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South Africa launches visa for digital nomads: Details inside

11:14 AM | 23 May, 2024
South Africa launches visa for digital nomads: Details inside

CAPE TOWN - The government of South Africa has introduced digital nomad visas for freelancers as the trend for attracting young talented individuals from across the world continues.

The government amended its work permit regime on Monday, allowing the creation of a "nomad visa" to attract remote workers employed and paid by foreign companies.

As far as the eligibility for the nomad visa is concerned, they must earn at least 1 million rand (approximately $55,404) annually from a foreign employer or self-employment.

A major benefit of the visas is that for a remote work visa period not exceeding six months within 36 months, applicants can apply for an exemption from registering as a taxpayer with the South African Revenue Service (SARS).

The measure comes on the recommendations of the office of the president and addresses criticism
from major foreign-owned employers struggling to get technicians and executives into the country due to the country's complex permit system. 

The severity of the situation could be gauged from the fact that some applicants are waiting for over a year for a work permit but the fresh changes would help clear the backlog.

The decision to introduce nomad visas is being welcomed by industry experts and freelancers alike. Mayoral committee member for economic growth, James Vos commented on the development that by enabling remote workers to stay longer in the city, tourism can be boosted and local businesses could be supported. 

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - PKR to US Dollar, Euro, Pound, Dirham, Riyal - 20 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 20, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.50 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 349.7 for buying, and 353.25 for selling.

UAE Dirham AED was at 74.80 and Saudi Riyal at 72.80.

Forex Rates

Currency Symbol Buying Selling
US Dollar USD 277.50 280.65
Euro EUR 296.00 299.00
UK Pound Sterling GBP 349.70 353.25
U.A.E Dirham AED 74.80 75.60
Saudi Riyal SAR 72.80 73.55
Australian Dollar AUD 182.00 184.00
Bahrain Dinar BHD 741.18 749.18
Canadian Dollar CAD 204.00 206.00
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.18 40.58
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.90 1.98
Kuwaiti Dinar KWD 909.34 909.34
Malaysian Ringgit MYR 59.30 59.90
New Zealand Dollar NZD 170.79 172.79
Norwegian Krone NOK 25.97 26.27
Omani Riyal OMR 723.88 731.88
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.65 205.65
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 311.90 314.40
Thai Baht THB 7.58 7.73

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