhere,” which saw a surge in interest from prospective employees. Meanwhile, e-commerce company Shopify offered new hires the option to work from anywhere worldwide for 90 days.

As enticing as it sounds, there have been downsides to liberal digital nomad programs. Portugal’s Golden Visa program was so popular that close to 12,000 investors and 19,433 family members had tapped it as of March, since it was rolled out in 2012, according to consulting firm Global Citizens Solutions. But the influx of wealthy residents caused real estate costs to soar in Portugal, making it hard for locals to afford homes. This ultimately led the program being scrapped in February. 



Source link

Tags: CanadadigitalHubnomads
ShareTweetShareShare
Previous Post

Celsius to Potentially Sell More Than $170M in Cardano (ADA), Polygon (MATIC), Solana (SOL) and Altcoins for BTC, ETH

Next Post

South Korean crypto lending firm Delio under investigation by regulators

Related Posts

Scientists are burning homes to protect them in wildfires: ‘We crash test houses’

Scientists are burning homes to protect them in wildfires: ‘We crash test houses’

by Index Investing News
April 21, 2026
0

It took less than three minutes for wind-whipped flames to go from licking the side of the house to shattering a window...

Morocco stocks lower at close of trade; Moroccan All Shares down 0.22% By Investing.com

Morocco stocks lower at close of trade; Moroccan All Shares down 0.22% By Investing.com

by Index Investing News
April 9, 2026
0

Investing.com – Morocco stocks were lower after the close on Thursday, as losses in the , and sectors led shares...

UnitedHealth: Why It’s Still Not Too Late To Buy The Turnaround (NYSE:UNH)

UnitedHealth: Why It’s Still Not Too Late To Buy The Turnaround (NYSE:UNH)

by Index Investing News
April 5, 2026
0

This article was written byFollowJR Research is an opportunistic investor. I was recognized by TipRanks as a Top Analyst, and...

Emerging Market Stock Valuations

Emerging Market Stock Valuations

by Index Investing News
April 13, 2026
0

The Map is not the Terrain… https://theideafarm.com/markets/emerging-markets-the-map-is-not-the-terrain/ And also from a recent podcast with La Roche here is Gundlach “”My...

Recommerce and Sustainability: How B-Stock Is Closing the Loop

Recommerce and Sustainability: How B-Stock Is Closing the Loop

by Index Investing News
April 17, 2026
0

Every April, Earth Month serves as a reminder that sustainability isn’t a trend: it’s an imperative. For retailers and brands...

Next Post
South Korean crypto lending firm Delio under investigation by regulators

South Korean crypto lending firm Delio under investigation by regulators

As a gay man, I don’t think Supreme Court infringes on my rights

As a gay man, I don't think Supreme Court infringes on my rights

RECOMMENDED

Pressured-reset triggers are machine weapons below US legislation

Pressured-reset triggers are machine weapons below US legislation

March 24, 2022
The Stargate Venture Guarantees a Information Middle Growth. Can It Ship?

The Stargate Venture Guarantees a Information Middle Growth. Can It Ship?

January 25, 2025
Amal Clooney is Living La Dolce Vita in Her Latest Chic Summer Style Moment

Amal Clooney is Living La Dolce Vita in Her Latest Chic Summer Style Moment

August 11, 2023
Russia claims seize of Lysychansk, pivotal metropolis in Japanese Ukraine

Russia claims seize of Lysychansk, pivotal metropolis in Japanese Ukraine

July 3, 2022
Gulf Coast Worldwide Properties Wins Finest Enterprise Float

Gulf Coast Worldwide Properties Wins Finest Enterprise Float

January 10, 2025
Manchester United 3-1 Everton: Girls’s Tremendous League – because it occurred | Soccer

Manchester United 3-1 Everton: Girls’s Tremendous League – because it occurred | Soccer

March 27, 2022
Bitcoin Miners Broaden Holdings: Hut 8's Reserve Tops  Billion

Bitcoin Miners Broaden Holdings: Hut 8's Reserve Tops $1 Billion

December 19, 2024
Stocks moving big after hours: CSX, KNX

Stocks moving big after hours: CSX, KNX

April 20, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In