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Japan is also launching Digital Nomad visa and here are the details

03:41 PM | 2 Feb, 2024
Japan is also launching Digital Nomad visa and here are the details

TOKYO - In a groundbreaking move for freelancers, Japan is gearing up to introduce a unique visa program tailored for digital nomads, opening its doors to skilled professionals worldwide.

The program would benefit digital freelancers who wish to work remotely while savoring the country's scenic landscapes and is set to be rolled out by the end of March though an official date is awaited in this regard. 

To be eligible for the digital nomad visa, applicants must demonstrate an annual income of at least 10 million yen ($68,000). Interestingly, the visa caters not only to IT engineers but also to remote workers employed by overseas companies, acknowledging the growing trend of individuals seamlessly working from various locations worldwide.

According to the details, citizens from around 50 countries, including the U.S., Australia, and Singapore, which have existing visa waiver agreements with Japan, can apply for the digital nomad visa.

A distinct feature of this innovative visa program is its focus on private health insurance as a prerequisite for visa approval, ensuring the well-being of visa holders throughout their six-month stay.

The Japanese version of the digital nomad visa also provides an option to Self-employed individuals engaged in overseas business to benefit from the program, with the added option to bring along family members, provided they, too, are covered by private health insurance.

Despite the benefits, digital nomad visa holders will not be considered residents, impacting their ability to rent long-term accommodations such as apartments or houses.

It has also been clarified that the proposed visa is not renewable, and applicants must reapply six months after leaving the country.

The government plans to launch the digital nomad visa in the ongoing year and with public comments on the proposed plan are being accepted from February.

This initiative aligns with the global trend of governments encouraging remote work, recognizing digital nomads as a valuable means to stimulate tourism and foster domestic innovation. 

Although there is no exact figure regarding the number of digital nomads, U.S. travel information website 'A Brother Abroad' estimates their number to be over 35 million around the world with a collective economic value of $787 billion.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 24 April 2024 Forex Rates

Pakistani currency remains unchanged against US Dollar and other currencies on April 22, 2024 Monday in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.2 for buying and 296.2 for selling while British Pound hovers at 339.5 for buying, and 343 for selling.

UAE Dirham AED was at 75 and Saudi Riyal's new rate was at 73.25. 

Today’s currency exchange rates in Pakistan - 24 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.2 296.2
UK Pound Sterling GBP 339.5 343
U.A.E Dirham AED 75 75.8
Saudi Riyal SAR 73.25 73.95
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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