🛂 OVERVIEW
Initial Duration
12 months
Max Duration
60 months
Income Requirement
$1,500/mo
($18,000/yr)
Tax Status
Special rate
📋 REQUIREMENTS
Health Insurance
Required
Criminal Record Check
Required
Accommodation Proof
Not required
Proof of Employment
Required
Degree Required
Not required
Savings Requirement
$20,000
💼 WORK RULES
Local Work Allowed
No
Freelancer Eligible
Yes
Employee Eligible
Yes
Work Permit Included
No
👨👩👧 FAMILY & DEPENDENTS
Dependents Allowed
No
💰 TAX DETAILS
Tax Status
Special rate
Tax Rate
5.0%
Tax Regime
5% special DN rate on foreign income
Foreign Income Taxed
Yes
Tax Residency Trigger
186 days
📝 HOW TO APPLY
Can Apply In-Country
No
Multiple Entry
Yes
Can Open Bank Account
Yes
Renewable
Yes
📝 NOTES
Announced May 2025, expected to launch 2026. Five-year, multiple-entry visa with 1-year stays. Requires $1,500/month income or $20,000 savings, plus $100,000 health insurance coverage. Special 5% income tax rate on foreign earnings if staying 186+ days/year. Ability to open local bank accounts. Details still being finalized.
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